Daily Telegraph: City Comment: Cairn sucks Shell dry
Four strikes and Cairn hits big time
Traditionally, Indian elephants have big tusks and small ears. Now the big game hunters at Cairn Energy have discovered a new species, and it’s enough to send the company into the FTSE 100 index next month.
This elephant is black, rather than grey, and is under the ground rather than on it. It is, of course, a big new oilfield, and the timing could hardly be better. Cairn’s latest drilling report means that it has found nearly two billion barrels on just one-tenth of the area of its concession in northern Rajasthan. It plans to drill 15 more wells on the 5,800 sq.km block.
Cairn shares danced up to another new peak on the news and brokers are competing with their buy notes. They really like the shares, and don’t anyone dare suggest that a bullish note helps another part of the bank win the mandate to find a buyer prepared to pay billions (and fat fees) for Cairn.
Cairn is an “upstream” (exploration) company, so it will need a partner, at least, to exploit its new-found wealth. The downstream company that needs the oil most desperately is, of course, Shell, so Cairn’s success is doubly galling. Two years ago, Shell decided that the field was a white elephant and sold out to its partner, Cairn, for little more than the cost of the wells.
The elephant is a different colour altogether. Arrogance may allow a rival (Total?) to have first shot, but given its predicament, Shell cannot afford to be squeamish about elephant hunting.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2004/08/11/ccom11.xml#3
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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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