Web Site : http://www.petrolatinaenergy.com


SUMMARY of PELE as of 24th Jan 2008, please see post 190 on page 10


Link to Page 10 of posts

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3

4

RNS Number:5630G
Taghmen Energy PLC
21 July 2006
TAGHMEN ENERGY PLC
("Taghmen" or the "Company")
Name Change

Taghmen Energy Plc, an independent oil and gas exploration, development and production company, focused on Latin America and which listed on AIM in January 2005, is pleased to announce that all necessary filings and approvals have been granted relating to the change in name of the Company. With effect from 24th July 2006, the Company will change its name to PetroLatina Energy Plc and will trade on AIM under that name using the ticker symbol "PELE"

21st July 2006

Sey.Pierce July 2006 Research Report : http://tinyurl.com/faasm

There we go, might be looking at overhang clear..........

L2 now 4 v 2 @30/36

Thanks PP, let's hope this PELE is as popular as it's namesake, I'm still hanging on to these even though showing a significant loss, prospects do look good, as they did (do) at VOG & CHP (holder) & look what's happened there. With plenty of possible good news to come over the next 6 - 12 months let's hope PELE starts scoring some decent goals.
2517

Definitely looks like the overhang is clear then :)

Still going strong.

L2 now 2 v 1 @35/40

PP, at last a bit of blue, still a way to go until the core net asset value of 47.3p is reached though, and then news flow required to drive it back up further. Thanks for the link to the Sey. Pierce Report. Still with you on this one :-)

Hopefully now the overhang is clear, and with plenty of news due in the 2nd half with the 1XA sidetrack and also the workovers at Atzam and Tortugas, PELE can be trading with a slight premium to net core assets....... :) Pending !XA news I would say the 50p to 55p range is where it should be, and thats a lot of upside still, which hopefully in the months ahead we can fill.

What is heartening now is that while the other pure explorations oils are calming down and their prices falling from previous high's, PELE now with production and expansion of production is rising up from lows. A shift in trend away from pure future expectation with no present revenues and back to genuine production and sales revenue I think. This is one reason I also like AST, as AST has less production, but has some, but has bigger amounts of exploration potential than PELE. Stocks like AST and PELE are ones to hold if you like a mix of production and exploration I think, and that is the safer place to be at the moment.

PP, I already have a smaller holding in AST and agree your analysis. I see you also have an interest in RIFT - good news today, I've been watching and waiting, perhaps a good buying opportunity once the dust settles from today's news whilst analysis takes place.

PetroLatina Energy plc AIM: PELE
Sector: Energy Industry: Oil and Gas Exploration

Interview With:
Nicholas Gay
President & Chief Executive Officer
Dated July 24, 2006

Listen via Windows Media Player, link below :
http://www.wallstreetreporter.com/interview.php?id=19282&player=wma

Listen via Real Player, link below :
http://www.wallstreetreporter.com/interview.php?id=19282&player=real

Plenty of confirmation in the interview for those listening to it. Good performance as well today by the SP, held up well.

Broker Forecasts :

Seymour Pierce 11th July 06 BUY

2006 PTP 1.42m
2006 EPS 1.14p

2007 PTP 8.25m
2007 EPS 6.63p

An interesting article, and certainly the case of May/June and July I think, however normally when they talk about it means that the cycle is ending and they are then on the buying alert, would still say for small caps and AIM that later in August should see a very nice run into year end for the AIM and small cap indices, as the main listings will be more fully valued, so the gains will be made on small caps again for a good few months......fund managers will know that, and should be the buyers later in August and September.


http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=83788


Evershed: small caps caught in 'vicious circle' of decline

Published: 07:00 Tuesday 25 July 2006 By: Victoria Kelly, News Correspondent

Small cap managers are being forced to sell stocks at knock down prices to finance large redemptions from their funds in what appears to be a vicious circle of decline, New Stars Patrick Evershed has warned.
The New Star Select Opportunities (New Star Select Opportunities) fund manager said market jitters following the May/June sell-off combined with a large number of new issues had depressed prices and prompted a knee-jerk reaction from investors.
Evershed said he had been rung up several times recently by brokers looking to sell quality shares cheaply because a fund manager was a forced seller. Some managers were prepared to shoulder a 5% or 10% loss in order to create liquidity, he said.
Some unit trusts are seeing big redemptions so they are having to sell some of their smaller companies stocks and this is depressing the market even more, he added.
Evershed is maintaining his cash weighting at 10% to cater for potential outflows and also to pick up some of the excellent opportunities being created.
Small cap funds have been hit hard since 8 May. The FTSE Small Cap index is down 9.5% over 71 days to 18 July while the AIM index has slumped 18.9%.
Eversheds fund is also suffering it has fallen 12.4% although his longer-term record is strong.
The problem is I cant cross my heart and say that from these very attractive levels they will go up, he said. They could fall further.

Petrolatina Energy PLC 03 August 2006

http://www.petrolatinaenergy.com


DIRECTORS SHAREHOLDING


PetroLatina Energy Plc ('PetroLatina' or the 'Company') an independent oil and gas exploration, development and production company, focused on Latin America,
advises that 250,000 ordinary shares have been issued and allotted following the exercise of the equivalent number of $0.10 warrants in the Company by existing shareholder, Taghmen Ventures Limited ('Taghmen Ventures'). Application has been made for the new ordinary shares to be admitted to trading on the Alternative Investment Market ('AIM') of London Stock Exchange plc. Admission of the new ordinary shares is expected to become effective on Thursday 10 August.

Taghmen Ventures is a company in which Gregory Charles Smith, Chairman of PetroLatina Energy Plc, holds a beneficial interest. At the time the above shares are admitted to the market, Gregory Charles Smith and companies in which he has a beneficial interest will hold 17.70% of the issued ordinary share capital of the Company.

For those interested, as I have posted on AFN before, I would expect the next operations update in September.

PP, SP weakness today, MMs?

Seller silvermede, someone put out 75K at 28p a few days ago, and returned today with 25K at 28p sell and then the one that knocked it down was a 79K at 26p........odd number might say they were cleared out with the 79K at 26p.

Ops update in September and I know of no bad news coming, so purely a seller imo. caused the drop down.

PP, Thanks for that. Rather shake out those weaker/shorter term investors now than later.

Looks like WINS took the 79K at 26p yesterday, presently selling it back to buyers at just under 28p, rest of the MM's on 32/33 offer.

News of fund raising and update look interesting, and not long to wait (september) for more updates by the look of things, although still nursing a loss I will continue holding, I would normally top up at these lower levels but I have enough exposure to oil co's, besides there are some value plays to be had.
2517

It does rather look as if the new shares were issued @ around the 20p mark so further weakness tomorrow could be expected I suppose, stick with it I guess.
2517

I'll post a post of mine earlier, no real surprises in the news today.



PapalPower - 1 Sep'06 - 02:13 - 261 of 261


It was obvious that a further fund raising would take place, as the cash was used to pay for PDN (as stated in the PDN acquisition RNS). It should also not come as a surprise given the recent warrant excercise from Greg Smith, that pointed to working cap levels getting low.

Surprised at it being done now.........yes and no. NO because working cap would be getting low, NO because everyone knew it had to happen sooner or later for pay for PDN, YES timing of placing wrong (FD now gone), they should have done it before (did Geoff advise not to do it earlier?) when the PDN deal was done. NO because the markets could go for a serious October correction (best get your fund raising done now in case), YES because if working cap was not low, they should have waited a few months for positive news balanced against possible market correction later as well.
I would assume therefore that Geoff's departure might have be a prerequisite of the Institutions who brought in, and have now seriously averaged down their prices present holding prices.
Around 20p - same level that Liberty Square was taken out at with that large cross trade.

No real surprises at all, as I have said recently, buy for the long term, and see if they achieve the 3500 bopd output by end 2007.

No doubt the numpties will all say its PP's fault, LOL, but thats the green eyed monster kids for you.

All I'll say, if you want to hold then hold, if not don't. I'm happy to hold and add on further weakness and judge them again come end Dec 07.

Oil and Gas and mining has its ups and downs, VOG has been well over 200p and well under 100p, EME has been near to 200p and down to 30p, AEN was a dream and now is a nightmare. They go up and down with progress, its a simple as that, PELE the progress has been dissapointing, so it goes down. Their assets are still there assets though, so a fall in the SP due to lack of progress will soon be corrected when they finally do get some progress.

Plenty going on, including a new little gas well, and in some ways I am happier that this placing is out of the way, its been in the back of peoples minds since they announced their intention to buy PDN that it had to be done, now it is, so thats it.

Plus side, the new gas well revenue should more than make up for the dilutive effect, and so Seymour Pierces EPS target of 6.63pence for 2007 should hold :)

Even if they get only 5 pence EPS in 2007, is that not good ? ;) LOL

Anyone has any questions, your know Nick Gay's email.

Another copied post of mine for info :

PapalPower - 1 Sep'06 - 06:08 - 262 of 262

7kiwi with present increases I would guess around the 2 to 2.5 million pounds per year after all deductions net revenue to PELE from this new gas well (at the minimum of 6 mmscf per day stated). Any higher flow is upside, anyless is, well you know, that PELE feeling ;) LOL

I have tried a little Guatemala ops update of myself :

3X - Pressure build up testing - will produce - when is a different matter - maybe some time in 2007.
1X - Testing starts September, so perhaps January or February 07 news there as it should go on long term testing.

Huapec new well - I would guess on site in October - drilling late October/early November - then on to long term testing - news around April 2007

Atzam 2 workover - should be first up, most likely finished end October.
Tortugas - 5 workover - pending - possibly November
Totugas - 4 workover - pending - possibly December

Three new wells at Tortugas - pending - Q1 (or Q2) 2007.
_____________________________________

Colombia is a different beast as its got the PDN going concern there, which should mean Colombia plans will proceed according to planned schedules. I would guess given the delays on Tortugas workovers they have decided to delay the 3 new wells at Tortugas and go for cash flow, being the new gas well and pipeline in Colombia - which makes sense to me.

All IMO. DYOR.
________________________________________

"7Kiwi - 31 Aug'06 - 20:55 - 253 of 261

If they can achieve $3, before royalties, maybe $1.50 after, then that works out, by my reckoning to 1.5-2m net revenue per annum, assuming 360 days of operation."

Cannot remember who posted elsewhere saying RAB did not hold, they do, both the Special Situations and the Energy Fund.

The new shares in the placing should be split amongst some of these larger holders, so lets see who it is later.


________________________

Broker Forecasts :

Seymour Pierce BUY

2006 PTP 1.42m
2006 EPS 1.08p

2007 PTP 8.25m
2007 EPS 6.27p

________________________

Present major holders :

Gregory Charles Smith = 13,600,001 (DIR)
Millennium Global High Yield Fund Ltd = 8,264,959
Chasm Lake Management Services LLC = 5,615,385
OCH Ziff Capital Management = 5,200,000
Artemis Inv Mgmt Ltd = 5,000,000
RAB Energy Fund Ltd = 4,480,770
Fidelity Investment Services Limited = 4,446,655
RAB Special Situations LP = 3,713,077
Metage Funds Ltd = 2,846,155
Moore Capital Management Inc = 2,538,462

Other Directors

James De Vaux Guiang 1,000,000 (DIR)
John McNeil Scott 800,000 (DIR)
Nicholas Hugo Gay 780,000 (DIR)

Make a note of the 25th October 2006 in your diary if in London or visiting. PELE should be at the One2One Forum of http://www.proactiveinvestors.co.uk on that day.

Your chance to not only see the latest presentations and updates, but your chance to have a word with Nick Gay and ask your questions direcly to the man.

This is where the placing shares went then :


Petrolatina Energy PLC
13 September 2006


PetroLatina Energy Plc
('PetroLatina' or the 'Company')

Holding(s) in Company


Petrolatina Energy Plc ('PetroLatina' or the 'Company') an independent oil and
gas exploration, development and production company, focused on Latin America,
has received the following notifications of interest:

Och-Ziff Capital Management Group ('Och-Ziff') have notified the Company that
following the recent fundraising, Och-Ziff has a interest in 10,457,700 ordinary shares in the Company, which represents approximately 10.1 per cent of the entire issued ordinary share capital of the Company.

Artemis Investment Management Limited ('Artemis') have notified the Company that following the recent fundraising, Artemis have an interest in 9,000,000 ordinary shares in the Company, value which represents approximately 8.60% of the entire issued ordinary share capital of the Company.

Millennium Global Investments Ltd. have notified the Company that following the recent fundraising, Millennium Global High Yield Fund Limited holds 12,012,853 ordinary shares or 11.45% in the Company and Millennium Global Natural Resources Fund holds 5,283,400 ordinary shares or 5.04% in the Company.


13th September 2006

Nice write up (28th Sept 06) :

http://www.proactiveinvestors.co.uk/articles/article.asp?PELE

October 25th there is a 1-2-1 Forum by Proactive Investors featuring PELE. 30 minute presentation and a chance to chat to Nick (I guess he will do the presentation).

Free to attend, details below :

0ne20ne Forum

West End, 5:30 for 6pm, 25th October
October 25th, 2006
5:30-8:30PM

Horizonte Minerals (AIM:HZM) will update investors on progress in Peru and Brazil since listing on AIM earlier this year.

Petrolatina (AIM:PELE) will update investors on operations in Guatemaula and Colombia and also on the recent acquisition of PNS.

Two 30 minute presentations will be followed by canapes and open bar. To attend simply email ian@proactiveinvestors.com or call on 07738717275. Venue will be disclosed once you have registered your interest.

http://www.proactiveinvestors.com

PP, just noted that EK from t1ps has gone long on PELE with figures of 100p in mind.

We shall see, but perhaps sentiment is begining to change??

100p is not out of the question, if Guatemala starts to produce and also the Midas field comes good next year :)

silvermede - what does EK say?

EK says nothing, apart from the 100p target.

25th October 2006 from 17:30 to 20:30 (18:00 start)

Presentations by PETROLATINA and Horizonte Minerals.

Free to attend but must register first (again free). You can click on the image above, or email ian@proactiveinvestors.com or call on 07738717275 or click on the following link :

http://www.proactiveinvestors.co.uk/eventregistration.asp

Venue is the Chesterfield Mayfair.

Out now on the free uk-analyst.com email today about EK's diary entry last week, with his long in PELE. Extract below :-

...............""Kensington (KGN) continues to rise and now looks a good time to open a short. Regrettably I am already been short for the past 700p of upside but my day will come. Recent drilling news from Oilexco's (OIL) North Sea operations looks pretty bad to me and in a sector full of huff and puff this looks more overvalued than most. I have opened a short. However, I have opened a long position in Petrolatina (PELE) at 20p. The diarist asks for the fundamental analysis behind this trade. Impertinence. A chap I know tells me that the shares could go to a pound. My fundamental analysis is that my pal knows what he is talking about. And that is that. I admit that family Cawkwell already has some exposure as Pele was formerly known as Tagmen and I was in that at 70p. But that is a trivial detail."...........................

Well worth a look through it :

October 06 Powerpoint Presentation Link Below :

http://www.petrolatinaenergy.com/documents/PLE_Investor_Presentation_10_06.pps

PP, Thanks. Strong cash generation from Oil Sales by year end. :-)

Thanks PP, bought a few more as they look cheap on Mkt Cap vs future revenues.DYOR

Pick up in buying volume today, lets hope finally something good is around the corner after so much disappointment in Guatemala so far.

Yes I hope so too, it's a long way to Tipperary, but it's even further to reach the price I paid for PELE.
2517

Me to George,these have been an absolute disaster for me so far.

Well, I have been holding for 18 months now, and still down 50% on my average price, so an even longer disaster for me, however, the coming months SHOULD, hopefully, make all that pain a little more worthwhile.

We will see....... fingers crossed :)

Averaged down to 25p..........hope we are currently seeing the bottom.....certainly prospects look good enough!!!

Grateful for any feedback from the Proactive One2One Forum with PELE this evening from any attendees. Hope its fruitful.

Post from AFN summarising the presenation last night :



Cerrito - 26 Oct'06 - 12:24 - 529 of 531


The following is what I picked up last night with a clarifying call with the company this morning.
I see no reason to sell except to lock in my considerrable losses for cgt purposes and am still pondering whether to increase my holding.

