Chapter 386 United Energy Group

Things are 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 new shares to complete the wholly-owned acquisition of British Oil and Gas Investment Company.

This acquisition is subject to approval from relevant British regulatory authorities.

Before the suspension, Northern Gas's share price was around 4.75 pounds, with a total share capital of about 478.5 million shares and a market value of about 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 the British Oil and Gas Investment Company was a 30% interest in the Colo Petroleum Company. The No. 1 Block of the Colo Offshore Oil Field that this oil company was preparing to exploit at this time had proven reserves of 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. Therefore, this merger was quickly approved by the relevant departments.

Later, 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%.

The American Vanguard Group holds 10% of 66.5 million shares in 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 restructuring and being renamed as United Energy Group (UEG), it was allowed to open again. Affected by this positive impact, especially the extremely impressive profit expectations of Colo Petroleum Company, in which United Energy Group holds a 30% stake, in its offshore oil field business, its The 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 first oil well in Block 1 can produce more than 10,000 tons of oil per day during its initial discharge. It is indeed a high-yield well!

Affected by this news, and the subsequent oil testing of the second exploratory well, which was also very good, the share price of United Energy Group rose by more than 50% in the following week, to nearly 11 pounds, and its market value also exceeded 12 billion pounds. .

Of course, this is a story for another day.

…

"Baby, you look a little tired recently, you should take more rest..."

After hearing Barron's words, Bonnie rested her head on his shoulder and said softly:

"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 okay now. I can give myself two days off."

What Bonnie was talking about was that in early March, her Giant Studio acquired TalkbackTHAMES, 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 became Bonnie's choice, and the one she was interested in was TalkbackTHAMES.

After more than a month of negotiations, Giant Studio finally successfully acquired TalkbackTHAMES for 65 million pounds.

It can be said that there has been no Barron watching her in London for a while, and Bonnie is indeed working very hard. She has to manage Giant Studio, plan new programs, and is busy with the acquisition of TalkbackTHAMES. She almost has to turn into work. Crazy.

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, integrating some creative small and medium-sized independent companies. The production agency was brought under its ownership.

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 look 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 and praised her.

After hearing his words, Bonnie naturally had a sweet smile on her face, but she said coquettishly:

"Have I not always been beautiful?"

The light green satin dress she wore was indeed able to reveal Bonnie's beautiful figure, and every move she made was 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 hosted by the royal family. It is quite large. Barron will bring Bonnie to attend.

"You'll be the brightest thing tonight, baby."

Before getting out of the car, Barron kissed his girlfriend on the lips and spoke to her lovingly.

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."

The Duke of Westminster walked up 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 the Westminster family at the age of 25 after the current Duke of Westminster died unexpectedly more than ten years later. , Barron also saw overwhelming reports in many Chinese reports, "Inheriting a fortune of hundreds of billions at the age of 25, owning half of London... bah bah bah".

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, various wealth lists for this year were also 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 Caesar Fund, etc., in the statistics of those media and institutions, Barron’s Lun's wealth has not increased significantly compared with last year...

Of course, there must be an increase. After all, companies including Google and Summit Media, or the companies he invests in or holds, are all going public one after another.

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.