The Reserve Oil & Gas Coin is a new cryptocurrency for the oil & gas industry. The ROC team will acquire oil & gas wells and pay an annual dividend to all coin holders/investors. The Reserve Oil & Gas Coin (ROC) combines the transparency of the blockchain with the stability of the world's greatest commodity, oil & gas. The ROC Coin will reflect the price of oil & gas reserves in real-time. We're building it on the Ethereum Blockchain platform and Internet of Things (IoT) sensing technology to verify oil & gas production, calculate reserves, manage logistics, and reduce cost an operations in real time.
The mission of The Reserve Oil & Gas Company is to be a growth-oriented industry leader in the energy sector and crypto-community that’s respected throughout the world for its transparency, efficiency, quality, competency, honesty and integrity of its people, operations, and business practices.
Our Core Values
Creating Accountability in the Oil & Gas Industry
We want to bring greater accountability and responsibility to oil & gas. Whether it's our reserves reporting, financials, non-operations audits, and oil & gas marketing. Ultimately, this protects consumers and all stakeholders.
The Reserve Oil & Gas Coin
The Reserve Oil & Gas Coin (ROC) is a new blockchain standard that will provide complete transparency to the oil & gas industry supply chain. The value of ROC will be backed by one of the world’s greatest commodities: oil & gas reserves. The ROC will reflect the price of oil and gas reserves in real-time and will be built utilizing the Ethereum blockchain platform. Coin holders will be able to transfer each coin on a peer-to-peer basis. They will be able to see firsthand the operations & processes of oil & gas projects on the blockchain.
The Problem with the Oil & Gas Industry: No Transparency
For years, the oil & gas industry has been like a black box. The life cycle of an oil & gas project is not transparent whatsoever. Everything from the acquisition of a well, to the drilling, operations, transportation, and even the closeout of a project is unclear. Investors in current investment vehicles, have no idea of what's happening real-time in an oil & gas project, until now. That's why we've created the Reserve Oil & Gas Coin.
Reserve Oil & Gas Coin Provides 100% Transparency
The ROC will use the blockchain to digitize oil & gas projects from the acquisition of a well all the way to restoration. We will be able to track every step in the oil & gas value chain and make it visible to everybody. Everything from acquisition, operational efficiency, transportation, logistics, and even the back-office processes of lease operating statements, cash cycle time, and payment tracking.
Reduce the cost for all parties involved in the transaction
Acquisition of New Wells Tracked on the Blockchain
Every time the Reserve Oil & Gas Team acquires a new oil or gas asset, it will go on the blockchain. Seeing each new acquisition on the blockchain adds a level of security for stakeholders.
Daily Operations are Now Fully Visible
We'll be able to manage operational efficiency more effectively. Monitoring the activity of each oil well in real-time allows us to verify that all downhole and surface equipment are operational & working at maximum/efficient capacity. We can also crosscheck well output and what is transferred into storage tanks. This adds an auditing and trust factor verified on the blockchain.
Every Barrel Produced Recorded in Real-Time
The price of a barrel of oil is recorded in real time along with the barrels of oil that have been pumped to storage daily. This way you can have price transparency in every barrel.
Delivery to the Customer is Monitored & Verified
When vendors transport oil to it's destination, we can crosscheck it with their storage tank. This is also monitored on the blockchain ledger. Both suppliers & customers can track and verify the movement of crude oil. This prevents shrinkage and ensures protection of assets.
ROC uses sophisticated Internet of Things (IoT) sensors to capture & analyze data from the oil drilling process in order to record it in real-time on the blockchain. The use of IOT helps us improve operational efficiencies of our existing oilfield assets & improve our operating margins.
Additionally, IOT allows us to track logistics in real-time when we transport crude oil from the fields to the gas pumps. With this data, we can shorten the time to deliver to consumers by:
Reducing drilling (days vs. depth) and completion time (flow back period)
Enhancing artificial lift (right timing and artificial lift equipment)
Coordinating transport (tank picked drainage frequency) through trucking & pipelines
Eliminating unnecessary paperwork by using the blockchain to verify transactions
The Reserve Oil & Gas Coin Value is Tied to Oil Reserves
The Reserve Oil and Gas Coin is the first step in transforming the oil & gas industry's business model. The ROC will be directly linked to our oil & gas reserves in real-time. This will help maintain
the price parity between Reserve Oil and Gas Coin in circulation and the underlying assets held in reserves. The ROC value will be tracked on the Ethereum blockchain protocol. Creating 100% transparency creates an environment of greater trust for investors to make well-informed investment decisions in oil & gas.
