ChannelNewsAsia.com: Shell cuts oil reserves for fourth time
Posted 25 May 04
LONDON: Royal Dutch/Shell restated its oil reserves for the fourth time this year.
The Anglo-Dutch group cut its proven reserves by an extra 120,000 barrels, taking the total reduction since January to 4.47 billion barrels, or over 20 percent.
Proved reserves as of the end of 2003 now stand at 14.35 billion barrels.
The latest change was linked to royalties paid on properties in Canada, Shell said in a statement Monday ahead of its annual report due to be published on Friday.
The Anglo-Dutch group has seen its reputation take a severe blow since first admitting in January that it had overestimated its proven energy reserves.
Several top executives including former chairman Philip Watts have been ousted amid an ensuing investor backlash.
Last month the group published internal memos and emails showing that senior executives were aware that the group was overstating the size of its recoverable energy reserves long before they told investors in January.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
