ARGENTINA/UK: 06 DEC UPDATE: Desire's Second Falklands Oil Reportedly NOT Commercially Viable.

BLOOMBERG/
   The UK's Desire Petroleum reported another oil discovery from a well off the Falkland Islands. It was Desire's second discovery there this year.
   But the company now says the well is not commercially viable and Desire's shares have plunged.
   There were some fears that Desire's recent successes would reignite a diplomatic dispute over the Falkland/Malvinas between the U.K. and Argentina.
  
AND:  Newly released WikiLeaks cable showed U.S. feared Argentina would join Hugo Chavez and seize the Falkland Islands from Britain.

Read more: http://www.dailymail.co.uk/news/article-1335126/WikiLeaks-Washington-nervous-Argentina-invade-Falklands-again.html#ixzz16zcGdyBj

ARGENTINA/BRITAIN: Only Small Amount Of Oil Found In Falklands.

MERCOPRESS/    Disappointing results are in from the controversial first offshore well drilled in 12 years in the Falkland Islands. There is oil — but not enough for a commercial purposes. The results may lessen a growing tension between Argentina and Great Britain over the islands. Sources close to Desire Petroleum say it had not finished drilling, but the signs were not encouraging.