Daily Telegraph: Cairn raises £102m for India field: “Cairn shares have more than tripled since January, and the finds on the former Shell site”
By Philip Aldrick (Filed: 03/07/2004)
Cairn Energy, the Scottish oil and gas exploration company, yesterday raised £102.9m to fund the development of its vast oil field in Rajasthan, northern India.
The cash was raised by way of a placing with institutions of 7.5m new shares at £13.70. The fundraising was twice oversubscribed and increased the share capital of the company by 5pc.
Cairn has made three major strikes in the 3,125 sq mile field and drilled 25 wells. Chief executive Bill Gammell said there was still “an awful lot of drilling to do. We’ve certainly got at least another 30 wells ahead of us.”
The £102m raised after expenses will help pay for the development of its two key finds, the Mangala site and an as yet unnamed site known as N-A. Drilling the wells and building the processing facilites to begin extraction is expected to cost about $500m (£275m).
Cairn is currently generating about $200m of cash a year and has a further $240m of loan facilities. Mr Gammell said: “With this placing, we’ve got enough to develop through to first production in 2007.”
Cairn shares have more than tripled since January, and the finds on the former Shell site in India. Yesterday they closed 10 higher at £14.20. The $500m is also expected to cover the cost of drilling new test wells, at a cost of roughly $1.5m each.
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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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