Web Site : http://www.taghmenenergy.com/

Company Update Webcast Webcast, watch by clicking here

June 2006 Write Up June 06 Oil Barrel Link Here

May 2006 Write Up : http://www.proactiveinvestors.com/registered/articles/article.asp?TAG

May 2006 Research Report : http://www.objectivecapital.co.uk/taghmen.pdf

April 2006 Presentation : http://www.taghmenenergy.com/documents/taghmen_04_06.pps

Email : info@taghmenenergy.com

Company Profile

Taghmen Energy is an independent oil and gas exploration, development and production company which listed on Londons AIM market in January 2005. It is focused on Latin America and has assembled a group of assets in Central America.

Key Points:

Exploration focus is shifting to new hydrocarbon destinations.
Maturing fields in traditional oil producing regions such as the Persian Gulf and the North Sea have prompted companies to seek alternative destinations for hydrocarbon reserves. As a result, there has been a notable increase in exploration activity amongst the former Soviet Union, Latin/Central America and West Africa regions due to their under-exploited reserves. Much of future oil and gas production is expected to come from these emerging hydrocarbon regions.

... and to the development of smaller fields
With the notable exception of those in the former Soviet Union, new regions however offer relatively smaller fields. Their economics make them distinctly attractive for smaller companies but unattractive for the majors. This has prompted larger companies to focus on production, leaving exploration and development of hydrocarbon reserves with smaller companies. Taghmen characterises these emerging exploration trends in the oil and gas sector.

Corporate strategy entails both exploration and production
What is unique with Taghmen is its intent to be engaged in subsequent production as well. Most exploration companies seek to exit upon the prove-up of their reserves through an asset sale to a larger company. Taghmens intent to be a company maker makes it more selective in licence acquisition. It also offers more comfort regarding the reserve potential of its licence areas.

... and is en route to be implemented through an acquisition
Taghmen is in the process of finalizing the acquisition of Petroleos del Norte S.A. (PDN), a Colombian company that operates three fields close to Taghmens licence areas. The proposed acquisition would provide Taghmen with a larger exploration reserve base, a pipeline infrastructure and some producing assets. This reiterates Taghmens commitment to be a producing company rather than a pure exploration play.

High energy prices underpin the profitability of exploration
Rising demand for energy from fast growing economies such as China and the uncertainty in key oil producing regions are likely to keep world energy prices high. This has reduced the risk profile of exploration projects considerably. Current oil prices make even smaller fields financially viable.

Latin/Central American governments are keen to develop their reserves
As the energy needs of these countries mount, the need to develop their hydrocarbon resources has gained eloquence. Governments are keenly seeking foreign investment and have adopted several policy decisions to attract them to their respective countries. Colombia and Guatemala are no exceptions. Taghmen benefits from these developments
______________________________

Price guide for Mexican/Guatemalan Oil types (3X looks Olmeca type)
http://pemex.com/files/dcpe/epreciopromedio_ing.pdf


Las Casas Weather Link : http://www.fallingrain.com/world/GT/14/Las_Casas.html

Glossary of terms used in the oil business : Link Here



Las Casas Weather Link : http://www.fallingrain.com/world/GT/14/Las_Casas.html

Glossary of terms used in the oil business : Link Here

Details on what is an oil well : Link Here

Research links ;

http://www.taghmenenergy.com/documents/taghmen_float.pps

http://www.resourceinvestor.com/pebble.asp?relid=8052

http://www.taghmenenergy.com/documents/taghmen_aim_listing.pdf

http://www.findarticles.com/p/articles/mi_m3159/is_8_220/ai_55822340/pg_3

http://www.costaricabusinessclub.com/187/english/news.html

http://www.mbendi.co.za/a_sndmsg/news_view.asp?I=67434&PG=23

http://www.ihsenergy.com/company/pressroom/articles/files/07-05-worldwatch.pdf

http://www.ideasintl.com/news/Articles/TaghmenEnergy.htm

New September 2005 Investor Presentation (MS Powerpoint);
http://www.taghmenenergy.com/documents/taghmen_09_05.pps


Major Shareholders

Significant stakeholders now include Fidelity, Artemis, RAB, Metage and Millennium.

