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Chapter 569 Lucky Sereno

The goal of corporate financing is of course to obtain funds, but companies like Texas United Petroleum Company are more about sharing risks. Its parent company is a Fortune 500 company and there is no shortage of funds at all. However, this project still needs to be financed. The business is left to ordinary investment banks to run.

As you can imagine, the project prospects are not very good.

Once Forest finalized the new fund contract and had the funds in place, everything fell into place.

After receiving the money, Forest sent staff and people from the insurance company to the Texas Union Oil Company. It was imperative to purchase equipment and continue surveying.

Lei Hao's prediction was correct. As a major shareholder, he could speed up the work of the well-funded Texas United Oil Company.

Oil exploration is a high-cost project. In China, an oil exploration well costs 30 million to 60 million yuan, depending on factors such as landforms and geology.

Texas is located in the southern part of the United States, bordering Mexico. It is a famous oil-producing state. In terms of landform, it is basically a plain. Oil companies are densely populated here, and everyone has extremely rich experience in oil exploration and exploitation.

The geological survey and geophysical prospecting work has been completed, so the insurance company can use this information to underwrite the project. After the funds are in place, drilling, logging, logging and other work will be immediately carried out and prepared. The focus of the Texas United Petroleum Company will change. .

But there is a saying about gambling on rocks, and there is also a gambling on oil and wells in oil exploration. Until all the work is completed, everything is unknown. You have no idea whether what is buried underground is Level I, Level II, Level III or Level III. Class IV oil.

Therefore, Texas United Petroleum Company did not understand the behavior of Lei Hao, who had taken advantage of him. When Lei Hao's director assigned to Texas United Petroleum Company arrived, he was ridiculed by others.

"Sereno, I'm sorry last night, but the United States is a country of its own, what do you think?" It was another day of regular meetings. As a director of Forest who was assigned to Texas Union Oil Company, Sereno came to the conference room. , the first thing that greeted him was the ridicule of CEO Mr. Smith.

Financial institutions generally hold shares in real companies. When these shares reach a certain level, they will dispatch personnel to the target company according to the contract, in order not to be deceived and to obtain due rights.

Texas and Mexico are adjacent, and Forest is short of personnel. Lei Hao made many choices and chose Sereno, a Mexican subordinate, for this good job.

Yes, an expatriate director is a good job. He earns two salaries. There are additional rewards after the project becomes profitable. The task is not onerous. It is just to safeguard the rights and interests of the parent company. In addition, Forest is booming. Sereno, a thirty-year-old Seven-year-old financial elites are complacent.

Unexpectedly, as soon as he arrived here, he would be teased. At the welcome banquet last night, the people from Texas Union Oil Company played a trick on him.

"That's all right, I like the active atmosphere of the company." Sereno knocked out his teeth and swallowed blood, but there was a hint of stiffness in his smile.

"Good, people on Wall Street are indeed different from us. I was originally going to ask Lina and the others to apologize to you. It seems... Sereno, you just don't take it to heart." Smith said this with a smile. Before Sereno could react, he announced the start of the meeting.

After receiving the capital injection from Forest, Texas Union Oil Company was in a stage of heavy workload. At the meeting, everyone discussed almost all survey matters.

Although Sereno worked for many oil exploration companies, when he heard the data such as Q (geological reserves), S (oil-bearing area), H (effective thickness of oil layer), he was still completely confused.

Relying on the assistant's constant explanation, Sereno barely understood these things, but a trace of resentment inevitably arose in his heart. He knew very well that Lei Hao's price premium was the reason why these people looked down on Forest. The oil company had a certain mentality. The idea of ​​Wall Street being taken advantage of.

In fact, this is also the case. The Texas United Petroleum group valued 20% of the shares at 200 million US dollars. In the end, they received US$275 million. It is said that the price paid by Forest was US$215 million, plus Some options and other cooperation expenses were paid, at least US$220 million was paid.

This is a premium of 10%. What is it if it’s not a big deal?

What everyone didn't know was that Lei Hao was snickering at this time. Although there were advantages in large-scale transactions, four institutions including Oasis Securities in the original space sold 17% of the shares for almost 200 million. Maybe the information would It's an exaggeration, but it can be sold for 180 million or 190 million.

Even if calculated based on 180 million, 20% of the shares should be 211 million, and this is the financing amount obtained by Texas United Petroleum Company, and does not include the profits obtained by Oasis Securities and other four institutions.

Lei Hao was originally prepared to raise the price, but he didn't expect that he got a price that was similar to the original time and space. It was really not a loss, but in fact, there was a variable that even he didn't know about.

The meeting continued, and Sereno also very clearly felt the teasing in the eyes of the people sitting at the table when they looked at him. However, the work must be carried out no matter how difficult it was, so he could only smile in return.

But suddenly, Chairman and CEO Smith's secretary seemed to have received some news. After going out, he brought a piece of information and explained it in the boss's ear.

Sereno could see that Smith's face suddenly became very ugly, and then he heard a series of foul words from the other party's mouth!

"An extra layer of oil? Are you telling me at this time that there is an extra layer of oil?"

"Our financing has been completed, and the drill bit is almost there. You tell me there is an extra oil layer? Do you know how much money the company will lose!"

"Damn those pigs! Those bastards! The exploration company must compensate us!"

Smith's sudden anger made everyone in the conference room confused, but from his few words, everyone could hear some clues.

In an instant, Sereno, who came from Forest, felt that he was beginning to receive the attention of everyone again, but this time it was not teasing, but also sighs and envy.

"Let me tell you some good news. The possibility of us getting Level II and Level III fried dough sticks has increased. There should be more black cuties underground than we expected." Smith suppressed his anger and said what should have been great news. news.

"That is to say..." Someone spoke subconsciously, but immediately shut up in the middle of the sentence.

The people at Texas Union Oil Company all felt like they were being screwed. They thought Forest was being taken advantage of, but they never thought that the funds they paid for financing were... too little!

The benefits that were originally going to be completely absorbed by Texas Union Oil Company are now 20% divided by Forest. It would be strange for these people not to be depressed.

"Sereno, you are such a lucky man." Everyone joked with a smile. From now on, Forest's financing plan is no longer a premium.

This was a loss for Texas Union Oil and a disaster for Keith of Oasis Securities.

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