Rockhopper and Navitas Shares Fall as Operators Defend Sea Lion Timetable
11 Articles
11 Articles
Santa Maria Times
Independent EspañolBUENOS AIRES (AP) — One day after hardening his claim to sovereignty over the Malvinas Islands, Argentine President Javier Milei took action and announced on Friday the start of an investigation to sanction the...
Rockhopper and Navitas shares fall as operators defend Sea Lion timetable
Shares in the two companies developing the Sea Lion field off the Falklands fell on Friday after Argentine President Javier Milei announced he would tighten sanctions on firms operating around the archipelago without authorization from Buenos Aires. Both companies responded with a joint statement saying they do not anticipate any impact on the project's development.
By Darío Rosatti A secret intelligence report given to the President between May and June was presented as the trigger of the Argentine offensive by Malvinas. But Rockhopper discovered oil in Sea Lion in 2010, Argentina declared it clandestine in 2012, denounced it criminally in 2015, sanctioned Navitas in 2022 and the government itself [...]
The actions of the oil companies Rockhopper Exploration and Navitas Petroleum operate in red when they average the wheel this Friday after the announcement of the Argentine government to tighten sanctions if they advance with the exploitation of hydrocarbons in the Malvinas Islands. At the beginning of the operations the falls were up to 10%, but with the running of the transactions they had a recovery. At noon in Argentina, the value of the act…
President Javier Milei announced last night that he will increase the pressure on foreign oil companies that intend to start hydrocarbon exploitation in the Malvinas Islands. The official reaction leads to focus on the project promoted by the British company Rockhopper Exploration and its Israeli pair Navitas Petroleum in the offshore field Sea [...]
Canal C After Milei's announcement, oil stocks fall in Malvinas Rockhopper lost 6.5% and Navitas retreated 2.3% after announced measures.The publication After Milei's announcement, oil stocks fall in Malvinas appeared for the first time in Canal C
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