THE WALL STREET JOURNAL: Shell Says Reserve Replacement Ratio Was 49% In 04: “In addition, with the filing of the 2004 annual report on Form 20-F, Shell said it remains on schedule with the timetable for the proposals to shareholders for the unification of the Royal Dutch/Shell Group of Companies under a single parent company, Royal Dutch Shell plc.” (ShellNews.net) 31 March 05

DOW JONES NEWSWIRES

March 31, 2005

Edited Press Release

AMSTERDAM -- Royal Dutch/Shell Group (RD SH) said Thursday that its reserve replacement ratio, or RRR, excluding the impact of divestments and year-end pricing and including associates, was 49%, within the 45%-55% range as provided on 3 February 2005.

Including the impact of divestments and year-end pricing, the RRR was 19%, within the 15-25% range as provided on 3 February 2005. Including the Athabasca Oil sands mining reserves would raise the RRR by 4%.

Shell said it continues to target at least 100% reserves replacement over the period 2004 to 2008, including associates.

In addition, with the filing of the 2004 annual report on Form 20-F, Shell said it remains on schedule with the timetable for the proposals to shareholders for the unification of the Royal Dutch/Shell Group of Companies under a single parent company, Royal Dutch Shell plc.

 Company Website: http://www.shell.com 

Click here for ShellNews.net HOME PAGE