Thu Jun 14, 2012 5:23am EDT
* CEO says has not been contacted by Shell
* Shares in Maurel et Prom drop 7.5 pct
(Reuters) – The head of French oil producer Maurel et Prom dismissed speculation that Anglo-Dutch oil group Royal Dutch Shell had approached it about a possible takeover, sending its shares around 7.5 percent lower on Thursday.
The stock had risen more than 20 percent on Wednesday after The Daily Mail newspaper, without citing sources, said the company had turned down a friendly approach from U.S. explorer Anadarko Petroleum and drawn interest from Shell.
Maurel et Prom could receive a bid of more than 19 euros a share, the paper said.
“A British newspaper is talking about a possible public takeover offer for us … we have never been contacted by these people,” Maurel et Prom Chief Executive Jean-Francois Henin told shareholders at the company’s annual general meeting.
“At least it has had one advantage – it has stopped the irrational decline of the stock and has put it back to a more normal valuation,” said Henin, who owns a stake of nearly 24 percent in the company through Pacifico holding.
Shares in Maurel et Prom had steadily slid 28 percent over a period of 3 1/2 months up until the Daily Mail report, more than twice the drop on the European oil and gas stock index. The shares were trading around 11.40 euros by 0905 GMT.
Henin has said he was open to selling the company at the right price and provided certain conditions were met.
Maurel et Prom has regularly been subject to takeover talk, fanned by the spin-off of its Nigerian assets into Maurel & Prom Nigeria in December. State-run Oil India has said it is interested in buying a stake in Maurel’s assets in Gabon.
Maurel et Prom, which last year made a net profit of 165 million euros ($207 million) on revenue of 374 million, has assets in Colombia, Gabon, Tanzania and Mozambique.
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.
