TIDMPELE

RNS Number : 2505Y

Petrolatina Energy PLC

28 February 2012

28 February 2012

PetroLatina Energy Plc

("PetroLatina" or the "Company")

Holdings in Company/PDMR Shareholdings

Purchases under the Third-Party Trading Facility

PetroLatina (AIM: PELE), the independent oil and gas exploration, development and production company focused on Latin America, announces that it was today notified that further to the establishment of the Third-Party Trading Facility operated by Optiva Securities Limited on behalf of Tribeca Oil & Gas Inc ("TOGI") and Rorick Ventures Group Inc ("Rorick"), as announced on 16 February 2012, TOGI has, on 27 February 2012, purchased a total of 52,831 ordinary shares of US$0.10 each in the Company ("Ordinary Shares") and Rorick has purchased on the same date a total of 25,857 Ordinary Shares, all at a price of 19.5 pence per Ordinary Share.

Following the abovementioned purchases: (i) the Tribeca Group is now collectively interested, in aggregate, in 77,755,089 Ordinary Shares representing approximately 63.93 per cent. of the Company's issued ordinary share capital, and (ii) the JCR Group is now collectively interested, in aggregate, in 13,677,001 Ordinary Shares, representing approximately 11.25 per cent. of the Company's issued ordinary share capital. Accordingly, the Tribeca Group and the JCR Group now collectively represent, in aggregate, approximately 75.18 per cent. of the Company's issued ordinary share capital. In addition, the Tribeca Group holds warrants over a further 32,308 Ordinary Shares and options over 850,000 Ordinary Shares, and the JCR Group holds options over a further 1,000,000 Ordinary Shares.

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Circular posted to shareholders on 16 February 2012, which is available to download from the Company's website at www.petrolatinaenergy.com.

Enquiries:

 
 
  PetroLatina Energy Plc 
  Juan Carlos Rodriguez, Chief Executive Officer       Tel: +57 1627 8435 
 Pawan Sharma, Executive Vice President - Corporate   Tel: +44 (0)20 7766 
  Affairs & CFO                                        0081 
 
  Strand Hanson Limited 
 Simon Raggett/Matthew Chandler                       Tel: +44 (0)20 7409 
                                                       3494 
 
  FTI Consulting 
 Ben Brewerton/Chris Welsh                            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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