The Reserve Oil and Gas coin will be able to be traded peer-to-peer. The Reserve Oil & Gas Coin will greatly reduce transaction times and promote transparency, trade documents, shipment updates, deliveries, and payments. These are just a few of the items we will be sharing on the ledger, followed by many more.
It's a new standard within the oil & gas and crypto markets.
Why Invest in the Reserve Oil & Gas Coin Project?
MVG Energy Solutions Brings Oil & Gas Experience
The Reserve Oil and Gas Team has partnered with MVG Energy Solutions. They have a proven strategy of oil & gas drilling and a depth of expertise in this industry. They know the inefficiencies of the this industry and sees transparency as the path to greater value in the oil & gas industry.
By partnering with an established company like MVG Energy Solutions, we'll be able to jump right into existing projects. We'll digitize MVG's production, improve operating margins, increase reserves and ultimately increase value for every producing well. We will also give those shareholders a firsthand understanding of the process and implementation of the supply chain of oil and gas that digitalization has to offer.
Digital Tokens with a 20% Dividend
Reserve Oil & Gas Coin will share in the profits from the sale of oil and gas production as a 20% dividend of profits. The ROC is a digital token that will be backed by oil and gas reserves. The communication platform will allow you to see the active and inactive oil well count, daily production rates, the production uplift plans, schedule of work, the remaining reserves for each well, and the well operating & transportation cost to get to the open market.
Each year, we will pay a 20% dividend of free cash flow paid on an annual basis to all coin holders. After payout to coin holders, a 3% management fee will be paid to the Reserve Oil & Gas Management Team. The dividend is to encourage coin holders to hold their coins, and to promote stability in the coin's value.
Dividends will be paid in Reserve Oil Coin Dividend (ROCD) or Fiat cash. Every year 10,000,000 ROCD tokens will be distributed to all those who hold the Reserve Oil and Gas Coin. The percentage of Reserve Oil and Gas Coin (ROC) will be a direct correlation to the percentage of Reserve Oil Coin Dividend (ROCD) you receive every year. The Reserve Oil Coin Dividend funds will be kept in a separate account that you can access through the mobile app and in the future, your debit card.
Note: The Management Team will not receive their 3% until coin holders have received a 20% dividend.
The ROC Development Road Map
Initial investment capital will be used for Reserve Oil & Gas management, human capital, operating expenses, synergies, acquiring oil wells, development drilling, recompletions, implementing innovative technology to verify the wells efficiency and blockchain logistics. As the value of oil grows and our oil reserves grow so does the value of the Reserve Oil and Gas Coin.
After the Initial Coin Offering, no additional coins will be created unless asset diversification is needed to minimize risk. This will limit the risk of inflation and large swings in the crypto markets. This will also preserve the wealth for all investors by limiting the coins in circulation and add value as the oil and gas assets grow. All of this will be recorded electronically on the blockchain ledger.
This offering is in the form of a Simple Agreement for Future Tokens (SAFT). You're investing in future tokens that will convert into ROC (Reserve oil coins) upon the launch of the ROC Network. 1,070,000 Future Tokens will be available for sale to investors at $1.00 per token.
When you invest in this SAFT, you will be given a 40% Discount Bonus in Tokens for your money invested.
Price Per Token
Example Math of Investment Discount:
Investment Amount / (Price Per Token *(1- Bonus Discount Rate))
For example, if you invest $10,000 during Phase 1 @$1.00 per token with a 40% discount bonus, the math goes as followed:
$10,000 / ($1 * (1-.4)) = 16,666.67 tokens
The Reserve Oil & Gas Coin Team’s future tokens must be held for a minimum of 12 months before it can be resold on the ROC market amongst peers or
Meet our Team
Donald “Don” Glover, COO, has over 29 years of oil and gas operating experience, Don has a track record of building and managing teams across diverse disciplines to achieve results. Don is a US Army veteran (1st Lieutenant – ret.) with an MBA from Rice University’s Jones School of Business and a Chemical Engineering degree from Oklahoma State University. His experience also includes both on and offshore drilling, completions, and production operations throughout the value chain which encompasses exploration, appraisal, development, harvest, and abandonment.
