By Upstream staff
16 July 2007
Australia’s Nexus Energy has finalised the farm-in and joint venture agreements with Shell at the Echuca Shoals gas condensate discovery prior to the scheduled drilling of the Fossetmaker-1 well.
According to the farm-in agreement, Shell has made an upfront payment to Nexus of $5 million.
Shell will also fund the first $30 million of the Fossetmaker-1 well and has an option to fund the first $25 million of a second appraisal well in order to earn a 34% interest in the entire permit.
Following the conclusion of the farm-in , Nexus will retain a 66% interest in the permit.
The Echuca Shoals field is located in the WA-377-P permit in the Browse basin off Western Australia.
The permit is adjacent to the the large Ichthys gas condensate field, which is currently the focus of a proposed LNG development.
Drilling on Fossetmaker-1 is likely to begin in late August or early September.
The well will be drilled using the Shell-contracted Ocean Epoch drilling rig.
Nexus will remain the permit operator with Shell responsible for the drilling operations on Fossetmaker-1.
16 July 2007 02:59 GMT | last updated: 16 July 2007 03:45 GMT
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: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
