Africa New Energies (ANE)

Compliance Team
Angels Den

Dear User,

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Compliance Team
Angels Den
cl@angelsden.com

I Agree

Not Now

AFRICA NEW ENERGIES (ANE)

Innovative oil and gas exploration company which aims to bring electricity to millions of Africans.

£ 563,631

0 Days left

113% of minimum goal raised

Brendon Raw

Minimum Target

£ 500,000

Minimum investment amount

£ 550

Maximum Target

£ 1,000,000

Maximum investment amount

£ 250,000

Investment Opportunity

Africa New Energies has a mission to improve the lives of millions of sub-Saharan Africans by delivering them electricity in an environmentally responsible way. The company is an innovative oil and gas exploration business. We start with a huge asset: a drilling concession in Namibia in territory the size of Wales which contains 32 potential natural gas and oil fields. A conservative estimate is that there are 1.6 billion barrels of oil in the rocks there. If we can prove that the energy is there and can be economically accessed we will have increased our value 600 fold and be sitting on blocks valued at $6.5bn/£4bn.

THE IDEA

Products & Services

In order to exploit this opportunity ANE has developed innovative techniques using new technologies which are far less expensive than conventional exploration methods and provide greater certainty of results. It has worked closely with both the Namibian government and the community to develop the project and even to use local knowledge to spot potential fields. If the Namibian project is successful the founders have identified 25 other concessions in the region they want to develop so that they may deliver further returns to investors – and provide much of sub-Saharan Africa with vital electricity for its citizens.

Problem Solved

Africa desperately needs natural gas, for a simple reason. 600 million people lack electricity and this is causing terrible poverty and chronic deforestation. Natural gas is the most cost effective base-load alternative as its capex is lower than ($0.80 per watt vs $5.00 for coal, $7.50 for nuclear and $15.00 for solar with batteries). This technology was designed to find hydrocarbons onshore in Africa, where little is known about that much of the geology. This means that the company can obtain vast acreage over entire petroleum systems at minimal cost and apply its low cost methods which are far more likely to result in drilling success.

Revenue Model

Exploration is similar to property development in that rights are acquired to land, it is invested in and then sold. Currently each prospective barrel is being valued at 1.5 cents, as it is not yet proven. On discovery - that barrel is reclassified to a contingent resource, where its value will be worth at least $3.00 – a 200 fold increase. This is based on detailed modelling at a $40 oil price, capital requirements and the fiscal terms inherent to the license agreement. Therefore if we are able to convert our 1.6 billion barrel prospective resource to contingent, the blocks will be worth more than $6.5 billion or £4 billion - in a target period of ten years, based on our modelled inputs.