The Guardian: Cairn raises £103m for exploration in India: “Cairn bought its assets in the province from Shell last year for $7.2m (£4m) and its stock price has more than tripled since”
Richard Wray
Saturday July 3, 2004
Cairn Energy, the oil exploration firm that has seen its shares more than triple in value this year, yesterday raised just under £103m to fund the continued development of its operations in Rajasthan, western India.
Cairn bought its assets in the province from Shell last year for $7.2m (£4m) and its stock price has more than tripled since it reported its first discovery there in January.
Yesterday the company raised £102.9m in a placing priced at £13.70 a share. At the start of the year Cairn’s shares were changing hands at less than £4 each.
The shares eased slightly early in the day on news of the placing but the evidence of strong demand from investors turned the tide and the stock closed up 10p at £14.20, valuing the business at £2.1bn.
Institutional investors jumped on board the placing because Cairn is widely tipped to join the FTSE 100 at the next reshuffle.
The company was so confident of demand that it did not use underwriters. It intends to use the cash to speed up its exploration in India and Bangladesh, especially in Rajasthan where its Mangala field is creating a lot of interest.
The company has five oil rigs in the region and expects to have further details of its exploratory drilling programme shortly.
Cairn has asked the Indian authorities for permission to extend its area of activities in the region and investors will be given a full update on the group’s progress on September 7 when it announces its half-year figures.
http://www.guardian.co.uk/business/story/0,3604,1253091,00.html
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
