The Falkland Islands Director of Minerals Stephen Luxton said that estimates published last week in the UK, of revenue of 180 billion dollars for the Falklands Government from oil production are only a “best case” scenario since in spite of great potential, the only true test is the drill bit.
Argentina has fallen prisoner of two conflicting positions on the Malvinas Islands issue which lead no where in the objective of claiming sovereignty over the South Atlantic Islands, says Carlos Perez Llana a former Argentine ambassador in Paris and political science and diplomacy professor.
The Argentine minister Hector Timerman presentation before the United Nations claiming the “militarization of the South Atlantic” from the Falklands by the UK does not seem to be having the expected echo according to press reports from Buenos Aires, based on correspondents’ contributions from New York.
British ambassador in Chile Jon Benjamin said that if Lan flights to the Falkland Islands from Chile are suspended this can only be interpreted as an “economic blockade” of the Islands and strongly suggested that the administration of Argentine President Cristina Fernandez is trumpeting the Malvinas card pushed by “domestic interests”.
A private Argentine report warns that the current diplomatic dispute over the Falklands/Malvinas could have an impact on bilateral trade with the UK which last year totalled over 1.4 billion dollars with a 150 million surplus for Buenos Aires.
Falklands’ oil explorer Desire Petroleum Plc (AIM:DES) will be making presentations this week at the North American Prospect Expo (NAPE) in Houston.
A group of Argentine writers, historians, constitutional law experts, politicians and journalists will be making a formal presentation in support of the Falkland Islanders right to self-determination. They have also criticized the constant harassment to which Islanders are exposed from the administration of President Cristina Fernandez.
On a June morning 30 years ago, Pte Craig Jones was killed by a shell as British troops made their final push in the Falklands War. He was the last soldier to die in the conflict as a ceasefire was declared the following day.
UK Defence Secretary Philip Hammond said on Monday that the British military presence in the Falklands has not increased recently since there was no recorded change to Argentine force levels, and there was no current or credible threat.
Argentine members of the opposition have warned that they will not attend a Friday special session of the Senate and Lower House Foreign Affairs committees to be held in Tierra del Fuego and dedicated to the Malvinas issue unless the overall position of the diplomatic conflict is openly debated.