Shumba Energy Ltd. Provided earnings guidance for the year ended June 30, 2016. The company expects to release audited results for the twelve months ended 30 June 2016 which will be significantly lower than what was reported for the corresponding period ended 30 June 2015. This is mainly attributable to the accelerated investment by the company in progressing Shumba's various resource assets to the next stage of their development over the past year, as compared with the previous year.