PetroLatinaEnergy - What a wonderful Oil-Company ! - 500 Beiträge pro Seite (Seite 2)

[JosedelaVega]

dicke Aufträge in London

die 0,30 Pfund sind erst einmal Geschichte

LONG and STRONG
José

[Dripple8]

und mit über 2 Mio. Stücken heute mal wieder zielstrebig auf die 28 Pence runter

[JosedelaVega]

Antwort auf Beitrag Nr.: 27.843.540 von Dripple8 am 20.02.07 11:09:42

vorsicht gestern mal auf die Umsätze und vor allem WO diese waren einen Blick werfen ;-)

2,X Mil. bei 0,295 zu 0,32 gestellt ...
und dann mit 80k Stücken und weniger auf 0,265 gesetzt

José

[JosedelaVega]

anbei eines aktuelles Research
http://www.proactiveinvestors.co.uk/registered/research/equi…" target="_blank" rel="nofollow ugc noopener">
http://www.proactiveinvestors.co.uk/registered/research/equi…

José

[Warren7]

06.03.07

RESULTS OF TECHNICAL DATA ANALYSIS OF SERAFIN GAS WELL

Petrolatina Energy Plc (“PetroLatina” or the “Company”) an independent oil and gas exploration, development and production company, focused on Latin America, is pleased to provide the following technical data on Serafin well #1 that confirms expectations.

Flow Test data

As noted in our press release dated 15th February 2007:

On February 13, 2007 the fourth point of the test (on a 48 hour extended flow rate) was completed through a 40/64” choke with a stable flow rate of 14 million cubic feet per day of gas, a flowing tubing head pressure of 1530 psi and a shut in casing pressure of 1716 psi.

Results of detailed bottom hole pressure data and surface gas analysis

Gas samples were taken in the last 10 hours of the initial flow test and analysed using gas chromatography by Core Laboratories and showed the gas gravity to be 0,566 relative to air with the following composition;

Methane 97.14%
Nitrogen 2.67%
Carbon Dioxide 0.06%
Ethane 0.12%
Propane 0.01%

Download Full Press

[Dripple8]

Results from data analysis confirm the Company´s initial evaluation of the gas reservoir and as a result engineering work has been comissioned for surfacxe facilities and pipeline design and installation.

Gas sales are expected int the second quarter of 2007

Calculated Reservoir Volume: 5.3 Billion standard cubic feet of gas in place

na, das ist doch mal was

[Dripple8]

Cashflow aus der Pipeline, Cashflow aus Serafin, so langsam wird unsere gute, alte PELE auch mal richtig profitabel

[onkelen]

PetroLatina Energie verkündet Resultate der technischen Datenanalyse des Serafin Gases gut, Kolumbien
Dienstag, März 06, 2007

Neueste Oilvoice Schlagzeilen
Bemühung Reports 470 Prozent Zunahme- der Reserven und 2006 vierten Viertels und der Jahr-Endefinanziellen Resultate
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TNK-BP ersetzt 129% der Produktion mit neuen Reserven
PetroLatina Energie verkündet Resultate der technischen Datenanalyse des Serafin Gases gut, Kolumbien
Imperiale Energie verkündet bedeutende Zunahme der Reserven in der Tomsk Region, Westsibirien
BG Gruppe, Zum Der Vorgewählten Kanadischen Werte Zu verkaufen
Petrolatina Energieplc (PetroLatina. Oder das Company.) eine unabhängige Öl- und Gaserforschung, Entwicklung und Produktion Firma, konzentrierte auf lateinisches Amerika, zur Verfügung stellt die folgenden technischen Daten auf Serafin wohles #1, das Erwartungen bestätigt.

Fluss-Testdaten

An Februar 13, wurden 2007 der vierte Punkt des Tests (auf einer 48 Stunde ausgedehnten Strömungsgeschwindigkeit) durch eine Drosselklappe 40/64. mit einer beständigen Strömungsgeschwindigkeit von 14 Million Kubikfuß pro Tag des Gases durchgeführt, einen flüssigen Schlauchhauptdruck von 1530 P/in und geschlossen in Gehäusedruck von 1716 P/in.

Resultate der ausführlichen untere Bohrung Druckdaten- und -oberflächengasanalyse

Gasproben wurden in den letzten 10 Stunden des Ausgangsflußtests genommen und analysiert mit Gaschromatographie von Core Laboratories und gezeigt die Gasschwerkraft, Luft 0.566 mit dem folgenden Aufbau zu sein relative.to;

Methan: 97.14?/>Nitrogen: Dioxid 2.67?/>Carbon: 0.06?/>Ethane: 0.12?/>Propane: 0.01?/>
Die Ausgangsvorratsbehälterdaten, die in den Berechnungen verwendet wurden, waren:

Vorratsbehälterstärke: 16 Fuß
Porosität: 27.3?/>Bottom Bohrung Temperatur: 126.6oF

Analyse des Druckrecorders führte durch Beratervorratsbehälter-Ingenieur Greif durch, den Erdöl Ltd. beraten die folgenden Daten bestätigte:

Permeabilität: mD 1440
Haut: 17.2
Non-Darcy Hautfaktor: 0.75 skins/MMscfd
Vorratsbehälter-Druck: 1966 P/in (an der Lehre Tiefe)
Entwässerungradius: 1640 Fuß
Errechnetes Vorratsbehälter-Volumen: 5.3 Milliarde Standardkubikfuß Gas im Platz

Resultate von der Datenanalyse bestätigen die Company.s Ausgangsauswertung des Gasvorratsbehälter und infolgedessen ist Technikarbeit zu einem Oberflächen-Service und Rohrleitungdesign und -installation beauftragen worden.

Petrolatina ist z.Z. in der Vermittlung mit einigen möglichen Gaskunden und kommerzielle Gasverkäufe werden im zweiten Viertel von 2007 erwartet.

Greg Smith, Vorsitzender und CEO kommentierte:
We Werden erfreut, um in der Lage zuSEIN, diese positiven technischen Resultate zur Verfügung zu stellen, die unsere frühere Ansage in bezug auf die Prüfung des Serafin Gasbrunnens bestätigen. Die zusätzlichen Bargeldumläufe, die von diesem Projekt erzeugt werden, stützen das Company.s funktionsfähige Wachstum und Entwicklung während der PetroLatina.s Werte in lateinischem Amerika.

Relevantes Company(s) und Nachrichten
PetroLatina Energie (Firma-Profil)

[MFC500]

12.03.07

PetroLatina Energy Plc ("PetroLatina" or the "Company") an independent oil and gas exploration, development and production company, focused on Latin America, is pleased to announce the appointment of Rudolph Berends as Chief Executive Officer with immediate effect.

Rudolph was previously CEO for Mercantile International Petroleum, Inc, an oil & gas company with assets in Colombia and Peru. Whilst at Mercantile he transformed the business from debts of US$65m to having strong cash flows and operating profits. Rudolph successfully sold Mercantile in a private sale in early 2006.

Between 1997 and 2001, Rudolph was the President of Preussag Energie Americas, the German oil and gas exploration & production company, where he was responsible for the company's upstream oil & gas activities in Latin America, US and Canada. The company was sold to OMV, Central Europe's largest oil and gas group, in late 2001.

Having started his career as an explorationist with Shell in the early 1970's, Rudolph has built up over 34 years of experience in the oil & gas industry, 15 of which have been spent in South America.

Rudolph, a Dutch national, holds a Doctoral Degree in Geophysics and Bachelor Degrees in Geology and Finance.

Greg Smith, Executive Chairman of, PetroLatina Energy Plc, commented:
"We are delighted that Rudolph has agreed to join PetroLatina as CEO. He not only has a significant amount of relevant experience in oil & gas exploration, development and production in Latin America, he also has a solid track record of successfully developing and growing oil & gas businesses. PetroLatina has a
combination of strong revenue streams from oil & gas production and the RZA pipeline as well as some exciting exploration and development prospects. With the addition of Rudolph and the experience he brings to the Company we look forward to the future with confidence. "

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[onkelen]

(AFX BRITISCHER Fokus) 2007-03-12 08:47 GMT:
Petrolatina Energie nennt Rudolph Berends seinen CEO mit sofortigem Effekt UPDATE



LONDON (AFX) - Öl- und Gaserforschung Petrolatina Energie PLC sagte, daß es Rudolph Berends als sein Hauptgeschäftsführer mit sofortigem Effekt ernannt hat.

Berends folgt Nicholas Homosexuellem, das unten vom Brett trat, um andere Gelegenheiten an Jan. 31 auszuüben.

Berends war vorher der Hauptgeschäftsführer für kaufmännisches internationales Erdöl Inc., ein Öl u. Gasfirma mit Werten in Kolumbien und in Peru, die Firma, die in einer Aussage gesagt wurde.

An März 12, sagte Petrolatina, daß technische Daten für seinen 50 pct besessenen Serafin Brunnen kein Projekt mit 1 Gasen in Kolumbien frühere Erwartungen für den Aufstellungsort bestätigt haben.

