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30.03.12

Holdings in Company/PDMR Shareholdings Purchases under the Third-Party Trading Facility


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

Holdings in Company/PDMR Shareholdings

Purchases under the Third-Party Trading Facility

PetroLatina, the independent oil and gas exploration, development and production company focused on Latin America, announces that it was today notified that further to the establishment of the Third-Party Trading Facility operated by Optiva Securities Limited on behalf of Tribeca Oil & Gas Inc (“TOGI”) and Rorick Ventures Group Inc (“Rorick”), as announced on 16 February 2012, TOGI has, on 29 March 2012, purchased a total of 2,890 ordinary shares of US$0.10 each in the Company (“Ordinary Shares”) and Rorick has purchased on the same date a total of 1,415 Ordinary Shares, all at a price of 19.5 pence per Ordinary Share.

Following the abovementioned purchases: (i) the Tribeca Group is now collectively interested, in aggregate, in 82,815,991 Ordinary Shares representing approximately 68.09 per cent. of the Company’s issued ordinary share capital, and (ii) the JCR Group is now collectively interested, in aggregate, in 16,153,938 Ordinary Shares, representing approximately 13.28 per cent. of the Company’s issued ordinary share capital. Accordingly, the Tribeca Group and the JCR Group now collectively represent, in aggregate, approximately 81.37 per cent. of the Company’s issued ordinary share capital. In addition, the Tribeca Group holds warrants over a further 32,308 Ordinary Shares and options over 850,000 Ordinary Shares, and the JCR Group holds options over a further 1,000,000 Ordinary Shares.

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Circular posted to shareholders on 16 February 2012, which is available to download from the Company’s website at www.petrolatinaenergy.com.

Enquiries:

PetroLatina Energy Limited
Juan Carlos Rodriguez, Chief Executive Officer
Tel: +57 1627 8435
Pawan Sharma, Executive Vice President - Corporate Affairs & CFO Tel: +44 (0)20 7766 0081

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