Terry Macalister
Thursday November 22 2007
Shell is to become a partner of Regal Petroleum, a company with an unfortunate history of legal wrangles, executive departures and dud wells. The Anglo-Dutch group has signed a deal to buy a 51% stake in Regal’s Ukrainian gas fields for $50m (£25m).
Shell will become operator and invest the first $360m to develop the Mekhediviska-Golotvschinska and Svyrydivske gas fields, whose ownership was recently the subject of a Ukrainian court challenge.
“The memorandum of understanding is another important step in Shell’s development in Ukraine,” said Patrick van Daele, general manager, Shell Ukraine exploration & production, which already controls other operations in the Dnieper-Donetsk basin where the Regal fields are located.
The Aim-listed Regal, founded by its former chairman and chief executive Frank Timis, received its production licence for the Ukrainian assets in June 2004, but in 2005 a Kiev court ruled that the licence was not valid.
Regal lost two appeals against the ruling before trying, with a British Virgin Islands-registered firm, Alberry, to try to get the licences upheld. Late last year, Regal announced all actions had been dismissed by the Ukrainian supreme court.
Regal has had a rocky ride with investors since early 2005 when it announced that a field off the coast of Greece, which it previously said contained significant resources, had shown nothing but water when drilled. Its shares fell 60% in a day.
Timis, a colourful Romanian with two convictions for possessing heroin in Australia in the 1990s, according to a Regal prospectus, remains that company’s largest shareholder.
http://www.guardian.co.uk/business/2007/nov/22/oil2
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.
