2 months later, Shell again alters its reserve count

[radfringe]

2 months later, Shell again alters its reserve count
http://www.miami.com/mld/miamiherald/business/international/8221551.htm
Shell announces yet more oil-reserve cuts and delays release of its annual report to let independent auditors review its reserves.
BY BRUCE STANLEY -- Associated Press
Fri, Mar. 19, 2004

LONDON - The Royal Dutch/Shell Group suffered another blow to its reputation Thursday when it announced additional cuts to its estimated reserves of oil and natural gas and suggested that more reductions might follow.

Shell downgraded 250 million barrels in reserves to other, less certain, categories. At the same time, it decided not to book a separate batch of 220 million barrels that it had earlier considered worthy of classifying as reserves.

The company postponed the release of its annual report by about two months to give independent auditors enough time to complete a review of all of the company's reserves.

[annagull]

1. Jeez, can Shell downgrade it's "rep" after Nicaragua

http://www.mallenbaker.net/csr/nl/page.php?Story_ID=1229

Shell Chemical, Dole Food and Standard Fruit have been ordered to pay over $80m to farmers whose health has been affected by the use of the pesticide nemagon over 30 years ago.

One of the few atrocities Shell has paid for.

[Moderator]

2. Locking

go here

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=431348