Traps:
The following information is anecdotal, but it does provide a few clues. It is also rather promotional:
1) Oil Barrel article from Sept.2010 titled- "Chevrons Involvement in Offshore Liberia Could All Go Well For Simba Energy's Onshore Acreage"
link http://oilbarrel.com/nc/news/display_news/article/chevrons-involvement-in-offshore-liberia-could-all-go-well-for-simba-energys-onshore-acreage/856.html?tx_ttr
2) Globe & Mail Interview dated Jan 26, 2011 of Steven Palmer - Alpha North Asset Management where he mentions Simba Energy as one of his hedge fund's holdings along with Primary Petroleum:
link http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/top-hedge-fund-manager-turns-to-tech-micro-caps/article1884049/
P.S.- Please let me know what you think regarding your assessment of this stock? Also over at the Simba stockhouse message board the are some recent postings of some value along with all the usual nonsensical garbage you usually find on the stockhouse boards. Today, someone posted that Pinetree Capital bought a 10MM position in Simba