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

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.