I am assuming that the handoutt we were given last night corresponds to what is on the website which I have had difficulty opening.

Guatemala

Atzam ready to roll with the work over with a further short delay on Tortugas while they negotiate with the villagers and move the workcamp. You will note that Tortugas well work over scheduled to start in Dec in the charts.

Cash Position

Told that Capex will be lighter in the first quarter 07 than the present quarter so will not continue to loose US1m a month on average..Q4 cash loss of $3m also impacted by convertible loan repayment of $410k. Surprising to me that Guat capex is so high ie $2.3m in quarter.
They say that Serafin should be delivering gas by 4 07..payment terms not exactly defined yet but my interpretation of what they said is that if the $600kinvestnment has a 2.5month payback then by say the end of September at the latest they should have received a cash flow post expenses of same $600k.
They are anticipating having resolution on the PDN contract extension at turn of year which would trigger the $13m payment if successful; were told that they have an outline( my memory is that was the word used) agreement with Maquirre to fund that or part of that(amount not specified) on a long term basis. Note that $7m bridging loan has not been repaid
The cash position looks tight especially when it is not clear that they will be getting any revenue from Guat in say the first quarter 07.
Third quarter 06 cash flow was: start$4.6m; PDN income $2m; Fundraising $9.8m. The cash outflow was $3m op expenses; $3.5m capex; $0.5m PDN acquisition fees and $1.5m payment of creditors leaving us with starting cash 1 oct 06 of $7.8m
Big picture anticipated capex expenditure for 2007 is that for the first three quarters it will be relatively light and then picking up in the fourth quarter as Colombian drilling starts.

Other

Comment made that Serafina a biogeneric(?) gas field which therefore means it is small but normally if there is one there is another nearby.
Rig rates in Colombia starting to weaken abit and comfortable with rig availability when they start to drill at end of 2007.
shallowness of Guat drilling contrasted with that of Col drilling(Midas,La Paloma) up to 14000ft.

This is an extract from EK's diary (at www.t1ps.com ) on Friday 3rd Nov :


"................I had a chaT with my man the other day and Petrolatina (PELE) is absurdly cheap. Its shares fell the other day as it drilled a dry hole. But this hole was always going to be dry. It was an obligation well. With that out of the way the real fun can now begin and my target is 50p...."

10th Nov 06

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1163125138&id=0&feed=oilbarrel_en&body=0&type=

Next news should be Atzam-2 workover by the way, it will take around 2 weeks to complete, and should be starting around now. Therefore news on that late this month or early next. The market says it will fail, by its pricing of PELE, therefore it could either confirm that, or offer some good upside.

RNS Number:7958M Petrolatina Energy PLC
28 November 2006
PetroLatina Energy Plc
("PetroLatina" or the "Company")

SERAFIN GAS DEVELOPMENT

Petrolatina Energy Plc ("PetroLatina" or the "Company") an independent oil and
gas exploration, development and production company, focused on Latin America,
is pleased to announce it has initiated development of the Serafin gas
accumulation in Colombia as expected.

RATIONALE & CASH FLOW
The Serafin gas accumulation was discovered in the early 1990's and tested at
flow rates of up to 16 million cubic feet of gas per day. Recent increases in
the price of gas in Colombia to $2.50 / $3 per thousand cubic feet mean the
project offers strong short term cash flow and economic returns, with projected
pay back in 5 months. The first commercial deliveries of gas are expected in the
second quarter of 2007. The revenues from this project are expected to increase
PetroLatina's annual cash flow substantially from its Colombian operations.

PRODUCTION POTENTIAL
Based on the above test rates and pressure data, gross reserves are estimated
between 4 and 8 billion cubic feet of biogenic gas. The plan is to re-enter and
work over of the well in January 2007.

PetroLatina believes there could be additional similar biogenic gas
accumulations on the licence and is currently conducting studies using its
existing 3D seismic coverage to identify further drillable prospects.

PetroLatina has a 50% interest in the project.

Further information on the Serafin Gas development can be found in the
'Background Information' section overleaf.

Nicholas Gay, President and CEO, commented:
"The initiation of the Serafin Gas accumulation is a key milestone in the
Company's development. We are now firmly focussed on Colombia where we already
have a revenue stream from oil production of approximately 500 barrels of oil a
day and pipeline tariff income. The Serafin gas development has proven test
rates and will provide the Company with additional early cashflows as well as
substantially increasing our revenues from Colombia. Management is pleased to
see the Company moving ahead as planned and we are excited about the further
developments over the coming months."

REVIEW OF RELEASE
This release has been reviewed by the Company's Chief Operating Officer (Mr. J.
Scott), and the Chief Geologist (Mr. K. Dean who is a Fellow of the Geological
Society, London).

Messrs Scott's and Dean's biographies are on the Company's website, which can be
found at www.petrolatinaenergy.com .

Has to be good news but a whole lot more needed to get the sp moving upwards.
2517

RNS Number:5869N
Petrolatina Energy PLC
11 December 2006



PetroLatina Energy Plc

("PetroLatina" or the "Company")



Rio Zulia - Ayaccucho Pipeline Update





Petrolatina Energy Plc ("PetroLatina" or the "Company") an independent oil and
gas exploration, development and production company, focused on Latin America,
is pleased to announce that EcoPetrol SA (the Colombian State oil company) and
PetroBras Energie Internacional, (one of the world's leading oil and power
companies) have signed an agreement to develop the Tibu Field in Northern
Colombia, which is expected to lead to a significant increase in the flow of oil
through and revenue from the Company owned Rio Zulia Ayaccucho pipeline (the
"Pipeline").



Tibu Field



Under the terms of the announced contract, the partners in the project will
invest US$40 million over the next two and a half years and, accordingly,
estimate that oil production from the Tibu Field will rise to 15,000 barrels of
oil per day ("bopd") from its current level of 1,800 bopd. Under the terms of
the existing transportation agreement, this would increase PetroLatina's net
income from the Pipeline to US$6.0 million from its current level of US$1.5
million per year.



The development agreement is also expected to lead to confirmation of reserves
in the Tibu Field of an estimated 100 million barrels.



Rio Zulia Field



In addition to the above agreement, Ecopetrol SA have also commenced an extended
exploration drilling programme near their Rio Zulia Field and in close proximity
to the Pipeline. This drilling programme is expected to commence in 2007 and if
successful is also expected to increase significantly the flow of oil through
and revenue from the Pipeline.



The Pipeline currently transports an average of approximately 2,800 bopd from
the Rio Zulia and Tibu Fields in Colombia.



Rio Zulia - Ayaccucho Pipeline



The Pipeline was acquired as part of the acquisition of Petroleos del Norte
S.A.("PDN") in June 2006.



The Pipeline has a design capacity of 25,000 bopd. Success during the initial
development phase of the Tibu field will bring the pipeline close to full
utilization.



Based on an external evaluation carried out at the time of the acquisition of
PDN, US$10 million was attributed to the value of the Pipeline given its
prevailing throughput. The underlying value of the Pipeline will therefore
increase with the additional throughput usage.







Nicholas Gay, President and CEO, commented:



"At the time of the acquisition of PDN, we saw the Pipeline as a hidden source
of value. One of the keys to unlocking this was the development of the Tibu
Field. This development and the recently announced Serafin Gas project starts to
highlight the true worth of the PDN acquisition to create early revenues and
long term cash flow for the Company."



-ENDS-

This is excellent news especially if it is confirmed re the 100mbo reserves at the Tibu field, this gives visibility of earnings just from the pipeline way out into the future, and the value of the pipeline as an asset will have soared.
2517

Yes, good news.

If additional cash flow can sustain development activities, this could rise sustantially from here imo. Market Cap of just 22M ......I'm in! DYOR

This is a STRONG BUY now at 20p.

small section in the Times today, specualtive punt could be onwards and upwards from here IMO, any price targets floating around?

http://www.stockmarket-channel.tv/default.asp?eid=56

Quotes from Greg Smith.

Pipeline alone worth more than m/cap

PELE value should be worth 180 million dollars.

Profit for 2007 12 million dollars, which includes 6 million from pipeline.

PELE valuation ludicrous right now.
Chairman said every well drilled to date showed oil, they were having major problems and needed a larger partner to get it out but every one involved confident of at least 30 million barrels down there.


Well worth a listen.

.

I make that an sp around 100p and a pe of about 4, that would be nice, or maybe it's wishfull thinking.
2517

Well, its correct, fair value is around 100p.........

That should also be the target of any takeover offer.

It certainly looks like the pipeline is going to be a cash cow for a long time to come.
2517

It does indeed.

6m a year revenue, pretty much fixed from 2008 onwards. That alone would be worth around 36m $ if you sold it, based on 6 times revenues (EG the pipeline alone is worth more than the market cap of PELE at the moment)

You can listen to Greg Smith (the Chairman) speak about PELE on the link below, this was from Tuesday of this week.

http://homepage.ntlworld.com/susan.shirley1/tu/pic/PELEup.wav

Is the price being forced down to encourage buying, or are they letting institutions in.

Looking strong, and still at this level very undervalued.

As always, value will out, so just a case of being patient.

From AFN :

blackbear - 21 Dec'06 - 11:52 - 885 of 885

Robin Amlo from Moneyextra.com speaks of Petrolatina on winnifred T.V , another bullish analyst with more credibility than most.

Small Audio file

http://homepage.ntlworld.com/susan.shirley1/tu/pic/robinamlo.pele.wav

Hi PP.

I see you have an interest in here, normally I would look deeply at this because of your interest but this has been heavily ramped on many threads by some idiot on ADVFN.

I therefore abstain.

If anything needs to be ramped so much, there has to be an ulterior motive or reason, and I deduce the unramped ones bear the research you are obviously doing here.

I think the ramping has been a very big turn off over there.

You must have seen it and despair?

Hi PP, from t1ps - EK's diary. Simon C has had a recent telephone conversation with Greg Smith, is re-assured and remains long, as do I. :-)

Thanks silvermede.


Do not forget to get your 5 top picks for 2007 into the Stock Challenge competition.

Link below, click on the "Entry Form" tab, and then "2007 Annual"

http://www.stockchallenge.co.uk/sc/index.htm


Happy New Year to All

Hi again PP, just seen your link for silvermede about stockchallenge. Hope you dont mind, but I'd never seen or heard of this before, so I've used it and entered both Jan 2007 plus annual 2007 for a bit of fun.

oilrag, its a fun competition, free to enter and with a prize for the winner, so welcome to playing that.

I normally do crap on it, as the spreads I have to make up on the monthly challenge can be challenging (sometimes its best to pick stocks with a minimal spread percentage on the monthly competition). However, hoping for a good run this 2007 competition.

PP, Thanks have entered the 2007 Annual Comp. Good Luck & Happy New Year!

Hi, PP and silvermede, just checked on stock challenge and unless people use different handles for these comps then we are the only three names that I recognise. There are 350 entries in the annual one and 200 in the January one. Good luck to you both, What do you think your prospects are with your entries?

Hi oilyrag, nice to see PELE start with a bit of blue.

I am hopeful this year, but of course, anything can happen, including wars and market meltdowns, so at this stage best not to make any predictions :)

Thanks to PP I also have entered the annual 2007 stock challenge.
2517

Well, we should all remember at this stage that the Atzam-2 workover was the most likely to fail of the three (being Atzam-2 workover first and then Tortugas-4 and Tortugas-5 still to come).

So while the price may be rising in anticipation of news, there is a good chance the news coming will be of failure at Atzam-2 ( however of course it could be news thats its been a success, which would transform the outlook of PELE somewhat ).

Hi all, as the song goes, it aint where you start, its where you finish. Some large spreads to overcome but then we must all be fairly confident for the rest of the year in our selections. PP, you and I have three out of the five selections identical.
We must have similar portfolios and targets in mind.

Lets both hope those targets become actual prices then :)

Would be nice.

1 MM up so far today on L2.

Its now 2 v 1 @24/26.5

Actual is :

KBC 24 SEYP 26.5
WINS 24 CANA 28
SEYP 23.5 WINS 28.5
CANA 23 SCAP 29
SCAP 22 KBC 29

Hi PP, just posted a new thread on TMC regarding institutional investments. Would be intrested to know if you know of any more that I may have missed.

Hey mr. blue sky. Nice jump.

LONDON (AFX) - Buyers pursued Petrolatina Energy, 3-1/4 pence better at 27-1/4, after the company upgraded estimated resources at the La Paloma oil field in Colombia. It suspended work on the Tortugas license in Guatemala, however, after failing to secure the consent of the local government.

La Paloma is now believed to be holding unrisked recoverable resources of up to 90 mln barrels, up from the initial estimates of 20 mln barrels, said the group in a statement.

Good news all around, including the "force majeure" on Tortugas :)

Yes, papalpower, do u think this will go up further?

Certainly will over time IMO, maybe not now, but in time this should around 100p.

They have producing assets, they are bringing more production on line and will have good earnings. Thats what the market wants in oil stocks now.

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1168567220&feed=oilbarrel_en

12.01.2007

PetroLatina Energy Looks Ahead To Better Days As La Paloma Reserves Soar

Things have got off to a flying start for PetroLatina Energy in 2007. Shares in the AIM-listed firm have been heading up since it announced in December the Tibfield development in northern Colombia which is expected to significantly increase the flow of oil through its Rio Zulia - Ayaccucho pipeline.

The 15,000 bpd field, operated by state firm EcoPetrol and a division of Brazils Petrobras, should eventually raise PetroLatinas pipeline income from about US$1.5 million a year to US$6 million.

But this week the company yielded another pleasant surprise, massively bumping up reserves at its La Paloma exploration license in Colombia in the Middle Magdalena Valley.

PetroLatina now believes that un-risked recoverable resources at the site are closer to 90 million barrels instead of the previous 20 million barrels estimate. This gives the company a net 58.5 million barrels to play with, more than four times the earlier figure. The results are formulated on the existing seismic and well database, which are being studied together with the nearby Midas block.

A new seismic acquisition programme across both blocks is set to kick-off this month to further investigate what is now proving to be an encouraging story.

What a difference a year makes. Last year was pretty awful by and large for the group, with share prices sliding through much of 2006. This, despite the acquisition of the Petroleos del Norte assets which form the basis of the current work schedule. The business also includes around 500 bpd of output from three Colombian oil fields - Los Angeles, Santa Lucia and Dona Maria.

Things are also gaining momentum at the Serafin gas accumulation with a work-over rig expected to move into position next week. The initial results from production testing are due in by the end of the month, says Nicholas Gay, PetroLatinas president and chief executive, whio reckons his company is looking at better times in the year ahead.

The revised estimates from La Paloma combined with the news announced previously on the Rio Zulio - Ayacucho pipeline and the forthcoming testing on the Serafin gas accumulation underlines the value of the Colombian portfolio of assets put together in 2006.

PetroLatina is expected to build on this portfolio shortly as it nears completion on three technical evaluation areas also acquired through its acquisition of Petroleos del Norte. An application to extend at least one of these into full exploration licences is expected during the first quarter.

The positive news flow from Colombia is offset to some degree from Guatemala, where the company has been refused access by the government to the Tortugas area of its concession. PetroLatina has declared force majeure at the site with all operations on the license suspended with the exception of the Atzam-2 well.

This is more encouraging with the firm now embarking on clean-up operations with a view to further testing of a work-over well completed at the tail-end of last year. The well encountered a strong pressure regime and oil flowed to the surface, according to PetroLaina, though remedial work on damage to the casing and cement work is necessary before the site can be fully tested.

The outlook has certainly improved somewhat, still sat on a hefty loss but I will bide my time, and look forward to a better 2007
2517

I put these 2 posts on AFN today, so just copying them over for reference.


***********************

PapalPower - 12 Jan'07 - 10:56 - 1057 of 1060


As Atzam-2 had strong oil shows, I'll let you know some more about it.

In 1993 tests after drilling Atzam-2 flowed at over 1000 barrels of liquid per day, the split was between 600 barrels of oil to 800 barrels of oil per day, the additional being water.

The well died after a small amount of flow testing (turning to all water and no oil), this was deemed to be potentially due to bad completion and thus water infilitration. It was suspended at that time, due to low oil prices and not wanting to spend more money on it.

