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20.02.07

Director's Dealings and Shareholding in Company


PetroLatina Energy Plc, an independent oil and gas exploration, development and production company, focused on Latin America, advises that 3,750,000 new ordinary shares have been issued and allotted following the exercise of the equivalent number of $0.10 warrants in the Company by existing shareholder, Taghmen Ventures Limited (“Taghmen Ventures”). Taghmen Ventures is a company in which Gregory Charles Smith (“Greg Smith”), Chairman of PetroLatina Energy Plc, has a beneficial interest.

At the same time, PetroLatina was informed that Taghmen Ventures has sold 900,000 ordinary shares in the Company at an average price of 23.8 pence per ordinary share to finance the exercise of the aforementioned warrants. The Company has accordingly been notified that Greg Smith and Taghmen Ventures will hold 17,700,001 ordinary shares in the capital of the Company, representing approximately 15.53% of the issued ordinary share capital of the Company.

Application has been made for the 3,750,000 new ordinary shares to be admitted to trading on AIM, a market operated by The London Stock Exchange plc. Admission of the new ordinary shares is expected to become effective on 26 February 2007.

News Archive:

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17.06.09  Drill Programme and Funding Update
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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
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28.04.09  Drill Programme Update
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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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03.03.09  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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24.02.09  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 Wednesday 18...
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18.02.09  Colon-1 Exploration Well Delivers Successful Preliminary Test Results
18 February 2009 PetroLatina Energy Plc (“PetroLatina” or the “Company”) Colon-1 Exploration Well Delivers Successful Preliminary Test Results PetroLatina (AIM: PELE), an independent oil and gas exploration, development...
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