[e-mail] kkb/tsk/rar

COPYRIGHT

Nachrichten Des Copyright-AFX Begrenzten 2007. Alle Rechte vorbehalten. Die Kopie, die Neuauflage oder die Wiederverteilung des AFX Nachrichten Inhalts, einschließend durch das Gestalten oder die ähnlichen Mittel, wird ausdrücklich ohne die prior schriftliche Zustimmung der AFX Nachrichten verboten.

AFX Nachrichten und AFX Börsennachrichten-Firmenzeichen sind eingetragene Warenzeichen der begrenzten AFX Nachrichten
Managementänderungen, Profile

[onkelen]

Antwort auf Beitrag Nr.: 28.250.138 von MFC500 am 12.03.07 10:09:35

Petrolatina Energie Plc


März 12 2007




2007-03-12 07:05:04

Petrolatina Energie - Verabredung von CEO

RNS Number:7267S

Petrolatina Energie Plc

März 12 2007







PETROLATINA ENERGIE Plc

www.petrolatinaenergy.com



VERABREDUNG DES GENERALDIREKTORS







PetroLatina Energieplc ("PetroLatina" oder die "Firma")
ein unabhängiges Öl und

gasen Sie die Erforschung-, Entwicklungs- und
Produktionsfirma, gerichtet auf lateinisches Amerika,

freut sich, die Verabredung von Rudolph Berends als
Hauptgeschäftsführer zu verkünden

Offizier mit sofortigem Effekt.



Rudolph war vorher CEO für kaufmännisches internationales
Erdöl, Inc., ein Öl u.

gasen Sie Firma mit Werten in Kolumbien und in Peru.
Während an kaufmännischem er

wandelte das Geschäft von den Schulden von USS65m zum
Haben der starken Bargeldumläufe um und

betriebliche Gewinne. Rudolph verkaufte
erfolgreich kaufmännisches in einem privaten Verkauf innen

2006 früh.



Zwischen 1997 und 2001 war Rudolph der Präsident von Preussag
Energie Amerika,

das deutsche Öl und der GasFirma erforschung u.
-produktion, wo er war

verantwortlich für die aufwärts gerichteten Öl- u.
Gastätigkeiten der Firma in lateinischem Amerika, US

und Kanada. Die Firma wurde an OMV, zentrales
Europas größtes Öl und Gas verkauft

Gruppe, spätem 2001.



, seine Karriere als Explorationist mit Oberteil beginnend in
den frühen siebziger Jahren,

Rudolph hat über 34 Jahren Erfahrung in der Öl- u.
Gasindustrie, 15 aufgebaut

von, welchen in Südamerika aufgewendet worden sind.



Rudolph, ein holländischer Staatsangehöriger, Einflüsse ein
Doktorgrad in der Geophysik und Junggeselle

Grad in der Geologie und in der Finanzierung.



Greg Smith, Executivvorsitzender von, PetroLatina Energieplc,
kommentiert:



"wir werden erfreut, daß Rudolph damit einverstanden
ge$$$WESEN ist, PetroLatina als CEO zu verbinden. Er nicht

hat nur eine bedeutende Menge relevante Erfahrung in
der Öl- u. Gaserforschung,

Entwicklung und Produktion in lateinischem Amerika, hat
er auch eine feste Schiene Aufzeichnung von

erfolgreich sich entwickelnde und wachsende Öl- u.
Gasgeschäfte. PetroLatina hat a

Kombination des starken Einkommens strömt von der Öl-
u. Gasproduktion und vom RZA

Rohrleitung sowie etwas aufregende Erforschung und
Entwicklung prospektiert. Mit

die Hinzufügung von Rudolph und von Erfahrung, die er
der Firma holt, wir schauen

schicken Sie zur Zukunft im Vertrauen "nach





März 12 2007



Für weitere Informationen treten Sie bitte in
Verbindung:





PetroLatina Energie Greg Smith [e-mail]
[phone]

www.petrolatinaenergy.com

Pelham Öffentlichkeitsarbeiten Charles Vivian
[e-mail] [phone]



Phillip Dennis [e-mail]
[phone]







Innerhalb der letzten 5 Jahre ist Rudolph ein Direktor
von kaufmännischem internationalem gewesen

Erdöl Inc.. Er hält keine Stammaktien an der
Firma.



Es gibt keine anderen Informationen, denen angefordert wird,
freigegeben zu werden gemäß

Zeitplan zwei teilen (g) der ZIEL Richtlinien in
Paragraphen ein.









Diese Informationen werden von RNS zur Verfügung gestellt

Der Firmainformationsdienst von der London Börse

ENDE

[MFC500]

13.03.07

The Company was informed on 12 March 2007 that Credit Suisse Securities (Europe) Limited is interested in 5,283,400 ordinary shares in the capital of the Company, representing 4.63 per cent of the entire issued ordinary share capital of the Company. Credit Suisse Securities (Europe) Limited holds these shares as legal owner for the benefit of Millennium Global Natural Resources Fund Limited.

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[JosedelaVega]

na das ist ja auch ein interessanter Aktionär

José

[Schtingi]

Das sind ja super NEWS

The Company was informed on 20 March 2007 that RAB Special situations (MASTER)Fund LTD is interested in 22,989,602 ordinary shares in the capital of the Company, representing 20.17 per cent of the entire issued ordinary share capital of the Company.

Schtingi

[MFC500]

Antwort auf Beitrag Nr.: 28.409.251 von Schtingi am 21.03.07 14:46:36

hast du dafür bitte auch einen Link?

[Schtingi]

Here we go:

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNew…

Schtingi

[JosedelaVega]

Antwort auf Beitrag Nr.: 28.410.863 von Schtingi am 21.03.07 15:44:12

na langsam dürften bald alle shares in "großen" Händen sein

RNS Number:4213T
Petrolatina Energy PLC
21 March 2007

PetroLatina Energy Plc
("PetroLatina" or the "Company")

Holding(s) in Company

The Company was informed on 20 March 2007 that RAB Special Situations (Master) Fund Ltd is interested in 22,989,602 ordinary shares in the capital of the Company, representing 20.17 per cent of the entire issued ordinary share capital of the Company. Credit Suisse Client Nominees Limited is the registered holder
of these shares.

The Company was also informed on 20 March 2007 that Allianz SE is interested in
5,615,385 ordinary shares in the capital of the Company, representing 4.93 per
cent of the entire issued ordinary share capital of the Company. Dresdner Bank
AG is the registered holder of these shares.

For further information, please contact:

PetroLatina Energy
Ian Refault [e-mail] [phone]
Chief Financial Officer
www.petrolatinaenergy.com


José

[MFC500]

22 March 2007

PetroLatina Energy Plc (AIM: PELE), an independent oil and gas exploration, development and production company focused on Latin America and currently producing 450 barrels of oil per day, announces the following board update.

Nicholas Gay has resigned as a Non-Executive Director effective 16th March 2007. Nicholas stepped down as CEO on 1st February 2007 to pursue other opportunities but agreed to remain as a non-executive director to ensure the smooth handover of the position to his successor, Rudolph Berends. Rudolph, previously CEO for
Mercantile International Petroleum Inc, joined the Company on 12th March 2007 as CEO, relieving Nicholas of his non-executive duties.

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[Schtingi]

Schon wieder ....... kann mir das mal jemand erklären !!!

The Company was informed on 20 March 2007 that Artemis Investment Management
Limited is interested in 9,000,000 ordinary shares in the capital of the
Company, representing 7.89 per cent of the entire issued ordinary share capital
of the Company.

For further information, please contact:

PetroLatina Energy
Ian Refault, [e-mail] [phone]
Chief Financial Officer
www.petrolatinaenergy.com

Pelham Public Relations
James Henderson [e-mail] [phone]
Charles Vivian [e-mail] [phone]

[BaronOppenSAL]

Antwort auf Beitrag Nr.: 28.448.513 von Schtingi am 23.03.07 11:23:17

ich kann es auch nicht erklären,verstehe auch nicht,weiso der kurs nicht steigt bei diesen grossen paketen,die da aufgenommen werden!!!!

[senna7]

Der Wert ist in Deutschland ja quasi nicht vorhanden ... wenn man drauf schaut -keine Umsätze


dann sind da noch Spreads

von ca 10- 20 %

ist dann schon der Hammer für potenielle Käufer ...

ich hoffe die Aktie wird mal etwas bekannter. Hat den niemand nen Draht zu ner Börsenzeitung

Wann glaubt Ihr ???
erwacht die Aktie aus Ihren Dornröschenschlaf ???

Wochen , Monate , Jahre ???

sollte man investieren oder dauert das einfach zu lange ???

