Africa New Energies Limited
www.africanewenergies.com
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Offer Information
Min Max
Investment Target £30,000 £150,000
Share Price £0.11 £0.11
Shares Offered info 272,727 1,363,636
Percentage Offered info 0.26% 1.28%
Shares Issued info 105,467,650
Pre-money Valuation £11,601,442
Share Type --
Minimum Investment £100.10
Tax Relief Available EIS
Sector Mining & Oil
Location London, United Kingdom
Company Number 08292371
Africa New Energies Limited
Africa New Energies holds an oil exploration license in Namibia, where it has applied its unique surface exploration method to identify a gross unrisked prospective resource of 1.6 billion barrels of oil equivalent.
About Africa New Energies Limited

Africa New Energies has created a surface exploration method that is poised to triple the probability of funding oil and gas for possibly as little as one tenth of the cost of our competitors.

The Board believes that an investment into the Company is a particularly attractive proposition. There are three main reasons:

  • ANE has been awarded, via its Subsidiary, a promising, exclusive 22,000 km2 frontier oil and gas Exploration Licence in Namibia
  • ANE pursues a cutting edge, risk reducing, proprietary exploration strategy based on direct hydrocarbon lead indicators obtained from an integrated array of low cost surface exploration methods
  • ANE has pioneered and successfully achieved the first ever international oil exploration project to receive UK Enterprise Investment Scheme status, which means that the tax breaks cover between 61.5% and 89.5% of losses for 45% tax payers, while all gains are tax free.

This combination of key differentiators, including the results of ANE’s initial surveying in the Namibian Exploration Licence, leads the Directors to consider that ANE is poised to triple the probability of drilling success at possibly as little as 1/10th of the cost of traditional exploration programmes.

The recently completed initial remote sensing survey of the 22,000km2 Exploration Licence has identified seven high quality anomalies extending across more than 2,000 km2. Exploration modelling suggests a gross, unrisked, mean petroleum resource potential of 1.63 billion barrels oil equivalent (recoverable prospective resources). Initial geochemical indications suggest that the hydrocarbons are in the form of light crude rather than gas.

Post placement, the Company will be valued at £13.3 million (120,467,500 shares at 11 pence). This could rapidly multiply with successful petroleum resource potential progression and de-risking, the addition of further anomalies to the prospect book and successful early exploration drilling. Upgrading of prospective resources to contingent resources - or higher categories of commercial petroleum reserves - on success, will provide excellent returns. 

Further information is available in the Business Plan (The Private Placing Memorandum (dated 2nd September 2014) can be obtained through the "Documents" tab by clicking at the Business Plan).




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Offer Information
Min Max
Investment Target £30,000 £150,000
Share Price £0.11 £0.11
Shares Offered info 272,727 1,363,636
Percentage Offered info 0.26% 1.28%
Shares Issued info 105,467,650
Pre-money Valuation £11,601,442
Share Type --
Minimum Investment £100.10
Tax Relief Available EIS
Sector Mining & Oil
Location London, United Kingdom
Company Number 08292371

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