Directorate and Management Changes

RNS Number : 6341A
Petrolatina Energy PLC
05 August 2008

5 August 2008

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

PetroLatina (AIM: PELE), the oil and gas exploration and production company focused on Colombia, with additional interests in Guatemala,
announces the following Directorate and Management changes.

Directorate changes

Juan Carlos Rodriguez (46), currently interim Chief Executive Officer of the Company, will become Chief Executive Officer with immediate
effect. As previously announced on 2 November 2007, Juan Carlos Rodriguez has been President of the Company's Colombian subsidiary Petros
del Norte S.A. ("PDN") for several years and is an experienced oil and gas operator supported by an operational team of more than 40 people.
He is also highly respected within the business community in Colombia.

Ciro Mdez (33), currently a Non-executive Director will become an Executive Director with immediate effect.

Mark Patterson has informed the board that he intends to step down as a Non-executive Director of the Company with effect from 5 August
2008. Accordingly, the board of the Company has elected to withdraw Resolution 4, relating to the reappointment of Mark Patterson as a
Non-executive Director, which was to have been proposed at the Company's Annual General Meeting to be held later this morning.

Menno Wiebe (60), has agreed to join the Company as a Non-executive Director with effect from 6 August 2008. Mr Wiebe has 36 years of
energy industry experience as a geologist, manager and executive in international exploration and development projects in Latin America,
Asia and the North Sea. He was, until recently, based in Bogota as Vice President of Exploration for Solana Petroleum Exploration (Colombia)
Limited, a very active exploration and production company in Colombia. He also previously served as a director of Avalon Oil and Gas, an
officer and director of Deep Well Oil and Gas and as the CEO and a director of Pertacal Energy Inc., of Calgary, Canada. Mr Wiebe was the
Vice President and General Manager of Hall-Houston Oil Company in Kuala Lumpur, Malaysia for 8 years and General Manager of Husky Oil
Limited in Jakarta, Indonesia for 4 years. In addition, as the owner of Jacobean Resources, a private consultancy firm, he has conducted
exploration and development evaluations in Yemen, Paraguay, onshore UK and Colombia. He held senior geologist positions with Bow Valley Industries (Indonesia), Occidental Petroleum (Libya, Scotland,
USA, India and Australia) and Hudsons Bay Oil and Gas (CONOCO) in Canada. His educational background includes a BSc (Honours) in Geology
from the University of Manitoba, Canada and an MBA from the University of Warwick, England.

Management change

Sebastien Garnier (33), currently Administration and Finance Manager of PDN, will become a member of the senior management team as Chief
Financial Officer of the Company with immediate effect. Sebastien Garnier has been PDN's Administration and Finance Manager for the past 3
years, and has more than 10 years' experience within the International Oil and Gas Industry. He previously held the same position within a
Total subsidiary in South East Asia, Friedlander Ortec Group in Africa and Perenco in Colombia. Sebastien holds a Masters degree in Finance
from Paris-based E.S.I.A.E (International Superior School of Business Management). He also holds a degree in Mathematics and Natural
Sciences.

Luc Gerard, Executive Chairman, commented:

"We are very pleased to have Juan Carlos and Sebastien step up to the role of CEO and CFO respectively. They bring a wealth of
experience and knowledge that will be invaluable to the future development of the Company.

We are sorry to see Mark step down from the board and wish him well in his future endeavours.

We welcome the appointment of Menno, an industry veteran, to guide the Company's investment in Latin American opportunities. Menno has a
great deal of experience in South America, not only in terms of regional relationships but also in day to day production that will be of
significant benefit to the future development and growth of PetroLatina."

Enquiries:

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

Mr Wiebe is currently a director or partner of the following companies or partnerships:

Saha Petroleum Limited

Mr Wiebe has held the following former directorships within the past five years:

Avalon Oil and Gas Inc.
Deep Well Oil and Gas Limited
Minarak Energy (UK) Limited
Pertacal Energy Inc.
Zeppelin Energy Inc.

There is no further information required to be disclosed in accordance with Schedule Two paragraph (g) of the AIM Rules in relation to
Mr Wiebe.

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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