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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 February 2009, Menno Wiebe, a non-executive director of the Company, purchased 200,000 ordinary shares of US$0.50 each in the Company (“Ordinary Shares”) at a price of 27 pence per Ordinary Share.

Following the purchase, Mr Wiebe now holds 400,000 Ordinary Shares, representing approximately 0.91 per cent. of the Company’s issued ordinary share capital.

Enquiries:

PetroLatina Energy Plc
Juan Carlos Rodriguez, Chief Executive Officer Tel: +57 1627 8435 / + 44 7525 009616
Pawan Sharma, Executive Vice President - Corporate Affairs Tel: +44 (0)207 956 2821

Strand Partners Limited
Simon Raggett / Matthew Chandler Tel: +44 (0)20 7409 3494

Financial Dynamics
Ben Brewerton / Susan Quigley Tel: +44 (0)20 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 40% 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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06.05.08  Holding in Company
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Holding in Company PetroLatina received notification on 2 May 2008 from Credit Suisse Securities (Europe) Limited that, following the disposal of ordinary shares in...
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28.04.08  Result of EGM
PetroLatina Energy Plc (“PetroLatina” or the “Company”) Result of Extraordinary General Meeting and Notification of Total Voting Rights The Board of PetroLatina, an independent oil and gas exploration, development and...
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25.04.08  Financing Update
PetroLatina Energy Plc ("PetroLatina" or the "Company") Financing Update Proposed $25 million investment PetroLatina, the oil and gas exploration and production company focused on Colombia, with interests in Guatemala,...
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04.04.08  Notice of Extraordinary General Meeting
Notice of Extraordinary General Meeting PetroLatina, an independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce that further to the announcement made on 27 March...
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14.03.08  Appointment of New Adviser
PetroLatina Energy Plc Appointment of New Adviser Petrolatina Energy Plc ("PetroLatina" or the "Company"), an independent oil and gas exploration, development and production company, focused on Latin America, is pleased to...
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29.11.07  Confirmation of Licence Extension
PetroLatina Energy Plc ("PetroLatina" or the "Company") Confirmation of Licence Extension Extension of key Tisquirama licence for economic life of the fields has been fully ratified PetroLatina, the oil and gas...
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02.11.07  Directorate Change and Corporate Update
PetroLatina Energy Plc ("PetroLatina" or the "Company") Directorate Change and Corporate Update PetroLatina, the oil and gas exploration and production company focused on Columbia, announces that Juan Carlos Rodriguez (46),...
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08.10.07  Directorate Change
PetroLatina Energy Plc ("PetroLatina" or " the Company") Board Change PetroLatina Energy Plc (AIM: PELE), an independent oil and gas exploration, development and production company focused on Latin America, announces...
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26.09.07  Interim Results
Unaudited Interim Results For The Six Months Ended 30 June 2007 PetroLatina Plc , the Latin America focused petroleum exploration and production Company (LSE-AIM: "PELE"), announces unaudited interim results for the...
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28.08.07  AIM Rule 26
Company Website PetroLatina Energy plc (AIM:PELE.L) is pleased to announce that the information required by AIM Rule 26 is available on the PetroLatina Energy website at www.petrolatinaenergy.com...
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