OilWell successfully finished closed pre-sale stage

Oilwell Coin
1 min readSep 9, 2019

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As a result of a closed pre-sale on the SHORTEX exchange, OilWell got $335,000 (₽22 million) from venture funds and business angel groups from all over the world.

Previously, the founders of OilWell invested in the project $420,000 (₽27 million).

Here is how we have spent this money:
1. Gas and geothermal surveys — $180 000 (₽12 million)
2. Drawing up a project for exploration and its examination — $68 000 (₽4.5 million)
3. Inspection of the technical condition of previously drilled wells and roads renovation — $165 000 (₽11 million)

On September 16, OilWell starts depreservation and capital repairs of the 16th well of the Komsomolskiy field. Now we are finishing the preparations, and the open token sale is starting soon. Join us and invest in a real business!

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