Appointment of CEO
March 12 2007 - 3:02AM
UK Regulatory
RNS Number:7267S
Petrolatina Energy PLC
12 March 2007
PETROLATINA ENERGY Plc
www.petrolatinaenergy.com
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
PetroLatina Energy Plc ("PetroLatina" or the "Company") an independent oil and
gas exploration, development and production company, focused on Latin America,
is pleased to announce the appointment of Rudolph Berends as Chief Executive
Officer with immediate effect.
Rudolph was previously CEO for Mercantile International Petroleum, Inc, an oil &
gas company with assets in Colombia and Peru. Whilst at Mercantile he
transformed the business from debts of US$65m to having strong cash flows and
operating profits. Rudolph successfully sold Mercantile in a private sale in
early 2006.
Between 1997 and 2001, Rudolph was the President of Preussag Energie Americas,
the German oil and gas exploration & production company, where he was
responsible for the company's upstream oil & gas activities in Latin America, US
and Canada. The company was sold to OMV, Central Europe's largest oil and gas
group, in late 2001.
Having started his career as an explorationist with Shell in the early 1970's,
Rudolph has built up over 34 years of experience in the oil & gas industry, 15
of which have been spent in South America.
Rudolph, a Dutch national, holds a Doctoral Degree in Geophysics and Bachelor
Degrees in Geology and Finance.
Greg Smith, Executive Chairman of, PetroLatina Energy Plc, commented:
"We are delighted that Rudolph has agreed to join PetroLatina as CEO. He not
only has a significant amount of relevant experience in oil & gas exploration,
development and production in Latin America, he also has a solid track record of
successfully developing and growing oil & gas businesses. PetroLatina has a
combination of strong revenue streams from oil & gas production and the RZA
pipeline as well as some exciting exploration and development prospects. With
the addition of Rudolph and the experience he brings to the Company we look
forward to the future with confidence. "
12 March 2007
For further information, please contact:
PetroLatina Energy Greg Smith gcs@petrolatinaenergy.com +44(0)2072974360
www.petrolatinaenergy.com
Pelham Public Relations Charles Vivian Charles.vivian@pelhampr.com +44(0)2077436672
Phillip Dennis Phillip.dennis@pelhampr.com +44(0)2077436363
Within the past 5 years, Rudolph has been a director of Mercantile International
Petroleum Inc. He holds no ordinary shares in the Company.
There is no other information which is required to be disclosed pursuant to
Schedule Two paragraph (g) of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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