Toronto, Ontario--(Newsfile Corp. - January 29, 2014) - "These blocks are highly prospective given the exploration work completed to date by the Company and should provide Simba Energy Inc. (TSXV: SMB) (OTCQX: SMBZF) with drill ready targets later this year," said Simba President & CEO Robert Dinning. This latest announcement from Simba comes less than three weeks after the company reported that it has signed a letter of intent to farmout up to 40% of Simba's interest in the PSC for Block 2A, onshore Kenya, for a total commitment of US$8.6 million.

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Kenya has seen the discovery of oil for the first time in East Africa as Africa Oil (TSXV: AOI), in a JV with Tullow Oil, continues its success with the oil discovery at its Kenyan block 10BB. Investors are looking for other plays that can emulate such success and Simba is clearly well positioned with a big land package and its geologically attractive positioning.

To read the article please visit: http://www.smallcappower.com/companies/posts/article-simba-energy-inc-29-1-2014.

Simba Energy Inc. (TSXV: SMB) (OTCQX: SMBZF) is an independent Canadian-based oil and gas exploration company with active onshore PSCs in Kenya, Guinea and Chad. Simba is exploring and developing onshore oil and gas prospects in under explored regions across Africa.

To view the initiation research report, research bulletins, analyst commentaries and CEO video interview please visit: http://www.smallcappower.com/companies/products/simba-energy-inc.

About Ubika Research

Ubika is an investment research and capital market services firm based in Toronto and Vancouver with a proven track record of identifying and launching coverage of high potential small cap stocks at an early stage, thus offering timely market insights. Its specialty is small-cap companies with a market capitalization of <$1 billion.

Disclosure

Ubika Research has received compensation from Simba Energy to provide analyst research coverage.

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