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

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.