Major Shareholders : Shares in issue: 82.3m


Major Shareholders....................................Amount....................% Holding

Gregory Charles Smith (Dir)......................13,600,001................16.52
Millennium Global High Yield Fund Ltd........7,153,848..................8.69
Chasm Lake Management Services LLC......5,615,385..................6.82
OCH Ziff Capital Management.....................5,200,000..................6.32
Artemis Inv Mgmt Ltd.................................5,000,000..................6.07
Fidelity Management and Research.............4,745,755..................5.77
RAB Energy Fund Ltd................................4,480,770..................5.44
RAB Special Situations LP.........................3,713,077..................4.51
THIRD POINT LLC.....................................2,800,000..................3.40
Moore Capital Management Inc...................2,538,462..................3.08
Liberty Square Asset Management..............2,500,000..................3.04
Meridian Natural Resources High Yield.........2,423,078..................2.94
Metage Funds Ltd.......................................1,897,470..................2.30

Other directors
James De Vaux Guiang (Dir).......................1,000,000...................1.215
Nicholas Hugo Gay (Dir)............................750,000...................0.911
John McNeil Scott (Dir)............................750,000...................0.911

2006 Work Plan For Guatemala and Colombia

Guatemala (Active drilling 2006 to early 2007)



For Las Casas license

Ongoing = Long Term Production Testing - Las Casas 3X
May to July 2006 ***** Sidetrack of Las Casas 1X
July to August 2006 ***** New Well Huapec 2X

For A7-2005 license

June to July 2006 ***** Workover of Tortugas 4 (any order 4/5/2)
July to August 2006 ***** Workover of Tortugas 5
August to Sept 2006 ***** Workover of Atzam 2
May 2006 ***** 2D Seismic at Tortugas / Atzam
June to Sept 2006 ***** 3D Seismic at Tortugas / Atzam
October 2006 onwards ***** Drilling of 3 news wells at Tortugas/Atzam
___________________________________________________________________

Colombia (Process and Prepare ahead of 2007 drilling)



Midas License

May to June 2006 ***** Reprocess old seismic and Well Studies
June 2006 ***** Geochecmical Survey
August to November ***** New Seismic acquisition

La Poloma License

May to June 2006 ***** Reprocess seismic and well studies
July to August 2006 ***** Geochemical Survey
Nov to December 2006 ***** New Seismic acquisition

PDN Colombia

Details to be issued once acquired

IC Write Up : 21st Apr 2006 IC Write Up Link Here
_________________

Research report (12th May 2006) on TAG in the link below :

Here is the comment from Nick Gay -

"please find a research report prepared by objective capital on taghmen.This covers our existing asset base,but does not take into account any impact of the PDN acquisition.Objective capital has also applied its own conservative geological risk factors to the various prospects.Having done this,they calculate a value for the assets of $84.3 million,well in excess of the current stock market valuation.Removing their risk factors indicates a value of $746.7 million.We obviously have a lot to play for !"

http://www.objectivecapital.co.uk/taghmen.pdf

Operations Update

RNS Number:1553E
Taghmen Energy PLC
07 June 2006

TAGHMEN ENERGY Plc
www.taghmenenergy.com

OPERATIONS UPDATE, JUNE 2006

Taghmen Energy Plc ("Taghmen" or the "Company") an independent oil and gas exploration, development and production company, focused on Latin America, is
pleased to provide the following operational update on its operations in Guatemala.

Well 1XA

Operations on well 1XA commenced in late May, 2006. The sidetrack was successfully kicked off at a depth of 5,810 feet. The total depth is planned to be at approximately 10,000 feet and the sidetrack is expected to take 35 days to drill.

Huapac 2X

The bottom hole location for the planned Huapac 2X well has been selected, based on the interpretation of the 2D seismic survey shot earlier this year.

A drilling pad will be constructed whilst the well 1XA is drilling. Huapac 2X is expected to spud in late July 2006.

Licence 7-05 (Tortugas/Atzam)

Negotiations with the Ministry of the Environment are ongoing to approve the environmental impact assessment. Technical approval has been granted by the
Ministry of Mines and Energy to convert the planned 3D seismic shoot to a 2D shoot. Taghmen believes, based on its understanding of the current status of Government approvals, the Tortugas/Atzam seismic acquisition and the first of the three well work overs will commence in late June 2006.

7th June 2006

An interesting post from Arturo at AFN, if the theory is right and if TAG do go debt for PDN and not equity issue, then there will be some very interesting times ahead, not company wise, but of the backroom consortium type trying to wiggle their way out of what they have made, without losing a load of money from short selling and crashing the price.... Who knows... DYOR !


"
ArturoBechstone - 7 Jun'06 - 12:22 - 2303 of 2324

@ all

I had a quick look through the share history of TAG.L - quite interesting to see that we don't encounter such 0.0001$-shares issued to some ruthless initiators like we see sometimes at the OTC or AIM. All shares were issued above the current share price regardless if deemed or cash prices; 0.65$ = 0.35 GBp was the lowest price. We have 83,641,922 o/s as of today and - more important

- 2,888,889 warrants @ 0.65 US$ (0.35 GBp)
- 29,217,466 warrants @ 0.90 US$ (0.48 GBp)

outstanding that might get converted till 31/7/2006.

If I were a small and clever institutional buyer and I'm convinced of TAG.L, I would form an alliance with another two or three as small and as clever institutions in order to 'kill' those warrants. Probably it was the intention of TAG.L to use the proceeds of the potential warrant conversion to (partly) finance the latest take-over. The conversion would provide up to 28m US$ (15m GBp) for the company's treasury.

