Interesting insights with Mohamed El-Masri, CEO, PermianChain Technologies Inc who will be speaking at the Monaco Blockchain Conference, May 31st. Book tickets here https://bit.ly/2JoHC3E and see more about the event here.
How was the last year, what worked well, what didn’t move as quickly as you would have liked?
The previous year was a tough market overall for digital assets and for capital raising. However, we were mainly working out our legal, regulatory and private placement disclosure documents as the madness and market challenges were unfolding. This allowed us to observe the market and perfect our offering to meet market demands and address market concerns.
Therefore, we took the decision to focus on self-funding and developing our technology to continue enhancing our product features and platform user experience prior to raising any capital. Which we have completed and were able to launch our MVP Prototype. We are now in Beta mode.
We officially set the stage for raising capital by launching our Private Placement Offering in March of 2019 where we received our first commitment from a UAE based company one week after launching and our second commitment a week thereafter which allowed us to close the first round of private placement. Our second round will open on May 15th and continue until end of June 2019.
What are your plans for the future?
As we have already secured over 2,000,000 barrels of proven oil reserves to be listed and registered on our platform, we plan to launch additional capital raises on the platform after closing our Private Placement in June to open the door to global professional and accredited investors to participate in our digitized oil reserves and oil producing assets. We plan to increase our reserves to 55 million barrels in proven reserves with daily production of 25,000 barrels of oil per day within the next 6 years, meanwhile working on expanding our platform user-base globally.
Join us and over 100 Blockchain Investors in Monaco for the most exciting Blockchain event this year! Pitch / Network / Learn / Discuss / 1:1 Ratio / Tickets Available https://t.co/lM9HngT3U6 – #Blockchain #Crypto #Monaco #Conference #Invest #STO #ICO #IEO pic.twitter.com/jZzrnQTzMl
— MonacoBlockchainConference (@TheBlockEvents) April 11, 2019
What will you be doing about at this event?
Our Team at PermianChain Technologies are developing Platform-as-a-Service (PaaS) with a private trust-protocol that uses blockchain as business model enabler to allow proof-of-data that focuses on digitizing private oil investments. We are attending this event to provide the Monaco Blockchain Conference attendees the potential access to a virtually inaccessible private equity asset-class that traditionally is exposed to long holding periods and complex high barriers to entry.
Our offering allows for the use of blockchain for transparency and the implementation of tokenomics for eliminating high barriers to entry, enabling investor inclusion and effectively providing efficient alternative investment solutions in proven oil reserves while facilitating a higher level of liquidity potential.
We are delighted to have @Permian_ joining us in Monaco for the Blockchain Conference – To come and join them and others why not head over to https://t.co/lM9HngT3U6 and get the last few remaining tickets today! #Oil #crudeoil #blockchain #Crypto #Monaco pic.twitter.com/NBmoubP9iG
— MonacoBlockchainConference (@TheBlockEvents) April 30, 2019
What inspired you to attend it?
My passion for unlocking potential naturally brings me to want to participate in the realm of higher socioeconomic environments. My personal mission to fostering a global virtual world where equality of opportunity and equality of possibility is attainable makes Blockchain technology very much an interesting societal and financial technology breakthrough. I see its potential to distribute new wealth. Cryptocurrency and digital asset-classes can make this possible. A decentralized autonomous world where we are all governed by a coded constitution that is tamper-proof and programmed with inclusion and consensus at its core. That is a world I want to be a part of and I realized what better to promote to people who can help make this possible at the Monaco Blockchain Conference.
Which influencers and websites do you follow to keep up to date with the latest developments?
- Tim Draper
- Alex Tapscott
- Don Tapscott
- Shane Kehoe
- Blockchain Research Institute
— Permian.io (@Permian_) April 19, 2019
How can people find out more about what you are working on?
Why does Permian Holding exist?
Investing in oil and gas has been significantly stagnated with high barriers to entry and in most cases is complex, slow and fundamentally inefficient.
Most private equity oil & gas alternative investment products have high upfront fees
Such Private Equity Oil & Gas investments are inaccessible to most investors
The Permian Holding private placement offering introduces an opportunity to turn private direct oil & gas investments into investable digital assets on a blockchain enabled platform which establishes an open, secure, transparent and direct oil and gas investment exchange under a regulatory compliant framework.
“With over 1.6 trillion barrels of proven oil reserves globally, the Permian Holding will allow investors the opportunity to own a share of the world’s proven oil reserves in the form of digital assets”.
What does Permian Holding do?
Permian Holding is dedicated to making direct equity investments in upstream oil production and Blockchain-as-a-Service technology to issue investable digital oil asset-class.
Permian Holding owns common interest in a Calgary-based E&P company with existing production in the East Texas basin which has produced over eight years of geological, geophysical, land and engineering work devoted to this prospect area which encompasses 161,500 gross acres.
With the advent of blockchain technology to the oil industry, Permian Holding is now in mature stages to digitize the value of its proven oil reserves by issuing a dedicated digital asset; the Permian Token; a shari’ah compliant digital asset which represents investments in proven oil reserves in which Permian Holding invests.
The Permian Token will be listed on regulated crypto exchanges to fuel growth and liquidity for prospective investors.
To transform private equity oil and gas investments into digital asset-classes that represent investments into proven oil reserves, allowing our team to provide more traceable, transparent investment for preservation of wealth and increased liquidity in a crypto-economic model.
To create a regulatory compliant alternative investment ecosystem into proven natural reserves under ethical investment practices by harnessing blockchain-related technology.
More about Mohamed El-Masri – LinkedIn Profile
Mohamed El-Masri, a Canadian national born and raised in Montreal, Qc. His vocation is to bring economic prosperity, equality of opportunity and equality of possibility to the entrepreneurially spirited, allowing them to thrive in the realm of global capitalism.
Mohamed earned his Canadian Securities qualification certificate from the Canadian Securities Institute (Moody’s Analytics Training & Certification Services), to continue his career in the Canadian Securities market at the time.
He later took his continued enthusiasm for investment management back to Riyadh, KSA as a Corporate Finance Officer at The Investor for Securities Co., one of Riyadh’s top investment firms at the time, which focused on alternative ethical (Shari’a) investment products managing almost $3.0 billion in Assets Under Management (AUM). During that time, he earned his General Securities Qualification Certificate (CME-1) with the Capital Market Authority (CMA) in Riyadh, Saudi Arabia.
Mohamed is also a certified member at the Chartered Institute for Securities & Investments (CISI), where he has attained his certification in Corporate Finance Regulations and is completing his Diploma in Corporate Finance as an added value to the competence and integrity he provides to his valued stakeholders.
Mohamed was a Guest Speaker at the World Islamic Economic Forum 2015 and a Panelist at the Global Restaurant Investment Forum where he discussed the issues around Mergers, Acquisition and valuations. Recently, he addressed a crowd of over 200 people at the Dubai World Blockchain Congress where he provided insight on Decentralized Autonomous World and its impact on money and business.
Mohamed has over 6 years of investment banking and corporate finance experience. He currently heads the Corporate Finance department for Ento Capital Management Ltd., a DIFC based Investment Bank. and has launched two Blockchain and FinTech ventures, including Permian Technologies Inc. a blockchain platform serving oil companies and oil producing economies to harness proven oil reserves with a crypto assets that aims at wealth preservation by its very nature.