Schönen Gruss
Senna7

[1Peters1]

Antwort auf Beitrag Nr.: 28.861.841 von senna7 am 17.04.07 17:33:33

Hi senna7,
charttechnisch kein Kaufsignal !
Gruss
1Peters1

[senna7]

Antwort auf Beitrag Nr.: 28.885.959 von 1Peters1 am 18.04.07 20:00:26

und wie schaut es fundamental aus ???

nach meinen Infos sollte das doch Käufe rechtfertigen ???

weisst du mehr als ich ???

[Schtingi]

Schon wieder ..... eigentlich sollte diese Aktie ja viel höher sein, wenn alle sich so beteiligen wollen ?!?!?!?!?!?!

Schtingi


Petrolatina Energy PLC
19 April 2007


PetroLatina Energy plc
("PetroLatina" or "the Company")

Directors Shareholding

In accordance with Chapter 5 of the Financial Services Authority's Disclosure
and Transparency Rules, the Company was informed on 19 April 2007 that Gregory
Smith, a Director of the Company, is interested in 2,000,001 ordinary shares,
and Taghmen Ventures Limited (a company in which Gregory Smith has a beneficial
interest) and connected parties are interested in 12,850,000 ordinary shares,
collectively 14,850,001 ordinary shares in the capital of the Company,
representing approximately 13.46 per cent of the Company's issued voting share
capital.

For further information

Seymour Pierce 020 7107 8000
Jonathan Wright
Liam O'Donoghue

[JosedelaVega]

Antwort auf Beitrag Nr.: 28.861.841 von senna7 am 17.04.07 17:33:33

@ senna7

die company hat fundamental nach meiner Analyse erhebliches Potential ... doch dafür wird es wichtig werden, wie die nächsten Bohrungen verlaufen und die Finanzstruktur in nächster Zukunft gestaltet werden kann / mitte bis ende diesen Jahres sollte man hier deutlich klarer sehen ....

derzeit ist alles was mit Oil and Gas-Explorern zu tun hat out ... also schöne Zeit immer wieder die ein oder andere Aktie günstig zu sammeln

time will tell us
José

[senna7]

Antwort auf Beitrag Nr.: 28.900.597 von JosedelaVega am 19.04.07 15:33:51

Danke Jose`

OK,

wenn fundamental momentan alles ok ist -kann man sich ja ein paar Stücke zulegen.
Wie schlimm kann es werden wenn eintritt wie du schreibst :

"doch dafür wird es wichtig werden, wie die nächsten Bohrungen verlaufen "

NICHT so gut verlaufen ???
( ist Totalverlust ,also Pleite drin oder müsste man dann eben länger warten .... die Aktie dümpelt nun ja schon ne lange Zeit rum)

und wenn du gestattest ... bist du schon investiert ???
( nur wenn du es hier kundtun möchtest ... )

[JosedelaVega]

Antwort auf Beitrag Nr.: 28.901.328 von senna7 am 19.04.07 16:02:19

ich hatte bei PELE zu deutlich höheren Kursen invest.
damals mit fund.Erwartungen welche so gut wie 100% nicht eingetroffen sind / teils würde ich sagen "unverschuldet" da die Bohrungen einfach nicht die Ergebnisse brachten wie erwartet (jedenfalls nicht in dem Timeframe), teils durch schwere Fehler seitens des Managements ...

die Konsequenzen wurden in der Company gez. und auch ich hatte diese dann wenn auch sehr schmerzlich gezogen ... (so lange ich hoffentlich daraus etwas daraus gelernt habe ... )

genaue Kaufempf. kann ich nicht geben, da je nach Portfolio und Risikoneigung etc. ... doch PELE zu Kursen von z.B. 0,25 - 0,29 Euro finde ich interessant (welche wir ja bereits hatten ) bei 0,20 Pfund etwa gibt es einen guten Support und Käufer im Markt

das Risiko eines Totalverlustes besteht natürlich immer bei einer derartigen early stage company

Gruß
José

[JosedelaVega]

Antwort auf Beitrag Nr.: 28.901.328 von senna7 am 19.04.07 16:02:19

"... wenn fundamental momentan alles ok ist -kann man sich ja ein paar Stücke zulegen"

im Busch von Kol. war ich bisher aber nicht

PELE ist HighRisk mit guten Chancen (wie im Thread geschrieben durch Pipe und getätigte Übern.)

José

[JosedelaVega]

article published on proactiveinvestors:

".......With producing assets in Colombia and a pipeline which is underutilized, it isn’t hard to see where the upside will come from for Petrolatina. The company has a material land position in the Middle Magdalena Valley with plenty of drill ready targets to exploit. At the same time, ownership of a pipeline in a oil region experiencing strong investment is a pretty good position to be in. The pipeline could be used either for a bargaining chip to gain interests in other fields, or more simply to generate cash flow by focusing on maximising its utilisation. Either way, the pipeline, combined with a producing assets and a good land position in an established oil producing region is a good one to be in. The aggressive drilling schedule, recent positive results from Colombia and transformation of the company to a producer appears to have the company back on track....more"


hier mal ein "GROßER" Optimist zu PELE


If you take the 2006 workplan above and put some figures into it, not pie in the sky ones, just normal ones given the low risk involved, and the price currently is showing nothing, not even 3X pending flow news. I have put some figures of where I think flow rates will be for the 2006 workplan as below

For Las Casas license
Into production Las Casas 3X (1000 to 1500 bopd)
Sidetrack of Las Casas 1X (1000 to 1500 bopd)
Drill of Las Casas 4X (1000 to 1500 bopd)
Drill of Huapec 2X (1000 to 1500 bopd)

For A7-2005 license
Workover of Atzam 2 (0 to 500 bopd)
Workover of Tortugas 4 (0 to 500 bopd)
Workover of Tortugas 5 (0 to 500 bopd)
New well 05-1 (1000 to 1500 bopd)
New well 05-2 (1000 to 1500 bopd)
New well 05-3 (1000 t0 1500 bopd)
New well 05-4 (1000 to 1500 bopd)

... so my expectation is around 8,000 bopd output by mid 2007


ich denke bereits ein richtig gut laufendes gebohrtes well würde der company ordentlich "Boden unter den Füßen" geben

d.h. dies ist wichtig jetzt unter Beweis zu stellen

José

[haseb]

Danke Josè,
für die ausführliche Darstellung Deiner Meinung.
Ich habe schon lange keinen neuen Tip mehr von Dir gelesen.
Hast du dich zurückgezogen?

Liebe Grüße aus Berlin
der Hasebuckel

[senna7]

Vielen Dank Jose !!!

für Deinen freundlichen und ausführlichen Erläuterungen !!!!

Man stösst ja nicht immer auf solche Zeitgenossen !!!

Ich habe mich nun positiv

FÜR diese Aktie entschlossen ....

Mal sehn ob ich damit glücklich werde ... Zeit nehm ich mir auf alle Fälle dafür ...

Danke nochmals recht herzlich ,du hast mir damit meine Entscheidung etwas leichter gemacht ...

Schönen Gruss

Senna 7
( hab natürlich keine Metis Stücke dafür geopfert )

[senna7]

Also der Direktor hat sich auch eingedeckt ...

Directors Shareholding

In accordance with Chapter 5 of the Financial Services Authority's Disclosure and Transparency Rules, the Company was informed on 19 April 2007 that Gregory Smith, a Director of the Company, is interested in 2,000,001 ordinary shares, and Taghmen Ventures Limited (a company in which Gregory Smith has a beneficial interest) and connected parties are interested in 12,850,000 ordinary shares, collectively 14,850,001 ordinary shares in the capital of the Company, representing approximately 13.46 per cent of the Company's issued voting share capital.

[MFC500]

John (Jay) Scott has resigned as a Director of the Company effective 2nd May 2007. Jay has also stepped down from his position as Chief Operating Officer.

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[_Frank]

Nachdem José die geschätzte (IMHO völlig unrealistische) Produktionsmenge eines großen Optimisten bis Sommer 2007 gepostet hat, habe ich mal die Firmenpräsentation vom 22. Februar angeschaut.
Zusammenfassung:
a) Guatemala:
Las Casas 1x: 80 bopd
Die restlichen Las Casas und Huapec Wells dürften kaum besser sein.
Tortugas (+ Atzam):
13 Löcher gebohrt, davon 8 Treffer. Flow Rates sind noch nicht bekannt.
b) Kolumbien:
Derzeit 500 bopd, 1500 bopd Produktion sind in 2007 geplant
Die größeren Vorkommen Midas und Las Palomas haben noch ein 6 bzw. 4 jahres-Entwicklungsprogramm vor sich.
Der Hoffnungsträger: Serfain.
Produktionsbeginn Juni/Juil 2007.
14000mcf/Loch Flow Rate. Bei einem Loch: 14000*365*2,5$ = 12,8 Mio $ Jahresumsatz.
Bei 5 produziernden Löchern: 64 Mio Jahresumsatz.
Die entscheidende Frage ist die Gewinnspanne. Ich würde mal mehr als 10% aber höchstens 30% vermuten.
Mit den 1500 bopd, die Ende das Jahres hoffentlich gefördert werden und 30$/barrel sind wir bei weiteren 16 Mio $ Jahresumsatz,
+ 1,6 Mio Pipelineeertrag also insgesamt 81,6 Mio $ Umsatz.

