Permian (PMN) ICO Rating, Reviews and Details

Token Sale

Aug 1, 2018

Sep 1, 2018

100% completed

Raised funds - no Data

past

Token Details

Ticker

PMN

Accepted Currencies

ETH, BTC, FIAT

Company Details

Registered Country

United Arab Emirates

Additional Details

KYC

Yes

About Permian

Utilizing the economic-value of oil supply via blockchain to monetize proven undeveloped oil reserves.
The Permian-Chain technology funds the acquisition of proven undeveloped oil supply to generate early revenues for suppliers and provide higher discounts to buyers.

Democratizing the oil & gas direct investment sector in a crypto-economy.
The Permian Token (PMN) establishes an open, secure, transparent direct investment oil & gas ecosystem powered by Blockchain technology and the application of cryptography as a digital token.

Over 2.0 trillion barrels of oil recoverable globally.
The world has 70 years of oil left at today’s production rate of 30 billion barrels per year. Compared to the 1,300 billion barrels produced around the world in history.

Permian Roadmap

2012

Gulf Energy Corporation Limited (Gulf Energy)was formed in July 2012 to participatein drilling an exploratory well located in Texas, Haskell County.

2015

Gulf Energy participated in the field development of Alzey prospect located in the Northwestern part of Kentucky along the Ohio River in Henderson County. The Alzey prospect has a total of 407,699 barrels of known unrecovered oil to be produced from the formations.

2016

Gulf Energy purchased a percentage of Calston Exploration Inc’s common shares. Calston Exploration focuses on the East Texas Basins and has participated in drilling several horizontal wells.

2017

Gulf Energy adapts a new business strategy to focus on mature hydrocarbon basins for potential horizontal well development.

Febuary 2018

Gulf Energy appoints Ento Capital Management Ltd. to advise on and set up theEnto Energy SPV Ltd. to invest in oil producing assets with proven undeveloped reserves located in the Permian Basin.

March 2018

Under Ento Energy SPV Ltd. the team sourced several high-profiledeals in the Permian Basin and plans to invest up to $50 million in oil drilling projects.

April 2018

Ento Energy SPV Ltd., develops the Permian Token (PMN) to democratize direct oil & gas investments to allow crowdfunding solution for oil companies and alternative investment opportunities for the average investor.

May 2018

The Permian.io pre-sale is open leading to the Initial Token Offering (ITO).

August 2018

The beginning of the ITO to sell up to 600,200,000 PMN at $0.1.

September 2018

The beginning of a new Permian era.PMN token holders will receive access to the Permian deal flow on the user dashboard allowing them to track progress and participate in voting rights.

October 2018 - 2021

The funds raised from the Permian.io ITO are invested into the development of oil wells across the Permian Basin and the development of the PermianChain Technology.