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

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RNS Number:5630G
Taghmen Energy PLC
21 July 2006
TAGHMEN ENERGY PLC
("Taghmen" or the "Company")
Name Change

Taghmen Energy Plc, an independent oil and gas exploration, development and production company, focused on Latin America and which listed on AIM in January 2005, is pleased to announce that all necessary filings and approvals have been granted relating to the change in name of the Company. With effect from 24th July 2006, the Company will change its name to PetroLatina Energy Plc and will trade on AIM under that name using the ticker symbol "PELE"

21st July 2006

Sey.Pierce July 2006 Research Report : http://tinyurl.com/faasm

There we go, might be looking at overhang clear..........

L2 now 4 v 2 @30/36

Thanks PP, let's hope this PELE is as popular as it's namesake, I'm still hanging on to these even though showing a significant loss, prospects do look good, as they did (do) at VOG & CHP (holder) & look what's happened there. With plenty of possible good news to come over the next 6 - 12 months let's hope PELE starts scoring some decent goals.
2517

Definitely looks like the overhang is clear then :)

Still going strong.

L2 now 2 v 1 @35/40

PP, at last a bit of blue, still a way to go until the core net asset value of 47.3p is reached though, and then news flow required to drive it back up further. Thanks for the link to the Sey. Pierce Report. Still with you on this one :-)

Hopefully now the overhang is clear, and with plenty of news due in the 2nd half with the 1XA sidetrack and also the workovers at Atzam and Tortugas, PELE can be trading with a slight premium to net core assets....... :) Pending !XA news I would say the 50p to 55p range is where it should be, and thats a lot of upside still, which hopefully in the months ahead we can fill.

What is heartening now is that while the other pure explorations oils are calming down and their prices falling from previous high's, PELE now with production and expansion of production is rising up from lows. A shift in trend away from pure future expectation with no present revenues and back to genuine production and sales revenue I think. This is one reason I also like AST, as AST has less production, but has some, but has bigger amounts of exploration potential than PELE. Stocks like AST and PELE are ones to hold if you like a mix of production and exploration I think, and that is the safer place to be at the moment.

PP, I already have a smaller holding in AST and agree your analysis. I see you also have an interest in RIFT - good news today, I've been watching and waiting, perhaps a good buying opportunity once the dust settles from today's news whilst analysis takes place.

PetroLatina Energy plc AIM: PELE
Sector: Energy Industry: Oil and Gas Exploration

Interview With:
Nicholas Gay
President & Chief Executive Officer
Dated July 24, 2006

Listen via Windows Media Player, link below :
http://www.wallstreetreporter.com/interview.php?id=19282&player=wma

Listen via Real Player, link below :
http://www.wallstreetreporter.com/interview.php?id=19282&player=real

Plenty of confirmation in the interview for those listening to it. Good performance as well today by the SP, held up well.

Broker Forecasts :

Seymour Pierce 11th July 06 BUY

2006 PTP 1.42m
2006 EPS 1.14p

2007 PTP 8.25m
2007 EPS 6.63p

An interesting article, and certainly the case of May/June and July I think, however normally when they talk about it means that the cycle is ending and they are then on the buying alert, would still say for small caps and AIM that later in August should see a very nice run into year end for the AIM and small cap indices, as the main listings will be more fully valued, so the gains will be made on small caps again for a good few months......fund managers will know that, and should be the buyers later in August and September.


http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=83788


Evershed: small caps caught in 'vicious circle' of decline

Published: 07:00 Tuesday 25 July 2006 By: Victoria Kelly, News Correspondent

Small cap managers are being forced to sell stocks at knock down prices to finance large redemptions from their funds in what appears to be a vicious circle of decline, New Stars Patrick Evershed has warned.
The New Star Select Opportunities (New Star Select Opportunities) fund manager said market jitters following the May/June sell-off combined with a large number of new issues had depressed prices and prompted a knee-jerk reaction from investors.
Evershed said he had been rung up several times recently by brokers looking to sell quality shares cheaply because a fund manager was a forced seller. Some managers were prepared to shoulder a 5% or 10% loss in order to create liquidity, he said.
Some unit trusts are seeing big redemptions so they are having to sell some of their smaller companies stocks and this is depressing the market even more, he added.
Evershed is maintaining his cash weighting at 10% to cater for potential outflows and also to pick up some of the excellent opportunities being created.
Small cap funds have been hit hard since 8 May. The FTSE Small Cap index is down 9.5% over 71 days to 18 July while the AIM index has slumped 18.9%.
Eversheds fund is also suffering it has fallen 12.4% although his longer-term record is strong.
The problem is I cant cross my heart and say that from these very attractive levels they will go up, he said. They could fall further.

Petrolatina Energy PLC 03 August 2006

http://www.petrolatinaenergy.com


DIRECTORS SHAREHOLDING


PetroLatina Energy Plc ('PetroLatina' or the 'Company') an independent oil and gas exploration, development and production company, focused on Latin America,
advises that 250,000 ordinary shares have been issued and allotted following the exercise of the equivalent number of $0.10 warrants in the Company by existing shareholder, Taghmen Ventures Limited ('Taghmen Ventures'). Application has been made for the new ordinary shares to be admitted to trading on the Alternative Investment Market ('AIM') of London Stock Exchange plc. Admission of the new ordinary shares is expected to become effective on Thursday 10 August.

Taghmen Ventures is a company in which Gregory Charles Smith, Chairman of PetroLatina Energy Plc, holds a beneficial interest. At the time the above shares are admitted to the market, Gregory Charles Smith and companies in which he has a beneficial interest will hold 17.70% of the issued ordinary share capital of the Company.

For those interested, as I have posted on AFN before, I would expect the next operations update in September.

PP, SP weakness today, MMs?