NOVEL NEXT Chapter 251 Billionaire
Beggar Gang Disciples upon hearing the command once again started the platform truck, drilling fiercely downwards.
As hoped for, before long, frequent development took place; at four hundred meters, the content of broken stones decreased, with the discharge of groundwater and large quantities of mud.
Old Karl couldn't help but advise, "We've reached the riverbed underground, if we continue, it might contaminate the oil. Even if there really is crude oil, the price will be heavily discounted."
Allen Zhang remained unfazed, "Continue."
Beggar Gang Disciples continued the operation, as the drill entered depths of 460 meters, 470 meters, 480 meters, the water flow and mud quantity soon diminished.
Wet soil started to contain black substances, and around a depth of 510 meters, large quantities of black mud sprayed out, mixed with pitch-black crude oil. Quickly thereafter, as if unlocking a vital passage, crude oil rushed out from the pipe, bursting forth in flood-like amounts!
"Boss! It's crude oil!" The sight made the Beggar Gang Disciples unable to restrain their shouts of joy.
Experienced Beggar Gang Disciples conducted an analysis from the quantity of the oil and reported, "This underground oil reservoir's reserves are not much less than another oil field, at least around 2 million barrels of crude oil resources. That's a value of one hundred million US dollars!!"
Old Karl witnessed the scene and he was numb.
"No, you actually found oil here?
Why? Does it make sense? 400 hectares of land, and there are two oil fields?
And each drilling is precise, respectively at around 160 meters and about 512 meters underground.
You, lad, have really hit it!"
The corners of Allen Zhang's mouth rose, forcibly suppressing his excitement, he ordered, "Let the platform rest and cool down, fill it up with fuel, and continue drilling elsewhere after half an hour."
Turning around, he walked to a side, sat on a chair, opened a can of Red Bull, and started to relax.
Inexperienced youngsters continued diligently filling and digging holes, while those who were discerning had already come over to help General Sect Leader by fanning, pinching shoulders, and pounding his back.
Old Karl also had to admire the General Sect Leader's luck and vision, "These two oil fields are enough to make you a billionaire, worry-free for the latter half of your life. Though, there will likely be quite a few troubles afterward."
"It's just two million barrels of oil reserves, they wouldn't go as far as forcing a buy or sell. In Kansas and Texas, it's full of private oil field owners, no accidents have been seen from them." Allen Zhang reassured.
Old Karl was somewhat conflicted and worried.
As he considered whether to contract out the oil field to make some quick money or to keep it in his hands to develop slowly, perhaps this is the worry of happiness!
Who says self-made billionaires don't have their struggles.
"If someone offers a reasonable price, you might consider selling one well. After all, the speed of oil extraction and realization is slow, just a few million US dollars a year. If the oil company can pay the account at once at a fair market price, selling to them isn't out of the question." Allen Zhang pondered.
"I think what you said makes a lot of sense," Old Karl agreed.
The young lackeys were also numbed.
Listen, such words! Just a few million! Incredible.
Perhaps this is the confidence of an oil field owner.
Allen Zhang also took out his cellphone to take some photos of the site and sent them to his close friends and family, informing them of the happy news of striking oil here, becoming a billionaire was now guaranteed.
His friends were all stunned, sending messages of congratulations.
Allen Zhang didn't show partiality: Everyone gets a share! You all are my family!
Upon saying this, it made his friends tear up even more. If not for the General Sect Leader's position being established, they almost wanted to take him as their godfather.
After about half an hour of site cleaning, Allen Zhang instructed the Beggar Gang Disciples to continue driving the platform truck, moving to another area.
Based on the intelligence indicating the geographical location, they marked the new mining area and started drilling operations underground around 850 meters deep.
Beggar Gang Disciples, now with ample experience, started to work, with drill bits penetrating the ground and dirt flying, soon reaching several tens of meters underground.
Old Karl was numbed by the General Sect Leader's decisiveness, waiting for the oil to emerge. Despite the discharge of groundwater and mud during the process, everyone present basically maintained their composure, their faces unchanged and hearts steady.
At 300 meters underground, they encountered broken stones. At 400 meters underground, they encountered an underground riverbed.
Drill bits continued to work nonstop, lasting until about 2 PM, reaching 800 meters underground. Allen Zhang, holding a take-out box with fried chicken and beer, cheerfully watched the drilling machine continue working, and soon the vigilant Beggar Gang Disciples noticed changes in the pipes, with brown-black liquid spouting out.
Quickly, they loudly alerted, "There's crude oil coming out!"
Allen Zhang put down his fried chicken and hurried over, witnessing continuous jets of crude oil spraying out.
The Beggar Gang Disciples also estimated the approximate amount of crude oil extracted.
"This oil field has at least 5 million barrels of crude oil. Its market value is at least 250 million US dollars. Coupled with the previous two oil fields, the three fields' total value is roughly around 500 million US dollars!"
Old Karl, upon hearing this, was greatly shocked, "That much?"
Allen Zhang also took a deep breath. Staying cool, just 500 million US dollars. Oil tycoons casually make billions of US dollars a year; the combined three oil fields still can't catch up to a real oil magnate.