investor presentation march2014

Investor PresentationMarch 2014

These presentation materials are confidential and are directed only at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act 2000(Financial Promotion) Order 2005 (such as persons who are authorised or exempt persons within the meaning of the Financial Services and Markets Act 2000 (“FMSA”), or in the United States whoqualify as an “accredited investor”, “qualified institutional buyer” or “qualified purchaser” under United States Securities laws, or an "accredited investor" under National Instrument 45-106 inCanada, and certain other investment professionals, high net worth companies, unincorporated associations or partnerships and the trustees of high value trusts) and persons who are otherwisepermitted by law to receive them. These presentation materials are directed only at persons having professional experience in matters relating to investments and any investment or investmentactivity to which these presentation materials relate is available only to such persons. Persons of any other description, including those who do not have professional experience in matters relating toinvestments, should not rely on these presentation materials or act upon their content.This document is exempt from the general restriction on the communication of invitations or inducements to enter into investment activity and has therefore not been approved by an authorisedperson as would otherwise be required by section 21 of the FSMA. Any investment to which this document relates is available to (and any investment activity to which it relates will be engaged with)only those persons described above. Persons who do not fall within this category of investor should not take any action upon this document, but should return it immediately to Simba Energy Inc.

Postage and other reasonable delivery costs will be refunded. It is a condition of your receiving this document that you fall within, and you warrant to Simba Energy Inc. (the “Company”) that youfall within, the category of person described above.The presentation materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in the Company nor shall they or any part of them, or

the fact of their distribution, form the basis of, or be relied on in connection with, any contract with the Company relating to any securities. Any decision regarding any proposed subscription forshares in the Company must be made solely on the basis of public information on the Company. The presentation materials are not intended to be distributed or passed on, directly or indirectly, orto any other class of persons. They are being supplied to you solely for your information and may not be reproduced, forwarded to any other person or published, in whole or in part, for any other

purpose. Any other person who receives this document should not rely or act upon it. By accepting this document the recipient represents and warrants that they are a person who falls within theabove description of persons who are entitled to receive this document. The information contained in this document is confidential and the property of the Company.No reliance may be placed for any purpose whatsoever on the information contained in this document or on its completeness, sufficiency, accuracy or fairness. No representation or warranty,express or implied, is made or given by or on behalf of the Company or its directors or employees or their professional advisers or any other person as to thecompleteness, sufficiency, accuracy or fairness of the information, beliefs or opinions contained in this document and in the presentation and no responsibility or liability is accepted to placees forany such information or opinions. Any reliance on this communication could potentially expose you to a significant risk of losing all of the property invested by you or the incurring by you ofadditional liability. Save in the case of fraud, no liability is accepted for any loss, cost or damage suffered or incurred as a result of the reliance on such information, opinions or beliefs.Certain statements and graphs throughout the presentation are “forward-looking statements” including management’s and third party assessments of future plans, operations, values and returnsand represent the company’s international projects, expectations or beliefs concerning, among other things, future operating results and various components thereof or the company’s futureeconomic performance. These projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties which may cause thecompany’s actual performance and financial results in future periods to differ materially from any estimates or projections.These risks include, but are not limited to, risks associated with the oil and gas industry in general, delays or changes in plans with respect to exploration and development activities and capitalexpenditures, the uncertainties of estimates and projections relating to production, political risks, costs and expenses and health and safety and environmental risks, commodity price and exchangerate fluctuations, and uncertainties resulting from competition and ability to access sufficient capital, and risks relating to the ability to complete capital markets transactions referred to in thepresentation.If you are in any doubt about the investment to which these presentation materials relate, you should consult a person authorised by the Financial Services Authority who specialises in advising onsecurities of the kind described in this document. The distribution of this document in certain jurisdictions may be restricted by law and therefore persons into whose possession this documentcomes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdictions. Neither this document, nor any copy of it,may be taken or transmitted into Australia, Ireland, South Africa or Japan or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute aviolation of relevant local securities laws.

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THIS PRESENTATION IS BEING SUPPLIED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BEREPRODUCED, FURTHER DISTRIBUTED TO

ANY OTHER PERSON OR PUBLISHED IN WHOLE OR IN PART, FOR ANY PURPOSE

Disclaimer

Contents

3

I. Company Overview 4

Pan-African Exploration Portfolio 5

Investment Highlights 6

Strategy and Objectives 7

Management and Technical Team 8

II. Assets Overview 12

Kenya 12

Chad 21

Guinea 24

III. Corporate & Financial 25

Corporate Profile

Contact Us

26

27

I. Company Overview

Pan-African Exploration Portfolio

Investment Highlights

Strategy and Objectives

Management Team

Technical Team

5

Pan-African Exploration Portfolio

• Exploration licence agreements in Kenya, Guinea and Chad

• PSCs in Ghana, Liberia and Mali currently being ratified

Kenya

100% interest in PSC

for onshore Block 2A

(LOI– Farm-Out 40%)