Wenn das bis Ende des Jahres erreicht wird, sollten wir in 2008 keine Kurse unter 0,40 Euro mehr sehen.
Hoffung für die weitere Entwicklung machen die insgesamt 160 Mio Barrel mögliche Reserven.

Time will tell

[JosedelaVega]

Petrolatina Energy Operations Update

RNS Number:9009W
Petrolatina Energy PLC
21 May 2007


PetroLatina Energy Plc
("PetroLatina" or the "Company")

Operations Update

PetroLatina Energy Plc ("PetroLatina" or the "Company") an independent oil and
gas exploration, development and production company, focused on Latin America,
is pleased to provide the following operations update.

Colombian Exploration Blocks

The Company has successfully re-negotiated a reduction in the carried interests
of the local partners in La Paloma and Midas exploration blocks from 30% to 15%.
PetroLatina now holds a working interest of 80% in both licence blocks.

PetroLatina has committed to the 2nd exploration phase at La Paloma, which calls
for either the re-entry of an existing well or the drilling of a new exploration
well within the next 12 months. The newly acquired seismic data in the La Paloma
block shows a well defined four way dip closure at base Tertiary / Cretaceous
level. Macquarie Bank has a mandate to provide finance for the second phase.

The Company has also committed to the 2nd and 3rd phases at Midas, which calls
for 20 kilometres of new 2D seismic and the drilling of two exploration wells
within the next 24 months. The newly acquired seismic data shows some very
interesting prospects. A Farm Out is being considered for this block.

Colombian Producing Fields

The Company is currently in discussion with Macquarie Bank in relation to the
terms of a $20 million debt financing to fund the second payment for Petroleos
Del Norte and the further development of the PDN interested fields, Santa Lucia
and Los Angeles, on the Tisquirama licence.

At the same time, PetroLatina is involved in ongoing discussions with Ecopetrol,
the Colombian State Oil Company, to reach mutually acceptable terms regarding
the extension of the Tisquirama Licence.

PetroLatina is also finalising the logistics to put the Serafin gas well on
production in August 2007.

Guatemala

The decision has been made to Farm-Out the Company's Guatemalan assets.
PetroLatina has signed a US$ 175,000 four month option contract with a potential
local buyer to acquire the assets for US$ 4 million. The Company shall also
retain a 20% carried interest in the first three wells.

The decision to sell and Farm-Out the Guatemalan assets will result in a large
write-down in the 2006 financials.
London Office

The London office will we closed, leaving just a small representation in the
United Kingdom. This action will reduce the general and administrative overhead
of the Company by an estimated US$ 2 million a year. All technical work will be
carried out in Colombia, with some work being outsourced where required.


Rudoph Berends, President and CEO commented:

"Since I took over as Chief Executive Officer on 14th March 2007, and following
a complete review of the Company in every respect, there has been a need to make
some difficult but constructive decisions to ensure the operational and
financial future of PetroLatina. This update outlines actions that have been
taken to this end, thus giving the Company every chance of realising its goal of
providing value to shareholders in the future"


21st May 2007

[Chessmaster]

Antwort auf Beitrag Nr.: 29.398.895 von JosedelaVega am 21.05.07 08:55:26

hmm..hat jemand ne erklärung für die letzen kursbewegungen oder wurde lediglich gedrückt um nochmal günstig einzusammeln ?!?
sieht fast so aus....

[MFC500]

30 May 2007

The Company has issued 830,000 new ordinary shares of $0.10 to Macquarie Bank Limited ("Macquarie") as partial consideration for the agreement with Macquarie to make available an extension of $1.7 million to the Company's existing loan facility. Accordingly, the Company has made application for the admission of 830,000 new ordinary shares to trading on AIM. Admission is scheduled to take
place on 5 June 2007.

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[_Frank]

Antwort auf Beitrag Nr.: 29.539.526 von MFC500 am 30.05.07 13:58:06

wird ja immer schlimmer. Würde man diese Kapitalerhöhung als Maß der Dinge nehmen, läge das Kursziel bei etwa 0,08 Euro.

[feuershow.de]

bin draussen und beobachte von aussen...

[matthiasch]

Dieses "Ding" ist langsam lächerlich. Da boomen aber wirklich alle Weltbörsen und Sekoren und PELE fällt Ich frage mich, wann da überhaupt was gehen könnte. Selbst gute Meldungen sind in der Vergangenheit ja verpufft... Was passiert nur, wenn wir - und damit ist wohl bald zu rechnen - Korrekuten an den Weltblasen, äh Börsen, sehen sollten.

[Steigerwälder]

Wirklich wahr. Vor allem der Threadtitel wirkt angesichts der Entwiklung der Firma inzwischen etwas unpassend. Aber vielleicht kann man ja mit den Mods reden.

Wie wärs mit: "Petrolatina- was für ein Reinfall!"

oder "Petrolatina- was für ein erbärmlicher Saftladen!"

[_Frank]

Antwort auf Beitrag Nr.: 29.605.183 von Steigerwälder am 03.06.07 09:35:27

Sie verzetteln sich mit kleinen Ölfeldern in Guatemala, statt daß sie dort erst mal nichts machen und sich auf Serafin konzentrieren. 4 weitere production wells würden der Aktie sicher einen kräftigen Schub verleihen aber sicher ist das nicht so einfach umsetzbar. Ich tippe mal auf kein Keld für Bohrugen oder kein Abnahmevertrag fürs Gas oder keine ausreichende Gaspipeline usw usw. Petrolatina bleibt erst mal auf der Watchlist, könnte evtl. noch etwas werden.

[JosedelaVega]

Antwort auf Beitrag Nr.: 29.605.183 von Steigerwälder am 03.06.07 09:35:27

ja der Thread-Titel sollte in "what a horrible experience" abgeändert werden

naja in Guatemala können sie sich nicht mehr weiter verzetteln, dies ist nun weg - mit etwas Glück wird man dafür noch einen kleinen Cashbetrag bekommen... Der neue Chief fokusiert die Company nun auf Kolumbien

Pele und dieser Thread ist ein schönes Beispiel für eine NIETE, sorry für jeden den ich mit diesem Wert in "Kontakt" gebracht habe - die DD hat gepasst, leider nicht die Bohrerfolge der Company

inwiefern sie es schaffen auch einmal erfolgreiche Wells zu bohren und etwas mehr ein glückliches Händchen haben - daran wird sich die Zukunft der Company entscheiden

das Res.Potential lässt hierfür viel Spielraum ....

José

[JosedelaVega]

Antwort auf Beitrag Nr.: 29.541.519 von feuershow.de am 30.05.07 15:49:58

habe vor einiger Zeit in Can. und US - ÖL und Gas-Plays Positionen aufgebaut (manch einer von euch hat ja damit inzwischen Pele Verluste etwas wettmachen können )

vor allem im Gas-Markt war/ist einfach zu regelrechten Schnäppchenbedingungen was zu machen ...

also vielleicht lohnt ein Blick auf Werte in diesen Sektoren

viele der Werte haben zu ÖL/GAS Hype Phasen sich Geld zu günstigen Bedingungen eingesammelt und kräftig investiert ... so langsam tragen diese nun erste Früchte und aus reinen "Kapitalverbrennern" werden interessante Cash-Producer

José

[onkelen]

AFX UK Focus) 2007-06-12 14:25 GMT:
Petrolatina Energy FY pretax loss at 41 mln usd from 6.8 mln on one-off charges
Article layout: raw

LONDON (Thomson Financial) - Petrolatina Energy PLC said it widened its full year losses on account of one-off charges.

The company reported a pretax loss of 41 mln usd for the year to Dec 31, 2006 from a loss of 6.8 mln usd a year earlier. It had no turnover.

Chairman Rudolph Berends said the company sees potential in Colombia for both its immediate and sustained future growth and that it has some "exciting" exploration acreage in the La Paloma and Midas blocks. [e-mail] rsh/vs

COPYRIGHT

Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

[MFC500]

21 June 2007

PetroLatina announces that Richard Lavers has stepped down as a Non Executive Director of the Company with immediate effect.

Greg Smith, Chairman of PetroLatina, commented:
"I would like to thank Richard for his contribution to the Company over the past year and wish him well in his future endeavours"

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[senna7]

Heute

35 % im Plus !!!!

was ist denn da los ??? weiss jemand was ???

Letzter Kurs: 0,280 WKN: A0D9AP
Veränd. abs.: +0,073 Symbol: UKF
Veränd. in %: +35,27 % ISIN: GB00B04SLR38

[redlightgary]

Antwort auf Beitrag Nr.: 30.596.590 von senna7 am 09.07.07 18:41:05

@ all
Was war denn nochmal mit diesem Gaswell, welches irgendwann in Q3 produzieren sollte? Gibts da was neues, denn die Daten davon waren ja eigentlich ganz ok.