This is why it was one of the wells chosen for workover now that PELE have the license. Now, if the casing and cement damage can overcome the initial bad completion of the well as part of the continuing workover, well things might get interesting. Although I would still say be expecting failure on Atzam-2, there is a chance for significant upside :)

*****************************

PapalPower - 12 Jan'07 - 13:40 - 1060 of 1060

The other interesting note is that the 200bopd for a Guatemalan well was based on Totugas 4 and 5. These were suggested to be worked over and flowed at 200 bopd.

Atzam-2 was considered interesting enough to work over, but nothing firm.

Now, could Atzam-2 surprise, and in fact replace the potential total output from Tortugas now........its a scenario that could happen, so worth a note, even if I am still weighted towards Atzam-2 being a failure, perhaps.

Jan 2007 Update :

http://www.objectivecapital.co.uk/petrolatina-updatejan07.pdf

Thursday 22nd February 2007, 9.00am to 1.00pm
followed by buffet luncheon

Venue: The Brewery, Chiswell Street, London, EC1

In association with BDO Stoy Hayward

The companies presenting are:

Afren Plc

Geopark Holdings Ltd

Gulfsands Petroleum Plc

Heritage Oil Corp

PetroLatina Energy Plc

Salinas Energy Ltd

http://www.oilbarrel.com/home.html

Petrolatina Energy PLC
01 February 2007

PetroLatina Energy Plc

('PetroLatina' or the 'Company')

MANAGEMENT CHANGES

PetroLatina Energy Plc (AIM: PELE), an independent oil and gas exploration,
development and production company, focused on Latin America and currently
producing approximately 500 barrels of oil per day, announces the following
management update.

Nicholas Gay, Chief Executive Officer, has advised the Company he will be
stepping down from the Executive Board to pursue other opportunities but has
agreed to remain as a Non-Executive Director, with effect from 31st January
2007.

Mark Patterson has been appointed to the Company's Board as an Executive
Director with immediate effect. Mark has over 25 years experience in the oil and
gas industry throughout the Americas, which significantly strengthens the
management team in Central and South America.

Mark is Managing Partner of Calypso Energy LLC, an independent exploration and
development company and part of the Calypso Energy group of companies he
co-founded in 2000.

Mark was previously Chief Executive Officer of Compania General de Combustibles,
one of Argentina's premier oil and gas companies with more than $620 million of
assets. During his decade of living and working in South America, he oversaw
upstream and midstream projects in Argentina, Brazil, Bolivia, Ecuador,
Guatemala, Uruguay, and Venezuela. A geophysicist by background, he holds a
Bachelors degree in Geology from the University of California and an MBA from
Houston Baptist University. Mark is fluent in the Spanish language.

Greg Smith, Executive Chairman of PetroLatina since its IPO in January 2005, and
Jay Scott will in the interim period take on the CEO's responsibilities. Jay,
COO, has been appointed Interim President and COO of Petrolatina in order to
take on the additional responsibilities. The Board of Directors have appointed
executive recruitment company, Spencer Stuart, which specialises in Latin
American oil & gas executives, to find a permanent replacement CEO.

Greg Smith, Chairman of PetroLatina, commented:

'Mark has a great deal of experience in South America, not only in terms of the
regional relations but also in day to day production that will be a significant
benefit to the future development and growth of PetroLatina.

'At the same time, we are sorry to see Nicholas step down from CEO and wish him
well in his future endeavours outside PetroLatina. He leaves behind a sound
operating platform and a Company that is well positioned for solid growth in
2007'.

'Additionally and by way of an operational update, the initial phase of the
workover at the Serafin gas accumulation in Colombia has been completed as
expected. We now anticipate the accumulation to be somewhat larger than had
initially been expected. Production testing will now commence and we expect this
to be finalised during February 2007. This project offers immediate cash flow
and economic returns and we anticipate it to materially increase the Company's
annual cash flow from its Colombian operations. PetroLatina has a 50% interest
in the development'

-ENDS-

'Additionally and by way of an operational update, the initial phase of the
workover at the Serafin gas accumulation in Colombia has been completed as
expected. We now anticipate the accumulation to be somewhat larger than had
initially been expected. Production testing will now commence and we expect this
to be finalised during February 2007. This project offers immediate cash flow
and economic returns and we anticipate it to materially increase the Company's
annual cash flow from its Colombian operations. PetroLatina has a 50% interest
in the development'

"somewhat larger".......thats nice :)

Intriguing statement today, one of the upsides of Serafin, apart from this well coming off and producing quick cash flow, was always the potential for further expansion, as in this field had not been properly exploited and the potential exists for a rapid developement of a number of wells, and ultimatly a rapid increase in cash flow.

Will be interesting to see how this comes off.

Good news

A nice email from Nick Gay on his departure, which he has sent out to everyone, copied here for reference of those who were not in contact with him :


"I am writing to thank you for support over the last two and half years. It has been a great pleasure working with you.

I have always enjoyed the questions and the various debates.

I would also like to take the opportunity of commenting on my decision to leave at this stage.

The last few months have seen significant steps forward in the development of PetroLatina. The Company has been repositioned into Colombia , whilst maintaining the ultimate potential of the licences in Guatemala . A sound Colombian production base with strong growth potential has been obtained. In addition, a high quality exploration acreage position has been assembled on which work is progressing. Similarly, as the benefits of the Colombian strategy have become apparent through projects such as Serafin and the underlying value of the pipeline, the share price has begun its road to recovery.

At the same time, I have also been considering my position. I have come to the conclusion, this is the opportune time for me to step down as CEO. This I have done and I will now be pursuing other opportunities.

As from 1st February, 2007, I will be joining a private company called Compact GTL. This has developed a flexible and scalable process to convert gas to syncrude. It is currently seeking to commercialise this process, which enables the development of oilfields by solving the associated gas disposal problems in remote and deepwater locations. As you will appreciate the potential is enormous. For more detail, you may like to visit Compact GTLs website www.compactgtl.com .

I believe we have achieved what we set out to do in 2004, which was to build an oil and gas company in Latin America . This has been done despite the difficulties encountered in Guatemala . Today, PetroLatina has a sound business built around the assets in Colombia and one which has the potential to grow steadily over the next few years.

Again many thanks for your support over the last two and half years. In future I can be contacted either on nicholasgay@compactgtl.com or Nicholas.gay@dial.pipex.com

Nicholas


Nicholas Gay

PetroLatina Energy
27 Berkeley Square
London
W1J 6EL
Phone + 44 (0)20 7297 4360
DDI + 44 (0)20 7297 4362
Fax + 44 (0)20 7297 4370
e-mail: nicholasgay@petrolatinaenergy.com"

Ideal time for a Serafin or Atzam-2 update would be just ahead of this, but I would not count on it.



Thursday 22nd February 2007, 9.00am to 1.00pm
followed by buffet luncheon

Venue: The Brewery, Chiswell Street, London, EC1

In association with BDO Stoy Hayward

The companies presenting are:

Afren Plc

Geopark Holdings Ltd

Gulfsands Petroleum Plc

Heritage Oil Corp

PetroLatina Energy Plc

Salinas Energy Ltd

Up 4.5p in 8 minutes, not bad.

Excellent news...Strong Buy now.


Petrolatina Colombia well tests at higher end of forecast; sees early cash flow
AFX

LONDON (AFX) - Petrolatina Energy PLC said initial production testing results at its 50 pct-owned Serafin Well No 1 in Colombia are 'at the higher end of expectations', adding that it expects first commercial gas deliveries late in the second quarter of 2007.

It added that the project offers early cash flow and is expected to 'materially increase' the company's revenues from its Colombian operations.

The well flowed at at 14 mln cubic feet per day of gas, Petrolatina said. Completion of the final part of the project - building a pipeline - is expected early in the second quarter of 2007, and the estimated cost of development is 1.36 mln usd, about half of which will be borne by Petrolatina from available cash resources.

Chairman and chief executive Greg Smith said: 'The completion of this extremely positive test and the resultant early cash flows that it will generate, coupled with the initiation of the seismic shoot on the Midas and La Paloma exploration blocks, put our company in a strong position to continue our growth in Colombia.'

newsdesk@afxnews.com

jro/rar

Nice timing for the forthcoming Oilbarrel.com presentation on 22 Feb 07. :-)

By my calculations, please correct me if I have got it wrong, but think revenues to PELE of between $US 6 - 12 m over life of well, based upon $3 US per 1,000 cu ft,
and producing 14M Cu ft a day = $US 42,000 a day.

Sarafin will generate $42,000 per day, 50% of which goes to Petrolatina. This is around $7.5m per year to PELE, not over lifetime of the well.

I'm in.

Seems to be dropping back a bit. If this is worth $7.5m p.a. witch equals 3.825m approx. If you said 10years profit was the price to pay for the company then this find would add 38.25million to the market cap, raising it to approx 65.69million. This would be worth 59.85p per share I believe.

The objective capital report, linked to in the header, valued PELE at 34p. This included Serafin at just $3.6m. Now that high flow rates have been released, this value must be raised substantially.

On known info, the well is unlikely to last 10yrs, so perhaps a multiple of 3-4 would be more appropriate.

They snuck this bit of info into the resignation RNS from 1 Feb:

'Additionally and by way of an operational update, the initial phase of the
workover at the Serafin gas accumulation in Colombia has been completed as
expected. We now anticipate the accumulation to be somewhat larger than had
initially been expected. Production testing will now commence and we expect this
to be finalised during February 2007. This project offers immediate cash flow
and economic returns and we anticipate it to materially increase the Company's
annual cash flow from its Colombian operations. PetroLatina has a 50% interest
in the development'

The Guardian:

Latin America's oil and gas sector is within traders' sights on Aim. Shares in exploration and production group PetroLatina rose 4p, or 16.7%, yesterday to 28p after it reported gas flow from its Seraf well in Colombia at the higher end of expectations. Analysts think there is further to go.

House broker Seymour Pierce has a target price of 52p and rates the stock a "buy". It argues PetroLatina's shares are trading at a discount to the company's core net asset value. PetroLatina is starting work on surface facilities and a 3.5km trunk pipeline to tie in to the main Colombian gas infrastructure and expects the first commercial deliveries by the summer. The next news to watch for is due in two to three weeks, when PetroLatina provides more detailed test results from the well.

Ambitious 70p price target?

http://lemminginvestor.intellicontact.com/test

Ambitious 70p price target?
http://tinyurl.com/3yu6r5

The interesting thing now is the results from reservoir testing on the Serafin Gas Well. Previous estimates of between 4 to 8 Bcf were based on estimates from some time ago, when in fact they had little interest in doing it properly as it was un-economic at that time.

We might be in for our "somewhat larger" surprise in a couple of weeks, lets hope so, an upgrade of reservoir size to above 8 Bcf would go down nicely.

Seems to be some demand today.

L2 3 v 3 @27/30

On line limits :

Buy 3966 @ 30.85

Sell 100K @28.63



L2 now 4 v 2 @28/31 and all blue

I got in first thing, for the moment (at least) it looks like a good move...

Major Revenue Producing Assets :

a/Colombia Rio Zulia - Ayaccucho Pipeline - Tariff

At acquisiton this pipeline had throughput of 2,800bopd and was valued at 10m US$. The throughput will now in time increase to near 25,000 bopd, and therefore the value of this asset should soon be around 85m US$ sometime in H2 2008.

b/Colombia PDN Fields : 500 bopd per day.


Firm Plan of Expansion of Revenue Production :

a/H1 2007 Colombia Serafin Gas Well
b/2007 Colombia PDN field output increase upwards from present 500bopd


Potential upside

a/Guatemala Atzam well produces (2007)
b/Colombia La Paloma field find and production (07 and/or 08)
c/Colombia Midas field find and production (07 and/or 08)
d/Colombia additional gas wells at Serafin (07 and/or 08)
e/ Guatemala Tortugas workovers (07 and/or 08)
f/ Guatemala Las Casas farm out (08)
h/ Colombia PDN TEA upgrade to exploration status (07) and drilling (07 and/or 08)

Lots of buys today...PELE will climb tomorrow

On line limits fairly even, and the bid size is 26.75p for 37.5K, so they are still looking for stock.

I would take it the sharp rise yesterday and fall back today is a shake, to get some people into profit so they decide to sell. Might be more of this ahead of the further Serafin update. There is also Atzam simmering in the pot.

The 2m X trade confirms a buyer is about, therefore, its best imo just to sit tight and add on price weakness, and then wait for news.

You could also read the "tax selling" by Nick as an effort to restrain the price, if you so wish...........especially given what has been said, whats happening and a 2m X trade today (who was the buyer ? and are they friendly with NG ?) ;)

Looks like RAB have been buying.

The RAB SS Master Fund only had 3.7m shares in it from IPO, now its 14.8% or 16.3m, will explain the X trades earlier this year as well.

http://www.investegate.co.uk/Article.aspx?id=200702201341515564R

Petrolatina Energy PLC
20 February 2007
PetroLatina Energy Plc
('PetroLatina' or the 'Company')
Holding(s) in Company

In accordance with Rule 17 of the AIM Rules and section 198 of the Companies Act, the Company was informed that RAB Capital, acting as investment manager for RAB Special Situations (Masters) Fund Limited, currently holds 16,353,077 ordinary shares in the Company representing 14.8 per cent. of the issued ordinary share capital of the Company.

RAB Capital does not act as custodian for its clients and therefore the shares are held in a nominee account which is Credit Suisse Client Nominees (UK) limited.

PetroLatina Energy Ian Refault, Ianrefault@petrolatinaenergy.com +44(0)2072974360 www.petrolatinaenergy.com Chief Financial Officer

PapalPower - 21 Feb'07 - 00:08 - 1382 of 1383

There are still a number of warrants outstanding, and warrants are common enough on oil and gas stocks. The excercise of warrants entitles those who are holding the warrants to buy the amount of shares from the company for the price on the warrant they hold. Puts cash on the bottom line for a few more shares. Warrants are normally set up at the time of IPO, as incentives to the big initial holders who front the money for listing.

In this case its the last line (I think so) of the 10 cents shares (eg they pay the company 10 cents for each of the shares they buy with the warrants).

They next tranche of warrants due for expiry or conversion are end March 07, these are about 30m of them, and at around 50p conversion price, which could therefore put 15m sterling into the bank of PELE if they are converted.

Hopefully Serafin news (and Atzam too) might be enough to persuade the warrant holders to convert, cause if they do then the 15m into the bank of PELE would go down very nicely.

If Greg has converted and sold 900K to RAB to pay for it, good for him, as I would like it also to be Greg (under Taghmen ventures) who is going to convert those 50p warrants some time soon !!!



PapalPower - 21 Feb'07 - 01:14 - 1383 of 1383


For those not following the story, the original 35p warrants due for expiry in July 06 were extended to expire March 07 with a new price of around 50p, I do not have the figures on me, but as far as I can remember there are around 30 million of them (hence worth 15m sterling into PELE's bank if converted).

The 10 cents (just over 5p) warrants were always going to be converted, who is not going to convert them. With Greg Smith (the Chairman) under his Taghmen Ventures vehcile holding over 15% of PELE stock, he does have a vested interest in this all going well.

If anyone is in contact with Ian Refault, or going to the Oil Barrel conference, please ask Ian (or whoever is there from PELE) about the March 07 warrants, and if you can get the details of expiry/price and amount.

Post from AFN :


Stuart14 - 21 Feb'07 - 12:38 - 1384 of 1386

Spoke to Nicholas Gay last night. His sales were really for tax purposes. He doesn't like selling shares normally but needs to pay the Tax!!

Greg's warrant conversion is exactly that. The Company have a bit more money in the bank, and he is due the options so fair play to him.

Nicholas didn't know anything about a large buyer out there, other than RAB who we know disclosed the other day!

Thats a rather large buy of 805K shares at 27.5p..............confident though.... :)

i still think that NG's sale was a little careless in regards to timing - if they need the sp to get up to 50p level before Mar-07 for those warrants to be exercised...

wasn't he the guy that left the company ?

is he perhaps not having a dig at the company ?

Yes it was him who left, and as per Stuart's conversation he is genuine, but yes, it might be a little poke in the eye........who knows.

4.5m X trade end of day.

Feb 2007 Oil Barrel Conference Presentation (PDF file)

http://www.ob-data.com/conference/feb07/petrolatina.pdf

Equity Growth Initiation Report on PELE

Dated 26th Feb 2007

From the http://www.proactiveinvestors.co.uk/ website.


