November 2014

Shell says the alcohol never existed. On the other hand, if it did exist, they have already paid for it as part of a full and final settlement with OSSL who, in addition to being bootleggers, may also be blackmailers demanding money from Shell over a bribery scheme.

Canadian firm Vermilion bought 18.5% of gas field in 2009 using hybrid instruments

The Canadian oil group that owns 18.5 per cent of the Corrib gas project made its investment using a complicated structure agreed with the Luxembourg tax authorities.

An advanced tax agreement between Vermilion Energy Trust and the Luxembourg authorities was negotiated by PwC on behalf of the Canadian company in November 2009.

The structure put in place for the investment uses what are called hybrid instruments, financial arrangements that have been targeted by the Organisation for Economic Co-operation and Development in its effort to reform the global tax regime.

The Corrib partners have spent an additional €340m on various aspects of the project this year and next year anticipate that a further €250m will be spent.

This follows an outlay of €330m in 2013, bringing the total projected spend over the three-year period to €920m.

This will result in the costs for the entire project topping €3.6bn - more than four times the original estimate of €800m.

Gas was originally expected to flow from the field in 2003.

The project is now 12 years behind the original schedule.

JOHN DONOVAN EMAIL CIRCULATED 4/5 NOVEMBER 2014 TO EVERY IRISH TD MEMBER OF THE IRISH PARLIAMENT.

This information is being supplied to you despite written threats I have received from Mr Marc Fitzgibbon, a senior partner of Dublin law firm, Lavelle.