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

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.

Hopefully the new broker can spread the word and improve their profile.

Ouch why the drop?

A lot of the oilies are weaker today.
2517

Monday's Report on UK-Analyst is from GE&CR - Buy PetroLatina: uk-analyst

About time this was tipped. Wonder if this is a result of EVO putting the word around already?

Wow didn't expect this big drop?

Anyone know why this has fallen?

I thought the most recent news was reserves increase and Zoe found oil in 2 areas. Surely this would be positive.

I give up.

What's the point of investing when good news is treated like terrible news?

Just makes the whole thing a casino.

Oversold and ready to recover, there is no stock available online and the price has been punished for more good news from 65p to a current 52.5p mid.