TIDMPELE 
 
RNS Number : 6739J 
Petrolatina Energy PLC 
01 April 2010 
 

FOR IMMEDIATE RELEASE 
Thursday 1 April 2010 
                            PetroLatina Energy Plc 
                        ("PetroLatina" or the "Company") 
 
             Operations Update - Santa Lucia Sur-1 Exploration Well 
 
PetroLatina (AIM: PELE), an independent oil and gas exploration, development and 
production company focused on Latin America, provides the following update on 
its Santa Lucia Sur-1 exploration well. 
 
The Santa Lucia Sur-1 exploration well, a commitment well, was drilled to a 
total depth of 8,500 feet, at a total cost to PetroLatina of approximately 
US$1.85 million.  The Company has a 50% interest in the well with PetroSantander 
Inc. holding the remaining 50% share. Hydrocarbon shows and a well developed 
sand channel were encountered while drilling through the La Paz formation, but 
evaluation of wire-line logs indicated the reservoir to be water bearing. 
Following this evaluation, the well was plugged and abandoned. The remaining 
prospectivity in the block is being evaluated for future exploration. 
 
Juan Carlos Rodriguez, Chief Executive Officer of PetroLatina, commented: 
"While we were encouraged to encounter a thick sand channel necessary for the 
play, we are disappointed to find the channel water filled.  We now look forward 
to the remaining exploration and development wells to be drilled in 2010." 
 
Mr Menno Wiebe, a Non-executive director of the Company, has reviewed and 
approved the technical information contained within this announcement in his 
capacity as a qualified person, as required under the AIM rules.  Mr Wiebe is a 
Petroleum Geologist and has been a Member of the American Association of 
Petroleum Geologists for more than 25 years and a Member of the Geological 
Society for more than 5 years. 
 
Enquiries: 
+-----------------------------------------------+--------------------+ 
| PetroLatina Energy Plc                        |                    | 
| Juan Carlos Rodriguez, Chief Executive        | Tel: +57 1627 8435 | 
| Officer                                       |                    | 
+-----------------------------------------------+--------------------+ 
| Pawan Sharma, Executive Vice President -      | Tel: +44 (0)20     | 
| Corporate Affairs                             | 7766 0081          | 
+-----------------------------------------------+--------------------+ 
|                                               |                    | 
+-----------------------------------------------+--------------------+ 
| Strand Hanson Limited                         |                    | 
+-----------------------------------------------+--------------------+ 
| Simon Raggett / Matthew Chandler              | Tel: +44 (0)20     | 
|                                               | 7409 3494          | 
+-----------------------------------------------+--------------------+ 
|                                               |                    | 
+-----------------------------------------------+--------------------+ 
| Evolution Securities Limited                  |                    | 
+-----------------------------------------------+--------------------+ 
| Rob Collins / Chris Sim                       | Tel: +44 (0)20     | 
|                                               | 7071 4304          | 
+-----------------------------------------------+--------------------+ 
|                                               |                    | 
+-----------------------------------------------+--------------------+ 
| Financial Dynamics                            |                    | 
+-----------------------------------------------+--------------------+ 
| Ben Brewerton / Susan Quigley                 | Tel: +44 (0)20     | 
|                                               | 7831 3113          | 
+-----------------------------------------------+--------------------+ 
Additional Information on PetroLatina Energy Plc: 
PetroLatina Energy Plc (AIM: PELE) is presently focused on Colombia where it 
currently holds 45% and 20% interests respectively in the Los Angeles and Santa 
Lucía fields on the Tisquirama licence, 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: 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. Having sold its 
assets in Guatemala, PetroLatina retains a 20% interest in the first three wells 
and a 20% working interest in future wells. 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 
 
 MSCZFLFBBZFEBBD 
 

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.