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NOCAL Issues Hydrocarbon Reconnaissance License to Simba Energy

Monrovia (April 27, 2017) The National Oil Company of Liberia (NOCAL) has granted Simba Energy (Liberia) Limited (Simba) a nonexclusive two (2) years license to acquire seismic data onshore and nearshore the Roberts and Bassa basins in Grand Cape Mount and Grand Bassa counties respectively. This nonexclusive reconnaissance license was granted pursuant to the Petroleum (Exploration and Production) Act, 2014 (the “Petroleum Law”).

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