RNS Number:0460P
Petrolatina Energy PLC
05 January 2007



                             PetroLatina Energy Plc
                        ("PetroLatina" or the "Company")

                                Issue of Equity


The Company announces that under the terms of a historic employment contract
500,000 new ordinary shares are to be issued and allotted to a former employee.

Application has been made for the new ordinary shares to be admitted to trading
on AIM and admission is expected to occur on 12th January, 2007.

                                     -ENDS-

                                                                5th January 2007

For further information, please contact:

PetroLatina Energy 
www.petrolatinaenergy.com         

Ian Refault           Ianrefault@petrolatinaenergy.com          +44(0)2072974360

Pelham Public Relations
                 
Charles Vivian        Charles.vivian@pelhampr.com               +44(0)2077436672
Philip Dennis         philip.dennis@pelhampr.com                +44(0)2077436363



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

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