Black gold: British firm Rockhopper has found oil in the North Falkland Basin.Image from The Daily Mail
Tensions Set To Rise As British Firm Says It Has Struck Oil In Falklands -- Times Online
Hopes that the Falkland Islands could become a big source of oil are rising fast after a British company said that it had made the first find in a controversial campaign to seek, and claim ownership of, the precious commodity in the Southern Atlantic.
Shares in Rockhopper Exploration soared 138 per cent after news of the discovery 220km (135 miles) to the north of the islands.
It will exert renewed pressure on the tense diplomatic ties between Britain and Argentina. Buenos Aires has repeatedly declared its opposition to drilling in the region. Jorge Taiana, the Argentine Foreign Minister, has described the British drilling campaign as “an illegal act that goes against international law and against UN resolutions”.
Read more ....
More News On The Oil find In The Falklands
Argentine fury as British firm says it has struck oil in the Falklands -- Mirror.co.uk
British firm set to invoke fury of Argentina as it strikes black gold in the Falklands -- The Daily Mail
Rockhopper strikes oil north of Falkland Islands -- The Independent
British explorer Rockhopper hits oil in Falklands -- The Telegraph
UK firm's Falklands oil find sparks mix of hopes and fears -- The Guardian
Argentina Rejects ‘Illegal’ Falklands Islands Oil Discovery -- Bloomberg Businessweek
Rockhopper says Falklands oil find high quality -- Reuters
Discovery gives hope to other Atlantic explorers -- The Independent