March 3 (Bloomberg) — Royal Dutch Shell Plc said it intends to accept BG Group Plcs takeover offer for its stake in Pure Energy Resources Ltd., taking BG closer to winning control of the Australian coal-seam gas explorer.
Shell will accept BGs cash bid for its 11.2 percent stake in Brisbane-based Pure in the absence of a superior offer, the companys Australian unit said today in a statement.
BG, the U.K.s third-biggest natural gas company, on Feb. 27 sweetened its offer for Pure to A$1.03 billion ($660 million as it seeks to thwart a rival offer fromArrow Energy Ltd., Shells partner in coal-seam gas in Australia. The raised price of A$8.25 a share in cash is conditional on BG getting at least 90 percent of the target.
BG had 29.5 percent of Pure as of yesterday and Shells stake would raise its interest to 40.7 percent, while Arrow has 20.2 percent.
Brisbane-based Arrow said Feb. 26 it was still considering all options on the takeover. Its latest cash and stock offer values Pure at about A$6.82 a share based on todays closing price.
Pure Energy today gained 3 cents, or 0.4 percent, to A$8.17 in Sydney trading, while Arrow dropped 3.6 percent to A$2.43.
BG, Shell and Arrow are seeking more reserves to feed proposed liquefied natural gas projects in Queensland that may meet rising demand in North Asia for cleaner-burning fuels.
Pure Energy today reiterated the recommendation from its independent directors that shareholders accept BGs offer in its formal response sent to the exchange. Pures share price is likely to fall if BGs offer is not successful, Chairman Robert Day said in the document.
To contact the reporter on this story: Angela Macdonald-Smith in Sydney at[email protected]
Last Updated: March 3, 2009 01:17 EST
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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.
