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30.06.10

Result of 2010 Annual General Meeting


PetroLatina Energy Plc
(“PetroLatina” or the “Company”)

Result of 2010 Annual General Meeting

PetroLatina (AIM: PELE), the independent oil and gas exploration, development and production company focused on Latin America, announces that the resolutions proposed at its 2010 Annual General Meeting ("AGM") held earlier today to approve, inter alia, the granting of authority to the Director to allot equity securities, without offering those equity securities pro rata to existing shareholders, up to an aggregate nominal amount of US$12,000,000 (120,000,000 new ordinary shares), as set out in the notice of the Annual General Meeting dated 8 June 2010, were all duly approved by shareholders.

Copies of the presentations which were made to shareholders attending today's AGM will shortly be made available to download from the Company's website, www.petrolatinaenergy.com.

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

Evolution Securities Limited
Rob Collins/Chris Sim Tel: +44 (0)20 7071 4304

Financial Dynamics
Ben Brewerton/Susan Quigley Tel: +44 (0)20 7831 3113

Additional Information on PetroLatina Energy Plc:
PetroLatina Energy Plc (AIM: PELE) is presently focused on Colombia where it currently holds 45% and 20% interests respectively in the Los Angeles and Santa Lucía fields on the Tisquirama licence, and a 100% interest in the Doña María field. In April 2006 the Group acquired an interest in two exploration blocks: an 85% interest in Midas and an 80% interest in La Paloma. In November 2007 the Company secured the extension of the Tisquirama licence for the economic life of the fields. In February 2009, the Group acquired the Putumayo-4 block in which it has a retained 50% interest. 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. Having sold its assets in Guatemala, PetroLatina retains a 20% interest in the first three wells and a 20% working interest in future wells. Further information is available on the Company’s website (www.petrolatinaenergy.com).

Download AGM Presentation

Download Technical Presentation

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