Acreage: 7,802km2

Chad

100% interest in the PSCs Chari

Sud Blocks 1 & 2 and Erdis Block 3

Total acreage: 25,811km2

Republic of Guinea 60% interest onshore Blocks 1 & 2

(option to acquire remaining 40%) Total acreage: 12,000km2

Large, onshore, diversified portfolio of ’high impact’ early stage oil and

gas assets in Africa

Low cost acquirer of assets with significant exploration and/or

development activity on or adjacent to Simba's blocks

Large acreage

positions in African

frontier onshore basins

Excellent relations with

host governments

Majority ownership and

control of licences

Strong management

team with enhanced

technical and

operational support

6

Management supported by strong, local, on the ground presence in its

priority countries

Current or ahead of work commitments on all PSCs

Onshore exploration licences in Kenya (100% - Entered LOI with

Private investor group in Alberta for farm out of 40%); and a farm out

in Guinea for 45%. Simba owns 60% and has option to acquire

remaining 40% from Government.

Onshore PSCs in Ghana and Liberia being ratified

Taipan Resources – Holds adjoining PSC in Kenya, and are

conducting 2D Seismic on southwest corner of Simba’s Block 2A

Technical and operational team expansion to support Simba’s

continued growth and activity levels

Consolidating senior management in London

Investment Highlights

Strategy and Objectives

Pan-African, onshore exploration strategy:

1

Focus on underdeveloped or

unexplored basins

Be a low cost acquirer of oil and

gas assets

3

“Prove up” the licence through

geophysical field work and

analysis

Farm-down licence before

commencing drilling operations

Simba aims to maximize shareholder value through proving up onshore African

oil and gas assets in underexplored basins

Identify, acquire

and develop highly

prospective

onshore oil and

gas assets across

Africa

24

7

Experienced Management Team and Board…

Executive Team and Senior Management Board

Yrs Exp Yrs Exp

John King Burns – ChairmanBarclays Metals Group, Potomac Asset

Management Co.

Director at China Gold International Resources

Ltd, Corazon Gold Corp. NuCoal Energy Corp,

Dolly Varden Silver Corp.

35+40+Robert Dinning – President & CEO;

Director Director, President & CEO of

Meadow Bay Gold Corp., director of Sonora Gold

& Silver Ltd., Chairman of Paramount Gold and

Silver (TSX and AMEX listed)

James W.Dick P.Geol., P.Eng – CTO;

DirectorExxonMobil, D&S International, Quad Energy

Development Corp. Mercantile Int. Petroleum Inc.

Hassan Hassan – MD Operations;

DirectorPrimarily responsible for sourcing,

negotiating and completing the acquisition

of PSC's as well as negotiating strategic

alliances and Government relations

Oleg Schkoda – Exploration & Project

Development Baker Hughes, G.E., Schlumberger, Shell

Technology Ventures.

20+

40+

35+

Charles de Chezelles – Non-

Executive DirectorCredit Suisse-First Boston (CSFB), London;

Banco Real SA, London; Smith Barney, New

York

Director at Sunkar Resources Plc. Grafton

Resources Plc., Natasa Mining Plc.

35+

8

Keith Margetson – CFO

CFO of Meadow Bay Gold Corp.

Over 15 Africa-based Simba employees helping to realize Simba’s growth objectives

Simba Management

Vancouver HQ

Staff of 5

…Supported by Strong Presence on the Ground…

Ability to build long-term, local relationships; a key factor in winning PSCs

Plus Africa-based

staff members

focused on new

business

development

Kenya

5

Chad

1

Guinea

2

Ghana

1

Liberia

3

Countries with signed PSCs Countries with PSCs to be ratified

Country

# of in-country staff

9

10

…Supported by Simba’s Technical Team…

James W. Dick, Director & CTO

• BA (Hons) Geol., Pet. Eng.• 48 years of experience in the

Petroleum Industry • Exxon Mobil, D&S Intl, Quad

Energy Development, Mercantile Int, Petroleum Inc.

Oleg Schkoda, Exploration & Project Development • MSc Pet. Eng., MSc Pet. Geol.• 17 years of experience in the

Petroleum Industry• Baker Hughes, General

Electric, Schlumberger, Shell Technology Ventures

Uwem Uko, Sr. Geophysicist

• BSc (Hons) Geol., MSc Oil and Gas Eng.

• 10 years of experience in the Petroleum Industry

• Exxon Mobil, Halliburton, Schlumberger, Valiant Petroleum Plc.