[MFC500]

Petrolatina is pleased to announce that the option announced on 21 May 2007 has been exercised and that accordingly it has today completed the sale of its Guatemala assets. The consideration is $4 million in cash.

The Company retains a 20% interest in the first three wells to be drilled in the near future.

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[MFC500]

26.09.07

PetroLatina announces unaudited interim results for the six months ended 30 June 2007.

Financial Highlights:

* Turnover up to $3,110,000 (six months ended 30 June 2006: $421,000) thanks to the acquisition of Petroleos del Norte on June 16th, 2006,
* Gross profit up to $1,926,000 (six months ended 30 June 2006 :$363,000)
* Loss on ordinary activities before tax to $2,926,000 (six months ended 30 June 2006 : $3,394,000)

The interim results are the first to be reported in accordance with International Financial Reporting Standards ("IFRS").

CHIEF EXECUTIVE OFFICER STATEMENT

Significant changes were made within the Company during the first six months to 30 June 2007.

Operations Review

The Company is presently fully focussed on Colombia after the sale of its assets in Guatemala for $4 million in cash in May 2007, This decision was made following discouraging drilling results.

PetroLatina retains a 20% interest in the first three wells to be drilled in Guatemala in the near future.

In Colombia, the Company holds 50% and 25% interests in the Los Angeles and Santa Lucia fields on the Tsquirama licence, respectively, and a 100% interest in the Dona Maria field which together provided a daily production of approximately 450 barrels per day in the first six months of 2007.

In April 2006 the Group acquired an interest in two exploration blocks with an 85% interest in Midas and an indirect 80% interest in La Paloma, New seismic was acquired in March/April this year over the La Paloma block and the results show a very promising large 4 way dip closure. It is planned to drill an exploration well within 3 to 4 months. Planned total depth is approximately 10,000 ft.

Presently, new seismic is being acquired over the Midas block and first results are encouraging. It is planned to drill an exploration well to approximately
8,000 ft following the La Paloma well.

The terms and the conditions of the extension of the Tsquirama licence have been successfully negotiated with Ecopetrol. We are currently waiting for the final approval by the Board of Ecopetrol which should not take more than 4 weeks. The delay in the process is caused by new procedures set by the Minister of
Hydrocarbons for all companies negotiating future extensions.

The Seraffin gas project is ready to commence production, However the gas pipeline owner is currently demanding a letter from Ecopetrol underwriting the quality of the gas. PetroLatina is holding discussions with all parties involved to find a quick solution.

PetroLatina also owns the Rio Zulia-Ayacucho pipeline in the prolific Catacomba basin which transports crude oil. Present exploration/exploitation activities in this area should increase the volume of the crude oil resulting in an increased cash flow.

Financials

In the first 6 months of 2007, turnover was $3,110,000 and gross profit $1,926,000, Loss on ordinary activities before tax was $2,926,000 Administrative expenses of $4,776,000 were high for this period. As a result, a decision was made to to close the office in London and reduce the salaries of senior management. Total savings are in excess of $2 million per year.

Present outstanding debt with Macquarie bank is about $5,3 million.

Outlook

Stable production of approximately 450 barrels per day plus incremental production after the extension approval in the Tisquirama licence, the future Seraffin gas production, and some very exciting exploration blocks where two wells will be drilled, create a viable Company with upside. In addition, the Company is analysing what the best way is to capitalise on the opportunities currently available in the market.

vollständiger Bericht mit Bilanz und GuV
http://www.sharecrazy.com/share2607share/share.php?disp=news…

[JosedelaVega]

Antwort auf Beitrag Nr.: 31.746.156 von MFC500 am 26.09.07 10:56:11

CHIEF EXECUTIVE OFFICER STATEMENT - 26th September 2007 Interims

Significant changes were made within the Company during the first six months to
30 June 2007.

Operations Review

The Company is presently fully focussed on Colombia after the sale of its assets
in Guatemala for $4 million in cash in May 2007, This decision was made
following discouraging drilling results.

PetroLatina retains a 20% interest in the first three wells to be drilled in
Guatemala in the near future.

In Colombia, the Company holds 50% and 25% interests in the Los Angeles and
Santa Lucia fields on the Tsquirama licence, respectively, and a 100% interest
in the Dona Maria field which together provided a daily production of
approximately 450 barrels per day in the first six months of 2007.

In April 2006 the Group acquired an interest in two exploration blocks with an
85% interest in Midas and an indirect 80% interest in La Paloma, New seismic was acquired in March/April this year over the La Paloma block and the results show a very promising large 4 way dip closure. It is planned to drill an exploration
well within 3 to 4 months. Planned total depth is approximately 10,000 ft.

Presently, new seismic is being acquired over the Midas block and first results
are encouraging. It is planned to drill an exploration well to approximately
8,000 ft following the La Paloma well.

The terms and the conditions of the extension of the Tsquirama licence have been
successfully negotiated with Ecopetrol. We are currently waiting for the final
approval by the Board of Ecopetrol which should not take more than 4 weeks. The
delay in the process is caused by new procedures set by the Minister of
Hydrocarbons for all companies negotiating future extensions.

The Seraffin gas project is ready to commence production, However the gas
pipeline owner is currently demanding a letter from Ecopetrol underwriting the
quality of the gas. PetroLatina is holding discussions with all parties involved
to find a quick solution.

PetroLatina also owns the Rio Zulia-Ayacucho pipeline in the prolific Catacomba
basin which transports crude oil. Present exploration/exploitation activities in
this area should increase the volume of the crude oil resulting in an increased
cash flow.

[senna7]

Antwort auf Beitrag Nr.: 31.776.300 von JosedelaVega am 28.09.07 14:08:12

es kann eigentlich nur noch aufwärts gehen oder

ich halte jetzt auch durch , zum Glück eben nur mit nen kleinen Depotanteil ....

[JosedelaVega]

Antwort auf Beitrag Nr.: 31.777.841 von senna7 am 28.09.07 15:40:19

well 0,10 Pfund waren einfach zu verlockend heute

high risk - die chancen sind sicher einiges besser geworden durch die erhaltenen 4 Mil. US und das neue Management

das Risiko eines Totalverlustes sollte man aber unbedingt beachten

José

[senna7]

Antwort auf Beitrag Nr.: 31.781.741 von JosedelaVega am 28.09.07 19:40:17

na ja das Risiko ( 2% meines Depots ) geh ich ein ...vielleicht finden Sie ja mal was, dann gehts ab


PS:
muss es eben Metis rausreissen , ich hoffe die kommen auch mal in die Puschen

[JosedelaVega]

Update from GE&CR today.

"PetroLatina, the AIM listed oil and gas exploration and production company with operations in Colombia and interests in Guatemala, released its results for the six months to 30th June 2007 on September 26th. It reported a gross profit figure of $1.926 million, up from £0.363 million, on a turnover figure of $3.11 million, up from $420,000. Overall, PetroLatina reported an operating loss of $2.926 million as a result of administrative costs which increased from $3.953 million to $4.776 million. Since the period end the company has closed its London office and reduced the senior management’s remuneration which will save $2 million per annum.

The company’s outstanding debt with Macquarie Bank was approximately $5.3 million at the period end and its cash balance was $2.22 million, down from $4.655 million 12 months previously. At the period end PetroLatina had net assets of $16.787 million, a sharp fall on the $47.3 million at the end of the first half of 2006. The significant decrease in net assets is principally attributable to the disposal of its Guatemalan assets for just $4 million in cash in May this year, following discouraging results. PetroLatina currently holds a 20% retained interest in the first three wells to be drilled in Guatemala.

The company is now focused on Colombia, where it seeks to capitalize on the opportunities presented by the deregulation of oil and gas markets and where it owns some exciting exploration licenses. PetroLatina enjoys stable production of 450 barrels per day plus incremental production after the extension approval in the Tisquirama License; it should enjoy future gas sales from the Seraffin field and is drilling two exploration wells shortly. The company holds 50% and 25% interests in the Los Angeles and Santa Lucia fields on the Tsquirama license respectively, and a 100% interest in the Dona Maria field. The Seraffin gas project is ready to commence production, the last outstanding delay is the gas pipeline owner needing to be satisfied with Ecopetrol’s commitment to underwrite the quality of the gas produced.

Elsewhere, PetroLatina is currently in the process of acquiring new seismic data over the Midas block following its encouraging first results, with the view of drilling an exploration well to 8,000 feet. This follows the acquisition of new seismic in March/April this year over the La Paloma block, where results have identified a very large promising 4-way dip closure. The company is expected to follow up by drilling an exploration well at total depth of 10,000 feet, within the next 3-4 months. The company acquired an 85% interest in Midas and an indirect interest 80% interest in La Paloma in March 2006. PetroLatina is confident that it will take the project forward.

