PELE Petrolatina

 

TIDMPELE 
 
RNS Number : 5362O 
Petrolatina Energy PLC 
30 June 2010 
 

30 June 2010 
                            PetroLatina Energy Plc 
                        ("PetroLatina" or the "Company") 
 
                      2010 Annual General Meeting Results 
 
PetroLatina (AIM: PELE), the independent oil and gas exploration, development 
and production company focused on Latin America, announces that the resolutions 
proposed at its 2010 Annual General Meeting ("AGM") held earlier today to 
approve, inter alia, the granting of authority to the Director 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 (120,000,000 
new ordinary shares), as set out in the notice of the Annual General Meeting 
dated 8 June 2010, were all duly approved by shareholders. 
 
Copies of the presentations which were made to shareholders attending today's 
AGM will shortly be made available to download from the Company's website, 
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 
 
 RAGURRURRKANOAR 
 

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