Simba Energy Signs Agreement with Essel Group to Invest in its African Oil and Gas Projects

Simba Energy Inc. (TSXV:SMB) announced that it has entered an agreement with Essel Group Middle East, a subsidiary of Essel Group India that will see Essel Group earn 60 percent participating interest in Simba's production share contracts in Kenya, Chad and Guinea. As part of the agreement Simba will be carried on all future exploration costs.