Digitizing Oil Campaigns

The future of Oil & Gas investing. Make sure to Get White-listed to get access to our Technical White Paper and a first-look at our MVP Prototype.

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About Us

PermianChain Technologies Inc. is a FinTech startup based in Toronto, Canada with presence in the United Arab Emirates through its joint venture with Permian Holding SPV Ltd., a limited company based in the Abu Dhabi Global Market (ADGM).

PermianChain signifies the recognition of the Permian Era, by harnessing blockchain technology to capitalize on the world’s fossil fuels by turning exploration and production campaigns into investable digital-assets. The PermianChain team is made up of ethical and competent professionals with expertise and backgrounds in Oil & Gas, Finance, Law, Investment Banking, IT & ICT, Blockchain, Data Science and Marketing.

Permian

Our Mission

To operate a blockchain enabled Platform-as-a-Service (PaaS) and Trust-as-a-Service (TaaS) for issuing digital-assets against proven oil exploration & production campaigns, allowing our stakeholders to benefit from increased transparency, efficiency and profitability.

Our Vision

To eliminate the high barriers to entry and introduce more sustainable financing & investment solutions for the exploration & production of proven natural reserves globally.

Permian Ratings

PermianCHAIN TECHNOLOGY

The PermianChain technology revolutionizes the oil & gas industry’s business model via blockchain.

Permian Token

The first Shari’a Compliant digital-asset designed to provide equity in proven oil campaigns in which the PermianChain platform approves. With XPR, we have created an innovative, new method of investing in oil and gas campaigns, increasing efficiency preserving wealth, and providing liquidity and transparency never-before-seen in the oil and gas investment space.

WHY THE Permian TOKEN (XPR)?

Here are some reasons why you should opt for Permian Token

Permian Exchange

Offers ongoing trading and liquidity for the Permian Token (XPR). Optimized with an exit facility for token buy-backs, which provides more convenient exit options for higher liquidity potential.

Permian
Permian

Permian Vault

An off-line crypto-account to preserve and safeguard your digital assets (compatible with all ERC20 tokens, Ethereum and Bitcoin).

What you get?
  • The most affordable crypto vault on the market.
  • A ready-to-use account without setup complications
  • A mechanism for retail and businesses to accept digital payments.
  • The ease of sharing accounts between family offices and/or small organization
Buy your Permian Vault today with any of the following payment methods

Permian Investor

Permian Investor – is your dedicated dashboard allowing you to manage direct investments in proven oil campaigns. The dashboard includes real-time charts, tracking of underlying reserves, metrics, key performance indicators (KPIs), and more.

Permian
Permian

Permian Supplier

Permian Supplier (XPS) – allows upstream companies to efficiently raise capital under a Security Token Offering (STO) framework. This optimizes business models for the development and production of proven reserves.

Permian Trader

Permian Trader (XPT) – allows midstream companies to buy reserves and track the progress of production, including rapid order processing, Smart Off-Take Contracts (SOTC), crypto-payments, and more.

Permian
Permian

Permian Messenger

Permian Messenger – is a fully integrated messaging system enabling communication between parties for more transparent and convenient commodity trading and deal-making.

Pipeline of Oil Campaigns

Sourced pipeline of potential oil & gas campaigns to be listed on the Permian platform.

Location Acreage Wells Total Reserves Potential
Permian Basin 49,000 Acres 440 Wells 211.2 million BOE
East Texas Basin 161,500 Acres 32 Wells 4.2 million BOE
East Texas Basin 161,500 Acres 47 Wells 7.1 million BOE
Louisiana 51,000 Acres 11 Wells 25.4 million BOE
*BOE : Barrels of Oil Equivalent

Our Roadmap

April 2018

The Permian Token (XPR) idea is initiated with the intent to eliminate high entry fees and that historically been a barrier to entry for direct oil & gas investments.

May 2018

First draft of the Technical White Paper is completed with the development, design and deployment of the Permian Token (XPR) Dashboard and XPR Wallet.

June - July 2018

Deployment of Permian Token (XPR) smart contract as an ERC20 token on the Ethereum network.

August 2018

Partnered with Gulf Energy Corporation Ltd. and Appointed Blockchain Developer Lead to start the PermianChain prototype and rollout of the MVP development stages.

