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Post by Crude Oil on Sept 1, 2020 1:36:32 GMT
AboutCrude Oil New Zealand (public profile: click here to see) provides crude oil for other companies worldwide. We aim to be the 10th largest crude oil supplier in the market by the end of 2021. - 2020, August 27: Established, Crude Oil New Zealand
- 2020, August 31: Awarded "Certificate (gold) - the fastest growing company, by value" and "Certificate (silver) - 3rd fastest growing company, by assets" in "week 35 of 2020."
- 2020, August 31 - Quality 2 (Q2) Crude Oil researched
- 2020, September 1 - Forum account opened
- 2020, September 3 - Limited company
- 2020, September 4 - Production above 1,000/h
- 2020, September 7 - Sales surpassed $1,000,000/day
- 2020, September 9 - Became Supporter
Production
Crude Oil New Zealand currently is able to produce up to 38,232 Q2 Crude Oil barrels every day (24h), at a rate of 1,593/h, with $1,146,960/day in oil revenue potential from ten active Oil Rigs. We are aiming to expand Crude Oil production capacity to at least 2,000/h and research Q3 by next month.
Investors
Over 15 companies have invested in Crude Oil New Zealand by buying our bonds. We use bonds for production expansion (e.g. upgrading good rigs, prospecting) and inputs purchase, when required.
Contracts
Though we mainly sell Crude Oil through the Exchange, occasionally we do accept Supplier Contract requests via Message.
- DeWALT INC - 3,000 Crude Oil/ 24h
- Home Depot - 1,500 Crude Oil/ 24h
Income Statement (Sales and Gross Profit/day)
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Post by Crude Oil on Sept 1, 2020 4:57:58 GMT
September (10/09/2020) 24h production reportOil Rig #1 Oil Rig #2 Oil Rig #3 Oil Rig #4 Oil Rig #5 Oil Rig #6 Oil Rig #7 Oil Rig #8 Oil Rig #9 Oil Rig #10 Oil Rig #11, still prospecting
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Post by Crude Oil on Sept 2, 2020 2:11:21 GMT
--- Company update to Bondholders
2 September 2020, daily company update: Crude Oil New Zealand has upgraded three of its oil rigs today, increasing our Quality 2 (Q2) Crude Oil production capacity from 746/h (17,904/24h = $563,976/day in oil revenue potential) to 871/h (20,904/24h = $658,476/day in oil revenue potential).
Consequently, we have increased our short-term target (production capacity expansion) to increase production capacity from 900/h to 1,000/h before the end of next week.
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Post by Crude Oil on Sept 3, 2020 3:15:21 GMT
--- Company update to Bondholders3 September 2020, daily company update: Today, Crude Oil New Zealand has: - Upgraded its [93.80% initial abundance, 93.64% at present] Oil Rig to Level 4; and
- Successfully prospected a new [93.11% initial abundance] Oil Rig, as well as upgrading it to Level 2.
Thus increasing our Quality 2 (Q2) Crude Oil production capacity from 871/h (20,904/24h = $658,476/day in oil revenue potential) to 964/h (23,136/24h = $728,784/day in oil revenue potential). Consequently, we have increased our short-term target (production capacity expansion) to increase production capacity from 1,000/h to 1,200/h before the end of next week. Finally, we are happy to hear that DeWALT INC has entrusted us to be one of their suppliers, giving us the opportunity to supply them with 7,500 Q2 Crude Oil every day.
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Post by Crude Oil on Sept 4, 2020 4:32:08 GMT
--- Company update to Bondholders4 September 2020, daily company update: Today, Crude Oil New Zealand has: - Upgraded its [91.27% initial abundance] Oil Rig to Level 4;
- Upgraded its [93.11% initial abundance] Oil Rig to Level 3; and
- Built a new Power Plant, as well as upgrading it to Level 3.
Thus increasing our Q2 Crude Oil production capacity from 964/h (23,136/24h = $728,784/day in oil revenue potential) to 1,048/h (25,152/24h = $792,288/day in oil revenue potential). Furthermore, our new Power Plant has allowed us to reduce production "Cost per unit" by $2.05 for two of our Oil Rigs.
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Post by Crude Oil on Sept 5, 2020 3:21:43 GMT
--- Company update to Bondholders
5 September 2020, daily company update: Today, Crude Oil New Zealand has decided not to upgrade any building (besides our usual six prospecting per day), but instead concentrate fully on Crude Oil production for 24 h -- the reason being we are estimating that our Sales will go above $1,000,000/day.
