flow rates imminent.10X bagger

Would this be the same 10 bagger as:-
EME
SNT
SRT
IGD
TXR
EBTM
CUS

etc.

I don't know about flooding through, more of a trickle I would say. lesbme---law of averages says he must be right sometime, I hope it's this time as I have a few of these.ha!ha!
2517

tick-up.igd.1-.7 sold/ebtm.1-.25 sold/cus.2-.7 sold./txr2.9-4.5 holding/

this is bigger then 20m boe hence the delay.major discovery

1 5k buy 1st thing and it goe,s 2v1.ready too rocket.colon-1 will send this into the 2 quid bracket.could be hooked onto rza pipeline already.

calm before the storm flow rates now 6 days late get the feeling production rns will be the next rns/commercial/flow rates/hooked up and producing.

Mega 2.5k's worth of shares this morning so far!

LOL Quality ramp!

nice 100k buy

someone bought 20 grand on friday and now another 20 grand.

and another 10 grand someone got the heads up.200p+

volume building 3v1

Promising update and volume increase.
2517

RNS Number : 5134N
Petrolatina Energy PLC
18 February 2009



18 February 2009




PetroLatina Energy Plc

('PetroLatina' or the 'Company')




Colon-1 Exploration Well Delivers Successful Preliminary Test Results




PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce successful preliminary test results for its Colon-1 exploratory well on the La Paloma block in the Middle Magdalena valley, Colombia. The Company retains an 80 per cent. working interest in the Colon-1 well and is the operator.




The Colon-1 well was drilled to a final total measured depth of 9,125ft. Logging results and oil shows encountered whilst drilling indicated that the Upper Cretaceous Umir Formation contained a potentially oil bearing sand from 8,755ft to 8,795ft. This sand has been designated the 'F Sand' and initial flow testing of this zone has now been undertaken.




The Umir F Sand section from 8,764ft to 8,795ft was perforated and the well produced oil at significant rates on natural flow. Flows were recorded through various choke sizes and average flow rates and tubing head pressures achieved over time can be summarised as follows:




CHOKE SIZE

(64th. Inch)
FLOW PERIOD HOURS
BARRELS PER DAY
TUBING HEAD PRESSURE (PSI)
GAS/OIL RATIO SCF/STB

6
8
806
438
19.7

8
6
810
240
19.1

10
6.5
857
198
15.2

12
5
783
205
16.7

14
6.5
1,127
162
14.1

10-36
99
1,197
114
13.1





TOTAL CRUDE OIL PRODUCED ON TEST: 5,899 Barrels





Laboratory analysis has determined that the oil is 22 degrees API at 60 degrees Fahrenheit.




Testing operations are continuing and upon completion of the current flow period the well will be put on an extended shut in period to allow accurate downhole reservoir pressure measurements to be completed. Oil produced at Colon-1 will initially be handled at the PetroLatina operated Santa Lucia field located 12km to the northeast of the discovery which currently has adequate unused production capacity.







The rig has now been moved to the next PetroLatina drilling location, a development well in the Company-operated Los Angeles field which is expected to spud within the next few days.


Juan Carlos Rodriguez, CEO of PetroLatina, commented:




'We are delighted with the success of the Colon-1 well, especially as it was the first exploratory well to be drilled on the La Paloma field. The Umir F Sand is of better than expected reservoir quality and the oil quality is also higher than anticipated. The drilling success will in due course significantly increase the Company's existing production volumes, which averaged approximately 261 bopd in 2008, and allows for further development of the La Paloma field where we have identified several additional drilling locations.




'In due course, we expect to be in a position to provide details of the final test results and a preliminary indication of the potential significance of this discovery.'







Mr Menno Wiebe, a Non-executive director of the Company, has reviewed and approved the technical information contained within this announcement in his capacity as a competent person, as required under the AIM rules. Mr Wiebe is a Petroleum Geologist and has been a Member of the American Association of Petroleum Geologists for more than 25 years and a Member of the Geological Society for more than 5 years.







