- Aziza has acquired a 20 percent stake in a Namibian hydrocarbon claim worth $100 million
- Hosting securitized tokenized investment fund to raise $60 million
- Plans to undertake $45 million, 10-well drilling program by year-end 2019
Covering roughly 27 million square kilometers, or 10 million square miles (http://nnw.fm/SXsi2), sub-Saharan Africa is the last unexplored frontier in the hydrocarbon world. Compared to Northern Africa and the Middle East, exploration activity in the region has been paltry. In Namibia, lying on the Atlantic, for example, less than 20 wells have been sunk over the past 50 years. Yet, despite this neglect by the majors (http://nnw.fm/HGma5), “The drilling that has taken place to date has demonstrated beyond doubt that the region has the potential to become a new petroleum province, with all the indicators of hydrocarbons – from source-rock to structural traps – being confirmed.”
Now, Aziza Project LLC is hosting a tokenized investment fund to invest in oil and gas businesses operating in Southern Africa. It is offering an asset-backed security token, the Aziza Coin, which is…
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