PDF File here : http://www.proactiveinvestors.co.uk/registered/research/equitygrowth/PetroLatina_Initiation_Report_260207.pdf

A decent report imo.

115K sell at 23p (late reported as a protected T) caused the fall today.......its clear now though, 10K MM buy just gone through and we are on the move.

was tempted earlier at 24p for top up, but decided with all going on may see what the rest of the week brings...

Should be an interesting week ahead, we are due the reservoir update from Serafin, this week, I would guess very latest week after next.

Lets hope its good news and to the top end of historical forecasts.


For more info on PELE and the latest updates, its at the link below :

http://www.esnips.com/web/PetrolatinaInfo

Well, news today.

14 mmscfd (14 Mscfd) is equivalent to 2,333 boepd (it will slow down as the gas is extracted, but a commencing rate of 2,333 boepd (1,166 net to PELE) would be very nice for the bank account).

Lets get this nice little earner cashed in and money in the bank a.s.a.p.

Seems a very good appointement !


Petrolatina Energy PLC
12 March 2007
PETROLATINA ENERGY Plc
www.petrolatinaenergy.com

APPOINTMENT OF CHIEF EXECUTIVE OFFICER

PetroLatina Energy Plc ('PetroLatina' or the 'Company') an independent oil and gas exploration, development and production company, focused on Latin America, is pleased to announce the appointment of Rudolph Berends as Chief Executive Officer with immediate effect.

Rudolph was previously CEO for Mercantile International Petroleum, Inc, an oil & gas company with assets in Colombia and Peru. Whilst at Mercantile he transformed the business from debts of US$65m to having strong cash flows and operating profits. Rudolph successfully sold Mercantile in a private sale in early 2006.

Between 1997 and 2001, Rudolph was the President of Preussag Energie Americas, the German oil and gas exploration & production company, where he was responsible for the company's upstream oil & gas activities in Latin America, US and Canada. The company was sold to OMV, Central Europe's largest oil and gas group, in late 2001.

Having started his career as an explorationist with Shell in the early 1970's, Rudolph has built up over 34 years of experience in the oil & gas industry, 15 of which have been spent in South America.

Rudolph, a Dutch national, holds a Doctoral Degree in Geophysics and Bachelor Degrees in Geology and Finance.

Greg Smith, Executive Chairman of, PetroLatina Energy Plc, commented:

'We are delighted that Rudolph has agreed to join PetroLatina as CEO. He not only has a significant amount of relevant experience in oil & gas exploration, development and production in Latin America, he also has a solid track record of successfully developing and growing oil & gas businesses. PetroLatina has a combination of strong revenue streams from oil & gas production and the RZA pipeline as well as some exciting exploration and development prospects. With the addition of Rudolph and the experience he brings to the Company we look forward to the future with confidence. '

Hi PP, new company on aim today, Nighthawk energy, worth a look.

Petrolatina Energy PLC
13 March 2007



PetroLatina Energy Plc
("PetroLatina" or the "Company")

Holding(s) in Company

The Company was informed on 12 March 2007 that Credit Suisse Securities (Europe)
Limited is interested in 5,283,400 ordinary shares in the capital of the
Company, representing 4.63 per cent of the entire issued ordinary share capital
of the Company. Credit Suisse Securities (Europe) Limited holds these shares as
legal owner for the benefit of Millennium Global Natural Resources Fund Limited.

For further information, please contact:

PetroLatina Energy Ian Refault, Chief Ianrefault@petrolatinaenergy.com
www.petrolatinaenergy.com Financial Officer +44(0)2072974360

Pelham Public James Henderson James.henderson@pelhampr.com
Relations +44(0)2077436673
Charles Vivian Charles.vivian@pelhampr.com
+44(0)2077436672




This information is provided by RNS

RAB up and Alliance a new major holder.


Petrolatina Energy PLC
21 March 2007
PetroLatina Energy Plc
('PetroLatina' or the 'Company')

Holding(s) in Company

The Company was informed on 20 March 2007 that RAB Special Situations (Master)
Fund Ltd is interested in 22,989,602 ordinary shares in the capital of the
Company, representing 20.17 per cent of the entire issued ordinary share capital of the Company. Credit Suisse Client Nominees Limited is the registered holder of these shares.

The Company was also informed on 20 March 2007 that Allianz SE is interested in
5,615,385 ordinary shares in the capital of the Company, representing 4.93 per
cent of the entire issued ordinary share capital of the Company. Dresdner Bank
AG is the registered holder of these shares.

Petrolatina Energy PLC
23 March 2007

PetroLatina Energy Plc
('PetroLatina' or the 'Company')

Holding(s) in Company

The Company was informed on 20 March 2007 that Artemis Investment Management Limited is interested in 9,000,000 ordinary shares in the capital of the
Company, representing 7.89 per cent of the entire issued ordinary share capital
of the Company.

P.P. How do you rate this share at the moment ?, especially in view of the recent institutional buying which you have highlighted. Would welcome your valued opinion.
Kind regards.

annie, it is very cheap imo, however you need to be patient. All being well in around 18 months this should be through 75p levels, it might happen sooner, it might not, however given the business they have, I do class them as highly undervalued, however, its going to take time to sort that out, the market needs its confidence rebuilt, and the new CEO appointement is a good one imv, this is the kind of man needed at the helm.

P.P. Your thoughts are very much appreciated. I am at present , frankly far too heavily exposed in CHP (edge of seat stuff at the moment) and considering diversifying into something a LITTLE less risky. i.e. producer.
Kind regards.

ok annie, good luck with CHP in the interim, I know it can be very nervy at drilling times.

annie38 & PP, have a look at HAWK, already producing gas, drilling for more, extending their licence area, US based, established customer demand, own their own rigs, quite compelling. Shouls also have regular news flow. I'm sorely tempted. But DYOR.

silvermede, I have looked, however to me it seems fairly valued for the ongoing work, and also the problem of lots of stockholders sub 5p, who are not locked in and can sell for very big profits now, if they wish. This is likely the reason so far its done nothing special imo.

Nothing bad, just does not appear too attractive to me so far........

IMO :)

pp, what do you make of 40 shares at 23.25p just traded total 9.30 before fees.

Very strange.........but sometimes these trades do get reported. The odd 1 off share is often for those buying the certificate to frame it.

A 40 off ? Strange number.

Petrolatina Energy PLC
19 April 2007


PetroLatina Energy plc
('PetroLatina' or 'the Company')

Directors Shareholding

In accordance with Chapter 5 of the Financial Services Authority's Disclosure
and Transparency Rules, the Company was informed on 19 April 2007 that Gregory
Smith, a Director of the Company, is interested in 2,000,001 ordinary shares,
and Taghmen Ventures Limited (a company in which Gregory Smith has a beneficial
interest) and connected parties are interested in 12,850,000 ordinary shares,
collectively 14,850,001 ordinary shares in the capital of the Company,
representing approximately 13.46 per cent of the Company's issued voting share
capital.

To be fair to be fair I am going into "Hold" mode on this one now. No adding at sub 20p.

The departure of JJ Scott so soon after Nick Gay suggests there may be some issues to me. We also have the 2nd PDN payment which although its hoped will be debt, we cannot rule out as yet equity placings. On top of that the new guy is in, and he will no doubt be looking at 3 years time, which means for his first results you would expect a kitchen sink job (as in everything but). Therefore, I will just hold and observe and not add, the long term I think will be fine, just the Scott departure on top of Gay is a little too much perhaps ??

In the meantime I will add AST, IPL and CDL (and no PELE for now)

Well, I have been bearish on PELE for some time now, and now have no further holding in them, after abandoning the hold.

I may decide to buy back late summer, or may not, but for now, the situation at PELE is unclear, and I am very concerned by the "ex-Bitech" boys departures and what it may mean.

I may be wrong, and so, good luck to all who hold.

i think that if ever there was a good time to buy, then now or soon will be it.....

the new CEO has taken out the broom, now it's a matter of them being able to develop the Columbian production assets, so that they get about 1,000 to 1,500 bopd.... then do the exploration drilling, whilst waiting for more oil to flow through their pipeline.....

You have never been bearish from what i have seen of your posts, quite the opposite, it is therefore quite amazing that you post the following and hey presto an rns comes out days later. very interesting



papalpower
Date : 18/05/2007 @ 05:22


Well, I have been bearish on PELE for some time now, and now have no further holding in them.

Unlike plenty of BB posters, I do not try to ""ramp"" something up as I am selling (or even like some who never seem to sell any shares ), I have been bearish and have been offloading bit by bit.

I may decide to buy back late summer, or may not, but for now, the situation at PELE is unclear, and I am very concerned by the ""ex-Bitech"" boys departures and what it may mean.

I may be wrong, and so, good luck to all who hold.

PELE is one to avoid. Practically not a dependable management as it keep on changing. Clearly a SELL.

they got rid of the 2 blokes that were in charge.... while the company was languishing with projects at almost stand-still point....

they have Macquarie Bank on board - although that may change.... but in order for them to have got them their in the first place, means something positive....

although back to potential negatives....
- i noticed that some of the other board members are also from the same companies that the ex COO is from... so not sure how that will go down.....
- on top of this, is the actual pipeline going to be enough security for Macquarie Bank to hand out the cash to PELE.....

Looks like more PELE shares on the market and it has taken up more debt...doesn't look promising.


Petrolatina Energy PLC
30 May 2007

PetroLatina Energy Plc
('PetroLatina' or the 'Company')

Additional Listing

The Company has issued 830,000 new ordinary shares of $0.10 to Macquarie Bank
Limited ('Macquarie') as partial consideration for the agreement with Macquarie
to make available an extension of $1.7 million to the Company's existing loan
facility. Accordingly, the Company has made application for the admission of
830,000 new ordinary shares to trading on AIM. Admission is scheduled to take
place on 5 June 2007.

yeah - know what you mean..... but Macquarie are no mugs.... i mean why would they extend the loan if they thought it was a dud ??

unless it comes down to connections.....

Seems PELE are strapped for cash bankers get 830000 shares @18p=150,000 not bad if PELE cant at present repay the loan.

It would appear that the upkeep of the pipeline is very high, and perhaps its real worth is just 1m$ imv.

PELE are strapped for cash presently, its why I sold some weeks back. Once they get past this phase, I might consider buying back in.

Media comment, click http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry070731-160356

Interims out

http://www.investegate.co.uk/Article.aspx?id=200709260701424915E


Read much better than the prelims did.

Given Rudolph has now made the company viable, it does offer some strong upside should the La Paloma well strike commercial oil.

May indeed now be well worth a speculative punt ahead of that first drill.

I agree, potential upside, have been holding for a while, but dare i say, contemplating an average down...


LONDON (Thomson Financial) - Petrolatina Energy PLC narrowed its first-half pretax loss and said a stable production of about 450 barrels per day, an incremental production after the extension approval in the Tisquirama licence and the future Seraffin gas production create an upside for the company.

The AIM-listed oil and gas exploration company posted pretax loss of 2.9 mln usd compared with 3.4 mln usd a year ago.

Revenue rose to 3.1 mln usd versus 421,000 usd a year earlier helped by the acquisition of Petroleos del Norte on June 16, 2006.

TFN.newsdesk@thomson.com ash/slm

Update from GE&CR today. It highlights the upside potential, while correctly taking notice of the present risks. If an acceptable solution to the licensing issue is done (eg not too much given away) and the 2nd payment is indeed from debt........then the SP can start to rerate upwards. Risk / potential reward play it is, thats for sure.


"PetroLatina, the AIM listed oil and gas exploration and production company with operations in Colombia and interests in Guatemala, released its results for the six months to 30th June 2007 on September 26th. It reported a gross profit figure of $1.926 million, up from 0.363 million, on a turnover figure of $3.11 million, up from $420,000. Overall, PetroLatina reported an operating loss of $2.926 million as a result of administrative costs which increased from $3.953 million to $4.776 million. Since the period end the company has closed its London office and reduced the senior managements remuneration which will save $2 million per annum.

The companys outstanding debt with Macquarie Bank was approximately $5.3 million at the period end and its cash balance was $2.22 million, down from $4.655 million 12 months previously. At the period end PetroLatina had net assets of $16.787 million, a sharp fall on the $47.3 million at the end of the first half of 2006. The significant decrease in net assets is principally attributable to the disposal of its Guatemalan assets for just $4 million in cash in May this year, following discouraging results. PetroLatina currently holds a 20% retained interest in the first three wells to be drilled in Guatemala.

The company is now focused on Colombia, where it seeks to capitalize on the opportunities presented by the deregulation of oil and gas markets and where it owns some exciting exploration licenses. PetroLatina enjoys stable production of 450 barrels per day plus incremental production after the extension approval in the Tisquirama License; it should enjoy future gas sales from the Seraffin field and is drilling two exploration wells shortly. The company holds 50% and 25% interests in the Los Angeles and Santa Lucia fields on the Tsquirama license respectively, and a 100% interest in the Dona Maria field. The Seraffin gas project is ready to commence production, the last outstanding delay is the gas pipeline owner needing to be satisfied with Ecopetrols commitment to underwrite the quality of the gas produced.

Elsewhere, PetroLatina is currently in the process of acquiring new seismic data over the Midas block following its encouraging first results, with the view of drilling an exploration well to 8,000 feet. This follows the acquisition of new seismic in March/April this year over the La Paloma block, where results have identified a very large promising 4-way dip closure. The company is expected to follow up by drilling an exploration well at total depth of 10,000 feet, within the next 3-4 months. The company acquired an 85% interest in Midas and an indirect interest 80% interest in La Paloma in March 2006. PetroLatina is confident that it will take the project forward.

In addition, PetroLatina owns the Rio Zulia-Ayacucho pipeline in the prolific Catacomba basin, where the company could see increased cash-flow from greater crude oil volumes transportation. The company remains confident in the value of its exploration and production assets in Columbia, following progress made on in-principle agreement to extend the license at Tisquirama with EcoPetrol. It should be noted that no final agreement has yet been signed and concerns on this point remain, in our view, a significant drag on the share price. Even though the company is still negotiating the terms of the extension, MacQuarie bank has agreed to finance a large portion of the development costs associated with this license extension if it is granted.

We believe that the potential value for the companys portfolio, if the licensing issues and financing issues are successfully resolved, is worth at least 48.76 million ($95.1 million) or 42p a share. This includes a minimal value for Seraffin. However given the uncertainty surrounding the company's license position, at 11.5p, our stance remains hold. "

GE&CR often give the wrong advice. I have been caught by their ill advice on Encore Oil (bought at 30p, now 16p), Metal Exploration (bought 45p in August, now 36p, target 88p). By the way Petrolatina now 11p, it was called Taghmen Energy at 60p and the advice then was buy by GE&CR slightly more than a year ago.

hyleo - GE&CR did not say buy TAG. They did come in on PELE (the new name) around 20p with "speculative buy" if I remember. Its not impartial commentary, however this write up on PELE is decent, its notes the upside and the risk.......thats correct.

IF the license extension is done well AND IF the 2nd payment is done via debt - then yes, there really is significant upside available.

I apologize on the 60p price...but it has dropped 50% since the recommendation below.


PetroLatina - Buy at 24.5p (advised by GE&CR on 19th March 2007)

Key Data

EPIC PELE
Share price 24.5p
Spread 23 - 26p
Market cap. 27.9 million pounds
12 month range 16 - 54.5p
NMS 15000
Market AIM
Shares in issue. 114,007,122
Website www.PetroLatinaenergy.com
Sector Oil and Gas
Net debt + deferred liabilities $16.5 million

PetroLatina, formerly Taghmen Energy, is an independent oil and gas exploration and development company with operations in Colombia and Guatemala . PetroLatina is not a pure exploration play but has, via the acquisition of PDN, established production from three fields totaling 500 barrels of oil per day which is generating free cash flow of around $3 million per annum. Moreover, the company owns the RZA pipeline which connects the Rio Zulia and Tibu fields in Colombia . The further development of these fields could potentially push pipeline revenues up from a current $1 million to $6 million per annum over the space of three years.

