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

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