Shell $776m deal may attract overseas investment
A $776 million investment in Queensland’s coal seam gas reserves by Royal Dutch Shell is tipped to attract more international investment in the sector.
Shell has taken a one-third stake in reserves held by local resource company Arrow Energy.
Chief executive Sean Scott has told the ABC’s Inside Business program that years of work developing the industry is paying off.
“With our deal with Shell, we spent a fair bit of time working with them,” he said.
“They’ve done a reasonable amount of due diligence looking at the resource potential and what we’ve got prior to making that investment decision.
“The other thing that it’s done is it’s really awakened investors globally to the potential of coal seam gas companies in Australia.”
http://www.abc.net.au/news/stories/2008/06/08/2268453.htm?section=justin
shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
0 Comments on “Shell $776m deal may attract overseas investment”
Leave a Comment