Partnering with the Aziza Project

The Aziza Coin is an asset-backed security token being issued by the Cayman Islands-based Aziza Project, and is compliant with the Ethereum blockchain’s ERC20 standard. The token derives its worth from the value of assets – including 20% of ANE – held by the Aziza Project. The Aziza Project, through the sale of Aziza tokens at an Initial Coin Offering (ICO) in the final quarter of 2018 – with a private sale beginning in September – is seeking to raise $60 million.

ANE’s ten-well drilling programme is a high-risk, high-reward investment and a long-term business case. Assuming the ICO is successful and the $60 million is raised – $45 million of which will be allocated to ANE – there will be additional funding requirements as the project develops. Being able to commence the drilling programme will, however, represent a huge milestone in the ANE story.