REUTERS
SYDNEY | Wed Jul 14, 2010 5:59am BST
SYDNEY (Reuters) – Arrow Energy (AOE.AX) shareholders approved a $3.05 billion takeover by Royal Dutch Shell (RDSa.L) and PetroChina’s (0857.HK) on Wednesday, clearing the way for a final legal go-ahead due later this week.
Shareholders voted to demerge Arrow’s international assets into Dart Energy, a newly listed entity, and to sell the bulk of the company, including the coveted coal-seam gas assets to a consortium of Shell and PetroChina in an agreed deal.
The deal cleared a major regulatory hurdle on Wednesday after the National Development and Reform Commission of China recommended the offer and waived a requirement to obtain clearance from the State Administration of Foreign Exchange of China.
The last hurdle for the deal will be approval from the Federal Court of Australia, which is due to rule on the spin-off on July 16.
The Shell-PetroChina joint venture will integrate Arrow’s Australian assets with Shell’s existing CSG assets and Shell’s site for a planned Liquefied Natural Gas (LNG) plant on Curtis Island, Queensland, the companies said previously.
Shell and PetroChina will each own 50 percent of the gas produced by the LNG plant and the Anglo-Dutch oil major said it was likely to sell its gas to China.
^> Shell and PetroChina offered A$4.70 a share for most of Arrow’s domestic coal seam gas assets. Arrow shareholders are also set to receive one share in Dart Energy, for each share in Arrow.
Arrow shares, which have risen more than 20 percent so far this calendar year, last traded at A$4.99.
(Reporting by Michael Smith; Editing by Ed Davies and Balazs Koranyi)
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.
