Africa New Energies CEO Stephen Larkin declared that the ambition of his company was to light up the ‘dark continent’ during the Blockchain, Internet of Things and Machine Learning In Oil & Gas conference in Read more…
To bring transformative change in an ethical and socially responsible way.
Leverage local resources
Use natural resources like oil and gas reserves to benefit the communities that own them.
Invest in infrastructure
Use generated revenue to power positive social and economic change through job creation and infrastructure development.
Move towards self-sustainability
Continue to reinvest proceeds into developing renewable and sustainable energy alternatives for those communities.
Ground-breaking Namibia pre-feasibility study
Stephen Larkin secures funding to conduct a pre-feasibility study on how Namibia could electrify a country where a majority of the population has never had access to the grid.
Solar identified as best solution
Pre-feasibility study concludes that finding onshore natural gas, burning it to produce electricity, and using this revenue stream to fund a migration to on-grid and off-grid solar power is the best means of providing everyone with electricity.
Africa New Energies founded
Stephen Larkin and Brendon Raw found Africa New Energies to put the Namibia Gas-to-Solar strategy into operation.
ANE secures Namibia concession
ANE signs a Petroleum Exploration Licence with the Namibian government giving it exploration rights to a 22,000 square kilometre concession.
Pre-drilling programme begins
ANE begins a pre-drilling programme, collecting satellite remote sensing data, gathering information on hydrocarbon seeps, and carrying out geochemical sampling.
Potential new hydrocarbons province
Early-stage analysis concludes that Namibia has the potential to become a new petroleum province.
Fund-raising steps up
ANE embarks on the next stage of its fund-raising strategy to finance its Namibian drilling programme.
Gyrocopters to survey concession
ANE continues surface exploration, and working with a German manufacturer of Gyrocopters to survey the concession.
Unsolicited bid values ANE at $500m
ANE receives an unsolicited bid for 51% of the company from a US-based private equity firm valuing it at $500 million.
Launch of Aziza crowdfunding platform
Work begins in earnest to launch the Aziza cryptocurrency token to raise $60 million to fund a ten-well drilling programme.
Concession licence extended
Namibian government extends Petroleum Exploration Licence for another two years to 2020.
Aziza plans private-public token offering
Aziza to launch a private sale of tokens in September, with a public sale to follow.
Purchase of first Gyrocopter
ANE plans to buy a Gyrocopter by the end of the year to begin aerial surveying of concession.
Drilling to commence first half of 2019
ANE plans to drill the first of ten wells in the first half of the year.
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ANE feature on BBC Newsday:
"It's a blessing to make a change in my community"
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