TIDMPELE

RNS Number : 3132Y

Petrolatina Energy PLC

20 December 2010

20 December 2010

PetroLatina Energy Plc

("PetroLatina" or the "Company")

Director's Dealing

PetroLatina (AIM: PELE), the independent oil and gas exploration, development and production company focused on Latin America, was today notified that Juan Carlos Rodriguez, a director of the Company, purchased a total of 45,000 ordinary shares of US$0.10 each in the Company ("Ordinary Shares") on the following dates and at the following prices:

 
                     Number of Ordinary   Price paid per Ordinary 
 Date of Purchase     Shares Purchased     Share (pence) 
------------------  -------------------  ------------------------ 
 15 December 2010    25,000               41 
------------------  -------------------  ------------------------ 
 16 December 2010    20,000               41.22 
------------------  -------------------  ------------------------

Following the above purchases, Mr Rodriguez is interested in 12,661,629 Ordinary Shares representing approximately 14.24 per cent. of the Company's issued share capital. This holding includes 2,535,872 Ordinary Shares held by Lyan Financial Corporation and, 10,080,757 Ordinary Shares held by Rorick Ventures Group Inc, companies in which members of Mr Rodriguez's family have beneficial interests.

Mr Rodriguez also holds options over a further 1,000,000 Ordinary Shares and has a beneficial interest in Athos Enterprises Limited which holds warrants over a further 160,000 Ordinary Shares. The options vest over a three year period from 16 October 2009, and are immediately exercisable, in whole or in part, up to the fifth anniversary of the date of grant, at an exercise price of 44.5 pence per Ordinary Share.

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 
 Rob Collins/Chris Sim                                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

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