Enquiries:




PetroLatina Energy Plc

Juan Carlos Rodriguez, Chief Executive Officer



Tel: +57 1627 8435

Pawan Sharma, Executive Vice President - Corporate Affairs
Tel: +44 (0)207 956 2821






Strand Partners Limited



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






Financial Dynamics



Ben Brewerton / Susan Quigley
Tel: +44 (0)20 7831 3113





Additional Information on PetroLatina Energy Plc:

PetroLatina Energy Plc (AIM: PELE), formerly known as Taghmen Energy Plc, was founded in 2004. The Company is presently focused on Colombia after the sale of its assets in Guatemala in which it retains a 20% interest in the first three wells and a 20% working interest in future wells. In Colombia, the Company currently holds 40% and 20% interests in the Los Angeles and Santa Luc fields on the Tisquirama licence respectively, 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 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 crude oil transported resulting in an increased cash flow. Further information is available on the Company's website (www.petrolatinaenergy.com).








This information is provided by RNS
The company news service from the London Stock Exchange

Much better than i expected with more to come. 50p here we come !!!!!

nice one. guys neuropharm/NPH massive drop today way overdone and full trial results still too come.12.7 mill cash ie 45p thats why it opened at 45p.watch it slowly climb.too cash 45p

Why the fall in price?

PELE has a lousy management...that's what the matters.

MoneyAM
PetroLatina Energy's share price jumped 23.8% to 26p by mid -afternoon following the announcement that its Colon-1 well in Columbia has signficant potential in terms of the expected oil production rate.

The well is expected to produce above 1200 bopd which would result in a significant uplift to the Company's existing production.

Juan Carlos Rodriguez, CEO of PetroLatina, comments: "We are pleased to note that the results of the Colon-1 pressure build up test appear to confirm our earlier positive view regarding the potential impact of this well on PetroLatina's near term production rate.

"This drilling success will not only greatly supplement the Company's production volumes but will also allow for development of the La Paloma field which has several additional promising drilling locations. It will also result in an increase in the Company's reserves in due course.

"The proximity of this well to our existing and underutilised production facilities will allow us to monetize this discovery in the short term."
cyril

Newsflow increasingly more positive, sp seeing levels not reached for many many months.
2517

Is this well off peeps radar or what? Gr8t news from a well undervalued company imo. And crap volumes `HELLO` Get in and get some!! RAMP RAMP RAMP dyor 8-)

I feel that at 234000 vol, it's not that exciting, am I wrong?

Powered by IST's

ZZZZZZZZZzzzzzzzzzzzz..........

Wake up martinl2 annual results out and the market like them.
2517

Nice :)

Been a strong performer since annual results, and off to a terrific start for the week.
2517

Good drilling news, nice increase in production & sp.
2517

Very nice update and with so much to come too.

Surprised this has only risen 18% so far from the dip but can't complain.

Can't believe this is still under 20m cap.

I can see 60p being challenged within weeks and 1 not that far off.

AGM presentations on website:

http://www.petrolatinaenergy.com/documents/2009_AGM_Presentation.pdf
http://www.petrolatinaenergy.com/documents/2009_AGM_Technical_Review.pdf

Very interesting reading.

PELE knocking a few in at last, another 2 successful wells making a total of 6 with possibility of more to come. Very promising.
2517

Excellent result and so much upside,plrased with myself as i boight into these last friday.
cyril

Gr8t news, like you say cyril loads of upside. Lucky enough to get in earlier in the year at 20p.

Another impressive RNS from Pele.

The enormus potential slowly being reconised,at present 52.5p.
cyril

An excellent summing up of PELE and its potential,nicked from another board.

Last weeks RNs was a bit of a hidden blockbuster, and it doesnt even have a thread at stuckupedia.

So what do we actually have ?

At AGM time we had production net of 1025 bopd.