On the exploration and development side the Serafin Gas development has recently been tested and flowed at the rate of 14 million cubic feet a day. PetroLatina expects to receive an extension to its Santa Lucia and Los Angeles fields within the Tisquerama licence to 2025 early in the second quarter 2007. The current term is to 2009/2011. Following extension the Company will initiate a secondary development stage to these fields to increase oil production whilst selling the gas to local industrial users from the Serafin development at between $2.50 and $3 per thousand cubic feet, a consequence of high local demand. Serafin is expected to produce gas commercially in the second quarter of 2007.

PetroLatina has significant interests in two highly prospective exploration licences in the Middle Magdalena Valley , adjacent to its producing fields in Columbia . Both Midas and La Paloma are estimated to contain 90 million barrels of unrisked recoverable reserves and on a heavily risk weighted basis; we believe that both licences could be worth over $70 million.

The company has cash of $3.5 million, has negotiated debt facilities of $7 million and plans to expand this facility to complete the second stage payment on PDN which is directly tied to the licence extension.

Our heavily discounted and risk weighted NPV calculation of the group's assets leads us to believe that PetroLatina is worth at least 42p a share. On that basis, the shares are currently undervalued and offer a 75% upside. We initiate our coverage with a recommendation of buy.

This comment below came in Sept, 05 but after that Well 3X was shut down and never heard of since...


Guatemalan-focused oil and gas explorer Taghmen Energy said it had found hydrocarbons and one of its prospects and its share jumped 18p to 70.5p. The company said that the discovery was at its well 3X, currently being drilled on its licence 6-93. This was is the first new exploration well drilled on the Las Casas structure since Taghmen acquired the licence. Following initial gas shows at 7,800 feet and oil staining appearing at 8,270 feet, material levels of hydrocarbons occurred at 8,497 feet. This was accompanied by a drilling break and a controlled gas kick with oil shows at surface.

hyleo, well 3X along with all the other Guatemalan assets have been sold off now. PELE is pure Colombia focus now (although they retain a percentage of any future Guatemalan success when those assets ae drilled again, but its a free ride, they pay no costs).


In the interims of 26th Sept - http://www.investegate.co.uk/Article.aspx?id=200709260701424915E - we were told the PDN license externsion should be done it around 4 weeks.

Therefore an update should be expected before say 31st October.

If the extension is on good terms, and if the 2nd payment is via debt (on the back of Serafin) - then I would say PELE is a strong buy. Lots of if's in there, but thats what risk/reward is all about, you don't get possible big rewards unless you risk also losing your money.

Could be a good rise coming later this month, or could be another wobble - take your pick.

A tiny bit of strength showing. All buys lately have been below mid, and now today above mid price. Those X trades must have taken up some of the slack overhang.

Looks to me, IMO, that RB got sold out or did he ???, and that therefore the appointment of JCR will not only "smooth" the license extension but will allow for a "novel" way of dealing with the license extension payment ??? Exciting times ahead either way I am sure.

RB - looks like his hatchet man job is done, and he moves on after cutting out all the crap - was that the original plan ? Only he will be able to answer that.


RNS Number:8924G
Petrolatina Energy PLC
02 November 2007

PetroLatina Energy Plc
("PetroLatina" or the "Company")

Directorate Change and Corporate Update

PetroLatina, the oil and gas exploration and production company focused on
Columbia, announces that Juan Carlos Rodriguez (46), currently President of the
Company's Columbian subsidiary Petroleos del Norte ("PDN"), will become Interim
Chief Executive Officer with immediate effect. He will be joined on the Board by James Joseph May (58) who has agreed to join the Company as a Non-Executive
Director.

Juan Carlos has been President of PDN for several years and is an experienced
oil and gas operator supported by an operational team of more than 40 people.
He is also highly respected within the business community in Columbia.

James May's appointment will give the Company a full-time UK resident Board
member.

Rudolph Berends has resigned today as a Director of the Company effective
immediately. Rudolph has also stepped down from his position as President and
Chief Executive Officer with immediate effect. At the same time, James Guiang
has resigned as a Non-executive Director.

The Board thanks Rudolph and James for their contributions to the Company and
wishes them well in their future endeavours.


Corporate Update

Following Rudolph's action to reduce costs and close the London corporate
office, the Company's focus has been on its cash generating assets in Columbia
and, in particular, negotiations to agree the amount and structure of the second tranche of the PDN acquisition consideration, due upon extension of the
Tisquirama licence.

The Board believes that this issue, and the ongoing development of the asset, is best achieved through its Columbian-based operational team. In addition,
because of Juan Carlos's experience of working in the region, the Board believes that he will be ideally placed to conclude negotiations to extend the Tisquirama licence and to strengthen PetroLatina's relationships with the country's authorities and the Company's Columbian partners.

PetroLatina now expects to make quick progress with these negotiations and
anticipates making further announcements regarding the extension of the
Tisquirama licence; its planned drilling programme; and an updated production
profile before the end of this month. The Company is also in detailed
discussions to secure the financing required for the planned drilling and
development. This facility will enable the Company to enter the second phase of the development programme in Columbia and increase cash flow dramatically.
Further announcements regarding the financing will be made in due course.


James May
James Joseph May (58) has extensive experience of working with natural resource
companies and is currently a Director of AIM-listed TomCo Energy Plc. He has
also served previously as Finance Director of AIM listed London & Boston
Investments Plc and as a non-executive Director of AIM listed Croma Group Plc.
Mr May is also currently a principal of a boutique chartered accountancy
practice, focusing on advising companies on finance raising, mergers and
acquisitions, business strategies and entry onto the OFEX and AIM markets, in
addition to providing general accountancy, tax and audit services. He was
previously a Senior Partner at Horwath Clark Whitehill, a UK accountancy firm,
for 17 years, including 8 years on the Managing Board. Mr May qualified as a
chartered accountant in 1974.


Greg Smith, Chairman and Founder of PetroLatina, said:

"I am pleased to welcome Juan Carlos to the Board as Chief Executive and look
forward to reporting positively on the continuing negotiations regarding
Tisquirama very shortly.

"I believe that PetroLatina has tremendous potential and value. We have
substantial proved, probable and possible reserves, with a firm plan to increase volume through our pipeline and develop and commercialise the reserves. PetroLatina remains a cash flow positive business and is financially secure.

"I am also delighted to welcome James to the Board of PetroLatina and believe
that we are now in good shape to realise the Company's potential and to start
delivering value to shareholders."

Some movement this morning? no RNS and i no longer have access to L2 so difficult to get the picture with delayed trade times...?

Some decent buying volume, something must be up........

Always promised myself, i would buy more and average down upon the first sight of any buying volume, however, not sure i can bring myself to do so, on this share, or any oil minnow, in this current climate...

A few oilers are on the move today, AST, PELE, AFR........might be sign that insti money is coming back into junior oils.........perhaps they see sky high fuel prices in the short to mid term........ ???

Excellent news !!!

Petrolatina Energy PLC
29 November 2007

PetroLatina Energy Plc
('PetroLatina' or the 'Company')

Confirmation of Licence Extension

Extension of key Tisquirama licence for economic life of the fields has been fully ratified

PetroLatina, the oil and gas exploration and production company focused on
Colombia, announces that it has secured the extension of the Tisquirama licence
for the economic life of the fields. Without this agreement the licence would
have expired in 2009.

Under the original terms of the Petroleos del Norte ('PDN') acquisition, a
second cash payment of US$13 million was due upon the extension of the licence.
However, PetroLatina has now reached agreement with the vendors of PDN to make a cash payment of US$7 million and to issue to the vendors new PetroLatina shares to the value of US$3 million. The vendors of PDN now form part of the
operational management of PetroLatina.

As part of the agreement to secure the licence extension, Ecopetrol S.A., the
Colombian state oil company, will increase its participation in the Los Angeles
and Santa Lucia fields from 50% to 60%. The agreed work programme for these two fields now includes six development wells and four exploration wells over the
next two years.

The agreement has been ratified by the board of directors of Ecopetrol. In order
to legalize the agreement, it is necessary to create a joint working team put
together by PDN and Ecopetrol to prepare and submit the licence Amendment to the Hydrocarbon National Agency (Agencia Nacional de Hidrocarburos 'ANH').

PetroLatina anticipates making further announcements regarding its planned
drilling programme and an updated production profile in the coming weeks. The
Company is also in detailed discussions to secure the financing required for the
planned drilling and development. This facility will enable the Company to
enter the second phase of the development programme in Colombia and increase
cash flow dramatically. Further announcements regarding the financing will be

Excellent news !!!

Petrolatina Energy PLC
29 November 2007

PetroLatina Energy Plc
('PetroLatina' or the 'Company')

Confirmation of Licence Extension

Extension of key Tisquirama licence for economic life of the fields has been fully ratified

PetroLatina, the oil and gas exploration and production company focused on
Colombia, announces that it has secured the extension of the Tisquirama licence
for the economic life of the fields. Without this agreement the licence would
have expired in 2009.

Under the original terms of the Petroleos del Norte ('PDN') acquisition, a
second cash payment of US$13 million was due upon the extension of the licence.
However, PetroLatina has now reached agreement with the vendors of PDN to make a cash payment of US$7 million and to issue to the vendors new PetroLatina shares to the value of US$3 million. The vendors of PDN now form part of the
operational management of PetroLatina.

As part of the agreement to secure the licence extension, Ecopetrol S.A., the
Colombian state oil company, will increase its participation in the Los Angeles
and Santa Lucia fields from 50% to 60%. The agreed work programme for these two fields now includes six development wells and four exploration wells over the
next two years.

The agreement has been ratified by the board of directors of Ecopetrol. In order
to legalize the agreement, it is necessary to create a joint working team put
together by PDN and Ecopetrol to prepare and submit the licence Amendment to the Hydrocarbon National Agency (Agencia Nacional de Hidrocarburos 'ANH').

PetroLatina anticipates making further announcements regarding its planned
drilling programme and an updated production profile in the coming weeks. The
Company is also in detailed discussions to secure the financing required for the
planned drilling and development. This facility will enable the Company to
enter the second phase of the development programme in Colombia and increase
cash flow dramatically. Further announcements regarding the financing will be
made in due course.


Greg Smith, Chairman and Founder of PetroLatina, said:

'These agreements secure the inherent value of PetroLatina and allow us to start
planning for the future. I believe the Company has tremendous potential and
value. We have positive cash flow, substantial proved, probable and possible
reserves, plans to increase volume through our pipeline and to develop and
commercialise the reserves.'

Looking for 10,000 barrels a day by end of 2008, and the new man in charge has put in loads of his own money as well. Could get exciting if all this comes off..........



http://www.growthbusiness.co.uk/news/city-news/263549/petrolatina-wins-time-and-money.thtml

PetroLatina wins time and money

Hard-pressed Colombian oil explorer PetroLatina has clinched a 15 million refinancing and won a key licence extension.

The AIM-quoted company, which lost 1.5 million in the first half of this year, says it has slashed head office costs and claims to be on track to produce 10,000 barrels of oil a day by the end of 2008. This is claimed now to be possible because PetroLatina's state-controlled partner Ecopetrol has obtained an indefinite extension for its Tsquirama licence and the New York-based Casimir banking group has arranged a 15 million refinancing package.

According to PetroLatina, the new funding, in the form of a 13 per cent to 15 per cent one-year loan convertible into shares at a ten per cent premium to market price, will enable the drilling to proceed at La Paloma in Colombia, with claimed potential oil reserves of 16 million barrels, and to probe a new well there. Juan Carlos Rodriguez, 46, the Colombian oilman who has newly taken the helm at the London-based company and personally invested 1.5 million, says PetroLatina will begin 'aggressive' drilling at La Paloma within a week.

PetroLatina will then proceed to infill drill at four 'low-risk' wells at Los Angeles on the Tsquirama licence, where Rodriguez expects eight new wells at the Santa Lucia project to treble production to 3,000 barrels a day. The shares, which fell all the way from 72.5p in 2005 to 10.25p last month, have inched up since then to 11.5p, valuing the company at 13.8 million and offer the speculative possibility of further progress if the new package proves adequate and works.

In summary things look quite good.

We have a 10,000 bopd target for 12 months time.

We have La Paloma well spudding next month, maybe even next week.

We have the license extended.

We have the funding issue sorted, and on good terms imv, given that the shares will convert in 12 months time, likely when PELE are producing 10,000 bopd and with the share price much much higher than where it is now, and also, at a 10% premium to the market price at that time. Given the amount of return they are going to get on the money in 12 months (in terms of bopd upside and also exploration upside) paying 15% for the year is not that high imo.

And the new CEO has put 1.5m of his own money into the company, and thats a nice thing to see.

All in all, very positive, and perhaps the start of a rerating over the coming 12 months.

PP 10,000 bopd sounds alot for such a small co, if it comes to fruition then the sp should really improve from it's current low level. Stayed in this all the way down, never mind.
2517

From The Times today:

Tiddler to watch

PetroLatina Energy, the oil explorer operating in Colombia, rose p to 11p after it won an extension of its key licence there. A delay of more than a year in securing this has seen the price of the former Taghmen Energy collapse and its former chief executive removed. It already produces oil and receives revenue from a pipeline there.

uk-analyst.com monthly update :


This oil and gas exploration and production company focused on Colombia has announced boardroom changes and released a corporate update.

On 2nd November the company revealed that President and Chief Executive Officer Rudolph Berends had resigned with immediate effect and that Non-Executive Director James Guiang had also resigned. Juan Carlos Rodriguez, President of Petrolatinas Colombian subsidiary Petroleos del Norte, was announced as Interim Chief Executive Officer and was joined on the board by James May, who has taken a Non-Executive Directorship.

The well-respected Rodriguez is an experienced oil and gas operator having been President of Petroleos del Norte for several years and May brings with him extensive experience of working with natural resource companies. Both therefore certainly have the right credentials and can thus be expected to continue to drive the company forward.

ON 29th November the company was granted an extension to the present Tisquirama licence. That removed a significant drag on the share price. With that hurdle cleared PetroLatina can now conclude financing arrangements and commence a drilling campaign to build its asset base.

We continue to believe the potential value of the companys portfolio is 48.76 million or 42p per share. Our stance at 11p remains hold.

Some tip this one Papel Power, quite why you are going around certain
threads on advfn being clever after the event when you have a long list
of nightmare stocks of your own beats me ?

Ah....Mr Gravy, LOL :) Funny to see you pop up here..........

PELE knocked me for a 50% loss in the past.

HOWEVER, I am know back in at 12p, and looking to recoup those losses with a 50% move up to 18p. Lets see where this one goes.

Could be a Red Hot stock in 2008, Shares Mag seems to think so, did you read the mention of PELE and its potential.

PP.

Going around threads where stocks have crashed and say i told you so or posting
bearish comments is very easy to do in this current market.
You are not immune to bad plays, you have been promoting numerous stocks that
have also had a very bad news so why are you preaching the obvious when we've
all had a tough ending to the year ?
I'm sure PELE has potential, all of my stocks have potential but will i have to wait
1 week 1 year or 10 years to see it remains the mystery.

Out of interest :

L2 is now 3 v 1 @ 11.5/13.5

On Line Limits are :

BUY 50K @ 13.25p

SELL 100K @ 12.26p


Would suggest there is demand and a buyer.

Thanks for that PP.
2517

2 MM's up before open (KBC and CANA moving up before open).

Opened up at 3 v 2 on L2 @ 12/14 (with KBC and SEYP being on the offer at 14p)

Boringly stable.......nice that :)

Rumours that EEN might be looking at buying PELE. Would make sense as it would avoid PELE having to enter into their financing deal, and EEN get some good assets in Colombia.

We will have to see if there is anything in this.

Comment on III that the financing deal is now nearly complete, perhaps this week.

The sooner its done then the sooner La Paloma can be spudded, which will add some exploration spice to the presently cash flow positive company.

I put this post on TMF, which I think gives a good summary of where we stand with PELE going forward :


Petrolatina (PELE) (Colombian focussed O&G junior) could never be said to be ahead of schedule, delays seem to be the norm, however there are rumours around that their finance package (a loan deal) is nearing completion. Whilst details are unknown, lets put on those "rose tinted specs" and take a look at what this news, if it comes, could mean to Petrolatina. As we started, timescales, well ingore any in prior RNS's, the company has been at a standstill on the exploration and development front whilst its been trying to sort out the finance package.


