OilXCoin Expands into Trinidad and Tobago
DeXentra GmbH, the issuer of OilXCoin, has entered into a production sharing agreement (PSA) with New Horizon Exploration Trinidad and Tobago Ultd. (“NHE”) in respect of three onshore oil fields located in Trinidad and Tobago.
The PSA provides for DeXentra’s phased participation in the development of the relevant assets, subject to the satisfaction of agreed funding milestones, regulatory approvals, and the execution of definitive documentation.
The relevant fields have been reported to contain in excess of 200 million barrels of oil in place (OOIP), representing an estimate of hydrocarbons contained in the reservoirs.
NHE has operated onshore oil assets in Trinidad and Tobago for more than 25 years, including joint ventures involving the national oil company and operations in the Parrylands, Guapo, and Moruga West fields, with more than 110 onshore wells drilled across these assets.
The PSA and related licenses are entered into with the national oil company as counterparty and are subject to oversight by the Ministry of Energy and Energy Industries and other applicable authorities. NHE holds Safe to Operate and Work (STOW) certification and is expected to act as operator under the PSA, subject to ongoing compliance with applicable laws and regulations.
The PSA contemplates four distinct funding phases. Upon the funding and completion of each phase, and subject to the satisfaction of agreed contractual and regulatory conditions, DeXentra is expected to obtain rights to participate in production from specified wells, together with a right of first refusal to participate in certain further development activities within the three onshore blocks.
The initial phase is focused on a pilot enhanced oil recovery (EOR) program involving a hybrid thermal CO₂ and chemical injection process intended to generate technical data required to evaluate potential future field-wide EOR development. Funding of Phase 1 is currently targeted for April 2026 and is expected to involve aggregate consideration of approximately USD 1 million. Funding for subsequent phases is currently contemplated for Q3 2026, Q4 2026, and Q1 2027 and may involve aggregate consideration of up to approximately USD 8 million.
Upon the successful funding and completion of each phase and the satisfaction of agreed conditions, NHE is expected to transfer to DeXentra certain working interests in up to twelve specified wells across the three development blocks, subject to applicable governmental approvals and customary closing conditions.
These assets are intended to form part of the portfolio supporting OilXCoin. Based on preliminary internal assessments, the completion of the contemplated transaction phases is expected to increase DeXentra’s attributable production volumes relative to its existing Kansas portfolio, with the extent of such increase to be determined through independent technical evaluation and project execution.
Final paragraph – consolidated legal and cautionary disclosure:
This disclosure contains forward-looking statements and information based on current expectations, estimates, and assumptions, including statements regarding anticipated production, development plans, funding phases, potential increases in attributable production, and estimates of oil in place. Oil in place represents an estimate of hydrocarbons present in the reservoirs and does not constitute proved, probable, or possible reserves, nor does it imply commercial recoverability; the portion, if any, that may ultimately be recovered will depend on independent technical evaluation, regulatory approvals, and actual production results and may differ materially from current estimates. Such statements involve known and unknown risks and uncertainties, and actual results may differ materially due to technical performance, reservoir characteristics, regulatory approvals, commodity prices, financing availability, operational execution, counterparty performance, and broader market conditions. References to historical operations or experience are provided for context only and are not indicative of future performance. Nothing herein constitutes an offer to sell or a solicitation of an offer to buy securities or tokens in any jurisdiction, nor should it be relied upon as investment advice.