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 Dońa 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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Well 3X
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Following initial gas shows at 7,800 feet and oil staining...
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