THE WALL STREET JOURNAL
MARCH 17, 2009
By LYNDAL MCFARLAND
MELBOURNE, Australia — BG Group PLC moved a step closer to sealing a 1.03 billion Australian dollar (US$677.7 million) deal to buy Australian coal seam gas player Pure Energy Resources Ltd. after rival bidder Arrow Energy Ltd. let its offer lapse.
While Arrow didn’t say what it plans to do with its 20.3% stake in the group, analysts expect the Australian firm — which is backed by Royal Dutch Shell PLC — to sell its stake into BG’s offer. Arrow wasn’t available for comment.
The developments follow a protracted fight for Brisbane-based Pure Energy and come as energy firms look to lock in coal seam gas reserves to feed their planned liquified natural gas plants in Australia’s Queensland state, which will meet energy demand from Asia. Up to five LNG processing plants are slated for construction in the small port town of Gladstone in Queensland state.
Pure Energy directors said they unanimously recommend shareholders accept BG’s offer, which is due to close March 23.
Buying Pure Energy will help BG, which also bought Queensland Gas last year after missing out on a deal with Origin Energy Ltd., to make a final investment decision on its LNG options.
BG, which had a 33% stake in Pure Energy as of March 13, is offering Pure Energy shareholders A$8.25 cash per share if it reaches a 90% stake in the group.
Shell said earlier this month that it would sell its 11% stake in Pure Energy to BG if a higher offer didn’t emerge.
Elisabeth Behrmann contributed to this article.Write to Lyndal McFarland at [email protected]
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.
