List of Companies Accused by Argentina of Unlawful Oil Exploration Activities

23 Mar

Yesterday, Argentina’s Foreign Minister Hector Timerman, sent a letter to the Stock Exchanges in London and New York demanding that the regulators of those bodies determine whether or not the people investing in companies involved in oil exploration around the Falkland Islands are full aware of the risks involved.

Timerman said in his letter; “It behoves you to request that [these] companies quantify and qualify their activities and the risks deriving from them. In this way, the institution is in a position to evaluate whether it is pertinent to continue listing their shares, as well as the data which they should reveal to the market so that current and future investors are duly informed.”

The immediate reaction of the London Stock Exchange was muted, with a spokesman saying that he was unaware of any correspondence on the issue having been received from Argentina.

With the current war of words over the Falklands being fully reported by the media in Argentina, the United Kingdom and America it is unlikely that any shareholders are unaware of the current situation in the run-up to the 30th anniversary of the 1982 Falklands War. It is equally as unlikely that the companies and their major investors have not factored in the risk potential long before now.

The Companies listed by Argentina as being involved in what it calls the ‘illegal’ exploration for oil near the South Atlantic archipelago are:

Rockhopper Exploration

The Royal Bank of Scotland

KPMG Audit Plc

Cannacord Genuity Limited

Merryl Lynch International

Addleshow Goddard

Credit Suisse / Credit Suisse Securities Europe

UBS Investment Bank / UBS AG London

GLG Partners

Royal London Asset Management

Fidelity /Fidelity Investments Limited / Fidelity International

Ignis Investment Services / Ignis Asset Management

Richard Visick

OZ Management and Och-Ziff Management Europe

Kames Capital

Capital and Research Management

Halifax Share Dealing

Barclays Personal Investments Management

Legal and General Investments Management

Hargreaves Landown Asset Management

Government of Singapore

Blackrock Investments Management (UK) Limited

HSBC Investments UK Ltd.

Charles and Stanley and Co. Ltd.

Aegon UK plc

BP Investment Management Ltd.

BNP Paribas Asset Management SAS

Morgan Stanley Securities

Majedie Asset Management Ltd.

Borders and Southern Petroleum

Lloyds TSB

HSBC Bank plc


Panmure Gordon & Co.

Mirabaud Securities LLP

Ocean Equities

SNR Denton UK

Lansdowne Partners Limited Partnership

Stephen James Douglas Posford-

Zila Corporation

Blackrock Investments Management (UK) Limited

Henderson Global Investors Ltd.

Allianz SE / Allianz Global Investments KAG mbh

DWP Bank-

Credit Suisse Securities Europe

Vestra Wealth

Ignis Asset Management

Capital Research and Management

JP Morgan Asset Management

UBS Wealth Management UK Ltd.

Barclays Personal Investment Management

TD Waterhouse Group Inc.

Brewin Dolphin Limited

Kuwait Investment Authority


Desire Petroleum

Barclays Bank plc

Standard Chartered Bank

HSBC plc

The Royal Bank of Scotland

UHY Hacker Young Manchester LLP

Seymour Pierce Limited

Clintons Solicitors


TD Waterhouse (Europe) Limited / TD Waterhouse Group Inc.

Phips & Company Limited

Barclays Personal Investment Management

Halifax Share Dealing Limited

James Capel Limited

LR Limited

HSBC Investment UK Ltd.

Hargreaves Lansdown Asset Management


Brewin Dolphin Limited

Charles Stanley and Co.

Skandinaviska Enskilda Banken-

Axa Framington Investment Management

Falkland Oil and Gas Limited

Lloyds TSB


Oriel Securities Limited

Jefferies International Limited


RAB Capital

BlackRock Group Limited

Capital Research and Management

Falkland Island Holding

Baillie Gifford

Barclays Stockbrokers (EO)

JP Morgan Asset Management

TD Waterhouse, stockbrokers (EO)

Credit Suisse Group AG

Ignis Investments Services

Fidelity Management & Research / Fidelity International

Allianz Global Investors KAG mbh

Richard Philip

Vanguard Group Inc.

Argos Resources Limited

Standard Chartered Bank

BDO Stoy Hayward LLP

Evolution Securities Limited

Peachey & Co. LLP

Argos Georgia Ltd.

Ian Main Thomson

Portogon Investments SA

Orian Partners LP

R Smith

Iain Aylwin


Sealion Shipping Ltd

Hansa Heavy Lift GMBH

Nautic Offshore AS


Hartman Offshore GMBH

ATL Offshore GMBH

Sartor Offshore AS

Biglift Shipping BV



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