TIDMPELE 
 
RNS Number : 6078B 
Petrolatina Energy PLC 
29 October 2009 
 

29 October 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 28 October 2009, 
Luc Gerard, a director of the Company, purchased 100,000 ordinary shares of 
US$0.10 each in the Company ("Ordinary Shares") at a price of 56.50 pence per 
Ordinary Share. 
 
 
Following the purchase, Mr Gerard holds 254,200 Ordinary Shares, representing 
approximately 0.56 per cent. of the Company's issued ordinary share capital. In 
addition, Mr Gerard holds options over 600,000 Ordinary Shares, which vest over 
a three year period from 16 October 2009, and are immediately exercisable, in 
whole or in part, up to the fifth anniversary of the date of grant, at an 
exercise price of 44.5 pence per Ordinary Share. 
 
 
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, 
and its related companies hold, in aggregate, 17,022,704 Ordinary Shares, 
representing approximately 37.37 per cent. of the Company's issued ordinary 
share capital and warrants over a further 1,875,260 Ordinary Shares which are 
automatically exercisable if, and to the extent that, any exercise of the 
Company's other existing outstanding 3,482,625 warrants occurs. In addition, 
Tribeca Oil and Gas Financing Inc. currently holds an aggregate principal amount 
of US$11.165 million of convertible 12 per cent. loan notes due 2011. 
 
 
 
 
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)207 766    | 
| Affairs                                             | 0081                   | 
+-----------------------------------------------------+------------------------+ 
| Strand Hanson 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 
 
 RDSBSBDGCGDGGCC
Petrolatina Energy (LSE:PELE)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Petrolatina Energy Charts.
Petrolatina Energy (LSE:PELE)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Petrolatina Energy Charts.