Argentina's government of thieves declares war on oil exploration in the Falklands

Express:

The Argentine Embassy in London tonight issued a statement warning British companies and individuals they face prison sentences of up to 15 years.

Fines equivalent to the value of 1.5 million barrels of oil–about £100million at current prices–would also be levied.

The move by Buenos Aeries is a major ratcheting of the tension in the region and has triggered a furious response by the Foreign Office reminding Argentina that the Falklands are British sovereign territory.

The new law means companies would also be banned from operating in Argentina and any oil found or exploration equipment would be confiscated.

The statement said the Argentine Embassy in London has already sent more than 200 letters to companies directly or indirectly involved and “warning them they are liable to administrative, civil and criminal actions in accordance with the laws governing such activities, including environmental protection laws”.

Argentina, which has previously made formal protests to London on the issue, believes exploration is “manifestly contrary to Resolution 31/49 of the United Nations General Assembly”.

Its statement said: "Early this morning the Argentine Congress passed a law establishing criminal sanctions to be imposed on companies and individuals involved in the illegal exploration and exploitation of hydrocarbons in the Argentine continental shelf.
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That is a pretty audacious position for a country that has no legitimate claim to the Falklands to begin with.  They just have no serious case for their position beyond their own desires.   They cannot even develop their own resources without outside assistance.