Regal suspends talks with Macquarie
By Rachel ONeill
Published: April 16 2009 12:42 | Last updated: April 16 2009 12:42
Regal Petroleum, the Aim-listed oil and gas company focused on Ukraine, has suspended talks with Macquarie Bank regarding a potential $100m loan facility.
In February, David Greer, chief executive, said he expected the loan documentation to be finalised within six weeks. However, on Wednesday he said: We chose to suspend talks with Macquarie because of the heavy obligations and onerous conditions that were being proposed.
Weve got better and bigger irons in the fire that would be much more palatable to me, to my board and most importantly to shareholders.
Regal, whose two main assets are two large gas and condensate fields in Ukraine, requires the extra funds to further its expansion.
In November 2007 Regal was due to sell Royal Dutch Shell a 51 per cent stake in its Ukrainian oilfields but Shell withdrew after a management shake-up at Regal.
Regals shares fell by 2¼p to close at 50p on Wednesday.
EDITORS CHOICE
Regal goes it alone in Ukraine – Jun-24
In depth: Oil – Jun-24
Regal to raise £80m in placing – Jan-25
Copyright The Financial Times Limited 2009
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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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