Harold Thomas, CEO, has worked in the oil and gas industry for over 15 years. Harold has depth in oil production operations. He's worked for Lubrizol Corporation, responsible for the safe startup, shutdown, maintenance and operation of production equipment. He is also responsible for verifying that all equipment and electronic sensing devices such as flow meters, level indicators, temperature indicators, automated valves, pneumatic instruments are working properly. Harold is a Houston Texas native and attended Morehouse College where he majored in Business Finance.
Richard Buckner has over 35 years of oil and gas operating experience, an expert in Oil and Gas Production and Operations, with a Mechanical Engineering degree from the University of Arkansas. Nine (9) of his 35 years in oil and gas was spent overseas in Norway, UK, Africa and Venezuela. As President of Chasco in Lavonia Michigan, he manufactured 48% of all coil springs utilized by General Motors. As President of Turbine Airfoil Designs, he manufactured and supplied thousands of parts to GE and Pratt Whitney. His experience also includes on and offshore drilling, completions, and production operations, which encompasses exploration, appraisal, and abandonment. Richard is a leader in the Management of Change process which streamlines processes and eliminates waste.
Emanuel Guidry is an Oil and Gas Operations Subject Matter Expert (SME) with over 40 years of experience. His experience includes the Management of Production, Drilling and Completion personnel. He's worked in Oil & Gas his whole career in North and South America, throughout the Gulf Coast and in Columbia & Peru doing on-shore & off-shore Production Engineering and Operations. He's worked for Chesapeake and SK E&P Company. He's also worked for ConocoPhillips (COP) and Lower 48 Engineers and Technicians. Emanuel has Six Sigma and 4DX training and holds a BS degree in Petroleum Engineering from the University of Louisiana at Lafayette.
Compliance: This Offering is Made Pursuant to Regulation CF
The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission have said digital tokens are securities and are subject to all laws pertaining to them. The Reserve Oil & Gas Coin Team will utilize The Securities and Exchange Commission’s Regulation Crowdfunding under the Securities Act of 1933 and the Securities Exchange Act of 1934 to implement the requirements of Title III of the Jumpstart Our Business Startups (JOBS) Act.
We will be working with Wunderfund who as a registered funding portal will enable this fundraise to be compliant with the rules and regulations that have been set forth by the SEC Reg CF. Crowdfunding requires all transactions under Regulation Crowdfunding to take place online through an SEC-registered intermediary Wunderfund, a funding portal. North Capital will be the third party escrow agent that will hold funds in escrow. Investors in this offering will be required to undergo a Know Your Customer (KYC) and Anti-Money Laundering AML) background check in order to be compliant with the Bank Secrecy Act.
No funds will be released until the minimum funding target has been reached and notification to commited investors confirming ownership has occurred.
This offering is available to all US investors & International Investors
All offers, and sales of securities must either be registered with the SEC or there must be an available exemption from such registration. This statement applies to cryptocurrency securities in the same manner it applies to all other securities. In addition, participants in ICO’s are subject to federal securities laws to the same extent they are in other securities offerings, including broker-dealer registration requirements.
RESERVE OIL & GAS COIN: Digitizing Oil & Gas with Crypto has made the following updates:
Q. What is the Reserve Oil & Gas Coin Project?
The Reserve Oil & Gas Coin Project will utilize Internet of Things(IoT) technology and combine the stability of the oil and gas industry with the transparency of the Blockchain. Oil and gas reserves will be directly tied to the coins value and an annual dividend will be paid to all coin holders.
Q. What is the projected dividend that will be paid to all coin holders?
A 20% of free cash flow will be paid to all coin holders on an annual basis.
Q. What is the average lifespan of oil & gas fields?
Based on current market values and technology, oil and gas fields generally have a lifespan of 25-30 years, from first oil to abandonment. Production can last 50 years or more for the larger oil reserves.
