Daily Telegraph: After Shell, experts have Cairn over a barrel
“Watching the lawyers circling over Shell, the Cairn directors probably think that whatever DeGolyer charges, they’ve got a bargain.”
19 August 04
Consultants check Cairn oil reserves
It’s unlikely that DeGolyer and MacNaughton will discover anything very surprising when they pick over the records at Cairn Energy, the luckiest oil company of 2004. That’s not really why the firm (“Knowledge, Integrity, Service”, says its website pompously) has been brought in.
Cairn found oil in such quantities in Rajasthan that its interest in a single block has propelled the company to almost certain membership of the FTSE100 index at next month’s redetermination. Nobody seriously doubts that the oil is there, but after Shell’s shocker with its reserves, Cairn has sensibly gone for one of the best names in the business to check its drilling results.
DeGolyer boasts about its capability when it comes to “multidimensional, multiphase models of complex reservoirs” which surely should be a great comfort to the directors as they write the large cheque such capability commands.
Analysts, using a combination of Cairn’s published statements and the backs of envelopes, driven by the need to find a cheerful story for their clients in a becalmed stock market, have already done their sums. They reckon that Cairn has discovered around 1.85billion barrels of the black stuff.
Here’s a prediction, off the back of a chip wrapper: DeGolyer will conclude that there is between 1.5 and 2billion barrels discovered so far, and Cairn will conclude that the experts have done a fine job. After all, their real function here is not to find things that the roustabouts have missed, but to provide reassurance. Watching the lawyers circling over Shell, the Cairn directors probably think that whatever DeGolyer charges, they’ve got a bargain.
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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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