LA-11 170 bopd
LA-12 80 bopd
LA-14 200 bopd
Colon-1 600 bopd

Total 1050
Reference: http://www.petrolatinaenergy.com/news.php?n=150&o=0

And how does that change with this RNS ?

LA-12 fracced to 300 bopd
Chuira-1 180bopd natural rate before problems which should be restored after workover.
Colon-1 stable at 400 bopd
Colon-2 looks similar to Colon-1 testing to start in 2 weeks my estimate 400 bopd
LA15 & 16 to be drilled next in know oil pay sands

So if we make the assumptions (which look reasonable to me) that:
Chuira workover works.
Colon-2 produces at 400 bopd
LA15&16 comein at 200 bopd

Then by the end of the year we could have:
LA-11 170
LA-12 300
LA-14 200
LA-15 200
LA-16 200
Colon-1 400
Colon-2 400
Chuira-1 180

Total = 2050 i.e. double the current production.

With PELE profitable at 25USD per barrel and assuming a current POO of 65 USD we have 40 USD of profit so 40*2050*365 = 30m USD profit annualised 45.5m shares in issue and ex rate of 1.6 gives 41p per share of profit vs an sp of 50p !!!!

And that is just from the oil

As for Serafin proven gas that is about to be connected to the grid:

14 mmcf/day
US$5.00 per thousand cubic feet
= 14*1000*5*365 = 25.5m USD pa
PELE 25% interest and assume production rate at half of testing
PELE annualised revenue = 3.18m USD
Ex rate 1.6 = 2m GBP
45.5m shares in issue = 4.3p
Assuming P/e of 10
The serafin gas production, annualised, fully covers the current sp.

Lots of assumptions in the above I know, but ....

And what of the RZA pipeline ?

It had a last reported throughput of 4000 bopd.
PetroLatina receives $1.60 per barrel transported from the Tibu field
and $2.64 per barrel transported through the Zulia Field.


And for the future:
Downhole pumps to further increase rates.
7 additional wells at/around Colon
Independent reserves report due this year
Pipeline throughput increases
Serafin gas sales to start in Q4

I know people talk about no-brianers a lot but if this isnt a no-brainer then I have no brains.

http://www.petrolatinaenergy.com/

This should 10-bag on the end of year oil production alone, without the pipeline, the gas or the potential !


Excuse me,but you've forgotten "reduced drilling costs"for starters:-)


Great summary - and if anything I believe you are probably being a tad conservative on year end oil production figures.

It looks like we are on a p/e of around 1 for next year.

I suspect that once the TOGI loan note/share issue is out of the way, following a fundraising, then we could see a really significant increase in the share price.

Happy for this to stay a "quiet" share for now whilst all the noise stays on the likes of GKP, ROS etc.

Very exciting potential, and a quick look at the 5 year share price graph shows what might just happen.

another plus..

favourable terms secured from the Agencia Nacional de Hidrocarburos ("ANH") 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.

cyril

No point ramping this stock 20m mkt cap. lol

Good steal. Iam not selling anytime soon.

43.89n shares at 54.5 = 24m
A serious breakout here,all news driven and imo a long, long way to go?
cyril

Up 10% yesterday. Up 11% already today. People starting to realise real value of pele. Cynic if you read this told ya so.

FROM YESTERDAY AFTER BELL

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.


Mr Menno Wiebe, a Non-executive director of the Company, has reviewed and
approved the technical information contained within this announcement in his
capacity as a qualified person, as required under the AIM rules. Mr Wiebe is a
Petroleum Geologist and has been a Member of the American Association of
Petroleum Geologists for more than 25 years and a Member of the Geological
Society for more than 5 years.


Enquiries:


+-------------------------------------------------------+------------------------+
| PetroLatina Energy Plc | Tel: +57 1627 8435 |
| Juan Carlos Rodriguez, Chief Executive Officer

stupid valuation for PELE with the Colon discovery.
Due out upgraded reserves report should be good.

Nice rise so far today. Could be a pound before the months out.

Before the year's out maybe?