Bloomberg.com
By Angela Macdonald-Smith
March 16 (Bloomberg) — Arrow Energy Ltd., the Australian coal seam gas producer whose bid for Pure Energy Resources Ltd. was topped by BG Group Plc, let its offer expire without gaining majority control.
The offer closed March 13, leaving Arrow with a 20.31 percent interest in Pure, Brisbane-based Arrow said today in a filing to the Australian stock exchange. The company, Royal Dutch Shell Plcs Australian partner in gas extracted from coal seams, didnt say what its plans are for the stake.
BG, the U.K.s third-biggest natural gas company, is offering A$1.03 billion ($674 million) or A$8.25 a share in cash for Pure should it reach 90 percent acceptances. Otherwise, shareholders in the Brisbane-based coal-seam gas explorer will get A$8 a share under the unconditional offer from the British company, which is seeking more reserves to feed a proposed gas export project in Queensland.
BG held about 33 percent of Pure as of March 13, according to a separate filing to the exchange. Shell, owner of about 11.2 percent of Pure, said March 3 it will sell its stake to BG in the absence of a higher bid. BGs offer is due to close March 23.
Arrow separately today said its international unit agreed to buy 75.25 percent of Far East Energy Corp.s stake in the Qinnan coal-seam methane venture in China. The Australian company also agreed to invest in convertible notes, which, if converted, will give it an 11.5 percent stake in Far East Energy.
The Qinnan project in Shanxi Province represents one of the best prospects for near-term commercial coal-bed methane production in China, Arrow Chief Executive Officer Nick Davies said in the statement, also sent to the exchange. We expect Qinnan to become a material project within the Arrow portfolio.
Houston-based Far East Energy is the operator and foreign contractor to China United Coalbed Methane for three permit areas, including the Qinnan block, which will be transferred shortly to PetroChina Co., Arrow said. Shell will have the right to take half of Arrows interest in the venture, it said.
To contact the reporter on this story: Angela Macdonald-Smith in Sydney at[email protected]
Last Updated: March 15, 2009 19:16 EDT
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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.
