They must have thrown another dart at the board......
Shell Announces Fourth Downgrade of Oil Reserves
LONDON (AP) - The Royal Dutch/Shell Group of Cos. downgraded the size of its proven oil and gas reserves Monday for the fourth time this year.
The company, which stunned shareholders in January when it announced its reduced confirmed oil and gas holdings by 20 percent, or 3.9 billion barrels, said that it was downgrading another 103 million barrels from "proven" to less certain categories.
It blamed the reduction on accounting changes involving "royalties paid in cash in Canada."
