Bloomberg News

Argentine Government Warns Premier Oil on Falklands Exploration

July 16, 2012

The Argentine government sent a letter to Premier Oil Plc (PMO), a U.K. explorer, letting them know that it has declared illegal the exploration activity around the territory in dispute.

The letter to Premier was sent today by the Argentine Embassy in the U.S., the Argentine Foreign Ministry said in an e-mailed statement.

Premier said it will buy 60 percent of Rockhopper Exploration Plc (RKH)’s Falkland assets and that it plans to invest $2 billion to produce the Falkland Islands’ first oil.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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