Hardy brought his team to Long Beach. Manager John was waiting there early. When he saw Hardy's team coming, he immediately stepped forward and opened the door of Hardy's car.
"Boss, you're here." John greeted respectfully with a smile on his face.
"Come on, take me to the oil well." said Hardy.
"Okay boss."
After a long journey, the crowd finally arrived at the oil well area. A tall iron frame stood there, workers were still busy, and there was an oil lake next to it.
John introduced excitedly: "Boss, this oil well we drilled is a self-flowing well. The oil quality is very good and the output is also very high. It can produce more than 5,000 barrels of oil per day."
Hardy made a mental estimate.
Now the price of oil is almost fixed at $2.5 per barrel, and this price will remain for about ten years. Based on 5,000 barrels per day, the annual output value of this oil well can reach about 4.5 million.
Of course,
There are still many costs that need to be deducted, but even after deducting the costs, half of the profit can be achieved.
More than two million a year.
It really doesn't matter to Hardy now.
But Hardy was still happy.
The emergence of this oil well made him interested in continuing in the oil industry. After returning to the company, Hardy thought about it and asked his secretary to find Armand Hammer's phone number and call him.
After the call was connected, the two exchanged a few pleasantries and talked about the black cattle they raised. Suddenly, Hardy changed the subject and said:
"Mr. Hammer, I bought a small oil company a few months ago. Just yesterday they drilled an oil well. The production is not bad, 5,000 barrels a day, and they can earn $4.5 million a year."
"Oh, congratulations, Mr. Hardy."
Armand Hammer congratulated him, but he didn't understand why Hardy suddenly mentioned the oil company to him.
"Mr. Hammer, are you interested in running this oil company with me?" Hardy invited directly.
Hardy wasn't going to waste time.
If Armand Hammer is willing to run this business with him, Hardy would be happy to find a business god to help him make money. If the other party disagrees, it doesn't matter, Hardy can actually run it himself.
Armand Hammer was surprised by Hardy's proposal.
After a few seconds, he asked, "Mr. Hardy, why did you suddenly invite me to participate in the oil industry? I have no experience in this area before?"
"feel."
"You know I have a lot of businesses, and I hope to find a partner to help run them. After meeting Mr. Hammer, I feel that you are very insightful in business and have a lot of experience. When I was thinking about how to run an oil company in the future, I suddenly thought of you, so I called to ask if you are interested in running an oil company." Hardy said.
Armand Hammer thought to himself, this is too casual.
Are you letting me, a person without any experience in oil business, run the oil business based on my feelings?
"I wonder how Mr. Hardy is prepared to cooperate?" Armand Hammer asked curiously.
"How about investing in the company? You buy a portion of the company's shares. I think 15% to 20% would be good. Then I'll give you 5% of the operating shares," said Hardy.
Hammer paused, "Mr. Hardy, I need to think about this."
"Okay, no problem. I'll hear from you."
After hanging up the phone, Hammer sat on the sofa for a long time without moving. Should he take this business?
He had no idea why Hardy had approached him.
He used to run a pencil factory and later ranched and raised cattle. He had never been involved in the oil industry, but after listening to Hardy's words, he was actually somewhat interested.
Why?
Now that his ranch business is on track, Hamer is a restless man without any feelings.
Hardy's proposal gave him the passion to start a new business.
One day later.
Hammer called Hardy.
"Hardy, I'm going to give it a try."
"Haha, welcome, I'll wait for you in Los Angeles." Hardy said with a smile.
Hammer quickly rushed to Los Angeles and met Hardy. The two went to the oil field again. After checking the new oil wells, Hammer decided to invest.
850,000 US dollars to purchase 15% of the shares and 5% of the management shares, and Armand Hammer became the company's CEO.
In the oil company office, the three discussed how the oil company would develop in the future. Hadi took out a map he had prepared in advance and pointed to a place and said:
"The Middle East is an oil-producing country, especially Saudi Arabia, which has vast oil resources. We can develop oil fields here."
Hammer and John were both stunned.
John said, "Boss, Saudi Arabia is basically occupied by several large British oil companies and Standard Oil. I'm afraid we can't squeeze in."
Hammer also said: "There is still a war in the Middle East. I'm afraid this is not the best choice?"
Hardy smiled.
"The war has nothing to do with us, so don't worry about it. As for the land, I think there is a good place, and it is empty now and no one occupies it." Hardy said.
"Where?"
Hadi pointed to an area on the map with the words "Saudi-Kuwait Neutral Zone" written on it.
