Of course, the goal of corporate financing is to obtain capital, but a company like United Texas Oil Company is more about sharing risk, its parent company is a Fortune 500 company, and there is no shortage of capital at all, but this project still needs to be financed, or the business is handed over to ordinary investment banks to run.
As you can imagine, the prospects for the project are not very good.
When FT gets the new fund contract in place and the funds are in place, everything will fall into place.
With the money in hand, FT dispatched staff and insurance company personnel to the United Oil Company of Texas, and it was imperative to purchase equipment and continue the survey.
Lei Hao was right, as a major shareholder, he was able to speed up the work of the well-funded Texas Union Oil Company.
Petroleum exploration is a high-cost project, and in China, an oil exploration well can cost 30 million to 60 million yuan, depending on geomorphology, geology and other factors.
Texas is located in the southern part of the United States, bordering Mexico, and is a well-known oil-producing state, and in terms of topography, it is basically plain, and there are many oil companies here, and everyone has a lot of experience in oil exploration and extraction.
The geological survey and geophysical prospecting work has been completed, so the insurance company can use these data to underwrite the project, and after the funds are in place, drilling, logging, logging and other successive work will be carried out and prepared immediately, and the focus of the work of Texas Union Oil Company will change.
But gambling stones have the saying that the gods are difficult to break the jade, and oil exploration also has the matter of gambling oil and wells, before all the work is completed, everything is unknown, and you don't know that there is grade, grade, grade or V grade oil buried underground.
It was because of the fact that the United Oil Company of Texas did not understand Lei Hao's approach to the wronged leader, and when the director of Lei Hao sent to the United Oil Company of Texas 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 meeting time, as a director of the FT sent to the United Oil Company, after Sereno came to the conference room, the first thing he was greeted by Mr.
Smith's teasing.
Financial institutions generally hold shares in the entity, and when these shares reach a certain level, they will send personnel to the target company according to the contract, in order to avoid being deceived and obtain due rights.
Texas and Mexico are adjacent to each other, and FT is short of personnel, so Lei Hao chose to come and go, and chose Sereno, a subordinate of Mexican descent to do this American errand.
Yes, the expatriate director is a poor American, with two salaries, there are additional rewards after the project becomes profitable, and the task is not heavy, just to protect the rights and interests of the parent company, plus the prosperity of FT, Sereno, a 37-year-old financial elite, is full of ambition.
Unexpectedly, as soon as he arrived here, he was dismounted, and at the welcome banquet last night, the people of the United Oil Company of Texas teased him.
"Thatsa Dayght, I love the lively atmosphere of the company."
Sereno knocked out his teeth and swallowed blood, but there was a stiffness in his smile.
"D, the people on Wall Street are really different from us, I was going to ask Lena and them to apologize to you, it seems that Sereno, it's good that you didn't take it to heart."
Smith said this with a smile, and before Sereno could react, he called the meeting to begin.
With the injection of FT funds, the United Oil Company of Texas is in a stage of heavy workload, and at the meeting, everyone discussed almost all about surveying.
Although Serreno has made up for many oil exploration companies, he was still completely confused when he heard the data on geological reserves, oil-bearing areas, and effective thickness of oil layers.
Relying on the assistant's constant explanation, Sereno barely understood these things, but a trace of resentment inevitably rose in his heart, he knew very well that Lei Hao's premium was the reason why these people looked down on FT, and the oil company had the idea of treating Wall Street as the wronged leader.
In fact, the group of Texas Union Oil valued 20 shares at 200 million, and in the end they got $207.5 million, while FT is said to have paid $215 million, plus some options and other cooperation expenses, not to mention $220 million.
That's a premium of 10, not what the big head is What everyone doesn't know is that Lei Hao is snickering at this time, although there is an advantage in large transactions, but the four institutions such as Oasis Securities in the original time and space have sold the shares of 17 at a price of almost 200 million, and the information may be exaggerated, but how to say it can be 180 million or 190 million.
Even if calculated according to 180 million, 20's shares should be 211 million, and this is the financing amount obtained by Texas Union Oil Company, not including the profits obtained by four institutions such as Oasis Securities.
Lei Hao was originally ready to raise the price, but he didn't expect that he would get a price similar to that of the original time and space, which is really not a loss, but in fact, there is a variable in this that even he doesn't know.
The meeting continued, and Sereno also really felt the ridicule in the eyes of the people sitting in the table when they looked at him, but no matter how difficult the work was, it had to be carried out, and he could only smile.
But suddenly, the chairman and Smith's secretary seemed to have received some news, and after a trip, he brought a document and explained it in the boss's ear.
Sereno could see Smith's face suddenly turn very ugly, and then he heard a series of foul words from the other person's mouth "There is an extra layer of oil, and at this time you told me that there is an extra layer of oil" "Our financing has been completed, the drill bits are almost there, you tell me that there is an extra oil layer, do you know how much money the company is going to lose" "Damn, those pigs, those bastards, the exploration company must compensate us" Smith's sudden anger made everyone in the conference room inexplicable, but from his words, everyone heard some clues.
Suddenly, Sereno from FT felt that he was beginning to accept everyone's attention again, but this time it was not teasing, but also sighing and envious.
"Good news for everyone, the likelihood that we're getting grade and grade fritters has increased, and there should be more black cuties under the ground than we expected."
Smith suppressed his anger and spoke out what should have been the best news.
In other words, someone subconsciously opened his mouth, halfway through the sentence, but immediately closed his mouth.
The people of the United Oil Company of Texas all had a feeling of beeping dogs, they still felt that FT was a big wrongdoer, and they never thought that the other party's financing was actually too small Originally, it was a benefit that could be completely swallowed by the United Oil Company of Texas, but now it is divided by FT 20, and it is strange that this group of people is not depressed.
"Sereno, you're such a dew.
The financing plan is no longer a premium.
This is a loss for Union Texas Oil Company and a disaster for Keith of Oasis Securities
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