Well ;

1/ PELE is presently cash flow positive :

http://www.investegate.co.uk/Article.aspx?id=200711290702007412I

"Greg Smith, Chairman and Founder of PetroLatina, said:

'These agreements secure the inherent value of PetroLatina and allow us to start
planning for the future. I believe the Company has tremendous potential and
value. We have positive cash flow, substantial proved, probable and possible
reserves, plans to increase volume through our pipeline and to develop and
commercialise the reserves.'"


2/ They have ambitious plans for not only increasing production levels from their presently producing fields -

http://www.investegate.co.uk/Article.aspx?id=200711290702007412I

"As part of the agreement to secure the licence extension, Ecopetrol S.A., the
Colombian state oil company, will increase its participation in the Los Angeles
and Santa Lucia fields from 50% to 60%. The agreed work programme for these two
fields now includes six development wells and four exploration wells over the
next two years."


BUT also to start drilling other exploration wells, first and foremost the exciting potential on the La Paloma license.

http://www.investegate.co.uk/Article.aspx?id=200709260701424915E

"In April 2006 the Group acquired an interest in two exploration blocks with an
85% interest in Midas and an indirect 80% interest in La Paloma, New seismic was
acquired in March/April this year over the La Paloma block and the results show
a very promising large 4 way dip closure. It is planned to drill an exploration
well within 3 to 4 months. Planned total depth is approximately 10,000 ft."


3/ They have the Serafin gas pipe line which will offer strong cash flow, albeit for only perhaps 2 years, once its allowed to come on line.

http://www.investegate.co.uk/Article.aspx?id=200709260701424915E

"The Seraffin gas project is ready to commence production, However the gas
pipeline owner is currently demanding a letter from Ecopetrol underwriting the
quality of the gas. PetroLatina is holding discussions with all parties involved
to find a quick solution."

http://www.investegate.co.uk/Article.aspx?id=200703060701153757S

"On February 13, 2007 the fourth point of the test (on a 48 hour extended flow
rate) was completed through a 40/64' choke with a stable flow rate of 14 million
cubic feet per day of gas, a flowing tubing head pressure of 1530 psi and a shut
in casing pressure of 1716 psi."



4/ They still have a 20% free carry in some Guatemalan plays as per the disposal notice :

http://www.investegate.co.uk/Article.aspx?id=200707311553092384B

"Petrolatina is pleased to announce that the option announced on 21 May 2007 has
been exercised and that accordingly it has today completed the sale of its
Guatemala assets. The consideration is $4 million in cash.

The Company retains a 20% interest in the first three wells to be drilled in the
near future."


5/ They also have the Midas license in Colombia.

http://www.investegate.co.uk/Article.aspx?id=200709260701424915E

"Presently, new seismic is being acquired over the Midas block and first results
are encouraging. It is planned to drill an exploration well to approximately
8,000 ft following the La Paloma well."


6/ They also own a pipeline which generates revenues, and also generates cost of maintenance it should be noted.

http://www.investegate.co.uk/Article.aspx?id=200612110701145869N

"Rio Zulia - Ayaccucho Pipeline

The Pipeline was acquired as part of the acquisition of Petroleos del Norte
S.A.('PDN') in June 2006.

The Pipeline has a design capacity of 25,000 bopd. Success during the initial
development phase of the Tibu field will bring the pipeline close to full
utilization.

Based on an external evaluation carried out at the time of the acquisition of
PDN, US$10 million was attributed to the value of the Pipeline given its
prevailing throughput. The underlying value of the Pipeline will therefore
increase with the additional throughput usage."



*********************************



So taking all the good bits, why is a loan needed ?

PDN second payment needs $7m
Bridging Loan Repayment circa $5m left to pay
La Paloma Well $4.5m
Other developments.

Therefore the loan should be, according to estimates and rumour, around about 24m US$. Now we do not know the terms of the loan deal, if shares are going to be given as part of the deal, however, should the money issue be resolved, and should the terms be decent, then the upside potential for PELE would appear significant. The license extension is now done already, the final piece of the jigsaw, the one that can remove all the concerns over the company, is the finance package, and so, we await for news on it (and also of course news that Serafin is on line and producing or when it will come on line).


This Growth Company article jumped the gun, and was incorrect as the deal was not done on the finance late last November (although the license extension was done http://www.investegate.co.uk/Article.aspx?id=200711290702007412I ), and the drilling therefore has yet to start at La Paloma, but its a nice write up, and one which could be applied to PELE the moment the finance package is officially announced.


http://www.growthbusiness.co.uk/news/city-news/263549/petrolatina-wins-time-and-money.thtml

Wednesday 28th November 2007

PetroLatina wins time and money

Hard-pressed Colombian oil explorer PetroLatina has clinched.................


++++++++++++++++++++++++++++++++++++++++

TAG/PELE has been a rough ride for me, I will happily admit that, and it lost me 50% of my investment as was. I did bail out finally, but have since returned at circa 12p entry price. All being well I intend to recoup that 50% loss and gain a handsome profit, well, thats the plan anyway :)

I was having a sniff around with reference to the "disposed" Guatemalan assets ref the Disposal RNS :

http://www.investegate.co.uk/Article.aspx?id=200707311553092384B

Petrolatina Energy PLC
31 July 2007
Petrolatina Energy plc
('PetroLatina') or (the 'Company')
Disposal

Petrolatina is pleased to announce that the option announced on 21 May 2007 has
been exercised and that accordingly it has today completed the sale of its
Guatemala assets. The consideration is $4 million in cash.

The Company retains a 20% interest in the first three wells to be drilled in the
near future..............


+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Well, it seems the company that purchased the Guatemalan assets is "Quetzal Energy" and their web site is http://quetzalenergy.com/

Now we know from the RNS that PELE has a 20% free carry in their first three wells, so it was interesting to find this news on their web site :

http://quetzalenergy.com/index.php?id=165

Recent News
Quetzal's Testings at Atzam, Guatemala

October 22, 2007

Steven J. Reynolds, CEO of Quetzal Energy Inc., an Ontario Corporation headquartered in Toronto with operations in Guatemala, Central America, is pleased to announce that the Ministry of Energy and Mines has approved Quetzal Energy Incs request for a commercial field discovery based upon test results of the companys Atzam 2 well located in the department of Alta Vera Paz, Guatemala.

The newly declared commercial field will be named "Campo Maghelal or Bounty from the Earth Field as translated from the local Qeqchi Mayan language spoken in the region" added Reynolds.

Michael Realini, President and COO of Quetzal Energy Inc. noted that the Maghelal field is the first commercial field discovery declared in Guatemala since the discovery of the Tierra Blanca Field in 1992, preceded by the Yalpemech Field in 1989.*

Reynolds announced that Quetzals first well, "Atzam #2, has been tested on natural flow at 150 bopd of 35˚ API crude with no water. The well was also tested using a KUDU progressive cavity pump at a rate of 450 bopd, also with no water cut. In an effort to maximize reservoir life and ultimate well recovery, we intend to produce the Atzam #2 well in the 200 to 250 bopd range. The Atzam #2 well is currently completed open hole at a depth of 4,020 feet in Cretaceous carbonates of the Coban C-18."

Approximately 23 feet of pay have been identified within the C-18 zone of the Atzam #2 well and additional prospective zones uphole, remain untested.

"We are pleased with the results of our initial testing at Atzam and we are working with our (Quetzals) engineering staff and the Ministry of Energy and Mines to design an aggressive development program that will optimize oil recovery in the field," added Realini.

Quetzal has also begun design on a 437 km 2D seismic program on the 77,000 acre block that it hopes will identify additional drilling targets.

"The possibility of Quetzal discovering additional drilling prospects within the 1-2005 block after seismic acquisition is highly probable," said Reynolds. "The contract and surrounding area has known salt domes within it, some of which are prominent surface features. These features would provide Quetzal with classic oil rich targets."

"We are excited with this initial success and will continue to communicate updates to our investors as work progresses" closed Reynolds.

______

* Yalpemech field was declared commercial in 2003 but only produced 800 barrels of oil prior to abandonment



++++++++++++++++++++++++++++++++++++++++++

I can only deduce that PELE has 20% of this "commercial find" at Atzam 2, although it will not generate any revenues until its put into production.

As the RNS states, PELE has 20% of the first three drills, so lets see what they find with the next two..........

HOWEVER........although the link above goes direct to the Atzam-2 test results........you will not find this on their website, it has been pulled - and thats interesting as to why its no longer on their web site ??????????????? :)

Rumour has it then :


10p a share issue to gain 30m US$ (150m new shares in issue).

Rough potential asset value around 24p IMO per share after this IMV

1 for 5 share consolidation would put the SP back to around 35p at todays prices (with around 50m shares in issue)

Rough potential asset value of 120p a share after consolidation compared to share price of 35p after these events.

Fully funded, cash flow positive (is already)......if these events do happen, you'd be left with a very tasty investment case.......

HOWEVER, lets see if these events happen first, as ever DYOR !!!! And given the history of false starts and failed financing, certainly is DYOR !!!

Well, here is phase 1 :

http://www.investegate.co.uk/Article.aspx?id=200803270700598538Q

Petrolatina Energy PLC
27 March 2008

PetroLatina Energy Plc
('PetroLatina' or the 'Company')

Proposed 1 for 5 Share Consolidation, Increase in Authorised Ordinary Share
Capital and Directors' Share Capital Authorities

PetroLatina is pleased to announce that it intends to consolidate its ordinary
share capital, and to increase both its authorised share capital and the
Directors' authority to issue shares. The Company will shortly be writing to its shareholders to explain, inter alia, why the Directors consider these proposals to be in the best interests of the Company and its Shareholders as a whole and to recommend that Shareholders vote in favour of the requisite resolutions at an extraordinary general meeting ('EGM') which will be convened to take place in late April, 2008.

The Board is proposing a capital reorganisation which, if approved, will involve the consolidation of the existing ordinary share capital of the Company on the basis of:

1 new ordinary share of US$0.50 each for every existing 5 ordinary shares of
US$0.10 each (the 'Consolidation').

The primary aims of the proposed Consolidation are as follows:

To enable the Company's shares to trade at a market price that is at a
level more in line with that of other comparable listed oil and gas
companies;
To reduce the number of shares in issue to a more manageable level;
To potentially reduce the spread between the bid and offer price for the
Company's shares as a proportion of the share price;
To improve the attractiveness, liquidity and marketability of the
ordinary shares; and
To stem the decline in the Company's market share price by removing the
perception of some investors that the Company is a 'Penny Stock'.

Following implementation of the Consolidation, the new ordinary shares will have identical rights to those currently held by the existing ordinary shares
including their ranking for dividends. The terms of the existing warrants
outstanding will be adjusted accordingly.

In addition, it is proposed that the Company's authorised ordinary share capital be increased from the currently prevailing nominal amount of US$20,000,000 to US$30,000,000 by the creation of 100,000,000 ordinary shares of US$0.10 each, and that the Directors be granted the authority to allot equity securities, without offering those equity securities pro rata to existing shareholders, up to an aggregate nominal amount of the increased authorised share capital. 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.

The aforementioned proposals will require the approval of Shareholders at the
EGM, formal notice of which will be posted to Shareholders and made available on the Company's website shortly.

Application will be made for the new consolidated ordinary shares to be admitted to trading on AIM. It is intended that such admission will become effective and that dealings in the new consolidated ordinary shares will commence following the EGM, the date of which will be announced in due course.

Greg Smith, Chairman, today commented:

'These represent exciting times for PetroLatina, and the proposed Consolidation
will assist in making the Company an attractive investment to investors seeking
exposure to a balanced portfolio of exploration, development and productive
assets in one of the most exciting geographical areas in the world. We envisage
substantial opportunities ahead for PetroLatina, and will seek to develop the
Company into a leading oil and gas company in Latin America. The proposed
Consolidation is the first step towards driving PetroLatina to the next level,
and we look forward to informing Shareholders of further progress shortly.'

For further information please contact:

Greg Smith, Chairman / Pawan Sharma,
PetroLatina Energy Plc Tel: 020 7808 4851
Executive Vice President - Corporate Affairs

Simon Raggett / Warren Pearce
Strand Partners Limited Tel: 020 7409 3494

Ben Brewerton
Financial Dynamics Tel: 020 7831 3113

The "Rumours" Post for PELE :

To summarise the latest rumours (and ONLY TAKE THEM AS RUMOURS), which must be taken with a very large pinch of salt until some further official news is released. They could be completely and utterly wrong. Some parts of the rumours has come true so far.

-Extend authorised shares in issue to 300m.
-Presently fully diluted is 150m shares.
-Issue further 150m shares (nominal value 0.1US) at 10 pence to buyers to raise 30m US$.
-Take total shares in issue (fully diluted) of 300m and do a 1 fo 5 share consolidation so fully diluted shares would then be 60m (50m issued and 60m fully diluted).
-The raised funds eliminate the bridging loan.
-The raised funds are used for the PDN field development to ramp up production and comply with the licence extension.
-The raised funds also fund a drill at the new licence (La Paloma)

Company is presently cash flow positive however not enough so to be able to fund the required PDN development, and so with this injection of cash can do the development, which then takes PELE to being highly cash generative in 20 months time and then able to fund its own expansion plans from generated cash, as opposed to raising cash.


Its all rumour.......don't forget.

DYOR !!!!!!!

http://www.investegate.co.uk/Article.aspx?id=200804041300036567R

RNS is out.

2nd part of those rumours is correct, that being raising 15m pounds.

The final part of those earlier rumours was the price (that it was going to be 10p) - so a case of wait and see now if all the rumour points will end up being correct, or the last one wrong.

Re-read.

They can issue up to 250m new shares (200m new+remaining 50m or original 200m))

30m US$ divided by 250m = 12 cents or 6p a share.

Thats the worst case.



Suspicion therefore of circa 6p being the price, IMO.

Looks like the 10p placing rumour might be true then ?????


Petrolatina Energy PLC
25 April 2008
PetroLatina Energy Plc

('PetroLatina' or the 'Company')

Financing Update

Proposed $25 million investment

PetroLatina, the oil and gas exploration and production company focused on Colombia, with interests in Guatemala, announces that it has entered into a non-binding agreement with Tribecapital Partners S.A. ('Tribeca'), a Colombian
Private Equity Firm. Under the agreement, Tribeca has agreed to invest US$25 million in PetroLatina at a premium to the current share price for the development of the Company's promising exploration prospects and producing assets in Colombia. The agreement is subject to the satisfaction of a number of conditions precedent, including completion of Tribeca's legal and technical due diligence and execution of a definitive investment agreement. Further announcements regarding this proposed investment will be released in due course.

Greg Smith, Chairman of PetroLatina, commented:

'This will represent a major investment in the Company. We believe that it recognises the true value of the Company, and will enable PetroLatina to enter the second phase of its development programme in Colombia, increase cash flow
dramatically, and help develop and commercialise the Company's reserves.'

It should be noted that "Tribeca" are a major shareholder in Ecopetrol, so this relationship should ensure smooth process now with anything to do with the Colombian agencies.


RNS Number : 7210U
Petrolatina Energy PLC
19 May 2008

Update on Financing

Completion of Initial US$10 million Tranche of Proposed US$25 million Investment


PetroLatina, the oil and gas exploration and production company focused on Colombia, with interests in Guatemala, is pleased to announce that, following the statement made on 25 April 2008, final terms and conditions have now been agreed with Tribeca Oil and Gas, Inc. ('TOGI'), a portfolio investment company of Tribecapital Partners S.A. ('Tribeca'), a Colombian Private Equity Firm, to invest up to US$25 million in the Company.

TOGI has invested US$10 million in the Company by way of convertible secured loan notes (the 'Notes'). The Notes are convertible at TOGI's option into 5,890,080 new ordinary shares of US$0.50 each ('Ordinary Shares'), at a conversion price of 0.86 per Ordinary Share. In the event the Notes are not converted into Ordinary Shares, the Notes carry an interest rate of 15% per annum.

Subject to the satisfaction of a number of conditions precedent, including completion of Tribeca's legal and technical due diligence, TOGI will invest a further US$15 million by way of a subscription for 8,835,120 Ordinary Shares (the 'Subscription'). Upon completion of the Subscription, all of the Notes will automatically convert into 5,890,080 Ordinary Shares, and any related security will be released. As part consideration for the Subscription, TOGI will also receive a further 1,875,260 warrants which are automatically exercisable for no additional consideration into 1,875,260 Ordinary Shares if and to the extent that any exercise of the Company's existing outstanding warrants occurs. In the event that TOGI does not complete the Subscription, TOGI and the Company have the right to redeem all of the Notes. In the event that TOGI seeks such a redemption the Company would need to obtain alternative financing to satisfy such redemption. Further announcements regarding the Subscription will be made in due course as appropriate.

