Mon Nov 26, 2007 4:48 PM GMT
(Recasts with chairman’s comments, updates shares)
LONDON, Nov 26 (Reuters) – Czech-based MND Exploration and Production will not table a new offer to Regal Petroleum Plc
“MND Exploration and Production is not considering submitting a new bid to Regal Petroleum Plc now,” said Miroslav Jestrabik, chairman of MND’s parent company KKCG Oil & Gas in a statement translated from Czech.
KKCG Oil & Gas is part of privately owned KKCG group.
“We announced our decision last week and this remains in place regardless of information that talks between Regal Petroleum and Royal Dutch Shell have been ended.”
MND said last week it had decided not to pursue an agreed joint venture with Regal. It announced this the day after Regal said it had signed a deal with Royal Dutch Shell
Earlier on Monday, MND’s UK-based general manager told Reuters MND would consider its options in the next few days, and could go back to the negotiating table.
MND tabled an agreed proposal in September for a $330 million 50/50 joint venture with Regal for its Ukrainian gas fields.
Royal Dutch Shell
Regal has had a rocky ride with investors since early 2005 when it announced a Greek field which it previously said contained significant resources was dry.
Shares in Regal were down 5.7 percent to 132 pence by 1600 GMT, after earlier rising 6 percent on hopes of an improved offer from MND.
“One minute something’s on, the next minute it’s not,” said one market maker, explaining why the shares had gone from positive to negative territory. The shares fell 14 percent on Friday as Shell pulled out of the deal.
Analysts have speculated Regal will need financial support although Regal’s new chief executive is reported as saying it could issue new shares.
Regal Petroleum, which on Monday confirmed its agreement with Shell had been terminated, was not immediately available for comment. (Reporting by Chris Wills; additional reporting by Jan Lopatka; editing by Mike Elliott and Sue Thomas)
© Reuters 2007. All rights reserved.
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.
