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Simba Energy or Pancontinental Energy the next Africa Oil? I would like to hear what the veterans think of the opportunity of these two drillers.
Simba Energy / Pancontinental Energy
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marathon oil just bought-into block 9 of Africa Oil for $34 million. Thats in Kenya . Simba’s block 2A abutts the eastern edge of block 9 If Marathon makes it ,so does Simba(
Pan Continental is offshore while simba is onshore, they both can be as big as africa oil and pancon is partnered with tullow.Right now because of its partnership with apache and tullow ,bg and far i give the edge to pancon.