In addition, PetroLatina owns the Rio Zulia-Ayacucho pipeline in the prolific Catacomba basin, where the company could see increased cash-flow from greater crude oil volumes transportation. The company remains confident in the value of its exploration and production assets in Columbia, following progress made on in-principle agreement to extend the license at Tisquirama with EcoPetrol. It should be noted that no final agreement has yet been signed and concerns on this point remain, in our view, a significant drag on the share price. Even though the company is still negotiating the terms of the extension, MacQuarie bank has agreed to finance a large portion of the development costs associated with this license extension if it is granted.

We believe that the potential value for the company’s portfolio, if the licensing issues and financing issues are successfully resolved, is worth at least £48.76 million ($95.1 million) or 42p a share. This includes a minimal value for Seraffin. However given the uncertainty surrounding the company's license position, at 11.5p, our stance remains “hold.” "


wichtig jedoch wie immer noch gleiches zu klärendes Thema...
if the licensing issues and financing issues are successfully resolved

time will show ob es hier eine Zukunft gibt
José

[senna7]

Riesiges Volumen heute

Bid Ask (+/-) % Last High Low Volume
10,00 13,00 0,00 0,00 11,50 11,50 11,50 14 280 028

[MFC500]

PetroLatina Energy announces that Joseph Strubel has stepped down as a Non Executive Director of the Company with immediate effect.

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[Steigerwälder]

Nicht überaus erfreulich. Gibt es irgetjemanden der noch Hoffnung sieht?

[JosedelaVega]

es bleibt dabei - hier wird sich die Zukunft der Company entscheiden

if the licensing issues and financing issues are successfully resolved

José

[MFC500]

2 November 2007

PetroLatina announces that Juan Carlos Rodriguez (46), currently President of the Company's Columbian subsidiary Petroleos del Norte ("PDN"), will become Interim Chief Executive Officer with immediate effect. He will be joined on the Board by James Joseph May (58) who has agreed to join the Company as a Non-Executive Director.

Juan Carlos has been President of PDN for several years and is an experienced oil and gas operator supported by an operational team of more than 40 people. He is also highly respected within the business community in Columbia.

James May's appointment will give the Company a full-time UK resident Board member.

Rudolph Berends has resigned today as a Director of the Company effective immediately. Rudolph has also stepped down from his position as President and Chief Executive Officer with immediate effect. At the same time, James Guiang has resigned as a Non-executive Director.

The Board thanks Rudolph and James for their contributions to the Company and wishes them well in their future endeavours.

Corporate Update

Following Rudolph's action to reduce costs and close the London corporate office, the Company's focus has been on its cash generating assets in Columbia and, in particular, negotiations to agree the amount and structure of the second tranche of the PDN acquisition consideration, due upon extension of the Tisquirama licence.

The Board believes that this issue, and the ongoing development of the asset, is best achieved through its Columbian-based operational team. In addition, because of Juan Carlos's experience of working in the region, the Board believes that he will be ideally placed to conclude negotiations to extend the Tisquirama licence and to strengthen PetroLatina's relationships with the country's authorities and the Company's Columbian partners.

PetroLatina now expects to make quick progress with these negotiations and anticipates making further announcements regarding the extension of the Tisquirama licence; its planned drilling programme; and an updated production profile before the end of this month. The Company is also in detailed discussions to secure the financing required for the planned drilling and development. This facility will enable the Company to enter the second phase of the development programme in Columbia and increase cash flow dramatically.
Further announcements regarding the financing will be made in due course.

James May

James Joseph May (58) has extensive experience of working with natural resource companies and is currently a Director of AIM-listed TomCo Energy Plc. He has also served previously as Finance Director of AIM listed London & Boston Investments Plc and as a non-executive Director of AIM listed Croma Group Plc.
Mr May is also currently a principal of a boutique chartered accountancy practice, focusing on advising companies on finance raising, mergers and acquisitions, business strategies and entry onto the OFEX and AIM markets, in addition to providing general accountancy, tax and audit services. He was previously a Senior Partner at Horwath Clark Whitehill, a UK accountancy firm, for 17 years, including 8 years on the Managing Board. Mr May qualified as a chartered accountant in 1974.

Greg Smith, Chairman and Founder of PetroLatina, said:

"I am pleased to welcome Juan Carlos to the Board as Chief Executive and look forward to reporting positively on the continuing negotiations regarding Tisquirama very shortly.

"I believe that PetroLatina has tremendous potential and value. We have substantial proved, probable and possible reserves, with a firm plan to increase volume through our pipeline and develop and commercialise the reserves. PetroLatina remains a cash flow positive business and is financially secure.

"I am also delighted to welcome James to the Board of PetroLatina and believe that we are now in good shape to realise the Company's potential and to start delivering value to shareholders."

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[JosedelaVega]

Antwort auf Beitrag Nr.: 32.249.640 von MFC500 am 02.11.07 09:46:33

hmmm...

PetroLatina now expects to make quick progress with these negotiations and anticipates making further announcements regarding the extension of the Tisquirama licence; its planned drilling programme; and an updated production
profile before the end of this month. The Company is also in detailed discussions to secure the financing required for the planned drilling and development. This facility will enable the Company to enter the second phase of the development programme in Columbia and increase cash flow dramatically. Further announcements regarding the financing will be made in due course.

José

[MFC500]

29 November 2007

Extension of key Tisquirama licence for economic life of the fields has been fully ratified

PetroLatina, the oil and gas exploration and production company focused on Colombia, announces that it has secured the extension of the Tisquirama licence for the economic life of the fields. Without this agreement the licence would have expired in 2009.

Under the original terms of the Petroleos del Norte ("PDN") acquisition, a second cash payment of US$13 million was due upon the extension of the licence. However, PetroLatina has now reached agreement with the vendors of PDN to make a cash payment of US$7 million and to issue to the vendors new PetroLatina shares to the value of US$3 million. The vendors of PDN now form part of the operational management of PetroLatina.

As part of the agreement to secure the licence extension, Ecopetrol S.A., the Colombian state oil company, will increase its participation in the Los Angeles and Santa Lucia fields from 50% to 60%. The agreed work programme for these two fields now includes six development wells and four exploration wells over the next two years.

The agreement has been ratified by the board of directors of Ecopetrol. In order to legalize the agreement, it is necessary to create a joint working team put together by PDN and Ecopetrol to prepare and submit the licence Amendment to the Hydrocarbon National Agency (Agencia Nacional de Hidrocarburos "ANH").

PetroLatina anticipates making further announcements regarding its planned drilling programme and an updated production profile in the coming weeks. The Company is also in detailed discussions to secure the financing required for the planned drilling and development. This facility will enable the Company to enter the second phase of the development programme in Colombia and increase cash flow dramatically. Further announcements regarding the financing will be made in due course.

Greg Smith, Chairman and Founder of PetroLatina, said:

"These agreements secure the inherent value of PetroLatina and allow us to start planning for the future. I believe the Company has tremendous potential and value. We have positive cash flow, substantial proved, probable and possible reserves, plans to increase volume through our pipeline and to develop and commercialise the reserves."

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[onkelen]

Antwort auf Beitrag Nr.: 32.610.574 von MFC500 am 29.11.07 11:09:02

in deutsch

Die Verlängerung des Schlüssels die Tisquirama Lizenz für das Wirtschaftsleben der Felder ist PetroLatina, die Öl- und Gaserforschungs- und Produktionsgesellschaft völlig bestätigt worden, konzentrierte sich auf Kolumbien, gibt bekannt, dass es die Verlängerung der Tisquirama-Lizenz für das Wirtschaftsleben der Felder gesichert hat. Ohne diese Abmachung wäre die Lizenz 2009 abgelaufen. Unter den ursprünglichen Fristen des Petroleos del Norte ("PDN") Erwerb war eine zweite Kassenzahlung der US$13 Million auf die Verlängerung der Lizenz erwartet. Jedoch hat PetroLatina jetzt Vereinbarung mit den Verkäufern von PDN getroffen, um eine Kassenzahlung der US$7 Million zu machen und den Verkäufern neue PetroLatina-Anteile zum Wert der US$3 Million auszugeben. Die Verkäufer von PDN bilden jetzt einen Teil des betrieblichen Managements von PetroLatina. Als ein Teil der Abmachung, um die Lizenzverlängerung, Ecopetrol S.A zu sichern., die kolumbianische Zustandölfirma, wird seine Teilnahme in Los Angeles und Feldern von Santa Lucia von 50 % bis 60 % vergrößern. Das abgestimmte Arbeitsprogramm für diese zwei Felder schließt jetzt sechs Entwicklungsbohrlöcher und vier Erforschungsbohrlöcher im Laufe der nächsten zwei Jahre ein. Die Abmachung ist vom Verwaltungsrat von Ecopetrol bestätigt worden. Um die Abmachung zu legalisieren, ist es notwendig, ein Gelenk Arbeitsmannschaft zusammengestellt durch PDN und Ecopetrol zu schaffen, um den Lizenzzusatzartikel dem Kohlenwasserstoff Nationale Agentur (Agencia Nacional de Hidrocarburos "ANH") vorzubereiten und vorzulegen. PetroLatina sieht voraus, weitere Ansagen bezüglich seines geplanten Bohrprogrammes und eines aktualisierten Produktionsprofils in den kommenden Wochen zu machen. Die Gesellschaft ist auch in ausführlichen Diskussionen, um die Finanzierung erforderlich für das geplante Bohren und die Entwicklung zu sichern. Diese Möglichkeit wird der Gesellschaft ermöglichen, in die zweite Phase des Entwicklungsprogrammes in Kolumbien und Zunahme-Kassenzuflusses drastisch einzugehen. Weitere Ansagen bezüglich der Finanzierung werden im Laufe der Zeit gemacht. Greg Smith, Vorsitzender und Gründer von PetroLatina, sagte: "Diese Abmachungen sichern den innewohnenden Wert von PetroLatina und erlauben uns anzufangen, für die Zukunft zu planen. Ich glaube, dass die Gesellschaft enormes Potenzial und Wert hat. Wir haben positiven Kassenzufluss, wesentliche bewiesene, wahrscheinliche und mögliche Reserven, Pläne, Volumen durch unsere Rohrleitung zu vergrößern und die Reserven zu entwickeln und zu kommerzialisieren."

