RNS Number:3757S
Petrolatina Energy PLC
06 March 2007

                             PetroLatina Energy Plc

                        ("PetroLatina" or the "Company")



             RESULTS OF TECHNICAL DATA ANALYSIS OF SERAFIN GAS WELL



Petrolatina Energy Plc ("PetroLatina" or the "Company") an independent oil and
gas exploration, development and production company, focused on Latin America,
is pleased to provide the following technical data on Serafin well #1 that
confirms expectations.



Flow Test data



As noted in our press release dated 15th February 2007:



On February 13, 2007 the fourth point of the test (on a 48 hour extended flow
rate) was completed through a 40/64" choke with a stable flow rate of 14 million
cubic feet per day of gas, a flowing tubing head pressure of 1530 psi and a shut
in casing pressure of 1716 psi.



Results of detailed bottom hole pressure data and surface gas analysis



Gas samples were taken in the last 10 hours of the initial flow test and
analysed using gas chromatography by Core Laboratories and showed the gas
gravity to be 0,566 relative to air with the following composition;



Methane             97.14%

Nitrogen            2.67%

Carbon Dioxide      0.06%

Ethane              0.12%

Propane             0.01%



Initial reservoir data used in calculations were:



Reservoir thickness               16 feet

Porosity                          27.3%

Bottom Hole Temperature           126.6oF



Analysis of the pressure recorder performed by consultant reservoir engineer
Griffin Petroleum Consulting Ltd confirmed the following data:



Permeability                      1440 mD

Skin                              17.2

Non-Darcy skin factor             0.75 skins/MMscfd

Reservoir Pressure                1966 psi (at gauge depth)

Drainage radius                   1640 feet

Calculated Reservoir Volume       5.3 billion standard cubic feet of gas in
place





Results from data analysis confirm the Company's initial evaluation of the gas
reservoir and as a result engineering work has been commissioned for surface
facilities and pipeline design and installation.

Petrolatina is currently in negotiation with several potential gas customers and
commercial gas sales are expected in the second quarter of 2007.



Greg Smith, Chairman and CEO commented:



"We are delighted to be able to provide these positive technical results
confirming our earlier announcement relating to the testing of the Serafin gas
well. The additional cash flows generated from this project will support the
Company's operational growth and development throughout PetroLatina's assets in
Latin America."





Review of Release



This release has been reviewed by the Company's Chief Operating Officer Mr. J.
Scott, and the Chief Geologist Mr. K. Dean who is a Fellow of the Geological
Society, London.



Messrs Scott's and Dean's biographies are on the Company's website, which can be
found at www.petrolatinaenergy.com .




6th March 2007


For further information, please contact:


PetroLatina Energy              Greg Smith, Chairman  gcs@petrolatinaenergy.com            +44(0)2072974360
                                and CEO
www.petrolatinaenergy.com


Pelham Public Relations         Charles Vivian        Charles.vivian@pelhampr.com          +44(0)2077436672

                                Phillip Dennis        Phillip.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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