The new funds will provide the Company with additional cash resources to meet certain outstanding liabilities and fund its ongoing work programme in Colombia. The Company is embarking on a promising development and exploration programme over the next few months, and currently intends to commence drilling a minimum of four wells during the remainder of 2008.

Following completion of the Subscription, TOGI will hold Ordinary Shares representing, in aggregate, a 35 per cent. interest in the Company. The transaction represents an investment by TOGI at a price of 0.76 per share on a fully diluted basis, or 0.86 per share on an issued share capital basis.

Luc Gerard, President of Tribeca, has been invited to join the Company's board as a Non-executive Director, and his appointment is expected to be confirmed shortly. It is expected that upon completion of the Subscription, a second Tribeca nominee will also join the PetroLatina board as a further Non-executive Director.

Further announcements to this effect will be made in due course.

Greg Smith, Chairman of PetroLatina, today commented:

'The investment by Tribeca will secure the future of the Company and enable us to fund our planned programme of exploration and appraisal wells. We currently expect to drill a minimum of four wells across our three licence areas in Colombia by the end of this year. Our plan is to increase proven reserves, production and cash flow considerably through the drill programme.'

Luc Gerard, President of Tribeca, today commented:

'We're delighted to have been able to secure a substantial stake in PetroLatina. With current production and extensive exploration and development potential in Colombia, plus increasing throughput at the Company's Rio Zulia - Ayacucho pipeline,we believe that the Company has tremendous potential for increasing its value.'

Acquisition of Petroleos del Norte S.A. ('PDN') and update on the Tisquirama licence

Under the original terms of the PDN acquisition, a second cash payment of US$13 million was due to be paid to the vendors of PDN upon the extension of the Tisquirama licence. As announced on 29 November 2007, PetroLatina reached agreement with the vendors of PDN to make a cash payment of US$7 million and to issue to the vendors PetroLatina shares to the value of US$3 million at a price of 0.50 per share (equivalent to 0.10 per share prior to the Company's recent share consolidation). In November 2007, the former President of PDN was appointed as interim CEO of PetroLatina.

Following the statement made on 29 November 2007, final approval of PetroLatina's licence Amendment has now been received from the Hydrocarbon National Agency (Agencia Nacional de Hidrocarburos 'ANH').

Of the aforementioned cash payment of US$7 million, US$2.5 million will be made from the proceeds of the Notes, with the balance of US$4.5 million being paid from the proceeds of the Subscription, and 3,045,299 Ordinary Shares (the 'Consideration Shares') have today been allotted to the vendors of PDN. The Consideration Shares, in which the vendors of PDN will be interested, will represent approximately 11.6 per cent. of PetroLatina's enlarged issued share capital, will be fully paid and will rank pari passu with the Company's existing ordinary shares of U$0.50 each. Following the issue of the Consideration Shares, the Company's issued share capital will consist of 26,312,724 Ordinary Shares with voting rights. PetroLatina does not hold any Ordinary Shares in Treasury and accordingly there are no voting rights in respect of any treasury shares.

Application will be made to the London Stock Exchange for admission of the Consideration Shares to trading on AIM. It is expected that admission will take place and that dealings in the Consideration Shares will commence at 8.00 a.m. on Friday 23 May 2008.

The aforementioned figure of 26,312,724 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, direct and indirect holdings of voting rights in PetroLatina under Chapter 5 of the Financial Service Authority's Disclosure and Transparency Rules.

Non-applicability of The City Code on Takeover and Mergers ('City Code')

The City Code is issued and administered by the Panel on Takeovers and Mergers (the 'Panel') pursuant to the Companies Act 2006. The City Code applies to all takeovers and merger transactions, however effected, where the offeree company is, inter alia, a listed or unlisted public company resident in the UK, the Channel Islands or the Isle of Man and to certain categories of private limited companies.

In June 2006, PetroLatina completed the acquisition of PDN in Colombia. Following this acquisition, the majority of PetroLatina's directors were based outside of the United Kingdom and board meetings since then have been held overseas. Accordingly, whilst PetroLatina is a public limited company registered in England, its central place of management and control is currently outside the United Kingdom and therefore PetroLatina is not currently resident in the United Kingdom, the Channel Islands or the Isle of Man for the purposes of the City Code. As a result, the provisions of the City Code do not currently apply to PetroLatina and its shareholders are not entitled to the protections afforded by the City Code.


Enquiries:

PetroLatina Energy Plc
Greg Smith
Executive Chairman
Tel: +44 (0)207 808 4851

Pawan Sharma
Executive Vice President - Corporate Affairs
Tel: +44 (0)207 808 4851

Strand Partners Limited
Simon Raggett
Tel: +44 (0)20 7409 3494

Matthew Chandler
Tel: +44 (0)20 7409 3494

Financial Dynamics
Ben Brewerton
Tel: +44 (0)20 7831 3113

Susan Quigley

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 three wells to be drilled in the near future. In Colombia, the Company holds 40% and 20% interests in the Los Angeles and Santa Luc fields on the Tisquirama licence, respectively, and a 100% interest in the Do Mar field which together provided a daily production of approximately 450 barrels per day in the first six months of 2007. 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 R Zulia-Ayacucho pipeline in the prolific Catatumbo basin which transports crude oil. Present exploration/exploitation activities in this area should increase the volume of the crude oil resulting in an increased cash flow. Further information is available on the Company's website (www.petrolatinaenergy.com).

About Tribecapital Partners S.A.

Tribeca Fund I, FCP, is a Colombian private equity fund managed by Tribecapital Partners S.A. The fund has total investment commitments of US$135 million, from multilateral investors and institutional investors in Colombia such as pension and severance pay funds. Further information is available on Tribeca's website (www.tribeca.com.co).

Worth a listen about future oil prices and the current situation :

http://www.netcastdaily.com/broadcast/fsn2008-0531-3a.asx

2008/05/31-3a Big Picture with Jim Puplava & John Loeffler - Part 1 05/31/2008

Nice discovery for Pele. Director seems confident buying 54k worth at 27p.

Yes 1st well test success of Colon-1 for Pele was ranging from about 800-1200bopd.

http://www.petrolatinaenergy.com/news.php?n=145&o=

Colon-1 flowing at 1200 bbl a day.

"The rig which drilled the Colon-1 well was subsequently moved to the Los Angeles-11 development well location, and has already reached the targeted total depth. Preliminary results for the Los Angeles-11 well are expected to be available shortly and will be announced in due course."

Impressive RNS again

going to use this thread at least it has the company name on it!

This company doesn't seem to get much attention considering all the news recently. Things were looking good then the last RNS topped that confirming another six successful wells (from 6) from their Colombian assets.

Also they have stated that they are preparing a report that will confirm 'a significant uplift in proven and probable reserves' and an impressive increase in production by year end.

Not bad for a company valued under 25m

you're right, but its low cap and trading illiquidity are potential problems

Good company this imo, one that is delivering above expectations but going unnoticed or in other words little hype surrounding it currently.

That may change with this report due out.

MM only stock, though 6 of them, but EMS is a miserly 5000 shares and spread is at least 3.5p

Well I have a target of 165p so we shall see how far they come production wise in the months ahead.
The Colon discovery could be huge for a company like PELE imo.

Decided to join you a few days ago.....hope it's a good one....thanks guys for posting about it...

Late RNS tonight - great news...


Colon-2 Development Well Update (Petrolatina Energy)

TIDMPELE

RNS Number : 1986Z
Petrolatina Energy PLC
16 September 2009

?
16 September 2009

PetroLatina Energy Plc
("PetroLatina" or the "Company")

Colon-2 Development Well Update

Colon-2 development well flows oil at a substantial rate and confirms that the
Colon discovery has considerable potential

PetroLatina (AIM: PELE), an independent oil and gas exploration, development and
production company focused on Latin America, announces that the Colon-2 well, on
the La Paloma block, is now on test and is currently flowing oil at a
substantial rate.


Highlight:

* The Colon-2 development well has been placed on a production test and is
producing oil at an average rate of 664 barrels of oil per day ("bopd") on a
restricted choke over the first three days of testing.


Juan Carlos Rodriguez, Chief Executive of PetroLatina, commented:
"The success of PetroLatina's Colon-2 development well is most encouraging in
that it not only provides the Company with increased short term cash flow, but
also sets the stage for a full scale development of the Colon field discovery."


Colon-2 - La Paloma Block


As previously announced, the Colon-2 well, the first appraisal well to be
drilled following the Colon-1 discovery earlier this year, and located about
0.25 miles (450 metres) north of that well, has been successfully drilled to a
total measured depth of 9,300ft, logged, cased and cemented. Colon-2 found the
same oil bearing pay zone as that found to be oil productive in Colon-1, only
12ft structurally lower to that well. This was somewhat higher than the pre
drill estimate and essentially serves to confirm the field maps and provide for
a slightly more optimistic interpretation of oil in place than in the past.
Those field maps, based on the high quality 2008 3D seismic survey, are
therefore considered to be reliable.


The net oil pay thickness in the primary target in Colon-2 was essentially the
same as in Colon-1 confirming that this reservoir has considerable potential. In
addition to the specific Umir pay sand discussed above, the Colon-2 well found
and tested oil from additional pay in a sand 300ft deeper than that which
produced oil in Colon-1. Colon-2 also encountered oil pay, based on log
interpretation, in an Upper Umir sand, also believed to be oil bearing but not
tested in Colon-1.


The main Umir sand pay zone was cored throughout and the core is currently being
analysed to provide accurate porosity and permeability data for reservoir
modeling purposes and the recalculation of reserve volumetrics.


The primary target Umir sand in Colon-2, as well as the deeper sand noted above,
were perforated over the interval 8,774 to 8,812ft (38ft net) and 9,015 to
9,032ft (17ft net) respectively and testing of the well commenced on 8 September
2009. The well was flowed at an average rate of 664 bopd through a restricted
choke between 8 to 16/64th over the initial three days of testing. Essentially
no water was being produced at the end of this period confirming that both of
the two zones under test are oil bearing. The flow rate and flowing pressures
were stable at the end of the test period and the well continues to flow and the
cumulative production to 14 September 2009 was 3,138 barrels of oil.


The oil produced from Colon-2 is being trucked to the Ecopetrol S.A. receiving
station at Ayacucho and sold under the same terms as those which apply to the
Colon-1 oil production.


The Colon-2 well was drilled on the La Paloma Block in which the Company holds
an 80% interest. This block is held under the same attractive terms from the
Agencia Nacional de Hidrocarburos ("ANH") as those outlined previously for the
Midas block whereby the royalty is 8%, no "high price" or "windfall profits"
formula applies until 5 million barrels have been produced and there is no state
back in right. As such, each barrel of oil produced in this block is
approximately three times as valuable to the Company, in terms of net cash flow,
as a barrel produced from one of the Company's traditional fields such as Los
Angeles.

Impressive stuff.
The Colon discovery will be the making of this company imo.

5000bpd here we come

So very undervalued

Results out next week and updates on the Colon oil discovery including testing of Colon 1 and 2 wells.

Pity there is'nt a few more 0's on the five.....

lol
5,000bopd is huge for a company the scale of Pele.

Results are Tuesday I believe.

Gone very quiet this one. Any news due?

Lots of news due very soon - hopefully this week.

Recent director buying suggest the news will be good!


* Continued development of the Los Angeles field with two further development
wells planned this year.

* Colon-1 downhole pump update.

* The Colon-2 development well at La Paloma production test results.

* Chuira-1 workover - immenent.

* second exploration well (Zoe-1) is planned on the Midas block in November.

* Updated independent reserves report completed by the year end.

Thanks. Hope this morning's rise is the start of the next leg up.

Still no news?

RNS Number : 9595F
Petrolatina Energy PLC
22 January 2010




22 January 2010


PetroLatina Energy Plc

("PetroLatina" or the "Company")


Appointment of Joint Broker


PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company, focused on Latin America, is pleased to announce the appointment of Evolution Securities Limited as Joint Broker, effective immediately. Strand Hanson Limited remains the Company's Nominated Advisor and Joint Broker.


Juan Carlos Rodriguez, Chief Executive of PetroLatina, said:


"We are delighted to announce that we have appointed Evolution to act as our joint broker alongside Strand Hanson. Evolution has a strong client base within the Oil and Gas sector and an excellent track record in supporting oil & gas companies.



"We believe the combination of Evolution and Strand will enable PetroLatina to communicate more effectively with our existing investors and to broaden and deepen our shareholder base. With its research-led platform, emerging market expertise and profile among UK and international institutional investors, we look forward to working with Evolution and Strand in establishing a strong broking relationship that will benefit all our shareholders."


Enquiries:

PetroLatina Energy Plc

Juan Carlos Rodriguez, Chief Executive Officer



Tel: +57 1627 8435

Pawan Sharma, Executive Vice President - Corporate Affairs


Tel: +44 (0)207 766 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 Luc fields on the Tisquirama licence, and a 100% interest in the Do Mar 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 R 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 it 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).

Hmmm thought that was pretty good news personally but the market doesn't seem to think so?

May be just in line with the market martinl2.
2517

This company reminds me of Circle oil (COP), production improving all the time with exploration upside but going unnoticed by many, the market cap of both companies is far too low.

Hopefully the new broker can spread the word and improve their profile.

Ouch why the drop?

A lot of the oilies are weaker today.
2517

Monday's Report on UK-Analyst is from GE&CR - Buy PetroLatina: uk-analyst

About time this was tipped. Wonder if this is a result of EVO putting the word around already?

Wow didn't expect this big drop?

Anyone know why this has fallen?

I thought the most recent news was reserves increase and Zoe found oil in 2 areas. Surely this would be positive.

I give up.

What's the point of investing when good news is treated like terrible news?

Just makes the whole thing a casino.

Oversold and ready to recover, there is no stock available online and the price has been punished for more good news from 65p to a current 52.5p mid.

Another one getting manipulated, the max online buy has been 1000 shares most of the day online, price should be higher but if you cannot get any size then most
wont bother to buy, mm's win again.

Hi ravey,

Online buy limit upto 3750 @ 55 so nipped in and bought a few.

I think we're entering the period again where good news could come out at any time.

I noticed the is falling today against all currencies including $ (just now 1.485$ to the ) and that this is predicted to continue. This is a bit annoying if you're going aboard, but it also makes stocks listed in that have the revenues/cash in $ (like this one) cheaper relative to NPV/NAV/Cashflow etc. so in theory we should rise.

Well very hard to get stock so that 50k at mid price will probably be a sell, thats
what you want, sells, if it's all buys they will manipulate and drop the price, all
sales and they will push it higher to attract new buyers.

Saw that, but the online prices and amounts are exactly the same - you would expect more available to buy and/or a lower price (and less / lower price to sell?). Also no movement at all on L2.

So I think its more likely a delayed buy of some sort (eg from last week) which together with possibly more such buys I assume must be behind the shortage of stock for ordinary purchases.

Then again it could just be a transfer of stock from one place to another. You can't tell these days as they don't put the codes anymore.

I agree it could be a cross trade.

I just give up at times checking the limits, if the mm's want to manipulate it they
will just like they dont constantly at RRR.

Lets wait and see what they do next

Must be about time for another move up?

Its shake-out time again..

Exactly and dont it work well as the punters say there you are mr marker maker
i will give you your profit, just make sure when we have all sold you push the price
back up to make sure we buy back higher :-))

Yep, spot on.

News out!

Yes but as usual you can only buy a few.

2 seperate brokers, same result!

Have to put in a fill/kill or 'to dealer' order in these situations - should be able to get 5k as 1 MM on the offer with 5k size.

Do you have Selftrade?

Yes I have selftrade .... unfortuately!

That's a good thing!

You can click on the 'Send order to Dealer' button that comes up when the automatic order is over the limits, and put in a price of 1% over the current offer price to buy 5,000 shares. Since the MM on the offer has a 5k size you are quite likely to get them (then you will also likely have the pleasure of moving the price).

Thanks for that. May try that next time.

