|ICO Time:||1 Aug, 2018 - 1 Sep, 2018|
|Country:||United Arab Emirates|
|Available for sale:||700,000,000 PMN|
|Pre-sale Price:||1 PMN = 0.7 USD|
|ICO Price:||1 PMN = 0.1 USD|
|Accepting:||BTC, ETH, Fiat|
|Soft cap:||15,000,000 USD|
|Hard cap:||60,200,000 USD|
Gulf Energy Corporation Limited (Gulf Energy)was formed in July 2012 to participatein drilling an exploratory well located in Texas, Haskell County.
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.
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.
Gulf Energy adapts a new business strategy to focus on mature hydrocarbon basins for potential horizontal well development.
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.
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.
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.
The Permian.io pre-sale is open leading to the Initial Token Offering (ITO).
The beginning of the ITO to sell up to 600,200,000 PMN at $0.1.
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.
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.
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