And we'd like to see that happen, on our eighth day of running this company (Crude Oil New Zealand was established eight days ago).
Tomorrow, we will start our usual daily building upgrades for production capacity expansion again.
Finally, we are pleased to hear that Home Depot has entrusted us to be one of their suppliers, giving us the opportunity to supply them with at least 1,500 Q2 Crude Oil every day.
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Post by Crude Oil on Sept 8, 2020 4:14:13 GMT
--- Company update to Bondholders
8 September 2020, daily company update: Today, just 13 days since we were first established as a Sole Trader (27 August), Crude Oil New Zealand is proud to announce that we have surpassed the $1,000,000 Sales/revenue mark. We have also successfully prospected a new [92.33% initial abundance] Oil Rig, as well as upgrading it to Level 2. Thus increasing our Quality 2 (Q2) Crude Oil production capacity from 1,048/h (25,152/24h = $792,288/day in oil revenue potential) to 1,130/h (27,120/24h = $854,280/day in oil revenue potential).
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Post by Crude Oil on Sept 9, 2020 1:34:04 GMT
--- Company update to Bondholders
9 September 2020, daily company update: Today, Crude Oil New Zealand has: - Upgraded its [92.95% abundance] Oil Rig to Level 4; and
- Upgraded its [92.29% abundance] Oil Rig to Level 4.
Thus increasing our Q2 Crude Oil production capacity from 1,130/h (27,120/24h = $854,280/day in oil revenue potential) to 1,258/h (30,192/24h = $951,048/day in oil revenue potential). Consequently, we have achieved last week's short-term target (production capacity expansion) to increase production capacity to +1,200/h -- four days faster than originally projected! Finally, we are proud to announce that the Board of Directors of Crude Oil New Zealand has unanimously voted "Yes" to becoming a Supporter of Sim Companies!
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Post by Crude Oil on Sept 10, 2020 2:28:48 GMT
--- Company update to Bondholders10 September 2020, daily company update: Today, Crude Oil New Zealand has: - Upgraded its [92.92% abundance] Oil Rig to Level 5;
- Upgraded its [93.48% abundance] Oil Rig to Level 5;
- Upgraded its [92.26% abundance] Oil Rig to Level 5; and
- Successfully prospected a new [88.78%] Oil Rig and upgraded it to Level 2, which will be leveled up to a maximum of Level 3 and stay operational for three months, before finally being scrapped.
Thus increasing our Q2 Crude Oil production capacity from 1,258/h (30,192/24h = $905,760/day in oil revenue potential) to 1,512/h (36,288/24h = $1,088,640/day in oil revenue potential). We also still follow our strategy of prospecting for at least 4 Oil Rigs per day. This is what we call the "Crude Oil Growth" model, where a Crude Oil producer prioritise crude oil production growth/expansion (for future Sales and gross profit gains per day) over current Company Value (CV). We also develop our own, successful growth strategy, where we did not scrap "anything below 100%." We call our strategy the "85-90-95-100 growth" strategy.
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Post by Crude Oil on Sept 10, 2020 18:41:46 GMT
Income Statement--10/09/2020 (New Zealand)Income Statement from yesterday has been fixed.
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Post by Crude Oil on Sept 11, 2020 5:25:50 GMT
--- Company update to Bondholders
11 September 2020, daily company update: Today, Crude Oil New Zealand has: - Upgraded its [91.08% abundance] Oil Rig to Level 5; and
- Upgraded its [88.75% abundance] Oil Rig to Level 3.
Thus increasing our Q2 Crude Oil production capacity from 1,512/h (36,288/24h = $1,088,640/day in oil revenue potential) to 1,593/h (38,232/24h = $1,146,960/day in oil revenue potential).
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Post by Crude Oil on Sept 14, 2020 20:05:54 GMT
Out-of-Character information to forum readers: Hi, and sorry for not updating this thread for quite a while now. Making this thread and updating it everyday have been a lot of work and I'm busy in real life. Am I still making money? Yes, you can bet I am By next year/December 2021, (assuming I'm still following my current strategy of gradual Sales and Gross Profit growth), I'm estimating that my company CV will be at least $150 million. I'm also planning to buy SimBoosts at least once every month to make my company grow faster (and to support this amazing game!) I will be posting here and updating other people about the growth of my Crude Oil company again, but for now I'm taking a break from posting on the forum (I'm getting burned out haha) Edit: My plan is to post an update here once a week, instead of once a day like the past 11 days or so.
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