The recent complaint filed by the Tierra del Fuego government with the Israeli Securities and Exchange Commission against Navitas Petroleum comes five months late. It's also worth noting that the province's warning to the Israeli agency about the "risks investors might be unaware of" when buying shares in the Sea Lion oil field in waters surrounding and in disputed areas of the Malvina Islands was not something that went unnoticed in the financial markets of London and Tel Aviv. Moreover, this is precisely why a group of investors bought into this risk in December 2025, knowing that Argentina, since 1982, has never gone beyond issuing a press release condemning the situation.

1. The "Looting Clock": A belated reaction

The timeline for the economic usurpation is relentless, and the leaders of the Argentine state are putting on an act . They no longer even try to hide the fact that they are pretending to be playing catch-up.

Take note . Now, when Melella decided to act, the ships already had their fuel paid for and drilling contracts in place for 2028; armored .

2. Who is the Government denouncing? The profile of "Venture Investors"

The complaint filed by the Tierra del Fuego government argues that the investors may have been deceived. However, an analysis of the shareholders' profiles shows that they are experts in conflict situations .

3. The fourth British leg: The Conservative Party

Telling these actors that the Sea Lion project has "geostrategic vulnerabilities" is like trying to scare away sharks when there is blood in the sea .

4. The great paradox: From the Malvinas to the Phoenix Oil Field

The darkest aspect of this scheme is the involvement of Harbour Energy . As we have demonstrated in this extensive investigation, the engineering to circumvent Law 26.659 is plain to see:

1.   Harbour Energy (British) was a partner of Rockhopper in the Malvinas.

2.   In order to enter mainland Argentina and the island of Tierra del Fuego, he "cleaned up" his profile by selling his stake in Sea Lion to Navitas Petroleum in September 2022.

3.   The money from the sale of its shares in the Malvina Islands to Navitas was used to purchase Wintershall Dea 's global shares. The name Wintershall Dea retains in Argentina, and has been used since 2025 to give a false veneer of legality to the acquisition of shares in the Fénix field on the Tierra del Fuego coast and in the Vaca Muerta shale formation in the Neuquén steppe.

Everyone can play dumb as they please, but the contradiction is obvious: Melella's government is denouncing Navitas in Israel, yet authorizing Harbour Energy (which orchestrated the original deal and financed its exit through the sale to Navitas) to operate in its own country . Just in case it's still unclear : Melella denounced the Israeli company that bought a resource stolen from Argentina, while the thief and seller is none other than the British oil company that he himself is allowing to enrich itself in Tierra del Fuego.

5. Conclusion: The failure of "Press Release Diplomacy"

Melella's complaint to the Israeli Securities and Exchange Commission is like a shotgun blast in the dark. If the Tierra del Fuego government and the Argentine Foreign Ministry truly wanted to stop the looting, they should:

As long as Argentina's response is administrative and delayed, the "First Oil" of 2028 will cease to be a threat and will become a monument to the failure of a sovereignty that is defended in words, only on April 2nd.