But what's happening if there is no incentive for such conversion? writiwrite -TAG would need to collect monies through another PP that is priced closely to the current share price. Now our cunning consortium will enter the scene and will rebuy the shares it already sold in order to sink the shareprice at a resonable discount.

My opinion - your choice !

Arturo"

Its blue BUT I would say ignore it........SEYP have not moved and are still 27/33

The others are just messing around, up on good days and down on bad, they will probably all now drop again Monday to make TAG red.......

I would say, when you see SEYP move, take notice, until then SCAP/WINS/CANA all just playing games

The bid has been 27p for so long now, but the chart going up and down is purely these jokers messing with the offer price........all they can do is move it up and down in the range locked by SEYP.

250K Protected buy at 30.5p has taken some of the overhang, but SEYP still on 27/33, so should be overhang still there.

Still say it, watch SEYP for any movement, today, no movement from them.

Might be worth watching on line buy/sell limits, SEYP now up to 28p bid, L2 4 v 1 @ 28/33

Limits changed

Buy 3.75k @ 33.76p
Sell 10k @ 31.36p

Looks like we've turned the corner.

I think its been leaked that the PDN deal will be debt funded, the shorters are now in a panic as they cannot get the shorts covered by new equity at low prices :)

Good, burn them :)

It has been a good day, papalpower ... I agree...the shorters are in a fix now... crucify them!

At last some good movement as I bought these at 58p and 62p. I've been in a sea of red for over 3 weeks now but I've kept the faith. At least my DVS has cheered me up Friday.

Technotamed........."sea of red".....mines an ocean of red !!!This share,along with SEO is murdering me,but like you,I will continue to keep the faith.

Technotamed......in fact,SEO/ACC/CHP and TAG all read miserably for me.My only saver is ZYT !!!

25K buy at 40p today...............what was that all about ?? :)

Rising 2 days in a row...........somethings up ;)

L2 is 4 v 2 @31/37

Wonder how the acquisition of Petroleos del Monte will affect the price ?

Wonder how the acquisition of Petroleos del Monte will affect the price ?

Long term will be positive :)

Good news today, lets have another 6 months of good news :)

On line limits 3K buy and 25K sell, so pretty strong at the moment in those terms.

A nice read :


http://www.investegate.co.uk/Article.aspx?id=200606260700561276F


Taghmen Energy PLC 26 June 2006

TAGHMEN ENERGY Plc
www.taghmenenergy.com

ANNUAL REVIEW AND FINANCIAL RESULTS

Taghmen Energy Plc ('Taghmen' or the 'Company'), an independent oil and gas
exploration, development and production company, focused on Latin America, is
pleased to announce its financial results for the eighteen months ended 31st
December, 2005 and to provide a review of its operations to date. This
represents the Company's first full reporting period.

Since commencing operations in late 2004, the Company has moved from holding one licence in Guatemala to having established operations in both Colombia and
Guatemala, holding interests in three Colombian producing fields providing 500
barrels of oil per day ('bopd'), five exploration licences in Colombia and two
licences in Guatemala. This portfolio of assets provides the Company with
current production, immediate revenue and significant potential from further
developments within the producing fields and a wide spread of exploration.

Key Achievements

Acquired and established a total reserve base amounting to proved,
probable and possible reserves of approximately 40 million barrels plus an
estimated further approximate 90 million barrels of potential from
exploration licences.

Colombia
Closed first stage of acquisition of Petroleos del Norte S.A, providing
both current production and revenue from two licences, three technical
evaluation licences and ownership of the Rio Zulia- Ayucucho Pipeline.
Acquired two exploration licences in the Middle Magdalena Valley in
Colombia.

Guatemala
Established operations in Guatemala.
Completed the work-over of two existing wells and drilled our first
exploration well.
Reconfirmed the presence of oil in the Las Casas structure within licence
6-93 in Guatemala.
Obtained licence A7-2005(Tortugas/Atzam) in Guatemala.

Financial
Completed a 15 million fund raising.

Financial Results
Recorded a loss of US $6.5 million for the 18 months to 31st December,
2005
Within the loss approximately US $2.7 million related to non cash items,
primarily related to items created at the time of formation and floatation
of the Company

Commenting Nicholas Gay, President and CEO, said:

'The Company has come along way since it was formed. Today we have some very
exciting oil and gas assets, a solid revenue stream from both production and a
commercial pipeline and an established operating platform in both Colombia and
Guatemala.'

Name Change

The Company proposes changing its name from Taghmen Energy Plc to PetroLatina
Energy Plc, to provide a clearer understanding of what it does and where its
focus is centred. This change is subject to approval by shareholders. To achieve this, an extraordinary general meeting has been called for 20th July, 2006.

Annual Report

The Annual Report will be sent to shareholders on 27th June, 2006. A copy will
also be available on the website from the evening of the same day.