RNS Number:2680T
Petrolatina Energy PLC
28 April 2008


For immediate release
                                                                   28 April 2008

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

          Result of Extraordinary General Meeting and Notification of
                              Total Voting Rights

The Board of PetroLatina, an independent oil and gas exploration, development
and production company focused on Latin America, is pleased to announce that the
resolutions proposed at the Extraordinary General Meeting held earlier today to
approve, inter alia, the 1 for 5 share consolidation, increase in the Company's
authorised share capital and increase in the directors' authority to allot
equity securities, without offering those equity securities pro rata to existing
shareholders, up to an aggregate nominal amount equivalent to the increased
authorised share capital, as set out in the notice of Extraordinary General
Meeting dated 4 April 2008, were all duly approved by Shareholders.

As referred to above, a resolution to approve the consolidation of the ordinary
shares in issue was passed today in order to re-base the Company's share price.
Pursuant to this resolution, every 5 Ordinary Shares in issue will be converted
into 1 New Ordinary Share of US$0.50 with effect from the close of business
today. Trading in the existing Ordinary Shares on AIM will therefore cease with
effect from the close of business today.

Application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM. Admission is expected to become
effective and dealings in the 23,267,425 New Ordinary Shares are expected to
commence at 8.00 a.m. tomorrow, Tuesday 29 April 2008. The Company's issued
share capital will consist of 23,267,425 ordinary shares of US$0.50 each with
voting rights. PetroLatina does not hold any ordinary shares in treasury and
accordingly there are no voting rights in respect of any treasury shares.

The aforementioned figure of 23,267,425 ordinary shares may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or change
to their interest in, direct and indirect holdings of voting rights in
PetroLatina under Chapter 5 of the Financial Service Authority's Disclosure and
Transparency Rules.

Apart from the change in nominal value, the New Ordinary Shares arising on
implementation of the Consolidation will have the same rights as the existing
Ordinary Shares, including voting, dividend and other rights.

It is expected that definitive share certificates in respect of the New Ordinary
Shares will be despatched to relevant shareholders by first class post at their
own risk by 9 May 2008 or, where appropriate, that delivery will be made to
CREST accounts on 29 April 2008.

Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the circular to shareholders of the
Company dated 4 April 2008.


Enquiries:

Greg Smith, Chairman / Pawan Sharma,  PetroLatina Energy Plc  Tel: 020 7808 4851
Executive Vice President - Corporate
Affairs                              

Simon Raggett / Matthew Chandler      Strand Partners Limited Tel: 020 7409 3494
                                                                  
Ben Brewerton                         Financial Dynamics      Tel: 020 7831 3113
                                                                  


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