PELE Petrolatina

 

TIDMPELE 
 
RNS Number : 8306N 
Petrolatina Energy PLC 
24 February 2009 
 

24 February 2009 
 
 
PetroLatina Energy Plc 
("PetroLatina" or the "Company") 
 
 
Director's Dealing 
 
 
PetroLatina (AIM: PELE), the oil and gas exploration and production company 
focused on Latin America, was today notified that on Wednesday 18 February 2009, 
Menno Wiebe, a non-executive director of the Company, purchased 200,000 ordinary 
shares of US$0.50 each in the Company ("Ordinary Shares") at a price of 27 pence 
per Ordinary Share. 
 
 
Following the purchase, Mr Wiebe now holds 400,000 Ordinary Shares, representing 
approximately 0.91 per cent. of the Company's issued ordinary share capital. 
 
 
  Enquiries: 
 
 
+-----------------------------------------------------+------------------------+ 
| PetroLatina Energy Plc                                                       | 
+------------------------------------------------------------------------------+ 
| Juan Carlos Rodriguez, Chief Executive Officer      | Tel: +57 1627 8435 / + | 
|                                                     | 44 7525 009616         | 
+-----------------------------------------------------+------------------------+ 
| Pawan Sharma, Executive Vice President - Corporate  | Tel: +44 (0)207 956    | 
| Affairs                                             | 2821                   | 
+-----------------------------------------------------+------------------------+ 
|                                                                              | 
+------------------------------------------------------------------------------+ 
| 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 
currently holds 40% and 20% interests in the Los Angeles and Santa Lucía fields 
on the Tisquirama licence respectively, and a 100% interest in the Doña María 
field. 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 Río Zulia-Ayacucho pipeline in 
the prolific Catatumbo basin which transports crude oil. Present 
exploration/exploitation activities in this area should increase the volume of 
crude oil transported 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 
 
 RDSILFSDFEISFIA 
 

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