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Shell confidential reserves fraud discovery documents published on 5 December 2007

Shell confidential reserves fraud discovery documents published on 5 December 2007

Exhibit 167: CONFIDENTIAL: NOTE – 31 May 2002: From Anton Barendregt to Lorin Brass and Chris Finlayson (Managing Director, BSP) copied to Brian Straub, Rosmawatty Abd-Mumin, Salieh-Bostaman Zainal-Abidin, Martin Graham, Thomas Prudence, Peter Worby, Ben van den Bergh, Chris Kennett, Dominique Gardy, Rahim Khan, Malcolm Harper, Jaap Nauts, John Pay, Paul Tauecchio, Han van Delden (KPMG Accountants NV) and Stephen Johnson (PriceWaterhouseCoopers): Subject: SEC PROVED RESERVES AUDIT – BRUNEI SHELL PETROLEUM SDN BHD, 29 April – 3 May 2002 (17 pages)

http://www.shellnews.net/classactiondocs/ex167_423_6.pdf

Exhibit 168: Shell Confidential EP 2003: Subject: Guide for the Administration of Proved Reserves and Production for External Disclosure: This document is confidential. Distribution is restricted to the named individuals and organisations contained in the distribution list maintained by the copyright owners. Further distribution may only be made with the consent of the copyright owners and must be logged and recorded in the distribution list for this document, Neither the whole nor any part of this document may be disclosed to any third party without the prior written consent of the copyright owners. Copyright 2003 SIEP B.V. SHELL INTERNATIONAL EXPLORATION AND PRODUCTION B.V., RIJSWIJK (25 pages)

http://www.shellnews.net/classactiondocs/ex168_423_7.pdf

Exhibit 169: Confidential EP EXCOM Minutes of meeting in The Hague: EP Excom Members Present: Walter van de Vijver, Matthias Bichsel, Lorin Brass, Linda Cook, Frank Coopman, John Darley, Carol Dubnicki, Dominique Gardy, Din Megat, Bob Sprague and Brian Ward. Curtis Frasier attended as Secretary. Wide ranging discussion on 11 November 2002 covering Nigeria and many other EP matters. (9 pages)

http://www.shellnews.net/classactiondocs/ex169_423_8.pdf

Exhibit 170: 5 October 2001: Confidential “Deepwater Steering Council Meeting” held 8-9 Houston Time/3-4 Hague Time: Attendees: The Hague: Lorin Brass, Heinz Rothermund and John Darley: Houston: Matthias Bichsel, Lori Priess: Fran Lohr via telephone (11 pages)

http://www.shellnews.net/classactiondocs/ex170_423_9.pdf

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Related article about Frank Coopman

Daily Telegraph: Reserves whistleblower quits Shell

By Christopher Hope
Last Updated: 12:49am BST 13/10/2004

The Shell executive who wrote a hard-hitting internal report that exposed the practice of inflating the oil giant’s “proven” reserves has quit.

Shell yesterday confirmed that Frank Coopman, chief financial officer of exploration and production, left at the beginning of September.

Mr Coopman had been considering other offers within Shell since he stepped aside in April. A spokesman said: “He was offered a key alternative position but he chose not to accept. He has now left by mutual agreement.”

Mr Coopman, 58, who had been at the company for 33 years, received a pay-off which, according to Shell, “reflected last year’s salary, his years of service and the fact that he was one and a half years away from retiring”.

A Shell spokesman declined to comment. However a company source said that, in an internal statement, Shell had “thanked Frank for his sustained commitment and significant contribution made over a long career”.

Mr Coopman rose to prominence when he compiled an internal status report that revealed the group had exaggerated its commercially exploitable oil and gas reserves by 2.3billion barrels (later increased to 4.47billion barrels).

He recommended in his review, carried out last autumn, that Shell was “under a legal obligation” to correct immediately the overstatement of the reserve. However Walter van der Vijver, the then head of exploration and production, replied to Mr Coopman in a now infamous e-mail: “This is absolute dynamite, not at all what I expected and needs to be destroyed.”

When the overstatement became public, both Mr Van der Vijver and Sir Philip Watts, chairman of the committee of managing directors at Shell, lost their jobs over the affair.

Both received pay-offs running into millions of pounds.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2004/10/13/cnshell13.xml

 

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