03.17.08, 7:28 AM ET
LONDON (Thomson Financial) – Malcolm Brinded, head of Royal Dutch Shell PLC’s exploration and production business, said the group’s reserve replacement rate was 17 pct after taking into account the full impact of the 4.1 bln usd Sakhalin-2 deal in Russia.
‘After the Sakhalin (stake) dilution, the RRR was 17 pct,’ he told reporters in a strategy presentation.
Shell early last year sold half of its 55 pct stake in the Sakhalin-2 project to Russian gas giant Gazprom.
In a strategy statement released earlier today, Shell said reserve replacement, before acquisitions, disposals and year-end oil price effects, was 124 pct. Including the oil price effects, the reserve replacement was 109 pct.
Copyright Thomson Financial News Limited 2008. All rights reserved.
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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.
