RNS Number:2349H
Petrolatina Energy PLC
03 August 2006


                             PETROLATINA ENERGY Plc
                           www.petrolatinaenergy.com

                             DIRECTORS SHAREHOLDING


PetroLatina Energy Plc ("PetroLatina" or the "Company") an independent oil and
gas exploration, development and production company, focused on Latin America,
advises that 250,000 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"). Application has been
made for the new ordinary shares to be admitted to trading on the Alternative
Investment Market ("AIM") of London Stock Exchange plc. Admission of the new
ordinary shares is expected to become effective on Thursday 10 August.

Taghmen Ventures is a company in which Gregory Charles Smith, Chairman of
PetroLatina Energy Plc, holds a beneficial interest. At the time the above
shares are admitted to the market, Gregory Charles Smith and companies in which
he has a beneficial interest will hold 17.70% of the issued ordinary share
capital of the Company.


For further information, please contact:

Taghmen Energy    

     Nicholas Gay,       Nicholasgay@taghmenenergy.com       +44(0)2072974360
     President & CEO
     www.taghmenenergy.com   

Pelham Public Relations         

     James Henderson      James.henderson@pelhampr.com       +44(0)2077436673
     Charles Vivian       Charles.vivian@pelhampr.com        +44(0)2077436672
                 


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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