September 2018

Completed Permian.io website with new branding, new message and a newfound mission to digitize the world's proven natural reserves. Updated the Technical White-Paper, drafted the Technical Architecture and technical development roadmap for the PermianChain platform

October - December 2018

Completion of PermianChain platform prototype, commencing of MVP development stages and appointing King & Spalding, a global legal specialists, for review and preparation of all disclosure documents and regulatory requirements.

December 2018

Commence due diligence on already identified proven oil campaigns. Finalized developer training with IBM Hyperledger Fabric team for PermianChain's MVP development..

January 2019

Completed all disclosure documents, investment strategy, corporate registration and legal review for the private placement offering. Signed Memorandum of Understanding (MoU) with VersaVault Inc., a subsidiary of a Schedule 1 licensed bank in Canada for digital custody integration on the PermianChain Platform. Received Shari'a Certification from Shariyah Review Bureau to recognize the PermianChain and Permian Token (XPR) as compliant with Shari'a law and ethical investment practice.

February 2019

Produced and launched the PermianVAULT, a dedicated hard vault for storing Permian Tokens (XPR) to secure transaction processes. Appointing placement agent and distributor and filing of the offering with the regulators.

Q2 2019

Deploy capital towards approved oil campaigns with over 2,000,000 Barrels of Oil Equivalent (BOE) in proven reserves. Open submission for oil exploration and production companies to list their proven oil campaigns.

Q3 2019 - Q4 2019

Integrate real-time video tracking of oil well drilling on the PermianChain platform allowing Permian Token (XPR) holders to track investment activity and development progress. Launch the Permian Exchange and Permian Supplier to provide liquidity to Permian Token (XPR) holders and allow for further listing of additional XPR on the PermianChain platform to represent investments in larger portfolio of approved oil campaigns.

Q1 2020 - Q2 2020

Secure partnership with petrol stations globally to create a utility currency to be used as a form of payment for more economic fuel consumption. Create the consumer's 'PermianCard' for the use of making payments and transactions, mainly at petrol stations globally.

Join Us On Telegram

Make sure to join our Telegram group below to get up to-date information and learn how you can become an early-adopter of our products & services.

TEAM MEMBERS

The Minds behind the PermianChain

Mohamed El-Masri

Founder & Chief Executive Officer

Michel Henriquet

Co-Founder

Roger Muniz

VP, Oil & Gas

Nazim Baghirov

Head of Business Development

Qusai Sharef

Business Development Executive

Clara Florey

Head of Communications

Magnus Allen

Communications Specialist

Dan Foley

Marketing Executive

Irina Sludneva

Investor Relations

Paresh Masani

Blockchain Platform Lead

Kamal Mustafa

Senior Data Scientist

Manan Jobanputra

Blockchain Developer

Jainesh Mehta

Front End Developer

Sagar Jobanputra

Platform Designer

INDEPENDENT DIRECTORS

Michael C. Creadon

Corporate Communications
CEO, 4Rev.com

Michael Pickens

Oil & Gas
CEO, Battiest Energy

Jamal El-Debais

Oil & Gas
Managing Partner - Energy, Nucleo

Yazan Al Nasser

Finance & Banking
Managing Partner - Finance, Nucleo

PERMIANCHAIN ADVISORS

Habib Huseynzade

Challenger Drilling Engineer, BP

James Stull

Partner, King & Spalding

Hayssam El-Masri

Senior Executive Officer, Ento Capital Management Ltd.

Gagandeep Singh

Investment Banker, Almora

Mufti Faraz Adam

Shariah Advisor, Shariya Review Bureau

PERMIAN PARTNERS

SERVICE PROVIDERS & ADVISORS

Media

FAQ

1 What is PermianChain?

PermianChain is a blockchain enabled FinTech startup company offering a Platform-as-a-Service (PaaS) for exploration & production companies (upstream) to launch their own Security Tokens against their proven oil campaigns. PermianChain also provides upstream and midstream companies a solution to trade commodities under a Closed-Loop-B2B-Exchange for more efficient and transparent trading.