Q. Can I invest using fiat (U.S. Dollars) money or Cryptocurrency?
Yes, you can invest using traditional means via wire transfer, check or debit card or you can invest using Bitcoin or Ethereum.
Q. Can I receive my dividend in U.S. Dollars or Cryptocurrency?
Yes, you can receive your dividend in U.S. Dollars or Cryptocurrency via the Ethereum Blockchain.
Q. Does the Reserve Oil & Gas Coin Project break any financial laws such as securities laws?
NO!! The Reserve Oil & Gas Coin Project is making this offering pursuant to Regulation Crowdfunding, Title III of the US Jobs Act.
Q. How does the Reserve Oil & Gas Coin get its value?
The Reserve Oil & Gas Coin’s value is tied directly to the oil and gas reserves held by the company. The more oil and gas wells that are acquired, the more value the coin has.
Q. How will The Reserve Oil & Gas Coin gain true lasting adoption?
The Reserve Oil & Gas Coin will have true lasting adoption by creating a new source of income via the information and data that is collected from the Internet of Things technology. It will also give investors transparency in the oil & gas sector and create a new token economy. Blockchain technology will allow real world assets like oil and gas, to be transformed into secure digital assets
Q. How can I use my Reserve Oil & Gas Coin in the future?
In the future the value of your Reserve Oil & Gas Coin will be directly linked to a debit card with a Visa or Mastercard logo. Each coin holder can receive their own debit card and e-wallet app on their mobile phone to know the exact value of their investment. Investors will also have access to multiple vendors (i.e. hotels, airlines, gift cards, restaurants, car rental, retail stores etc.) where they can shop with and receive a discount. The Reserve Oil & Gas Coin can also be traded on a peer-to-peer basis.
Q. What is a smart contract?
A smart contract is a programmable agreement between parties that will execute as expected without one needing to worry about outside influence.
Q. Will my Reserve Oil & Gas Coin be taxed?
This depends on your country’s laws. According to the IRS (Internal Revenue Service), a U.S. government agency, virtual currency investments will be treated as capital assets and the gains are taxable. Please consult with a CPA (Certified Public Accountant) for tax advice.
Q. What will the Reserve Oil & Gas Project Team do with my investment?
The Reserve Oil & Gas Project Team will focus on exploration & production, drilling oil and gas wells, and producing and selling those materials to be refined later into products like gasoline.
Q. Why is oil and gas so important?
Oil and gas is the lifeblood of the industrialized nations. It is the world’s most important source of energy.
Q. How much oil does the world use a day?
As of early 2015, the IEA Oil Market Report forecast average demand for the year of more than 93 million barrels of oil and liquid fuels per day worldwide. That works out to more than 34 billion barrels a year, with January 2017 production totaling just over 99 million barrels per day.
Q. What is oil used for in everyday life?
Oil and gas products are used daily in modern life. Oil fuels the cars, trucks and planes that drive modern economies and lifestyles. By-products from oil refining are used in the production of plastics and chemicals, as well as many lubricants, waxes, tars and asphalts.
Q. How much oil does the average person use a day?
If you're in the United States, that figure is approximately 2.5 gallons of crude oil per day; roughly one barrel every seventeen days; or nearly 22 barrels per year.
Q. Will we run out of oil?
Global reserves could almost double by 2050 despite booming consumption. The world is no longer at risk of running out of oil or gas. With existing technology capable of unlocking so much, global reserves would almost double by 2050 despite booming consumption.
Q. How long will earth’s natural gas last?
The United States alone has enough natural gas to last 90 years.
Q. Which country has the most oil reserves 2017?
United Arab Emirates
Like all campaigns on our platform, if RESERVE OIL & GAS COIN: Digitizing Oil & Gas with Crypto does not reach its funding goal, you will be notified via emails from both Wunderfund and the issuer and receive a full refund for your investment (minus any escrow operation fees with said issuer). For more information, please check out our risks and cancellation information in our FAQ.
Check out our Form C filed with the SEC for their important documents like financial statements, Directors, Officers, current shareholders with more than 20% of voting rights, and more.