Hi all,

I would be grateful if you could provide me with some advise and assistance in this matter.
I have an elderly relative who has asked me to deal with this settlement on their behalf.

I have been through my relatives paperwork and spoken with them. He has dealt with and traded with various brokers over the years who have either merged or ceased trading and for this reason is unable to get details of who the brokers were that he dealt with when he purchased shares in Shell transport company Plc. He does not have any other paperwork relating to the purchase of the shares as he only kept hold of the share certificates which have since been converted in Royal Dutch Shell shares during the merger.

It seems wrong that the documentation that the tax office require to confirm ownership of the shares (share certificate) is not proof of purchase.

Is there any way to determine who the brokers may have been, as shell settlement documentation states only with valid documentation will the claim be successful and this documentation must be confirmation from the broker (that I do not know, nor my relative) or documentation confirming the purchase price (which is not available).

It seems due to the length of time this is relating to Shell know that people may not have this information and therefore not have to pay out such a big settlement. Most owners will not be able to confirm the purchase and so will not be successful in their claims.

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..Questor share tip: Oil price will continue to boost Shell

Telegraph Thu, Dec 15, 2011 17:37 GMT
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The run-up to Christmas always prompts analysts to bring out their crystal balls and early entrants in the 2012 oil price prediction stakes are Goldman Sachs (NYSE: GS - news) and Scandinavian bank SEB (Frankfurt: 862948 - news) .

Royal Dutch Shell 22.67 -19p Questor says BUY

Despite the gloomy economic backdrop, Goldman maintained its Brent crude forecast for 2012 at $120 a barrel and it introduced a new forecast of $126 a barrel for 2013.

SEB has a similar view it expects Brent crude prices to average $114 a barrel over the next year. Following weakness in the first half of 2012, SEB expects demand will return in the second half, with the market focusing on medium- to long-term supply issues once again "driving prices up to at least $120 a barrel".

"We expect oil demand to increase rapidly in coming years as growth economies increase fuel consumption for private transportation," SEB said. "At the same time supplies will struggle to match demand."

This is all very good for Royal Dutch Shell, which is now Questor's preferred oil major.

Last weekend the company finally signed its $17bn (10.8bn) joint-venture deal with the Iraqi government for flared gas. In a ceremony held in Baghdad, Peter Voser, Shell (LSE: RDSB.L - news) 's chief executive, said: "This is a new chapter in the gas industry in Iraq."

Flared gas is a by-product of oil extraction and, because of the lack of infrastructure, this gas previously has been flared, or burnt off. This is a staggering waste of a valuable resource, with the country burning about 10bn cubic metres a year.

Under the 25-year deal, Iraq's government will hold 51pc of the venture, South Gas Co. Shell has 44pc and Mitsubishi (Frankfurt: 857124 - news) has 5pc.

Gas is unlikely to be exported until the internal Iraqi needs are met. This means that the gas will be sold cheaply in the country. However, there should be plenty of opportunity to sell gas into international markets and get market rates for the product.

Shell's massive investment programme means the group is increasingly focused on gas. Earlier this month, the company hosted an analyst visit at its Australian liquified natural gas (LNG) projects in Queensland. This Arrow LNG venture, in partnership with PetroChina, is proceeding fairly slowly, but feedback from analysts was that this was a good thing as there were so many bottlenecks in the supply of essential materials. A "slowly, slowly" approach will ensure that Shell is not in the rush for materials and so will not face the delays and scheduling problems that are hampering other players.

Questor recommended Shell as a tip of 2011 on the prospect of $100 oil. This duly happened and is likely to continue if analysts' predictions prove true. Indeed, even through the recent turmoil in November (Stuttgart: A0Z24E - news) , Brent crude averaged $110 a barrel.

The shares were recommended on January 3 at 21.15 and they are up 7pc compared with a FTSE 100 (Euronext: VFTSE.NX - news) down 6pc. They are trading on a December 2010 earnings multiple of 8.3 times, falling to just 7.8 next year. Questor expects the shares to continue to outperform in a high oil price environment and the company's investment pipeline should deliver strong production growth over the medium term.

The shares remain a buy.

Note: investors should buy Shell's "B" shares because dividends paid on the "A" shares have a Dutch source for tax purposes, which means dividends could be subject to withholding tax

hi mnamreh,
I received my cheque (in dollars) 2 weeks ago,
my bank is barclays it was to be processed straight away free of charge (under 50 dollars) but it would take 6 weeks to show in my account.

delete

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sorry the cheque was for $52.92 after conversion into sterling, it was under 50

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Was it worth the trouble ?

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I received $178 a few weeks ago. Thank goodness I have a $ account so did not have savage collection fees. The whole thing was a waste of time and money and it shows how regulators can spend your money to no avail.

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