By Upstream staff
A major shareholder of Canada’s Western Oil Sands has urged the company’s management and directors to consider the sale of the company.
“As a meaningful shareholder, we are officially requesting that management and the board of directors hire an advisor to seek alternatives to maximise shareholder value, and announce this to the public,” the letter, sent by shareholder Salida Capital, said, Canada’s Globe & Mail newspaper reported.
The letter,dated 20 September cited rapidly rising costs at the company’s Ahabasca oil sands venture, as well as the company’s plans to explore for oil and gas in Iraq, the newspaper said.
Western owns a 20% stake in the Athabasca project, where operator Shell has warned rising costs could hit expansion plans.
The company also surprised markets in May when it announced it would invest $45 million in exploration in Iraq. The news hit Western’s share price, which has fallen 5% this year.
Salida said the sale of the company would be well timed as foreign oil companies and large independents have expressed an interest in the company. Shell Canada paid $2.4 million to buy oil sands junior BlackRock Ventures in May, while France’s Total paid $1.7 billion for Deer Creek Energy, last year.
Salida suggested management consider either the sale of the complete company, the sale of its oil sands interests and the spinning off of the Iraq operations or conversion to a trust fund, the Globe & Mail reported.
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.