II. Assets OverviewKenya

Chad

Guinea

Kenya: Significant Potential in an Underexplored Basin

Bougeur anomaly map over Block 2A with seismic basemap

Block 2A is 7,801km²

100% working interest (LOI – Farm-Out 40%)

Source, reservoir & seal rocks have been confirmed

Nearby Tarbaj oil seep has been sampled andanalyzed, demonstrating the existence of sourcerocks of marine origin located deeper in the basin

Sedimentary section of Mandera Basin is over10,000 meters thick

445.3 MMBOE mean unrisked prospectiveresources (NI 51-101 report, Sproule, May 2012)

Ngamia-1 Oil Discovery

12

Kenya: Block 2A

Successful drilling results re-ranking Kenya’s hydrocarbon potential to multi-

billions of barrels of oil

Simba Energy’s Block 2A is in the structural trend

of theAnza and Mandera-Lugh basins

- Large, underexplored sub-basin of the Ogaden

Basin

- Permian, Triassic and Jurassic candidate

source rocks

- Several structures have been evidenced in the

Block, specifically around the Wajir area

- Reservoir provided by different sandstone

levels

- 500km of pre-existing 2D seismic

13

Kenya: Structural Traps Identified from Seismic Analysis

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Seismic Basement Time Structure shows prospective areas (P1, P2, P3) on the

basis of the geological structural traps

P1

P2

P3

P1 area has a 4-way closure based on three crossing seismic lines with several leads identified in

subsequent seismic analysis

Kenya: Passive Seismic Supportive of Prospective Leads..

Passive seismic survey undertaken in to investigate and ascertain the

hydrocarbon potential at the Company’s three targets (P1, P2, P3)

The first lead (Potential I) in P1 with an area of 29km² demonstrates the highest level of

hydrocarbon seismic energy interpreted amongst all seven potential leads identified by the survey

The second, and likely related lead (Potential II), is over 100km² in size with good response for

hydrocarbon potential and is located approximately 8km to 20km to the SW of Potential I

15

Kenya: Passive Seismic Supportive of Prospective Leads..



Passive seismic identifies the presence of

hydrocarbon occurrence if all factors

required for the formation, migration and

trapping of hydrocarbons are in place





16

Hydrocarbon seismic energy profile along the seismic line K74-2

Both wells encountered quartzitic sandstones with limited reservoir development potential

Hydrocarbon seismic energy profile along seismic line K74-2 which passes through Potential II

and the two wells indicates a very weak passive anomaly in the vicinity of Elgal-1

It is also possible that Elgal-1 (1,908m TD) did not reach reservoir depth

Kenya: …Increasing Our Understanding of the System…

Hydrocarbon seismic energy distribution over

Potential II

Passive seismic also provides good indication why Amoco wells Elgal-1 and

Elgal-2 (1987) proved to be unsuccessful

17

Kenya: …Giving Strong Reservoir Indicators…

Hydrocarbon seismic

energy profile along the

seismic line K74-2

Seismic profile with

reported interpreted traps

Very high energy response coincides with a fault bounded potential trap

Elgal_1

Elgal_2

18

Kenya: Passive Seismic Identifies Potential Fault Zones







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Kenya: … Next Step: New 2D Seismic Program

Proposed 2D Seismic Lines

20

Chad: Attractive Acreage in Central Rift System

Outline of West Central African Rift System’s (WCARS) Doba and Doseo basins

over Simba’s southern Chad licences

21

Chad: Offsetting Blocks Indicate Continuous Morphology

Geological data and drilling results from adjacent license areas make compelling case for

hydrocarbon potential of Simba’s southern Chad licenses

West Central African Rifts System (WCARS) producing from different

basins proving the presence of all factors required for generation

West Central Shear Zone (WASZ) passes through Simba’s blocks, testing

both flanks of the rifts

WASZ Fault is both extensional and transtensional creating structural

complexity and improving overall basin permeability

Rift basin produces thick accumulations of sedimentary rocks with

numerous potential hydrocarbon traps

Data offsetting blocks indicated continuous morphology into Simba’s

Chari Sud Blocks I & II

Chad: Next Steps

Established Chad oil services sector to accelerate Simba’s exploration efforts

Build data base & collect satellite imagery, geochemical analysis

Shoot 10,000km of Full Tensor Gradiometry (FTG)

Acquisition and interpretation of 350km of new 2D seismic

Acquisition and interpretation of 50km2 of 3D seismic or 100km of

new 2D seismic

Drill exploration well

Guinea: Blocks 1 & 2

First mover advantage in underexplored high impact onshore basin

Geochemical and extensive seep survey are completed

24

Blocks 1 & 2 comprise 12,000km2 of

the Bove Basin

Silurian shales, which are the major

source rock in all North African basins,

are present

Presence of oil seeps

The basin has three known reservoir

systems with fair to good reservoir

parameters in both clastic sediments

and carbonates

Geochemical Survey completed in

2013

III. Corporate & FinancialCorporate Profile

Corporate Profile

Capital Structure

Share price

Shares in issue

Market Cap

Warrants (expire Apr. 5, 2014

Options

*(as of COB 4 March 2014)

C$0.09*

226 million

C$20m

54.5m

10.0m

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Contact Us

W | www.simbaenergy.ca

E | [email protected]

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Corporate OfficeSuite 210 - 905 West Pender St.

Vancouver, BC V6C 1L6

Canada

T: +1604 641 4450

F: +1 855 557 4622

Toll Free: +1 855 777 4622

http://www.simbaenergy.ca/









mailto:[email protected]










investor presentation march2014

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