3rd Eastern Africa Oil, Gas & Energy Week

March 2012 SMB: TSX.V | GDA: Frankfurt | SMBZF: OTCQX

Simba's Pan-African Presence

Kenya -100% Production Sharing Contract for Block 2A Republic of Guinea - 60% interest in onshore Blocks 1 & 2 Mali 100% in Block 3 Liberia Advanced negotiations to convert onshore Hydrocarbon Reconnaissance Permit 001 into a PSC Ghana Application filed for PSC in the onshore Voltan Basin
Institutional Holdings Management & Close Affiliates

Kenya: Block 2A Summary

Potential of Block 2A Area of 7,801sq.km 2D seismic over 500km Covered by gravity and aeromagnetic surveys Block 2A is potentially part of a Institutional large unexplored East African Holdings basin Has good potential oil system Management & (Source, Reservoir & seal Rocks) Surrounded by several gas & oil seepages

Close Affiliates

Has potential stratigraphic traps and possible compartment traps Sedimentary section of Mandera Basin is over 10,000m in thickness

Kenya: Block 2A

EGAL 1: Drilled by AMOCO (012247N 39 5309E) total depth 1, 280 reached to Permian Karroo in 1987, P & A with (objective of Stratigraphic well control)

SIMBA
EGAL 2: AMOCO 012732.708N 395840.063E 1,908 Triassic Karroo 1987, P & A with (Stratigraphic control well)

Kenya: Historical Seismic Shot Block 2A

Afren

Simba Energy Africa Oil

ELGAL-2

BLOCK 2A

ELGAL-1

Lion Petroleum

Kenya: Historical Seismic Shot Block 2A

West of the Block 2A 750 km of seismic has been recently completed on Block 9 by Africa Oil Area 3 Albertine type of play
Area 3

Area 1 is associated with the Tarbaj oil seep 50 km away 1,200km of seismic planned this year on Block 1 by Afren

Area 1
Area

Area 2 gas prospects in the Karoo and shallow oil prospects South of the block 600km of seismic due to be shot in Block 2B by Lion Petroleum

Kenya: Block 2A, Oil Source

Over mature in drygas & pyrobitumen window

Kenya: Block 2A, Tarbaj Oil Show

Tarbaj Oil Show | Tarbaj Core Drill
Tarbaj oil seep located in the Mansa Guda Triassic formation has been sampled and analyzed by Cities services (1982) Total and Core Laboratories with the following conclusions: It has a medium maturity level and is partially biodegraded Tarbaj oil show demonstrates the existence of a source rock of marine origin located deeper in the basin Tentative maturity 2D section using Lopatin method (BeicipFranlab in 1994) shows that the Lower/Mid Jurassic is in the oil windows This is confirmed by regional results which place the oil window between 1500m 3000m
8

Kenya: Mandera Basin

The basin is onshore The basin is Permo-Triassic to Tertiary in age Sediment thickness ranges up to 10km Divided into three blocks Four wells drilled Potential source rock interval in Mid Jurassic-Lower Cretaceous Oil shows encountered at 40m-44m in the Tarbaj stratigraphic well drilled by TOTAL Source rock potential is comparable with the larger Madera-Lugh basin in Ethiopia and Somalia

Kenya: Anza Basin

The basin lies onshore Reef structures have been mapped lower cretaceous Reservoir rock: Bioclastic limestones Potential reservoir thickness: 300m-500m Source rock: Lower Cretaceous Divided into four blocks Eleven wells drilled in Anza Basin Oil shows encountered between 970m-1020m Gas shows encountered between 2150m-4290m

10

Kenya: Historical Seismic Shot Block 2A

Afren

Simba Energy Africa Oil

ELGAL-2

BLOCK 2A

ELGAL-1

Lion Petroleum

11

Kenya: Block 2A Seismic

12

Kenya: Block 2A Seismic

13

Kenya: Workflow - Vectorization

Input Data Data Preconditioning 1. Timeline removal 2. Brightness, contrast, intensity enhancement 3. Spot, sketch and scratch removal Image Registration

Main process Quality control Post enhancement

14

Kenya: Block 2A Seismic

Before

After

LINE VTU-03

15

Kenya: Block 2A Seismic

LINE VTU-03 (SEGY)

16

Kenya: Block 2A Seismic

LINE VTU-01
17

Kenya: Block 2A Seismic

LINE VTU-01 (SEGY)

18

Kenya: Geological Parameters

Reservoir: reservoir provided from any sandstone such as the Wajir (equivalent of the Calub in Ethiopia) or above in the Mansa Guda (equivalent of the Adigrat). The only limitation is the burial history which could have locally degraded the porosity. As the Karoo is probably more gas prone, the porosity is a lesser problem that for oil. Seal: Shales can be found at any level, Elgal shales (equivalent of Bokh formation in Ethiopia), or Mansa Guda shales. Structures: Several structures have been evidenced in the South of the study; Wajir area, North Wajir. Timing: All structures inherited from the initial Karoo rift system were probably efficient for trapping at the end of the Triassic or later when Karoo started to be mature.

