22.01.10
Appointment of Joint Broker
PetroLatina Energy Plc
("PetroLatina" or the "Company")
Appointment of Joint Broker
PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company, focused on Latin America, is pleased to announce the appointment of Evolution Securities Limited as Joint Broker, effective immediately. Strand Hanson Limited remains the Company’s Nominated Advisor and Joint Broker.
Juan Carlos Rodriguez, Chief Executive of PetroLatina, said:
“We are delighted to announce that we have appointed Evolution to act as our joint broker alongside Strand Hanson. Evolution has a strong client base within the Oil and Gas sector and an excellent track record in supporting oil & gas companies.
“We believe the combination of Evolution and Strand will enable PetroLatina to communicate more effectively with our existing investors and to broaden and deepen our shareholder base. With its research-led platform, emerging market expertise and profile among UK and international institutional investors, we look forward to working with Evolution and Strand in establishing a strong broking relationship that will benefit all our shareholders.”
Enquiries:
PetroLatina Energy Plc
Juan Carlos Rodriguez, Chief Executive Officer
Tel: +57 1627 8435
Pawan Sharma, Executive Vice President - Corporate Affairs Tel: +44 (0)207 766 0081
Strand Hanson Limited
Simon Raggett / Matthew Chandler Tel: +44 (0)20 7409 3494
Evolution Securities Limited
Rob Collins / Chris Sim Tel: +44 (0)20 7071 4304
Financial Dynamics
Ben Brewerton / Susan Quigley Tel: +44 (0)20 7831 3113
Additional Information on PetroLatina Energy Plc:
PetroLatina Energy Plc (AIM: PELE) is presently focused on Colombia where it currently holds 45% and 20% interests respectively in the Los Angeles and Santa Lucía fields on the Tisquirama licence, 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: 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. Having sold its assets in Guatemala it retains a 20% interest in the first three wells and a 20% working interest in future wells. Further information is available on the Company’s website (www.petrolatinaenergy.com).
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