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Royal Dutch Shell Rumors Monday 26 Oct 2009

We hear from our sources…

The Shell reserves situation is currently far worse than in 2003-4. It seems that nothing was learned from the fines, courts cases and public approbrium

Shell has large quantities of assets on its books at far above their true value ($70bn book value assets are currently worth less than $10bn)

In the current round of staff re-applying for their jobs, there are 20-25% fewer positions than applicants

Shell Expro (ie the E&P operation in the UK) is expected to LOSE about $200 million this year…

WARNING: These are rumors…

Attention Royal Dutch Shell Plc: If you confirm by email that any information printed under this headline is categorically untrue, it will be removed immediately.

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