RNS Number : 7418Z
  Petrolatina Energy PLC
  23 July 2008
   

    23 July 2008 

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

    Director's Dealing

    PetroLatina (AIM: PELE), the oil and gas exploration and production company focused on Colombia, with additional interests in Guatemala,
was today notified that yesterday Luc Gerard, a director of the Company, purchased 40,000 ordinary shares of US$0.50 each in the Company
("Ordinary Shares") at a price of 47.7 pence per Ordinary Share.

    Following the purchase yesterday, Mr Gerard now holds 40,000 Ordinary Shares, representing approximately 0.09 per cent. of the Company's
issued ordinary share capital. Tribeca Oil and Gas, Inc., a portfolio investment company of Tribecapital Partners S.A., a Colombian Private
Equity Firm, of which Mr Gerard is President holds 15,360,999 Ordinary Shares representing 35 per cent. of the Company's issued ordinary
share capital. 

    Enquiries:

 PetroLatina Energy Plc
 Juan Carlos Rodriguez, Interim Chief Executive       Tel: +57 1627 8435
 Officer
 Pawan Sharma, Executive Vice President - Corporate   Tel: +44 (0)207 808 4851
 Affairs

 Strand Partners Limited
 Simon Raggett / Matthew Chandler                     Tel: +44 (0)20 7409 3494

 Financial Dynamics
 Ben Brewerton / Susan Quigley                        Tel: +44 (0)20 7831 3113


    Additional Information on PetroLatina Energy Plc:

    PetroLatina Energy Plc (AIM: PELE), formerly known as Taghmen Energy Plc, was founded in 2004. The Company is presently focused on
Colombia after the sale of its assets in Guatemala in which it retains a 20% interest in the first three wells and a 20% working interest in
future wells. In Colombia, the Company holds 40% and 20% interests in the Los Angeles and Santa Luc fields on the Tisquirama licence,
respectively, and a 100% interest in the DoMar field which together provided a daily production of approximately 350 barrels per day in the
year to 31 December 2007. In November 2007 the Company secured the extension of the Tisquirama licence for the economic life of the fields.
In April 2006 the Group acquired an interest in two exploration blocks with an 85% interest in Midas and an 80% interest in La Paloma.
PetroLatina also owns the R Zulia-Ayacucho pipeline in the prolific Catatumbo basin which transports crude oil. Present
exploration/exploitation activities in this area should increase the volume of the crude oil resulting in an increased cash flow. Further information is available on the Company's website (www.petrolatinaenergy.com).

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