Chapter 386 United Energy Group
The matter is here, and it is not over yet...
Next, Northern Natural Gas Company announced the suspension of trading and issued important disclosures, announcing that it would issue an additional 665 million shares. New shares to complete the wholly-owned acquisition of British Oil and Gas Investment Company.
This acquisition will await approval from relevant British regulatory authorities.
Before the suspension, the share price of Northern Gas Company was around 4.75 pounds, with a total share capital of approximately 478.5 million shares and a market value of approximately 2.273 billion pounds.
Based on this stock price, the market value of the British Oil and Gas Investment Company they merged into is about 3.16 billion pounds, equivalent to US$6 billion, which is the same price as the Pilot Group acquired 10% of the company's shares.
At this time, the largest asset owned by British Oil and Gas Investment Company is the 30% interest of Colo Petroleum Company. This oil company is preparing to exploit Block 1 of the Colo Offshore Oil Field with proven reserves. More than 500 million tons.
It can be said that the price of Northern Gas Company's acquisition of British Oil and Gas Investment Company was not high, and was even very favorable, so this merger was quickly approved by the relevant departments.
Afterwards, Northern Gas Company applied to change its name to United Energy Group (UEG), which includes oil development and natural gas pipeline networks.
After this reorganization, the total share capital of United Energy Group is approximately 1.1435 billion shares.
Among them, Caesars Fund holds about 421 million shares of the original Northern Gas Company, accounting for 88%, plus 598.5 million shares of the original British Oil and Gas Investment Company, accounting for 90%, for a total of 1.0195 billion shares, accounting for 10% of the total share capital of United Energy Group. About 89.15%.
American Vanguard Group holds 66.5 million shares accounting for 10% of the original British Oil and Gas Investment Company, accounting for approximately 5.8% of the total share capital of United Energy Group.
After completing the reorganization and being allowed to rename itself as United Energy Group (UEG) and reopening, it was positively affected by this, especially the fact that Colo Petroleum Company, in which United Energy Group held a 30% stake, was very active in its offshore oil field business. With considerable earnings expectations, its stock price rose directly from 4.75 pounds before the suspension to more than 7 pounds, an increase of more than 55% in one day!
The market value of United Energy Group has exceeded 8 billion pounds in one fell swoop.
Later, with the first exploratory well of Kolo Petroleum Company in Block 1 of the Kolo offshore oil field, oil was successfully produced at a depth of only about 800 meters.
And after testing, the crude oil mined in this block is light sweet crude oil. This kind of crude oil has a lighter density, lower sulfur content, higher oil yield, and is a high-quality oil.
Similar to this kind of crude oil, North Sea Brent crude oil is also a light, sweet crude oil and has become the pricing standard for the London crude oil trading market.
According to estimates, the daily output of this first oil well in Block 1 can exceed 10,000 tons during the initial eruption. It is indeed a high-yield well!
Affected by this news, and the subsequent oil testing of the second exploratory well was also very good, United Energy Group's share price rose again by more than 50% in the following week, close to 11 pounds, and its market value It's also over £12 billion.
Of course, this is another story.
...
"Baby, you look a little tired recently, you should take more rest..."
Hearing Barron's words, Bonnie leaned her head on his shoulder and whispered softly Said:
“Dear, you know I was a little busy a while ago. After all, it was my first time to deal with the acquisition of a company of this size. But it’s fine now. I can give myself two days off. "
What Bonnie is talking about is that in early March, her Giant Studio acquired Talkback THAMES, a well-known British independent production company.
This independent production company has produced many popular variety shows and television programs.
However, with the sudden emergence of many SDTV programs, including Summit Studio and Giant Studio, which have captured a lot of user viewing share in the variety show field, other independent production companies are also facing considerable pressure.
Now with the development of Giant Studio, programs such as "Strictly Come Dancing" and "Sparkling Life" produced by Bonnie and others are very successful. Next, while continuing these two shows, Bonnie had other ideas, hoping to produce a new variety show, so the current staff of Giant Studio was already somewhat insufficient.
In this case, acquiring other production companies has become Bonnie's choice, and the one she is interested in is TalkbackTHAMES.
After more than a month of negotiations, Giant Studio finally successfully acquired TalkbackTHAMES at a price of 65 million pounds. It can be said that for some time now, without Barron watching her in London, Bonnie has indeed been working very hard. She has to manage Giant Studio, plan new programs, and is busy with the acquisition of Talkback THAMES. She has almost turned into a workaholic. .
In the past two years, the field of British program production has indeed begun to change. Not only Bonnie's Giant Studio, but also Summit Studio, a subsidiary of Summit Media, has also made a series of acquisitions, including some Creative small and medium-sized independent production organizations will be brought under its umbrella.
Not only in the UK, Summit Media is already formulating overseas plans to acquire production companies in Northern Europe, Australia and the United States.
"You are so beautiful today, baby."
When they were ready to go out together, Bonnie changed her clothes and came down. Barron looked at her with deep appreciation in his eyes. she praised.
Hearing his words, Bonnie naturally had a sweet smile on her face, but she said coquettishly:
“Am I not always beautiful?”
The light green satin she was wearing The long skirt above can indeed reveal Bonnie's beautiful figure, and every move she makes is extremely elegant.
In London in April, the weather is still cold, but wearing a fur coat outside can block a lot of the coldness.
Today is a banquet held by the royal family. It is not small. Barron will bring Bonnie to attend.
"You will be the most dazzling presence tonight, baby."
Before getting out of the car, Barron kissed his girlfriend on the lips and said to her dotingly.
When they arrived, the banquet hall located in Buckingham Palace was already very busy.
There is no doubt that when the young and handsome Duke of Devonshire entered the hall with his beautiful girlfriend, he also attracted the attention of countless people.
Along the way, Barron also met many acquaintances.
"Barron, this may be the first time you have met, my son, Hugh, who has been attending boarding school before."
The Duke of Westminster walked to Barron with a boy .
"Hello, Hugh, what a handsome young man..."
Barron shook hands with the boy opposite and said to him with a smile.
Well, the Hugh Grosvenor in front of him inherited Westminster at the age of 25 after the current Duke of Westminster died unexpectedly more than ten years later. Special family, in his previous life, Barron also saw overwhelming reports in many Chinese reports such as "25-year-old inherits hundreds of billions of wealth, sits on half of London... blah blah blah".
However, the Hugh Grosvenor in front of Barron was still only 14 years old. Facing Barron, the youngest and richest Duke in England at this time, the young man still acted very shy.
Speaking of which, after April, this year’s various wealth lists have been announced one after another.
Thanks to Barron’s investment and holding of many industries in the form of funds and offshore companies, such as Rich23 Capital, Global Industrial Investment Fund (GII Fund) and Caesars Fund, etc., in those media and According to the agency's statistics, Barron's wealth has not increased significantly compared with last year...
Of course, it must have increased. After all, including Google, Summit Media, or others The companies he invested in or held were gradually listed on the market.
In the British rich list released by British media such as The Times and The Guardian, Barron has undoubtedly continued to retain the position of the richest man in Britain, continuing to beat Abramovich.
On the Forbes list of the world's richest people, thanks to the appreciation of the pound, Barron's net worth in US dollars has also risen relatively, ranking behind Bill Gates, Warren Buffett and Indian steel magnate Lakshmi Mittal. Later, he ranked 4th among the world’s richest people.
(End of this chapter)