[JosedelaVega]

Antwort auf Beitrag Nr.: 32.610.574 von MFC500 am 29.11.07 11:09:02

José

[senna7]

Als Charttechnisch schaut es ganz gut aus , es könnte der Boden gefunden worden sein.

Vielleicht finden sich nun auch Neuigkeiten oder andere guten Dinge

http://www.euroland.com/clcharts/tag/chart.asp?cCode=UK-TAG&…

[senna7]

Auch heute geht es rauf , ich denke das schlimmste ist rum

[MFC500]

14 March 2008

Petrolatina is pleased to announce the appointment of Strand Partners Limited as its new Nominated Adviser and Broker effective immediately.

Greg Smith, Chairman and Founder of PetroLatina, said: "We are delighted to welcome Strand Partners as our nominated adviser and broker to the Company, and look forward to working with them to increase value for all Shareholders. I believe Petrolatina has tremendous potential; we have positive cash flow as well as substantial proved, probable and possible reserves "

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[richelieu_himself]

-17% ? Was läuft denn hier ab ?!

[MFC500]

27 March 2008

Proposed 1 for 5 Share Consolidation, Increase in Authorised Ordinary Share Capital and Directors' Share Capital Authorities

PetroLatina is pleased to announce that it intends to consolidate its ordinary share capital, and to increase both its authorised share capital and the Directors' authority to issue shares. The Company will shortly be writing to its shareholders to explain, inter alia, why the Directors consider these proposals to be in the best interests of the Company and its Shareholders as a whole and to recommend that Shareholders vote in favour of the requisite resolutions at an extraordinary general meeting ("EGM") which will be convened to take place in late April, 2008.

The Board is proposing a capital reorganisation which, if approved, will involve the consolidation of the existing ordinary share capital of the Company on the basis of:

1 new ordinary share of US$0.50 each for every existing 5 ordinary shares of US$0.10 each (the "Consolidation").

The primary aims of the proposed Consolidation are as follows:

* To enable the Company's shares to trade at a market price that is at a level more in line with that of other comparable listed oil and gas companies;
* To reduce the number of shares in issue to a more manageable level;
* To potentially reduce the spread between the bid and offer price for the Company's shares as a proportion of the share price;
* To improve the attractiveness, liquidity and marketability of the ordinary shares; and
* To stem the decline in the Company's market share price by removing the perception of some investors that the Company is a "Penny Stock".

Following implementation of the Consolidation, the new ordinary shares will have identical rights to those currently held by the existing ordinary shares including their ranking for dividends. The terms of the existing warrants outstanding will be adjusted accordingly.

In addition, it is proposed that the Company's authorised ordinary share capital be increased from the currently prevailing nominal amount of US$20,000,000 to US$30,000,000 by the creation of 100,000,000 ordinary shares of US$0.10 each, and that the Directors be granted the authority to allot equity securities, without offering those equity securities pro rata to existing shareholders, up to an aggregate nominal amount of the increased authorised share capital. The Board considers that it is in the best interests of the Company and its shareholders generally, that the Directors should have the flexibility conferred by such authorities.

The aforementioned proposals will require the approval of Shareholders at the EGM, formal notice of which will be posted to Shareholders and made available on the Company's website shortly.

Application will be made for the new consolidated ordinary shares to be admitted to trading on AIM. It is intended that such admission will become effective and that dealings in the new consolidated ordinary shares will commence following the EGM, the date of which will be announced in due course.

Greg Smith, Chairman, today commented:

"These represent exciting times for PetroLatina, and the proposed Consolidation will assist in making the Company an attractive investment to investors seeking exposure to a balanced portfolio of exploration, development and productive assets in one of the most exciting geographical areas in the world. We envisage substantial opportunities ahead for PetroLatina, and will seek to develop the Company into a leading oil and gas company in Latin America. The proposed Consolidation is the first step towards driving PetroLatina to the next level, and we look forward to informing Shareholders of further progress shortly."

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[senna7]

Antwort auf Beitrag Nr.: 33.737.500 von MFC500 am 27.03.08 10:45:55

ich bin gespannt wann die Aktie entlich dreht ....

Tiefer kann es ja bald NICHT mehr gehen

[onkelen]

LONDON (Thomson finanziell) - Petrolatina Energieplc. sagte, daß es plant, das autorisierte Aktienkapital der Firma zu erhöhen bis $40 Million von den gegenwärtigen $20 Million, anstatt bis $30 Million, wie vorher verkündet an März 27.

Das lateinische Amerika-fokussierte Öl und der GasFirma erforschung und -produktion sagten, daß sie ein EGM für April 28 benannt hat, um den Antrag zu genehmigen, um das Aktienkapital durch die Kreation von 200 Million Anteilen von $0.10 und zu auch je zu erhöhen, um sein vorgeschlagenes 1 für 5 Aktienzusammenlegung zu genehmigen.

Nach Beendigung der Anträge, sagte die Firma, daß sie plant, bis $30 Million über eine Privatplazierung anzuheben, um zusätzliches Arbeitskapital zur Verfügung zu stellen, um seine vorhandenen Betriebe zu stützen und ihm möglicherweise zu ermöglichen, eben gekennzeichnete günstige Möglichkeiten der Geldanlage auszuüben.

Petrolatina sagte auch, daß es plant, ein Minimum von sechs Entwicklung Brunnen zu bohren und vier Erforschungbrunnen über dem Kurs der folgenden zwei Jahre auf dem Los Angeles und der Sankt Lucia, an geschätzten Kosten von ungefähr $24 Million auffängt und dann seine langen Bezeichnung Finanzierung Notwendigkeiten neu bewerten wird.

Der lateinamerikanische Öl- und Gasforscher addierte es vorwegnimmt eine bedeutende Zunahme seines Einkommen Erzeugung 2009.

Es erwartet auch den Fluß des Öls durch seine Rio-Zulia Rohrleitung, um sich auf ungefähr 5.000 Fässer Öl pro Tag 2008 und bopd ungefähr 15.000 2009 vom gegenwärtigen Niveau von bopd 3.000 zu erhöhen.

[e-mail] ndi/bsu/vlb

COPYRIGHT

Copyright Thomson Börsennachrichten Begrenzten 2008. Alle Rechte vorbehalten. Die Kopie, die Neuauflage oder die Wiederverteilung Thomson des Börsennachrichten-Inhalts, einschließend durch das Gestalten oder die ähnlichen Mittel, wird ausdrücklich ohne die prior schriftliche Zustimmung von Thomson Börsennachrichten verboten.

[MFC500]

Antwort auf Beitrag Nr.: 33.811.992 von onkelen am 04.04.08 17:25:59

04.04.08

PetroLatina, an independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce that further to the announcement made on 27 March 2008, it has today posted a circular (the "Circular") to its shareholders convening an extraordinary general meeting of the Company ("EGM").

The purpose of the EGM is to seek shareholder approval for the proposed 1 for 5 share consolidation, increase in the Company's authorised share capital and granting of authority to the Directors to allot equity securities, without offering those equity securities pro rata to existing shreholders, up to an aggregate nominal amount equivalent to the increased authorised share capital. It is now proposed that the Company's authorised ordinary share capital be inceased from the currently prevailing amount of US$20,000,000 to US$40,000,000 by the creation of 200,000,000 ordinary shares of US$0.10 each, rather than the amount previously announced of US$30,000,000. The Board considers that it is in the best interests of the Company and its shareholders generally, that the Directors should have the flexibility conferred by such authorities.

