PERTH, March 31 (Reuters) – Australian oil firm Nexus Energy Ltd (NXS.AX), which is urgently seeking cash to fund its proposed projects, has sold the rest of its stake in an exploration permit off western Australia to Royal Dutch Shell (RDSa.L) for $19 million.
The sale of its 15 percent stake in the exploration permit in the Browse Basin will provide an important source of near-term funding, Nexus said in a statement on Tuesday.
Nexus’ funding problems became acute after it failed to sell a stake in its proposed A$1 billion ($678.9 million) Crux condensate project off western Australia, in which Japan’s Osaka Gas (9532.T) holds a 15 percent stake. [ID:nSYD399993]
Nexus, whose shares have been suspended since March 6, said it expected to complete talks on additional funding requirements and spending reductions by April 14 and for trading of its shares to resume then.
Nexus hired Deutsche Bank in October to manage the sale of part of its 85 percent stake in Crux after Japanese trading house Mitsui & Co (8031.T) pulled out of a deal to buy a chunk for $255 million, citing economic conditions. ($1=1.473 Australian Dollar) (Reporting by Fayen Wong)
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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.
