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28.08.09

Holding in Company


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

Holding in Company

PetroLatina (AIM: PELE), the oil and gas exploration and production company focused on Latin America, received notification today from Crosby Buyout VII Limited that as at 24 August 2009, Crosby Buyout VII Limited no longer had a notifiable interest in the Company’s issued ordinary share capital.

Enquiries:

PetroLatina Energy Plc
Pawan Sharma, Executive Vice President - Corporate Affairs Tel: 020 7766 0085

Strand Partners Limited
Simon Raggett / Matthew Chandler Tel: 020 7409 3494

Financial Dynamics
Ben Brewerton / Susan Quigley Tel: 020 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 45% 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).

News Archive:

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31.07.09  Director’s Dealing
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Director’s Dealing PetroLatina (AIM: PELE), the oil and gas exploration and production company focused on Latin America, was today notified that on Thursday 30 July...
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31.07.09  Update re Chuira-1 Exploration Well and Issue of Equity
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Update re Chuira-1 Exploration Well and Issue of Equity PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company, focused on...
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23.06.09  Result of 2009 Annual General Meeting
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Result of 2009 Annual General Meeting PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company focused on Latin America,...
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17.06.09  Drill Programme and Funding Update
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Drill Programme and Funding Update Further successes on the Los Angeles-12 and 14 development wells in the ongoing drill programme together with a significant...
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01.06.09  Annual Report and Accounts & Notice of AGM
PetroLatina Energy Plc (“PetroLatina” or the “Company”) 2008 Annual Report and Accounts Posted and Notice of Annual General Meeting PetroLatina (AIM: PELE), an independent oil and gas exploration, development and...
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21.05.09  Final Results for the year ended 31 December 2008
PetroLatina Energy Plc (“PetroLatina” or “the Company”) Final Results for the year ended 31 December 2008 A period of restructuring to create the basis for future growth PetroLatina (AIM: PELE), an independent oil and...
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28.04.09  Drill Programme Update
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Drill Programme Update Positive Results at Los Angeles-11 Development Well PetroLatina (AIM: PELE), an independent oil and gas exploration, development and...
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21.04.09  Holding in Company
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Holding in Company PetroLatina (AIM: PELE), the oil and gas exploration and production company focused on Latin America, yesterday received notification from Crosby...
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17.03.09  Further Update re Colon-1 Exploration Well
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Further Update re Colon-1 Exploration Well PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company focused on Latin...
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12.03.09  Holding in Company
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Holding in Company PetroLatina (AIM: PELE), the oil and gas exploration and production company focused on Latin America, today received notification from Crosby...
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