16.10.09
Grant of Options / Change of Name of Nominated Adviser and Broker
PetroLatina Energy Plc
(“PetroLatina” or the “Company”)
Grant of Options / Change of Name of Nominated Adviser and Broker
PetroLatina (AIM: PELE), the oil and gas exploration, development and production company focused on Latin America, has today, at the recommendation of the Company’s Remuneration Committee submitted on June 30th, 2009 and approved by the Board of Directors on August 25th, 2009, granted options over 2,270,000 ordinary shares of US$0.10 each in the share capital of the Company (the “Shares”) to certain directors and employees under the terms of an existing unapproved share option plan. The options vest over a three year period from today and are immediately exercisable, in whole or in part, up to the fifth anniversary of the date of grant, at an exercise price of 44.5 pence per Share.
Details of the grant of options to the directors of the Company are as follows:
Number of options granted Exercise price per share Total number of shares held under option or warrants
Luc Gerard 600,000 44.5p 600,000
Juan Carlos Rodriguez 1,000,000 44.5p 1,000,000
Ciro Mendez 250,000 44.5p 250,000
Menno Wiebe 250,000 44.5p 250,000
John May 50,000 44.5p 70,000
Details of the grant of options to employees of the Company are as follows:
Number of options granted Exercise price per share Total number of shares held under option or warrants
Mario Prince 60,000 44.5p 60,000
Diego Bustamante 60,000 44.5p 60,000
Additionally, the Company announces that Strand Partners Limited, the Company’s Nominated Adviser and Broker, has changed its name to Strand Hanson Limited with immediate effect.
Enquiries:
PetroLatina Energy Plc
Juan Carlos Rodriguez, Chief Executive Officer
Tel: +57 1627 8435
Pawan Sharma, Executive Vice President - Corporate Affairs Tel: +44 (0)20 7766 0081
Strand Hanson Limited
Simon Raggett / Matthew Chandler Tel: +44 (0)20 7409 3494
www.strandhanson.co.uk
Financial Dynamics
Ben Brewerton / Susan Quigley Tel: +44 (0)20 7831 3113
Additional Information on PetroLatina Energy Plc:
PetroLatina Energy Plc (AIM: PELE), formerly known as Taghmen Energy Plc, was founded in 2004. The Company is presently focused on Colombia after the sale of its assets in Guatemala in which it retains a 20% interest in the first three wells and a 20% working interest in future wells. In Colombia, the Company currently holds 40% and 20% interests in the Los Angeles and Santa Lucía fields on the Tisquirama licence respectively, and a 100% interest in the Doña María field. In November 2007 the Company secured the extension of the Tisquirama licence for the economic life of the fields. In April 2006 the Group acquired an interest in two exploration blocks with an 85% interest in Midas and an 80% interest in La Paloma. PetroLatina also owns the Río Zulia-Ayacucho pipeline in the prolific Catatumbo basin which transports crude oil. Present exploration/exploitation activities in this area should increase the volume of crude oil transported resulting in an increased cash flow. Further information is available on the Company’s website (www.petrolatinaenergy.com).
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05.08.10 Placing to raise US$5 million
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(“PetroLatina” or the “Company”)
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(“PetroLatina” or the “Company”)
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PetroLatina Energy Plc
(“PetroLatina” or the “Company”)
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PetroLatina Energy Plc
(“PetroLatina” or the “Company”)
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PetroLatina Energy Plc
(“PetroLatina” or the “Company”)
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PetroLatina Energy Plc
(“PetroLatina” or the “Company”)
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Successful bids for two blocks in the recent Colombian licencing round
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PetroLatina Energy Plc
(“PetroLatina” or the “Company”)
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07.06.10 Update re La Paloma field
PetroLatina Energy Plc
(“PetroLatina” or the “Company”)
Update re La Paloma field
Colon-3 well drilled and Colon-1 and Colon-2 pump installation
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22.04.10 Update re Putumayo-4 Block
PetroLatina Energy Plc
(“PetroLatina” or the “Company”)
Update re Putumayo-4 Block
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