By Joanna Chung in London
Jan 20, 2004
Royal Dutch/Shell, under pressure after slashing reserves estimates this month, suffered another blow yesterday when it emerged it sold its stake in an oil field that could be one of the finds of the year.
Shell sold its 50 per cent interest in the Rajasthan Basin in western India to Cairn Energy, the UK independent, for $7.25m (£4.1m) in September 2002. Cairn’s shares soared 49 per cent yesterday after it announced “a significant discovery” potentially worth 75 times as much.
Kevin Hart, Cairn’s finance director, praised Shell for setting up the site. “Shell did a wonderful job of negotiating with the government.” The find is one of the biggest in India and could be one of the largest in the world this year, analysts say.
Cairn said initial estimates for the oil in place are 450m-1.1bn barrels. Estimates for oil that could be recovered are 50m-200m barrels. Merrill Lynch analysts estimated that the net present value of the reserves to Cairn was $140m-$560m. Shell surprised investors on January 9 by cutting its estimate of reserves by 20 per cent, after recategorising wells.
Bill Gammell, Cairn’s chief executive, said: “One could go a lifetime in the oil industry and not be as lucky.” Cairn’s shares closed up 182¼p at 552¼p.
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.
