24.02.09
Directors Dealing
PetroLatina Energy Plc
(PetroLatina or the Company)
Directors 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 Companys 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 Luca fields on the Tisquirama licence respectively, and a 100% interest in the Doa Mara 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 Ro 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 Companys website (www.petrolatinaenergy.com).
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