USA INVESTORS ONLY

AFRICA NEW ENERGIES 

THE JEWEL IN THE AZIZA CROWN 

THE FIRST AZIZA PROJECT START-UP

The first start-up being supported is Africa New Energies (ANE), which has title to a 22,000 km2 onshore prospective hydrocarbon concession in Namibia, a concession larger than Wales, along with supportive airborne data and geochemical evidence of hydrocarbons, both oil & gas. 

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The story continues...

ANE has also developed innovative exploration techniques needed to search for oil & gas across its Namibian concession at a third of the cost of traditional hydrocarbon exploration techniques, and with ten times the likelihood of success.

It was these favourable operating advantages that drew an unsolicited bid of $500 million in January 2017. The terms placed on the majority stake sale, however, were unfavourable to the sustainability of the concession and to the people of Namibia. The bid was, therefore, rejected and superseded by a more innovative and encompassing fund-raising model, the Aziza Project.

A successful ten-well drilling programme is the first step that will eventually help fund the construction of a hybrid gas-to-solar power plant that will supply low-cost electricity to the local grid. This will in turn deliver a massive stimulus to the Namibian economy, boosting job creation in the process.

Namibia will provide the proof of concept. ANE will then replicate the achievement in other countries across the continent, and in the process light up Africa and bring electricity to the 630 million Africans who currently have no access to the grid. The socio-economic impact of this will be monumental and unprecedented. 

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A CLOSER LOOK 

AT THE CONCESSION ECONOMICS 

The concession is on Namibia’s Eastern border. It’s referred to as 2219/2319 based on the grid references and is 22,000 km2 in size with 32 separate anomalies occupying a total area of 2,038 km2. 

An anomaly is an area which has measurable differences in vegetation, geochemistry, radioactivity of trace elements or changes in micromagnetic and electromagnetic fields when compared to the surrounding area. ANE exploratory research plus anecdotal feedback from local communities suggests these anomalies could be the result of seepage of hydrocarbons.

The concession has an unrisked mean prospective resource of 1,6 billion
barrels of oil equivalent. Our financial modelling indicates an enterprise value of between $1.5bn and $5.5bn based on the P90 (meaning a 90% chance of exceeding) and P10 (meaning a 10% chance of exceeding) net risked resource assumptions, with a mean valuation of $3.1bn. Of this 20% will be attributable to the Aziza Project and it’s token holders.

Whilst these are compelling valuations it must highlighted that this is a high risk, high reward investment and long term business case. The goal of the ICO is to raise $60m to fund a ten well drilling program but there will be additional funding requirements after this. However, being able to commence a drilling programme is a huge milestone and any sort of strike will be front page news. 

Read more here...

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Wimbletech, Wimbledon Hill Rd, Wimbledon, London SW19 7NB, UK info@aziza.io  |  Tel: +44 20 8123 1193