The Australian
Shell deal up $140m on currency move: Arrow Energy
Ross Kelly | September 12, 2008
ARROW Energy is to earn an extra $140 million from a deal with Royal Dutch Shell, due to currency movements.
As previously announced, a subsidiary of the global energy giant, Shell Exploration Company BV, has agreed to acquire 30 per cent of Arrows (ASX: AOE) interest in its Australia upstream tenements and a 10 per cent stake of Arrow International Pte.
Arrow said the value of the transaction has risen to up to $915 million. The increase in the value of the transaction is due to currency movements since the original memorandum of understanding was signed on June 2.
Both Shell and Arrow will now work together to deliver the value from our vast Australian coal seam gas interests as well as move forward with our international opportunities, Arrows chief executive Nick Davies said.
Arrow shares were up 1.34 per cent, or 4c, to $3.02, in early trading.
Dow Jones Newswires
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.
