Notice of AGM
June 08 2010 - 1:16PM
UK Regulatory
TIDMPELE
RNS Number : 2851N
Petrolatina Energy PLC
08 June 2010
8 June 2010
PetroLatina Energy Plc
("PetroLatina" or the "Company")
Notice of Annual General Meeting
PetroLatina (AIM: PELE), the independent oil and gas exploration, development
and production company focused on Latin America, announces that the Annual
General Meeting relating to its financial year ended 31 December 2009 will be
held at the offices of Strand Hanson Limited, 26 Mount Row, London W1K 3SQ at
11.00 a.m. on Wednesday 30 June 2010.
At the Annual General Meeting it is intended, inter alia, to seek shareholder
approval for a proposed increase in the Directors' authority to allot equity
securities, without offering those equity securities pro rata to existing
shareholders, up to an aggregate nominal amount of US$12,000,000. The Board
considers that it is in the best interests of the Company and its shareholders
generally, that the Directors should have the flexibility conferred by such
authorities.
A circular containing the Notice of Annual General Meeting and proxy form has
today been posted to shareholders and will shortly be available to download from
the Company's website at www.petrolatinaenergy.com.
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 April 2006 the Group acquired an interest in two exploration blocks:
an 85% interest in Midas and an 80% interest in La Paloma. In November 2007 the
Company secured the extension of the Tisquirama licence for the economic life of
the fields. In February 2009, the Group acquired the Putumayo-4 block in which
it has a retained 50% interest. 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
NOAUWABRRVANRAR
Petrolatina Energy (LSE:PELE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Petrolatina Energy (LSE:PELE)
Historical Stock Chart
From Jul 2023 to Jul 2024
