flow rates imminent.10X bagger

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?

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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