THE WALL STREET JOURNAL
MARCH 3, 2009, 2:27 A.M. ET
By ROSS KELLY
SYDNEY — BG Group PLC has moved closer to securing control of Pure Energy Resources Ltd. after Royal Dutch Shell PLC said it would sell its 11% stake in the coal seam gas producer into BG’s 1.03 billion Australian dollar (US$651 million) offer.
Brisbane-based Pure is the subject of a bidding war between BG and Shell’s joint venture partner in Australia, Arrow Energy Ltd.
Arrow, along with Shell, and BG are among a host of companies wanting to secure CSG reserves to feed five liquefied natural gas processing plants planned for construction in Queensland state.
“Shell intends to accept BG’s offer for Pure Energy Resources in the absence of a superior offer,” a Shell spokesman said.
The move is a sign that Shell has given up on accessing CSG through Pure to support its LNG plans.
But it doesn’t mean that Shell has given up on building a large-scale LNG project in Australia and investors will be watching to see where the European energy giant turns next.
BG, which has already secured 29% of Pure, last week increased its all-cash bid for the company to A$8.25 for each Pure share, above its previous offer of A$8.00 a share, despite already having the best offer on the table.
The A$8.00-a-share offer had trumped a rival bid by Arrow of A$3.00 cash plus 1.57 of one of its shares for each Pure share.
Arrow, which already holds 20% of Pure, said Friday that it is still considering its options and hasn’t ruled out increasing its offer for Pure.
But it has been about two weeks since BG launched its A$8.00-a-share cash offer, and investors had already started to become doubtful that Arrow, a minnow compared to BG and Shell, had deep enough pockets to come back with a higher bid.
BG’s sweetened offer of A$8.25 a Pure share has a 90% minimum acceptance level.
Write to Ross Kelly at [email protected]
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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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