02.11.06
Results of 1XD Well Test
Petrolatina Energy Plc (“PetroLatina” or the “Company”) an independent oil and gas exploration, development and production company, focused on Latin America and with operations in Colombia and Guatemala, announces the following update on its Guatemalan operations.
Well 1XD encountered four potentially hydrocarbon bearing zones, the deepest of which was perforated and tested in October 2006. As previously stated, operations in Guatemala have proven extremely difficult and the 1XD test results reflect this with the well not producing at commercial levels as a result of an apparent lack of energy in the reservoir.
Given this result, the Company is suspending the well, whilst it carries out further detailed geological studies on the Las Casas structure within the 6-93 licence.
The Company owned service rig will now move to the A7-2005 licence to carry out a work over of Atzam 2, which was originally drilled in 1993. This work over is expected to be completed in November 2006.
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31.07.07 Disposal
Petrolatina is pleased to announce that the option announced on 21 May 2007 has
been exercised and that accordingly it has today completed the sale of its
Guatemala assets. The consideration is $4 million in cash.
The...
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04.07.07 Notice of AGM
PetroLatina wishes to announce that the AGM of the Company will take place at 10
am on 17 July 2007 at Room Green 1, The Guoman Cumberland Hotel, Great
Cumberland Place, London, W1A 4RF,
For further...
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29.06.07 Annual Report and Accounts
The Company wishes to announce that the Company's Annual Report and Accounts for
the year ended 31 December 2006 have been sent to the shareholders of the
Company....
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21.06.07 Board Change
PetroLatina Energy Plc (AIM: PELE), an independent oil and gas exploration, development and production company focused on Latin America, announces that Richard Lavers has stepped down as a Non Executive Director of the Company...
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13.06.07 Issue of Equity
The Company announces that under the terms of an employment contract 1,500,000 new ordinary shares of the Company are to be issued and allotted to Rudolph Berends, Chief Executive Officer of PetroLatina.
Application has been...
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12.06.07 Final results for the year ended 31 December 2006
Chief Executives Statement
The past year has seen some large steps forward in the development of PetroLatina but we have also experienced disappointments.
Operations Review
In April 2006 the Group acquired interests in...
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07.06.07 Holding(s) in Company
The Company was informed on 7 June 2007 that Macquarie Bank Limited is interested in 3,474,086 ordinary shares in the capital of the Company, representing 3.02 per cent of the entire issued voting share capital of the Company. ...
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30.05.07 Additional Listing
The Company has issued 830,000 new ordinary shares of $0.10 to Macquarie Bank Limited (Macquarie) as partial consideration for the agreement with Macquarie to make available an extension of $1.7 million to the Companys...
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21.05.07 Operations Update
PetroLatina Energy Plc (PetroLatina or the Company) an independent oil and gas exploration, development and production company, focused on Latin America, is pleased to provide the following May 2007 operations update....
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03.05.07 Board Change
John (Jay) Scott has resigned as a Director of the Company effective 2nd May 2007. Jay has also stepped down from his position as Chief Operating Officer....
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