I suppose we should be worried, selftrade has gone 2 weeks without any problems so they should completely break down tomorrow :-))

That false trade certainly made me jump up for a few seconds, adding 000 to that
3639 buy, once again if you trade strickly by L2 you will lose money by bailing too
early then watch the mm push it higher still.

L2 is 5 v 1?

Best to use online limits as the real guide here in Pele, the mm's have been short
of stock for weeks and just feed on the weak who are took out in the shakes, today they could not hold it back, L2 is herdy in this stock so a guide upto a certain extent.

What's your interpretation of the current online limits ravey?

Can buy 50k , sell 1.5k.

I reckon its a bluff.

Sell limit creeping up - now 7.5k. Not getting the shares they want?

Sorry Martin, watching other stuff today and missed your post !

Online limits swing and roundabouts, there was a big seller when it dropped to
49p offer so now and again they do get some real size from somewhere, maybe
somebody under 1-2% getting out feeding the mm's, always popular stock so
size will be took up from faithful punters.

I never saw a big seller to explain that drop from 60+ to 49. How big was it?

This shareprice is being totally manipulated.

To be honest i never saw the worked sale as well when it was 49p offer but it
took some 400k of buys to shift the price from that level, the mm's dont give
away free money so they must have had stock in the opposite direction.

True this stock gets manipulated, but then look at Red Rock for real manipulation,
basically the shorter the market makers are the more they will try and manipulate
the price and stop it rising, not the way it should be, however mm's with loads of
stocks use any buy to try and push the shareprice, infact it's probably easier to
make money buying into a overhang than a share with a squeeze thesedays.

Thanks ravey. I would now agree with you there regarding the best time to buy.

I am now even more convinced that the online limits are being used as a bluff here. After the 18k buy this morning the sell limit has been raised to 10k @ 54.4p, but the buy limit has also been raised to 55k (from 50k). Why do this? Well it now looks like there's even more stock available - when you type in say 51k in a dummy buy you get accepted, therefore its natural to go away thinking maybe there's 75k or 100k available now? They are trying hard to give the impression there's lots of stock available. This just puts off buyers rather than attracting them.

Notice how the lower it goes, the more sells there are.

Nice news :)

No?

Obviously I was wrong. It was bad news after all.

Not bad news but like most stocks there's a seller, did you see they managed
to get 75k out last night when all the news chasers piled in yesterday morning.

When there's no stock Pele is a hot stock and will rise 5-10p in a day but for now
there is a overhang, sort of got used to them in all my stocks, wait for a real spike
then offload some and then buyback cheaper before the herd get bored and sell.

Yes, and also a 50k buy reported @ 16:32 (I think they reported it this morning).
I'm not convinced the 75k was a sell either - it could just as easily have been a buy order put in pre-open that caused the 2p mark-up at open.

If it was a sell, 75k does not explain this same pattern going on for 2 months.

More ambiguous trades. If these trades are sells, why are they ABOVE the buy price?

Simple, because they were worked before the price dropped, in the morning
there was 40k of buys, enough easily to work a 30k sale at 1p+ margin per share.
Difficult to be accurate because there's 2 x 30k worked sales, maybe one is a buy
and the other a sale but still an overhang as you can buy at or under the mid price.

Ok, but my fundamental point was - if you can buy shedloads at 53.85p, any overhang sells causing this must surely be below that price otherwise the MM's are losing money?

Well we had a 50k buy today @ 54.0p (changed the online offer from 53.85 to 54.5 and increase the sell limit from 1k to 15k), but you could still buy 50k at 54.5.
So maybe there is still some of this overhang/worked sell to go, but maybe its starting to run out. Looking forward to the day when it does.

No stock today martin and difference is it's 45p to buy not 55p so this could be
a real good run, i hope but just trading it as normal.

Yes limits are 25k sell / 1k buy - not seen them that way around for a while.

Good star, hope it continues.

More bad news for PELE.
2517

What the hell is going on? Is every stock about to go bust or something?

(or is it just the MM firms taking the opportunity to bleed small investors dry with the all the economic 'excuses' around).

HOLDING TIGHT (or buy the cheap shares off them if you've got the funds)

There is so much fear in the market now that all tiddlers will be marked down irrespective of prospects. I guess at it's worse, prices could drop down to where they were at the height of the credit crunch.

It is very frustrating but the key is to keep enough funds back to get back at the bottom of the companies that have potential. This has been on the cards for a long time and I guess the motto is keep calm and don't panic. There is a lot of forced selling at the moment which has little to do with small investors.

I think a lot of people are selling tidlers like this that have no chance of major upwards movement, and buying RKH, as it has very big potential for some massive moves upwards.

A case of getting money out of illiquid stuff thats going nowhere and making no money, and putting it into liquid stocks that are going places and going to make money.

Are there still gullible punters that read your posts papel power !

Sell a very good stock that is suffering and buy into another that has 6 folded
recently, that makes loads of sense, i would be selling RKH and investing in bombed
out stocks that the mm's are slashing prices.

You have never changed one bit, a big danger to new bulletin board readers :-))

RKH for zoom zoom..... or PELE for doom doom

100k Buy in Pele, dont seen many of them, guess that tells us all they look
good value.

3 v 1 this morning.

Well, looks like everyone's missed this excellent news.

Superb result from the pumps (>100% increase in output) and two new wells results to come in the coming weeks.

http://moneyam.uk-wire.com/cgi-bin/articles/201006070700161382N.html

Noticed post on a post today at MF.

http://www.bloomberg.com/apps/news?pid=20601072&sid=aeSsEhaMca0o


Seems the RZA pipeline was damaged by terrorists in late April, but PELE never informed the market of this ????

The chart is suggesting more fund raising, more dilution ahead.

Under 30p placing ? I think thats a very real potential now.

.

I've felt for some time that the MM's were desperately short of stock in this by the way on each disappointment, there was a quick mark up. Should have backed myself and got in at 38p but didn't because I was holding at slightly higher levels. It went up 10p on friday and then confirmed a placing at 38p.

Almost 25% rise today!

Another top call from Papel Power :-))

sorry, should have said 50%

I've heard on the grapevine that some massive news coming here regarding this last payzone they've encountered. Nothing new in that but the directors splashing out 5 million pond reminds me of similar at GKP around 13p. Keem them peeled here this next week or so.

I wonder if the Caza news will rub off on Pele, to raise all that money suggests they
have some good news to offer in the future as an incentive.

Hold tight.

I'm in, retraced down from 75p recently so lots of scope and have been over 350p. I agree the directors piling into fundraisings would suggest big things are coming at PELE.

no one twigged the dates yet from last report??? Time to wake up and DYR!

Kind of excites me a whole lot this share, MATD the second?

"have been over 350p"

When was that ?

have a look on III, talk the La Paloma block may have upto 300mmbbls against previously thought 50 mmbbls or in shareprice terms...

"""So assuming a very conservative valuation of 5 per barrel the 50 m equates to a value of 250m or around 2.80 share price and for 300m then this is 1.5bn or a value of 16, so very crude mental maths here but the mind boggles and the calculation is based on 89m shares in issue"""


16 a share, we can dream! Red Ferrari please.

Apart from Emerald energy....I have never ever been able to make a profit on south american oil shares.....it's like a curse.....was in this before : fingers burnt and out at a loss.....

On my watch list...they are predicting 2000p a share in 12 months.

Unreal the way they used to manipulate this and now one buy and they start
pushing it to the moon, i see buys galore in some of my stocks and they have
refused to move their prices for weeks, this thing sees any buy and the mm's
start pushing like crazy, i like Pele but i could not risk buying now until i see
the news to justify this rise, from 47.25p offer to 84p bid in just a week or
so.

and 75p down to 47p as well!!

Your stocks may not be rising ravey as they have no interest or a stock overhang. Try chasing the hot stocks where the buyers are, eg today ANR

and 75p down to 47p as well!!

Your stocks may not be rising ravey as they have no interest or a stock overhang. Try chasing the hot stocks where the buyers are, eg today ANR

OOOPS sticky key.

Dont worry about me, just because my med/long term stocks are not moving
that i'm not making money in this latest mini boom in the oil/mining stocks, i
just dont need to ramp them everywhere like the advfn mob do.

stench of jealousy? Go away and ramp your GBO israeli muck thanks. Try researching this like we have done, 300 mmbbls of oil possibly in place - 50 mmbbls already proven and this on just the one field. Down from around 350p PELE's time is coming. ;-))

:-))

Starting to show your true colours now eh, always the way eh, you are not deramping my stocks but in the space of minutes my stock has become "muck".

Shows what a idiot you are that has done absolutely no research, Gbo is Greek
and not Israeli :-))

please take you GBO to the GBO thread, nobody interested in your share, this is an oil stock thanks.

online buying switched off AGAIN - seems to be the pattern they are taking once it starts rising.

I'm in about 5 mins ago.....

people paying 93p i suggest they find themselves a new broker.

Nabbed a few more.
1:30pm rns pre U.S open? They do have a drill partner to consider re news release.

I'm looking for 50% return here...say 135p /140p.

i'm looking to avoid being sucked in
as i said on MATD thread about PELE - i see it's another MM only stock with preposterous spread, currently 85/89 but potentially much wider

Just a small bet for me cynic win or lose I dont care.

just lost most of your credibility then

just?

You know cynic I dont give a damn.

the MMs have turned it into a traders stock now!!

well if you're just playing tiddlywinks, then you should make that clear to one and all lest they take your ideas seriously ..... clearly they should not or at least not without a large dose of scepticism

seems to me you are rather like this stock - best avoided

I prefer domino's...lol.

Any relation ronny..?

top up time as short termers flee.

Are you not a short termer then....

loads in this yet davy fun not started yet.

coming back level now.

Buy this share now.

I suggest pointless posts from you two maybe more productive on a rampers
paradise called advfn !

Write this one down... 200p by Friday.

The more i see posts like that the more i refuse to buy them !

When will you lot ever learn that it's a waste of time to post them, i've
noticed a few advfn regular pump and dumpers doing the rounds posting
similar on other sites, now if they come out with news to justify it then
fair enough but the price has almost doubled in a week so i will never
buy unless news, quite happy to leave it to the next person or chaser.

lol ridiculous comment mitzy have to agree.

you still arou d with 200p friday target then mitzy? Suddenly some (traders) running for the exit on no announcement. All safely paid for here :-)

There's no way you are still holding them !

Bit rich when you bought and started ramping your first comments were "this
was over 350p once"

moron! Still long and strong here.

"moron"

Are you actually watching the current shareprice before you make silly
comments.

Where do these people come from ?

"There's no way you are still holding them !"


Why am i here then? I've just bought another 10000 @ 61p and yes the retracement is painful but recent highs will no doubt be recaptured. I'd rather you not post to me or on threads if you have nothing to offer thanks. Can you not stick to GBO or whatever rubbish you're trying to single handedly push.

Now calm down !

Care to divulge which advfn ramper you are then ?

I noticed on hemscott a certain "bigbobjoylove" ramping this, now that
name is familiar, as for Gbo it's up over 25% even after the wide spreads
so that rubbish is doing fine.

So you have watched your share drop from 90p to a low of 57p bid and
not sold or traded any of them, typical ramper is always posting the buys
but never when they sell.

ps...there too many traders in it now and soon as it turns the mm's run for
cover and the price hits new intraday lows, going to be very hard to call
this one from now on until a rns hits, in theory it's still way higher than the
range it was trading in before the spike.

what an angry young man/woman!

That's just it, i'm perfectly relaxed and you are are resorting to abuse because
you dont like what you read.

All well known pump and dumpers always change the subject and start to throw
personal abuse and insults when others question their motives.

what a vile character you are and i won't respond anymore. It is bvious you've been upset somewhere and perhaps i could ruin your GBO ramping but i shan't engage with you anymore, goodbye :-))

PELE starting to come back now ;-)))

Maybe if you post 50 smileys it might convince somebody else but this
has dropped from 90p to 60p so unless you sold you would have nothing
to smile about, of course i would expect you are trading it hence you
only name your purchases and then get abusive when questioned, i have
a short list of 5 posters from advfn that you are and all of them are nasty
people who post any old nonesense and abuse when they dont like what
they read.

i'ld leave this stock to mitzy and her tiddlywink stake(s) ...... she doesn't care whether she makes or loses money (see post 309)

She said 200p a few posts ago.
I think she meant 2p ..

I'm just surprised that the management can let their shares run from 47p to 90p
then back to 57p without any statement.

rdg - don't be a silly billy! ..... this is tweensy company with minute cap and it takes bugger all volume to move the price ..... no rns remotely necessary

Sometimes i wonder about some of the posters here, do you not check the facts
before posting.

Cynic it's current valuation is 68 million, that is not "tweensy"

Yes at times the limits are chopped and it moves sharply but its' become mega
liquid of late and the volumes are miles above the averages.

going up nicely now, of course i'm not in these anymore. Good post on iii.

I'm in..

You two make a good couple !

The price has dropped 20p since you bought mitzy ?

That means he must be 50p in debit ...

I only buy the best shares and this is one the other is Matad.

had to go up in early!! lol

Mitzy.

Do you think anybody reads these boards and your posts and thinks
what a legend you are.

Perhaps it would be more productive writing your garbage on advfn ?

rdg - mitzy does no harm so no need to be vituperative

I am legend.

I dont see the logic of saying at 85p that a stock will be 200p within days then
a few days later at 63p then posting "i'm in"

What is the point of that then cynic ?

What is the point of your quite nasty posts on here ravey?
Maybe you would be better off watching daytime TV and ranting at that?

"quite nasty"

lol

Get a grip ffs :-))

I must say I expected more from a 40 year old ravey.

Not 40 yet son !

Come on, your posts are pointless, lets have some quality eh ?

Mid life crisis coming..?

from a well respected poster on the other bb dont think he will mind me posting here PELE's cap is around 50m at present with the current 88m shares in issue. It produces in around 1200-1500bopd. Although we'll need to see a more long-term production profile of the colon wells to judge the decline rates better. they've also around 6mmbbls of reserves although the new reserve report when its eventually released will clarify that. The reason that I entered PELE once again was the testing of the new Colon sand. Its approximately 3 times thicker pay to any other Colon well and this deeper channel could cover a similar area to the existing field and also elsewhere on this or neighbouring blocks. We need to see if these oil prone sands flow first though. The C-3st also has the typical colon pay sands at similar depth as the other producing wells. If the new sand flows well it will add potentially significant P2 to PELE as well as possible material production. The cap was only around 30m when I bought. Since discovering this new sand channel management and their largest shareholders and backers have added significantly to the tune of around $20m. So a decent portion of the current cap is still cash.

So depending on the outcome of the C-3ST PELE could be significantly under-valued with a cash pot and a production level in the region of 2500bopd-3000bopd with reserves to add from Q-1 and C-3ST. Or largely as they are with $20m cash, 6mmboe P2 and about 1000bopd. Also the reserves of the field are now thought to have a stratigraphic element after what they've encountered in C-3ST. I'm holding off adding until all the hot money has gotten bored and wandered off. Next key news will be the flow tests of C-3ST, will they be +ve or -VE that is the big question. With the run without news backing it and relentless buying it looked like a leak, not its turned quite sharp. A leak or traders panicing that is for you to decide. I'm keeping my eyes peeled on news. Bizarre trading swings are largely irrelevant to the future of the company, the results of C-3ST that's another matter entirely. I don't know why it rose, don't know specific reasons for the fall back (guess would be mix of profit taking and panicing in the short-termers). PELE aren't over-valued, many oilies are valued much higher and have found and produced nothing but lots of dirty water. After cash their production and reserves are valued at 35m. after this bb settles down to 3-4 posts a day again I'll likely add, in the mean time I'll wave good bye to those who buy and sell only on momentum. And if you canny beat the hot money, join the hot money and you'll end up with an increased holding at little or no extra cost. My reason for entering PELE hasn't changed.

No crisis for me, making plenty trading in and out of oil juniors.

rdg post 356 - i agree little point to it at all, but still no reason for your hissy fit

Superb performer today.

but certainly not over the last 5, and not even so hot over last 12 months ......

Well spotted cynic..

really difficult to see that one too - lol

Looks like the dream is over here for those who were dreaming....... ?

No doubt about it.. I'm a believer.

Go on my son.



my target is 100p sometime.

Good operational update back to 50p.

.