19

Kenya: Potential Summary of Block 2A

Area is 7,801 sq.km 2D seismic over 500 km Covered by gravity and aeromagentic surveys Block 2A covers part of two under-explored basins in East Africa Has good potential oil system (source, reservoir & seal rocks) Offset by a significant oil seepage Has potential stratigraphic traps and possible compartment traps Sedimentary section of Madera Basin is over 10,000 m
20

Kenya: Block 2A Seismic

21

Kenya: Block 2A Seismic

TARBAJ

22

Kenya: Block 2A Looking Forward

1. Rework 2D Seismic, completion mid to end of April. This is the first rework to combine all seismic lines on Block 2A (23) as well as new public information on offsetting Blocks. 2. Simba has commissioned Sproule Petroleum Consultants Canada to do a COMPETENT PERSONS REPORT (CPR/51-101) due 3rd week April. 3. Simba has commissioned GeoDynamics to do a passive seismic spectroscopic survey over the most prospective areas of the block, to be completed by the end of May. 4. Interpretation of survey report due end of July. 5. After the evaluation of the above results, Simba will then conduct conventional seismic either 2D, 3D and/or possibly airborne gravity gradiometry.

23

Corporate Profile
Capital Structure Share Structure

Share price Shares in issue Market Cap Warrants Options Fully diluted
*as of March 2012

C$0.08* 140 million C$11m 64m 12m 233m Free Float

Institutional Holdings

Management & Close Affiliates

Major institutional shareholders include: Alpha North Pinetree Capital Expedition Capital (Hong Kong) Prophet Fund Ubequity

24

Directors & Management

John King Burns Chairman James W. Dick CTO & Director Mr. Burns is a former Global Head of Structured Derivative Finance for Barclays Metals Group, Barclays Bank, London. Mr. Burns is an experienced international executive in the global resources sector and is currently a Senior Project Advisor to Potomac Asset Management Co, in Maryland. Robert Dinning President, CEO & Director James W. Dick P Geol., P. Eng., (APEGGA) is a Petroleum Specialist with in excess of 48 years of petroleum industry experience. Jim spent 18 years with Exxon group reaching Senior Exploration Specialist level. Also he was Vice President Geology for the D&S International Consulting (10yrs) a large international consulting group, President of Quad Energy Development Corp. (10yrs) a public oil company and Chief Geologist for Mercantile International Petroleum Inc. Charles de Chezelles Non-Exec. Director

Mr. Dinning has a proven track record of success in the natural resources sector, including acting as a Director and/or Officer of several public companies such as Industrial Mineral Inc., ATAC Resources Ltd., Rockhaven Resources Ltd., Apolo Gold & Energy and Sonora Gold & Silver Ltd., Chairman of Paramount Gold and Silver and Meadow Bay Gold. Hassan Hassan Managing Director Operations

Mr. Hassan is experienced in providing management consulting, corporate finance and business development services to public and private companies. Mr. Hassan spends a large proportion of his time in Africa and has established a proven track record in both sourcing world class projects and successfully completing complicated acquisitions.

Mr. de Chezelles is a highly experienced financial industry expert. Past positions include: GM, Banco Real SA; Executive Director, Credit Suisse-First Boston (CSFB); Director, First Boston Europe; Corporate Account Executive, Smith Barney, New York. Mr. de Chezelles is currently MD of Omega Trust Company Limited (London) and sits on the Board of several financial companies and Trusts.

25

Contact Us

Corporate Office Suite 300 905 West Pender St Vancouver, BC V6C 1H2 Canada Tel: +1.604.641.4450 Fax: +1.604.669.9335 Toll Free: +1.855.777.4622

W. www.simbaenergy.ca E. info@simbaenergy.ca

SMB: TSX.V | GDA: Frankfurt | SMBZF: OTCQX

26