This could dwarf Rockhopper’s Falklands oil discovery

Tom Bulford takes a look at the latest developments in the Falkland Islands oil story, where the moment of truth is fast approaching.

Argentina's president, Cristina Fernandez de Kirchner, must be spitting blood. Having done everything she can think of to warn people off the Falklands, investors have taken absolutely no notice.

In December, Kirchner rallied South American nations to impose a ban on ships bearing the Falklands flag. And she's urged Argentine fishermen to catch the shoals of young illex squid that otherwise make their way to Falkland waters where, older and fatter, they provide the islanders with a large part of their national income.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.