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

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

PP, just noted that EK from t1ps has gone long on PELE with figures of 100p in mind.

We shall see, but perhaps sentiment is begining to change??

100p is not out of the question, if Guatemala starts to produce and also the Midas field comes good next year :)

silvermede - what does EK say?

EK says nothing, apart from the 100p target.

25th October 2006 from 17:30 to 20:30 (18:00 start)

Presentations by PETROLATINA and Horizonte Minerals.

Free to attend but must register first (again free). You can click on the image above, or email ian@proactiveinvestors.com or call on 07738717275 or click on the following link :

http://www.proactiveinvestors.co.uk/eventregistration.asp

Venue is the Chesterfield Mayfair.

Out now on the free uk-analyst.com email today about EK's diary entry last week, with his long in PELE. Extract below :-

...............""Kensington (KGN) continues to rise and now looks a good time to open a short. Regrettably I am already been short for the past 700p of upside but my day will come. Recent drilling news from Oilexco's (OIL) North Sea operations looks pretty bad to me and in a sector full of huff and puff this looks more overvalued than most. I have opened a short. However, I have opened a long position in Petrolatina (PELE) at 20p. The diarist asks for the fundamental analysis behind this trade. Impertinence. A chap I know tells me that the shares could go to a pound. My fundamental analysis is that my pal knows what he is talking about. And that is that. I admit that family Cawkwell already has some exposure as Pele was formerly known as Tagmen and I was in that at 70p. But that is a trivial detail."...........................

Well worth a look through it :

October 06 Powerpoint Presentation Link Below :

http://www.petrolatinaenergy.com/documents/PLE_Investor_Presentation_10_06.pps

PP, Thanks. Strong cash generation from Oil Sales by year end. :-)

Thanks PP, bought a few more as they look cheap on Mkt Cap vs future revenues.DYOR

Pick up in buying volume today, lets hope finally something good is around the corner after so much disappointment in Guatemala so far.

Yes I hope so too, it's a long way to Tipperary, but it's even further to reach the price I paid for PELE.
2517

Me to George,these have been an absolute disaster for me so far.