2 What Problem is PermianChain trying to solve?

PermianChain is focused on solving the high barriers to entry in oil & gas investments while bringing increased liquidity to the industry. Many private oil and gas opportunities are structured with premiums and upfront fees. That means the advisors and brokers make most of the profit by just placing investors’ money in the deal. Not only does this mean fewer of each investor’s dollars go into the deal than in other structures, it means the offering company’s motivation is to fill the deal fast for fast profits. PermianChain solves the stagnation in private equity oil investments and allows for a more secure, transparent and liquid approach to investing in proven reserves.

3 How is PermianChain hoping to solve this problem?

Through the use of smart contracts, we can now replace paper and complex agreements that are cumbersome, difficult to transfer and can be hard to track for the average person and even for sophisticated investors. Our solution for commodity investing (mainly in oil) would be to switch to a digital system along the lines of Ethereum, but which represents equity in the proven reserves, starting with the PERMIAN Token (XPR).

4 Which blockchain networks are you using?

The PermaChain platform is being developed using IBM Hyperledger Fabric. Meanwhile token issuances are made using ERC20 standard on the Ethereum network

5 When will it be ready?

The protype is ready and available for platform prospects to view upon getting white-listed (see Get White-Listed button above). The MVP is under development and expected to be completed by Q2 2019.

6 Who is your legal counsel?

We are working with King & Spalding, a global legal specialist.

7 What is a Security Token?

Security Tokens are essentially financial securities and therefore, they are backed by tangible assets, profits, or company revenue. Security Tokens are subject to regulations in the issuers home jurisdiction.

8 What is the difference between Security Token Offerings (STOs) and the traditional capital market?

STO
- Micro-investments become possible (subject to regulations).
- Much more inexpensive to offer Security Tokens
- Online management of Investor communication and share registry possible
- Automated dividends distribution is possible
- Numerous customization options based on the need
- Open to worldwide markets (subject to regulations)
Capital Market
- Restricted to Accredited Investors and Venture Capitalists
- Costs could run into millions
- Maintaining ownership records is pretty outdated and expensive
- Sophisticated third-party vendors required to manage dividends distribution
- Pretty restrictive
- Geography restrictions apply

9 What is your strategy for the PERMIAN Token (XPR) to inrease token value?

Profits made from the oil reserves that are registered on the PermianChain are retained by the platform issuers to reinvest in further development and production of proven reserves to increase token value. Distribution of profits may occur at certain times, such profits will be distributed in form of ETH to PERMIAN Token (XPR) holders. This ultimately increases demand for the token on exhanges, increasing the price as we keep tokens scarce.

10 How will the funds raised from the PERMIAN Token (XPR) be utilised?

During the Security Token Offering (STO) period, the there will only be 1,000,000,000 tokens issued for sale out of the 10 billion tokens generated. 65% of funds raised will go into the acquisition of proven oil reserves, 20% of funds raised will be invested into further development of the PermianChain platform and invest into further R&D for Artificial Intelligence, Data Science and Blockchain. 10% of funds raised will be allocated towards hiring the best talent, maintaining administrative requirements, regulatory licenses, legal and related costs. 5% of funds raised will be dedicated for marketing and advertising efforts.

11 How do I buy PERMIAN Tokens (XPR)?

First make sure to submit the form after clicking the "Get White-Listed" button above. Once submitted, a member of our team will contact you to guide you through the process.

12 Is KYC required?

Yes, we have AML & KYC compliance policies and procedures that must be followed prior to approving your booking of PERMIAN Tokens (XPR).

13 How can I pay for tokens?

Purchase of PERMIAN Tokens (XPR) can be made with BTC, ETH or USD after completing the required steps with the issuing company.

14 How do the payments work?

You can add funds BTC or ETH to the wallet on the dashboard to purchase XPR or purchase via wire transfer directly to the Company after completing all compliance processes and procedures.

15 Do you have a wallet?

Yes, there is an e-wallet on the dashboard. PermianChain also offers PERMIAN Vault for token holders to store their digital-assets offline.

16 How do I add to my wallet?

Download the MEW/Metamask Wallet: XPR token address: 0xd639c50ae803ae2f2b1d536d3b57ab41cbb624f3 • Token Symbol: XPR • Decimals: 2

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