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679. Aussie Express!

Speaking of Australia, many people will think of kangaroos, sloths and other animals, as well as the warm sunshine, the endless prairie, and the herds of cattle and sheep.

Although the development history of this country is short, it can only be said that the legacy left by the British ancestors is too rich. As the latest land discovered in the world, everything here has been completely preserved.

With a population of more than 20 million, and a land area of ​​less than ten in the world, although a large part of the country comes from wastelands or desert areas, God really loves the people here too much, leaving them with unimaginable rich natural resources.

At the earliest, they could develop smoothly into a developed world economy by simply exporting wool, beef, mutton, and dairy products from countries such as Europe and the United States.

After entering the first decade of the 21st century, their economic development has embarked on an unimaginable fast lane. The reason why they can develop so rapidly is that they have taken the ride-shaking of the rapid economic development of China. They have relied on a large number of exports of various natural resources like China, so that they have achieved such economic development achievements.

When the Australians took the fast-moving express train of China Express, Li Yifan was thinking about how to get on their express train.

In the next few years, Australia's economic development has created a miracle. Originally, their biggest trade object was Britain, then Japan, and then the United States, but a few years later, their biggest trade object became China.

Because of their rogue methods, and the incompetence of some Chinese leaders, they can be said to be seeking and making unimaginable profits in their business transactions with China.

Such a smooth appearance made them even look a little disdainful of the foreign trade economy with the Americans. The exchange rate with the US dollar should have been fixed at one to two, and even reached one to one ten years later.

At that time, the Australians even planned to open up a channel for free exchange with the RMB, allowing the Chinese government to use RMB to pay for the Australian resources they wanted to purchase. Such a plan once made the Americans furious, and even took no hesitation to cause several senior Australian officials to step down.

After all, this country is a white Christian country. Although it is very enthusiastic about the economic development of China, it still has to give face to the sect leader country. So in the end, their two-faced actions left a very bad impression on the Chinese government.

Even Li Yifan’s impression of them is very average. It can even be said to be very bad!

In this way, he would cheat Australians a few times. Of course, he did not have any psychological pressure at all, and he even wanted to cheat Australians to vomit blood.

I thought about it and I had to do it. Anyway, I couldn’t acquire it privately, and Rio Tinto’s financing plan was progressing very badly. I couldn’t just leave the money in my hand. I should find a reasonable place to go, so Li Yifan moved this to the Australian territory.

It is said that Australia has abundant resources, but it is not entirely true. Although God has given them a lot of good things, there is one of the most critical things that they are extremely scarce. Such things are made into the blood of industry and are the most precious resource and oil in the world at present!

When I was watching the desert in the Middle East and could spray out a few oil wells with just digging, the Australians were also jealous. They used various means to find various talents and equipment to conduct large-scale research and investigations on local deserts and desert areas.

Even the British and Americans intervened in such an investigation. After all, this continent has more than 8 million square kilometers of face. Who knows what will be hidden underground here?

Such a land survey lasted for more than ten years and ended in the early 1960s. However, the results of the survey were very disappointing. Everyone turned the land to the forefront. Unfortunately, in addition to finding some minerals that everyone knew, many other minerals were also discovered, but they did not find the oil they wanted most.

So this country has since been labeled as an oil-poor country. Even so far, more than 95% of the country's oil supply still depends on imports from the Middle East.

The other 5% share is just the small oil fields found in their country on the edges of the country by some small oil companies, and the output of these oil fields can only be described as miserable enough.

With the development of technology in recent decades, the technology of offshore drilling platform has been continuously developed, and Australians have once again ignited their ambition to find oil. However, this time they have turned their attention to their own offshore generation, especially the offshore areas near the equator. After all, neighbors like Indonesia can drill oil wells from their offshore continental shelf, so why can't they?

So recently, a craze of exploration has begun to emerge in Australia's offshore sector, and many of the companies involved are actually some small Australian oil companies with speculative mentality.

Among them is an oil company called Dirham, which attracted Li Yifan's attention. The reason why he paid attention to this company was, on the one hand, because of its interesting name, and on the other hand, it was also because of this company, which later involved a high-level petrochemical industry in China.

Speaking of Dirham, there was also a glorious moment. This company was previously just a small local oil exploration company in Australia.

I have a few small oil fields that are not good or bad, but the daily output of those oil fields is really pitiful. The combined output of several oil fields is only about a few thousand barrels per day, which is supplied to Australia. Due to geographical advantages, they can still maintain their strengths in terms of transportation. They can survive in the gap between giants such as BP, Shell, and Mobil, and make some hard money.

Although it was listed on the Sydney financial market, their stock price has always been suppressed. The company's market value is even worse than the day Li Yifan mentioned before. It was a plate worth more than 100 million Australian dollars, and at the lowest point, it was less than 100 million yuan.

This company has had a little hard time recently. Some time ago, their exploration on the offshore of Darwin Generation failed and lost a lot of money. They had to mortgage a few of their company's previously not many refueling pipelines and gas station systems.

Now I heard that they are accumulating strength and planning to do a vote, but Li Yifan, who is a veteran, knows that this vote has made them develop.

This time they chose to conduct exploration off the coast of Perth. This time, they directly found two oil wells. When these two oil wells first broke out, they were all high-yield oil wells with a daily output of over 10,000 barrels.

This made the company's salt fish turn over. The company's stock price rose from one Australian dollar before finding the oil well to twenty Australian dollars in just one month, and the company's scale soared twenty times in one month.

Unfortunately, the good times didn't last long. After another month, the market suddenly broke out that their oil wells began to produce water and the output plummeted. The high-yield oil field, which originally produced 10,000 barrels per day, became a medium-yield oil field in which Nissan could only maintain about 4,000 barrels per day within a few months.

And their stock price instantly fell from 20 Australian dollars at its peak to 3.4 Australian dollars per share.

On the other hand, the situation of the two oil wells they just found is still deteriorating. If the company develops according to this script, the company will be dead. Even if they have other assets, they will be dragged to death by these two oil fields.

But at this moment, a sucker came to the door. The company was Huaguo Petrochemical. At this time, they actually purchased these two oil fields for US$560 million, or RMB 4.4 billion.

At that time, the Australians were simply stupid. They thought they were stupid enough, but they didn't expect that a big fool who was even more stupid than themselves fell from the sky!

So the Australian Foreign Investment Management Committee even approved the transaction at an unprecedented speed, took over the check from the Chinese, sold the non-performing assets, and made a fortune. The Dirham Company also came back to life, making the Chinese country go crazy and cry.

As expected, five years later, the two oil fields acquired by Huaguo Petrochemical were completely ruined, and even Dirham had a chance to escape. The other company simply delisted in the Sydney market. They changed their names and continued to operate their other excellent assets, leaving only a mess of Huaguo Petrochemical, staring at the two oil fields in a daze.

Of course, such news would not be widely reported in China. If Li Yifan had not participated in the investigation of the case and had read the internal information when he was studying the case before he went abroad to pursue the case, he would never have thought that Huaguo Petrochemical would have made such a ridiculous investment measure.

However, as long as you analyze it carefully afterwards, you will find that there are many internal strifes between senior company leaders, office politics, and leaders who have received black money simply don’t take state-owned assets seriously.
Chapter completed!
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