Business Overview
OilXCoin operates under a distinctive strategy that offers sustainable value by integrating the robust traditional petroleum industry with the cutting-edge potential of blockchain technology. This model is intended to deliver continuous economic resilience with a more limited exposure to external market conditions, thereby providing multiple layers of financial security through tokens linked to tangible real world assets and diversified funding streams.
DeXentra secures access to natural gas and crude oil reserves through competitive contractual agreements, such as pledge agreements or joint ventures. Known as "Gas-in-Place" (GIP) and "Oil-in-Place" (OIP), these resources are strategically extracted and sold over an extended duration —typically between 10 to 20 years. DeXentra intends to perform investments in advanced technologies such as nitrogen (N2) and carbon dioxide (CO2) injection and additional extraction infrastructure increase production volumes while minimizing environmental impact. Sales are intended to prioritize local refineries to optimize the regional CO2 footprint, and the majority of generated funds are reinvested into expanding operational capacity.
As of November 2024, DeXentra (via a subsidiary) has entered into escrow agreements related to the acquisition of working interests in leases relating to an estimated 275.000 barrels of audited Oil-in-Place. Due to the current build out of these leases, this amounts to a total P90 volume of 59.832 barrels. The acquisition of the working interests is subject to the payment of the purchase price by DeXentra (via a subsidiary). An additional 2.47 million barrels (P90 volume) are subject to an MoU (Memorandum of Understanding), with the acquisition of the oil field's working interests being subject to certain capital contributions. DeXentra will periodically publish updated numbers on its website.
DeXentra's investments and operations are further funded through the one-time sale of OilXCoin NFTs and OXC, and the ongoing levying of transaction fees (TF) via the Ethereum blockchain for use of the OilXCoin smart contract. Here a TF of 0.75% is applied to each on chain transaction (subject to certain exemptions set out in the OilXCoin's Terms and Conditions), with a minimum 70% of which directly allocated to the re-investment strategy. DeXentra may also perform treasury operations on OilXCoins on exchanges, which may also ensure the liquidity of the OilXCoin and be an additional source of funding for the Company.
This business model not only enhances financial confidence for investors by allowing the business to generate value from multiple sources, but it also creates synergies that bolster overall business resilience and growth potential. OilXCoin strives to be a resilient, innovative investment opportunity in both the traditional energy and digital asset markets, ensuring long-term value generation and robust investment security.
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