TIDMPELE

Petrolatina Energy PLC

19 May 2011

Thursday 19 May 2011

PetroLatina Energy Plc

("PetroLatina" or the "Company")

Appointment of Chief Operating Officer

Over 20 years industry experience including 14 at BP and experience in Colombia

PetroLatina (AIM: PELE), the independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce the appointment of Mr. Luis Guillermo Acosta as Chief Operating Officer of the Company.

Luis Guillermo, aged 44,is a petroleum engineer with over 22 years experience in the oil and gas industry in Colombia and overseas, including 14 years with BP plc in the UK, Colombia and most recently, Houston. Luis Guillermo's expertise will be invaluable in the ongoing development of the Company'soil and gas assets in Colombia. Based in Bogota, Luis Guillermo will be responsible for the day-to-day management the Company'sassets and will report directly to Juan Carlos Rodriguez, CEO, and the Board of Directors.

Luis Guillermo's oil & gas industry career began when he joined Occidental Petroleum in Bogota as a Petroleum Engineering Apprentice in 1989. He then worked for Schlumberger Canada for over 2 years before joining BP plc as a Completions Engineer in Bogota in 1996. Over subsequent years, he assumed increasingly senior production engineering and completion engineering roles within various BP operating divisions in the UK, Colombia and most recently Houston, where he was responsible for leading a high impact subsea project that involved operational expenditure of US$1 billion and capital expenditure of some US$300 million.

A Colombian citizen, Luis Guillermo holds a Bachelor of Science degree in Petroleum Engineering from the Universidad de America in Bogota, and a Master of Science degree in Petroleum Engineering,from the University of Alberta, Canada. He is a Professional Member (P.Eng.), of APEGGA, Alberta, Canada,and a Professional Engineer, ACIPET, Asociacion Colombiana de Ingenieros de Petroleos, Bogota, Colombia.

Commenting on the appointment, Luc Gerard, Executive Chairmanof PetroLatina, said:

"Weare delighted to welcome Luis Guillermo to the team. He brings proven technical expertise and international project development experience, particularly in bringing complex projects into production. His experience and operational expertise will be invaluable at a time when we wish to accelerate our ongoing exploration and development programme and fully develop our existing assets. Luis Guillermo will greatly complement the existing skills of PetroLatina's operational team and ensure that the Company has the required capabilities to support the longer term objective of value added production."

Enquiries:

 
 PetroLatina Energy Plc                               Tel: +57 1627 8435 
  Juan Carlos Rodriguez, Chief Executive Officer 
 Pawan Sharma, Executive Vice President - Corporate   Tel: +44 (0)20 7766 
  Affairs                                              0081 
 
 Strand Hanson Limited 
 Simon Raggett/Matthew Chandler                       Tel: +44 (0)20 7409 
                                                       3494 
 
 Evolution Securities Limited 
 Chris Sim/Adam James                                 Tel: +44 (0)20 7071 
                                                       4304 
 
 Financial Dynamics 
 Ben Brewerton/Susan Quigley                          Tel: +44 (0)20 7831 
                                                       3113

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAGIGDUGSBBGBC

Petrolatina Energy (LSE:PELE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Petrolatina Energy Charts.
Petrolatina Energy (LSE:PELE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Petrolatina Energy Charts.