"This is a desert and hilly area, with Kuwait to the north, Saudi Arabia to the south, and the Persian Gulf to the east. This land was a disputed area between the two countries, but now it has been determined that it has become a neutral zone. Both countries have sovereignty over the minerals here, which means whoever mines it gets it."
"This area is 2,200 square miles, which is enough for us to find oil. I hope you, Hammer, will go to Saudi Arabia and get the mining rights for this area from them."
Hammer thought for a moment, "Do you think there's oil here?"
"Someone has explored this area before and said it doesn't have the characteristics of an oil belt, but I think it should have."
"Why do you think so?"
"Intuition," Hardy said with a smile.
It was intuition again. Hammer thought to himself why Hardy always acted on his intuition. In fact, Hardy knew that a large oil field would emerge here in the future, making an American businessman a billionaire.
Originally, the man was just a small oil businessman. He spent 10 million US dollars and the share of production to obtain the mining rights in the neutral zone from Saudi Arabia, and finally became rich overnight.
Experts had conducted exploration here before. Based on their research on the faults, they concluded that there was no oil here, so all the big companies gave up on exploring and developing this area, which was a good deal for him.
now.
If Hardy can get the mining rights to this land before that person, then the billions of dollars in wealth will be his.
Finally, Hammer agreed to Hardy's proposal.
John continued to be in charge of domestic production, while Hammer took his assistant and prepared to go to Saudi Arabia to discuss mining rights with the Saudi royal family.
After finishing the business of the oil company, Hardy began to pay attention to the Wash Mine. In fact, the Wash Mine had been controlled by Hardy a long time ago. The reason why the name had not been changed was that he did not take it seriously. The reason why he sent Columbus to Australia to explore for minerals was that he thought they were too idle.
Based on later experience, he knew that the iron ore distribution in Western Australia was very wide and there were still many large mines that had not been mined, so he asked them to look for them.
But they unexpectedly gave themselves a surprise and found gold mines.
On the day he received the notice, Hardy asked someone to notify Columbus to come back and report to him in person. After two days, Columbus had arrived in Los Angeles.
At the headquarters of Hardy Group, Columbus was brought into the room by the secretary. Hardy looked at this guy, who still looked dusty and had a prospecting bag on his back.
"Boss, we found gold." Columbus said with a smile.
He put his backpack on the table, opened it and took out a few pieces of ore. Hardy picked up a piece and looked at it. Columbus explained to Hardy,
"This is gold ore. According to our experiments, the grade of the ore should be around 8 grams per ton, which is already considered a rich ore."
According to the standard, ore with a content of less than 3 grams per ton is considered medium-grade ore, 5 to 50 grams is considered rich ore, and super-rich ore is 50 to 500 grams per ton.
8 grams per ton is considered low-grade among rich mines.
"How big is the reserve?" Hardy asked.
If it is just a small mineral vein, then it has no mining value. You have to know that mining gold in the deep mountains and forests requires a huge investment.
"We have drilled five holes in total. This should be a large mine. We estimate that the reserves are more than 200 tons of gold. Of course, this is only a preliminary judgment. We still need to conduct large-scale and detailed exploration to finally determine the specific mineral reserves. Maybe there will be surprises."
Hardy picked up the stone again and took a look. It was just a pile of granite with occasional flashes of gold.
"Columbus, you did a great job on this. Each of you will receive a bonus, and you will definitely get the highest. Go back and have a rest. I will let someone else take care of the rest." Hardy said with a smile.
"Thank you, boss." Columbus left with a smile on his face.
Why do they suffer so much in the wild? Isn't it just to make more money?
After Columbus left, Hardy immediately called two vice presidents of Hardy Group, one named Jason and the other Andrew.
"Jason, I have a task for you. Walsh Mining has discovered a gold mine in Australia. Bring your lawyer with you and buy the land from the Australian government or obtain a mining license for the area," Hardy ordered.
"Okay, boss. I'll do it right away." Jason responded quickly.
"Andrew, you are in charge of financial investment. Once Jason has obtained the mining license, you will announce the news that Walsh Mining has found a large gold mine in Australia to push up the stock price."
Andrew nodded quickly.
If Andy were here, Hardy would only need to give him instructions, but now he has to do these things himself.
Hardy owns 91% of the shares of Wash. Mining. The current share price of Wash. Mining is $1.23. The current price is still due to its 20% stake in Rocky Mountain Mineral Water.
However, with the discovery of a large gold mine this time, I believe that the share price of Wash Mining will surely take off. Coupled with the publicity from newspapers, television, and stock anchors, it will surely become a star stock and be hotly sought after.
With the operation of the financial team, the stock price is continuously pushed up. Even if the gold mine is not mined, Hardy can make a lot of money. This is the charm of stocks.