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

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.

Well, I have been holding for 18 months now, and still down 50% on my average price, so an even longer disaster for me, however, the coming months SHOULD, hopefully, make all that pain a little more worthwhile.

We will see....... fingers crossed :)

Averaged down to 25p..........hope we are currently seeing the bottom.....certainly prospects look good enough!!!

Grateful for any feedback from the Proactive One2One Forum with PELE this evening from any attendees. Hope its fruitful.

Post from AFN summarising the presenation last night :



Cerrito - 26 Oct'06 - 12:24 - 529 of 531


The following is what I picked up last night with a clarifying call with the company this morning.
I see no reason to sell except to lock in my considerrable losses for cgt purposes and am still pondering whether to increase my holding.

I am assuming that the handoutt we were given last night corresponds to what is on the website which I have had difficulty opening.

Guatemala

Atzam ready to roll with the work over with a further short delay on Tortugas while they negotiate with the villagers and move the workcamp. You will note that Tortugas well work over scheduled to start in Dec in the charts.

Cash Position

Told that Capex will be lighter in the first quarter 07 than the present quarter so will not continue to loose US1m a month on average..Q4 cash loss of $3m also impacted by convertible loan repayment of $410k. Surprising to me that Guat capex is so high ie $2.3m in quarter.
They say that Serafin should be delivering gas by 4 07..payment terms not exactly defined yet but my interpretation of what they said is that if the $600kinvestnment has a 2.5month payback then by say the end of September at the latest they should have received a cash flow post expenses of same $600k.
They are anticipating having resolution on the PDN contract extension at turn of year which would trigger the $13m payment if successful; were told that they have an outline( my memory is that was the word used) agreement with Maquirre to fund that or part of that(amount not specified) on a long term basis. Note that $7m bridging loan has not been repaid
The cash position looks tight especially when it is not clear that they will be getting any revenue from Guat in say the first quarter 07.
Third quarter 06 cash flow was: start$4.6m; PDN income $2m; Fundraising $9.8m. The cash outflow was $3m op expenses; $3.5m capex; $0.5m PDN acquisition fees and $1.5m payment of creditors leaving us with starting cash 1 oct 06 of $7.8m
Big picture anticipated capex expenditure for 2007 is that for the first three quarters it will be relatively light and then picking up in the fourth quarter as Colombian drilling starts.

Other

Comment made that Serafina a biogeneric(?) gas field which therefore means it is small but normally if there is one there is another nearby.
Rig rates in Colombia starting to weaken abit and comfortable with rig availability when they start to drill at end of 2007.
shallowness of Guat drilling contrasted with that of Col drilling(Midas,La Paloma) up to 14000ft.