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Argentina warns Falklands’ oil companies of May 2 deadline when legal actions begin

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The ‘Ocean Guardian’ oil rig which spent almost two years drilling in Falklands’ waters

 

Argentina once again warned oil companies considered by the Government to be “illegally operating” in the Falklands/Malvinas Islands, and reiterated it will press charges against them unless they justify their actions before next Wednesday, May 2.

Thursday, April 26th 2012 – 01:33 UTC

In a recent statement released to the press, the ministry said that on last April 17th, all oil companies currently performing exploration tasks in the ‘Malvinas basin’ were notified “of their clandestine actions and their consequences” by the Argentine embassy in the United Kingdom.

The companies notified were Argos Resources, Rockhopper Exploration, Borders and Southern PLC, Falkland Oil & Gas Ltd and Desire Petroleum PLC.

The Argentine government has set a May 2 deadline for companies to justify their activities.

“If case of failure to offer a response and once the legal deadline expires, we will issue the corresponding sanctions to every company according to a resolution by the Argentine Energy Secretariat, which considers these activities to be clandestine. The Government will also proceed to press criminal and civil charges,” the ministry warned.

The Foreign Affairs release states that by doing this they “reaffirm Argentina’s decision to defend the nation’s sovereign rights by any peaceful means possible – both legal and diplomatic- as well as the country’s natural resources, which belong to the Argentine people.”

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North Falkland Basin: Rockhopper Spuds 8th Well on Sea Lion, (Offshore Falklands)

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Rockhopper Exploration plc , the North Falkland Basin oil and gas exploration company, announces that the 14/10-9 well (the “Well”) was spudded at 10.45 hrs BST on 25 October 2011.

The Well, situated on Licence PL032, which is 100% owned and operated by Rockhopper, is the eighth well to be drilled on the Sea Lion feature. It is located approximately 5.9 km to the south west of the 14/10-2 discovery well and is designed to investigate reservoir presence and hydrocarbon charge within the Sea Lion Main Complex towards the southern edge of the Company’s acreage and is also an exploration well on the Eastern side of the Casper prospect.

Drilling operations are expected to take approximately 33 days and a further announcement will be made once drilling is completed.

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