Holding(s) in Company
March 12 2009 - 1:14PM
UK Regulatory
TIDMPELE
RNS Number : 7919O
Petrolatina Energy PLC
12 March 2009
12 March 2009
PetroLatina Energy Plc
("PetroLatina" or the "Company")
Holding in Company
PetroLatina (AIM: PELE), the oil and gas exploration and production company
focused on Latin America, today received notification from Crosby Buyout VII
Limited that as at 5 March 2009 Crosby Buyout VII Limited was interested in
1,900,000 ordinary shares of US$0.50 each in the Company, representing
approximately 4.33 per cent. of the Company's issued ordinary share capital.
Enquiries:
+--------------------------------------+---------------------+------------------+
| PetroLatina Energy Plc | | |
+--------------------------------------+---------------------+------------------+
| Pawan Sharma, Executive Vice President - Corporate Affairs | Tel: 020 7956 |
| | 2821 |
+------------------------------------------------------------+------------------+
| | | |
+--------------------------------------+---------------------+------------------+
| Strand Partners Limited | | |
+--------------------------------------+---------------------+------------------+
| Simon Raggett / Matthew Chandler | | Tel: 020 7409 |
| | | 3494 |
+--------------------------------------+---------------------+------------------+
| | | |
+--------------------------------------+---------------------+------------------+
| Financial Dynamics | | |
+--------------------------------------+---------------------+------------------+
| Ben Brewerton / Susan Quigley | | Tel: 020 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
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