Edited by David Litterick
Last Updated: 1:16am GMT 01/11/2007
Imperial Energy is one of several Western companies whose Russian operations felt the impact of the country’s sometimes erratic regulatory regime. The oil firm’s shares see-sawed amid threats that its operating licences would be revoked. But is the political discount weighing on Imperial’s shares about to ease?
As with BP, Shell and Peter Hambro Mining, Imperial has faced the wrath of Oleg Mitvol, the deputy head of Russia’s environmental regulator who has made a name for himself with his attacks on foreign resources companies. But two things would appear to be moving in Imperial’s favour – one political, the other operational.
On the political front, there are suggestions that Mitvol may have his wings clipped. But more specifically to Imperial, it is about to start turning its oil reserves into hard cash. Crude from Imperial’s flagship Maiskoye field in Siberia is now flowing into Russia’s Transneft pipeline system (in effect, the national grid) for the first time. It would be strange for Transneft to agree to this if Imperial was about to be shut down.
In addition, there is talk of Imperial doing a strategic deal with the regional government of Tomsk, which would further de-risk the company from political volatilities emanating from Moscow.
Finally, a recent production update on the Maiskoye and Snezhnoye fields has raised estimates by 33pc to 8,500 barrels a day. The company now looks well on course to beat its year-end production target of 10,000 barrels a day. As a result, and even given yesterday’s rise, the shares appear to have significant upside. With the usual Russian health warnings, buy.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/01/cxquest101.xml
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.
