- Sub-Saharan
Africa is last unexplored hydrocarbon frontier
- Region
comprises an area larger than India, China and the U.S. combined
- Aziza
owns $100 million stake in Namibian hydrocarbon project
Pioneering outfit Aziza Project LLC is boldly going where
few have gone before by investing in oil and gas businesses operating in
sub-Saharan Africa, a vast underdeveloped sector of the hydrocarbon cosmos. At
stake are claims in Namibia valued at $100 million. Its investment approach is
also crossing frontiers, as Aziza is hosting a tokenized investment fund. It
plans to raise $60 million in capital through the sale of Aziza Coins, an
asset-backed security token compliant with the Ethereum blockchain ERC20
standard.
Sub-Saharan Africa is the last unexplored frontier in the
hydrocarbon world. It is a region of promise, if for no other reason than its
size. In total, the area covers roughly 27 million square kilometers, or 10
million square miles (http://ibn.fm/LUBBg),
and it includes those African countries south of the Sahara. This is a landmass
larger than the U.S. (3.8 million square miles), China (3.7 million sq. mi.)
and India (1.3 million sq. mi.) put together. Despite its immensity, political
and military turmoil have kept investment in the region by oil and gas
explorers down to a minimum. Sub-Saharan Africa’s oil production is a mere
seven percent of world output, and even the region’s top producers are minor
players on the global stage. Nigeria accounts for around three percent of
global oil output, while Angola produces about 2.5 percent. The rest of
Sub-Saharan oil production comes from around a dozen or so countries, including
South Africa, which contribute less than two percent of global supply.
Natural gas from sub-Saharan Africa is even less of a factor
in global supply. In 2014, the region accounted for a mere 3.19 percent of
global output, most of which (2.74 percent) came from Nigeria. However, large
finds like the 160 trillion cubic feet (TCF) of gas discovered in the Rovuma
Offshore Basin of Mozambique over the past decade signal that, in natural gas
at least, there is more to the region than meets the eye.
The Aziza Project is venturing into this vast uncharted
territory. It owns one-fifth of Africa New Energies (“ANE”), which has
concessions from the government of Namibia to explore for hydrocarbons
offshore. To commence its drilling program, the Aziza Project is out to raise
funds through the sale of Aziza Coins. The tokens represent an indirect fractional
ownership interest in the Aziza Project, meriting, perhaps, the term “digital
shares.” Aziza Coin holders, in effect, will own part of the Aziza Project and
will become economic beneficiaries, able to share in any of the profits made by
the organization.
ANE was founded in November 2012 to take up an offer from
the Namibian government to search for natural gas and other hydrocarbons. The
company initiated an exploration program that utilized a variety of innovative,
non-industry standard exploration techniques. ANE developed an algorithm that
analyzed multiple layers of data gathered from satellite, light aircraft and
ground surveys, for example. The techniques and data have since been
back-tested on thousands of proven wells around the world, with promising
results. The company believes that the back-testing and integration of several
layers of data has substantially improved the probability of drilling success
while reducing costs to around 10 percent of industry standard methods. Search
costs have also been reduced by enlisting the help of local communities, who
report natural spillages of petroleum.
This approach has yielded 32 potential oil and gas fields,
with potentially billions of barrels of oil equivalent (BOE). As a result, ANE
has applied for (and been awarded) further concessions on some of the most
advantageous terms that industry experts have seen in 40 years. Based on a
recent unsolicited offer, interest in the ANE claims are valued at $100
million.
For more information, visit the company’s website at www.Aziza.io
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