By Ben Bland
Last Updated: 1:05am GMT 21/02/2008
Petrel Resources, the Iraq-focused oil prospector, surged 28½ to 119p after the Iraqi oil ministry extended its technical co-operation agreement with Petrel for another year.
Investors are hoping the deal will help Petrel to clinch potentially lucrative exploration rights as and when Iraqi politicians finally pass the long-awaited oil law.
More than 70 international firms – believed to include Royal Dutch Shell and BP – have registered to compete for tenders to help develop Iraq’s oil reserves.
However, talks on the oil law have stalled over disagreements between Baghdad and the autonomous Kurdistan region over who will control the oil fields and how revenue will be shared.
“We are very pleased to have begun the process that will see us move from managing technical studies and construction projects to becoming a fully fledged exploration and production operation,” said David Horgan, Petrel’s managing director.
Mr Horgan has been involved in Iraq for many years and believes that his use of “local hoodlums” instead of international security contractors means that Petrel is better placed to operate in the war-torn country.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/21/cxmktrep121.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: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
