HOUSTON--(BUSINESS WIRE)--National Aten Coin (creator of the Aten Black Gold Coin digital virtual currency) announced today its participation in an oil and natural gas multi-well project that begins drilling in Southern Louisiana on August 15, 2014.
This transaction is unique as the joint venture’s managing venture partner, Tahoe Oil and Gas of Houston, plans to distribute proceeds from this oil and gas project in the Aten Black Gold Coin virtual currency, as well as U.S. Dollars. For those that are unfamiliar with virtual currencies, Aten Black Gold Coin is a recent entry into the explosive market of electronic money. The current largest distributor of cryptocurrency is Bitcoin, which was introduced to the market in 2009.
Tahoe Oil and Gas understands the need to adjust to 21st century technology.
“We know that virtual currencies are somewhat new and that when technology changes for the better, you must embrace and change,” said Tahoe Managing Director Jerrell Clay. “The same holds true for updating equipment and knowhow in the oil field.”
NATIONAL ATEN COIN has entered investment discussions with other oil and gas production companies that operate in Texas, Louisiana, Kansas and Oklahoma.
“We believe it is the right time to focus on the strong U.S. energy markets and NATIONAL ATEN COIN anticipates continued investments in oil and gas prospects for many years to come,” Aten Coin’s Managing Member, Richard Gray said.
About NATIONAL ATEN COIN
NATIONAL ATEN COIN is the creator of the Aten Black Gold Coin, which is a form of money (virtual and electronic) that uses cryptography (techniques used to secure communications) to control and manage its currency. Aten Coin utilizes a peer-to-peer electronic cash system to generate electronic transactions without relying on trust. NATIONAL ATEN COIN is located in Houston, Texas, U.S.A. For more information visit: http://AtenCoin.com.