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To: CommanderCricket who wrote (165537)3/15/2012 8:44:10 AM
From: Bearcatbob3 Recommendations  Respond to of 206100
 
It will be interesting to see who will step up to "invest" in Argentina.



To: CommanderCricket who wrote (165537)3/19/2012 8:38:48 AM
From: Dennis Roth1 Recommendation  Read Replies (2) | Respond to of 206100
 
NEWS - Repsol (REP.MC) - Argentina government aim to regain control YPF by winter

Pagina 12, Argentinean newspaper, reported that Argentina's government plans to regain control of YPF by winter.
YPF, subsidiary of Repsol, was a state-run company until 1999. The article mentioned that the government is planning
a number of options for forcing YPF to increase production, including an outright nationalization, a less intense
intervention in the company, and the possibility of helping other investors acquire more shares in the company.
Source: The BLOOMBERG PROFESSIONALTM



To: CommanderCricket who wrote (165537)3/23/2012 11:41:53 AM
From: Dennis Roth1 Recommendation  Respond to of 206100
 
Argentina Warns Stock Exchanges Over Falkland Oil Drilling
by Dow Jones Newswires
Shane Romig
Thursday, March 22, 2012
rigzone.com

BUENOS AIRES - Argentina's Foreign Ministry has formally notified stock exchanges in London and New York that it will pursue administrative, civil and criminal charges against companies exploring for oil in waters surrounding the disputed Falkland Islands.

In a statement, the ministry accused Rockhopper Exploration PLC, Falkland Oil & Gas Ltd., Borders & Southern Petroleum PLC, Desire Petroleum PLC and Argos Resources Ltd. of violating Argentine law by carrying out "unauthorized" drilling.

The companies are required to duly inform their shareholders of the risks involved in their exploration activities, Foreign Minister Hector Timerman said in the statement.



To: CommanderCricket who wrote (165537)3/24/2012 9:42:37 AM
From: Dennis Roth2 Recommendations  Respond to of 206100
 
Argentina's Mendoza Province Pulls 2 YPF Oil Concessions
by Dow Jones Newswire Ken Parks
Friday, March 23, 20
rigzone.com

BUENOS AIRES - Argentina's Mendoza Province said Friday it will revoke two concessions held by the country's largest energy producer, YPF SA, as part of a broader dispute between the Spanish-controlled company and Argentine authorities over investment.

Mendoza is the fourth province after Neuquen, Chubut and Santa Cruz to revoke YPF concessions. The provinces said the company, in which Spain's Repsol YPF SA has a controlling stake, hasn't invested enough in its operations to increase oil-and-gas production...

...Deputy Economy Minister Axel Kicillof, who participated in the board meeting, criticized the dividend decision, saying "it could amount to a speculative move to affect the stock's price."

If YPF doesn't create a special pool of money to fund its investments and provide "cheap energy" to the economy, Kicillof warned the government will use all the tools at its disposal to force the company's hand...

...Kirchner's cabinet chief, Juan Manuel Abal Medina, did little to clarify the government's thinking when he said Wednesday the administration wouldn't "rule out" a nationalization, a day after he had said officials weren't considering a takeover.