CityWire.co.uk: Shell draws a blank: “after drilling several unsuccessful wells”
By Dylan Lobo, Market Reporter
Posted 3 July 04
Shell faces a charge of £182 million in the second quarter after drilling several unsuccessful wells and completing extensive geological studies.
The failed wells were joint ventures with Enterprise Oil and include wells drilled in the North Sea and offshore Ireland. Shell (SHEL) said that reserves would be unaffected by the charge.
Shell offset the charge with news of the $530 million (£293 million) sale of Midwest refined product pipeline system and storage assets in the US to Buckeye Partners. The group also plans to sell its Peruvian service station network and industrial and marine fuels businesses.
Additionally, Shell was given the green light to explore the Pohokura gas field in New Zealand in which it has a 48% stake.
Shell said that the combined financial effect of the charges and the disposals is neutral. Shares in Shell were down 1.5p to 403.25p as investors digested the mixed news.
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.
