Mon Mar 17, 2008 3:30am EDT
By Tom Bergin
LONDON, March 17 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) said its net oil and gas reserves held stable in 2007 compared with 2006, despite some expectations of a drop, but the company failed to commit to near-term growth targets while holding out the prospect of strong long-term growth.
The world’s second-largest non-government controlled oil company by market value, said on Monday that total net reserves were 11.9 billion boe at the end of 2007, in line with the level at the end of 2006.
Shell said it enjoyed strong exploration success in 2007, adding 1.4 billion barrels of oil equivalent (boe) of resources, helping push its total resource base to around 66 billion boe, giving a production life of 55 years.
The Anglo-Dutch oil major said its portfolio has the potential to deliver long-term production growth of 2-3 percent but offered no specific time schedule for achieving this.
Shell said last year it was aiming for growth of 1-2 percent to the end of this decade and 2-3 percent after 2010. A spokeswoman declined to affirm the earlier growth targets, while Chief Financial Officer Peter Voser said earlier this year that output was likely to drop “slightly” this year.
(Editing by Quentin Bryar)
© Reuters 2008 All rights reserved
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.