Following completion of the Proposals, the Company will seek to arrange a fundraising to provide additional working capital to support its existing operations and potentially to enable it to pursue newly identified investment opportunities. It is expected that this fundraising will be effected by means of a private placement with certain institutional and other investors to raise up to approximately US$30 million. The Directors have recently undertaken discussions with certain of the Company's existing major Shareholders in relation to its future funding requirements and have obtained indications, in principle, of their support and potential partial underwriting for such a fundraising.

The Company intends to drill a minimum of six development wells and four exploration wells over the course of the next two years on the Los Angeles and Santa Lucia fields, at an estimated cost of approximately US$24 million and will then re-evaluate the Company's long term financing needs. The Directors anticipate a significant increase in the Company's revenue generation in 2009 which will serve to provide flexibility with regards to its operations and assessment of strategic alternatives for development within the region.

In addition, the Company expects the flow of oil through its Rio-Zulia pipeline to increase from the current level of 3,000 barrels of oil per day ("bopd") to approximately 5,000 bopd in 2008 and then approximately 15,000 bopd in 2009.

The Board has allotted a further 3 ordinary shares of US$0.10 each ("Ordinary Shares") to ensure that the Company's issued share capital is exactly divisible by 5 for the consolidation. Application will be made for admission of these Ordinary Shares to trading on AIM. It is expected that admission will take place and that dealings in the Ordinary Shares will commence at 8.00 a.m. on 10 April 2008. Accordingly, the Company's issued share capital currently consists of 116,337,125 existing ordinary shares. Since on consolidation the aforementioned additional ordinary shares would only represent an entitlement to a fraction of a New Ordinary Share, this fraction would be sold pursuant to the arrangements for fractional entitlements set out in the Circular, with the proceeds being held for the benefit of the Company.

The EGM will be held at 11.00 a.m. on Monday 28 April 2008 at the offices of Strand Partners Limited, 26 Mount Row, London W1K 3SQ. Pursuant to the AIM Rules, a copy of the Circular incorporating a notice of EGM will shortly be available to download from the Company's website at www.petrolatinaenergy.com.

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[MFC500]

Antwort auf Beitrag Nr.: 33.812.173 von MFC500 am 04.04.08 17:42:06

Sollte es gelingen, diese Kapitalerhöhung zu platzieren, wäre PetroLatina "back in the game". Allerdings habe ich Befürchtungen, was den Ausgabepreis der neuen Aktie anbelangt

[richelieu_himself]

Kommt hier etwa Bewegung rein ?! ;-)

[onkelen]

LONDON (Thomson Financial) - Petrolatina Energy Plc. said Colombian Private Equity Firm, Tribecapital Partners S.A. has agreed to invest $25 million in the company to develop Petrolatina's exploration prospects and producing assets in Colombia.

The oil and gas exploration company said the investment will enable it to enter the second phase of its development programme in Colombia, increase cash flow dramatically, and help develop and commercialise its reserves.

[JosedelaVega]

was für eine schööööööönnne Meldung

José

[richelieu_himself]

Antwort auf Beitrag Nr.: 33.970.009 von JosedelaVega am 25.04.08 10:08:44

Oh ja !
Und mit den aktuellen Ölpreisen kommt schön Geld in die Kasse

[MFC500]

Es ist aber noch nichts in trockenen Tüchern. Nachfolgend die Meldung in Originalfassung:

PetroLatina, the oil and gas exploration and production company focused on Colombia, with interests in Guatemala, announces that it has entered into a non-binding agreement with Tribecapital Partners S.A. ("Tribeca"), a Colombian Private Equity Firm. Under the agreement, Tribeca has agreed to invest US$25 million in PetroLatina at a premium to the current share price for the development of the Company's promising exploration prospects and producing assets in Colombia. The agreement is subject to the satisfaction of a number of conditions precedent, including completion of Tribeca's legal and technical due diligence and execution of a definitive investment agreement. Further announcements regarding this proposed investment will be released in due course.

Greg Smith, Chairman of PetroLatina, commented:
"This will represent a major investment in the Company. We believe that it recognises the true value of the Company, and will enable PetroLatina to enter the second phase of its development programme in Colombia, increase cash flow dramatically, and help develop and commercialise the Company's reserves."

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[MFC500]

28.04.08

The Board of PetroLatina is pleased to announce that the resolutions proposed at the Extraordinary General Meeting held earlier today to approve, inter alia, the 1 for 5 share consolidation, increase in the Company's authorised share capital and increase in the directors' authority to allot equity securities, without offering those equity securities pro rata to existing shareholders, up to an aggregate nominal amount equivalent to the increased authorised share capital, as set out in the notice of Extraordinary General Meeting dated 4 April 2008, were all duly approved by Shareholders.

As referred to above, a resolution to approve the consolidation of the ordinary shares in issue was passed today in order to re-base the Company's share price. Pursuant to this resolution, every 5 Ordinary Shares in issue will be converted into 1 New Ordinary Share of US$0.50 with effect from the close of business today. Trading in the existing Ordinary Shares on AIM will therefore cease with effect from the close of business today.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective and dealings in the 23,267,425 New Ordinary Shares are expected to commence at 8.00 a.m. tomorrow, Tuesday 29 April 2008. The Company's issued share capital will consist of 23,267,425 ordinary shares of US$0.50 each with voting rights. PetroLatina does not hold any ordinary shares in treasury and accordingly there are no voting rights in respect of any treasury shares.

The aforementioned figure of 23,267,425 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, direct and indirect holdings of voting rights in PetroLatina under Chapter 5 of the Financial Service Authority's Disclosure and Transparency Rules.

Apart from the change in nominal value, the New Ordinary Shares arising on implementation of the Consolidation will have the same rights as the existing Ordinary Shares, including voting, dividend and other rights.

It is expected that definitive share certificates in respect of the New Ordinary Shares will be despatched to relevant shareholders by first class post at their own risk by 9 May 2008 or, where appropriate, that delivery will be made to CREST accounts on 29 April 2008.

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the circular to shareholders of the Company dated 4 April 2008.

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[onkelen]

[MFC500]

Antwort auf Beitrag Nr.: 34.000.066 von onkelen am 30.04.08 10:51:47

der Chart ist aber irreführend. Es ensteht der Eindruck, als sei die Aktie massiv gestiegen. Tatsächlich resultiert der aktuelle Kurs aus der Zusammenlegung der Aktien 5:1.

[onkelen]

(AFX UK Focus) 2008-05-19 08:55
Petrolatina receives nearly half of $25 million Tribeca funding deal
Article layout: raw

LONDON (Thomson Financial) - Petrolatina Energy Plc, which explores and produces oil and gas in Colombia and Guatemala, said Colombian private equity firm Tribecapital Partners has issued $10 million convertible notes as part of its $25 million funding agreement with the company.

The notes are convertible into 5.9 million new Petrolatina shares at a price of 86 pence apiece, it said, adding Tribecapital will implement the deal through investment vehicle Tribeca Oil and Gas Inc.

Tribeca will invest the remaining $15 million by subscribing to a further 8.8 million Petrolatina shares. It will also receive 1.9 million warrants for no additional consideration. Once the funding agreement is completed, Tribeca will own 35 percent of Petrolatina.

"The transaction represents an investment by (Tribeca Oil) at a price of 0.76 pounds per share on a fully diluted basis, or 0.86 pounds per share on an issued share capital basis," Petrolatina said.

At 8:24 a.m., shares in AIM-listed Petrolatina were up over 7 percent at 43.50 pence.

Luc Gerard, Tribeca president, will join Petrolatina as a non-executive director. A second nominee will be named once the subscription agreement is completed, said Petrolatina.

"The investment by Tribeca will secure the future of the company and enable us to fund our planned programme of exploration and appraisal wells. We currently expect to drill a minimum of four wells across our three licence areas in Colombia by the end of this year. Our plan is to increase proven reserves, production and cash flow considerably through the drill programme," said Greg Smith, chairman of Petrolatina.

[e-mail] mbe/ejp

COPYRIGHT

Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Financings and investments

[senna7]

Der Chart schaut mal wieder etwas besser aus

vielleicht gehts jetzt endlich mal nach oben

[JosedelaVega]

naja vom Tief war es eine gute Bewegung ...

diese Woche hat jemand ja in D. nochmals richtig Stücke unter London Kurs gegeben

José

[knarfs193]

hab mich auf der homepage vor geraumer zeit für den newsletter eingetragen. wer von euch ist dort auch eingetragen und wann habt ihr das letzte mal eine mitteilung erhalten?

Gruß

Frank

[onkelen]

♠Tribecapital's Gerard lifts PetroLatina stake

Wed 23 Jul 2008
LONDON (SHARECAST) - Luc Gerard, a director of PetroLatina, has bought £19,080 worth of shares in the Colombia-focused oil and gas company.

He purchased 40,000 shares at a price of 47.7p each and now holds 40,000 shares or 0.09% of the group's issued share capital.

Gerard is the founder and president of Colombian private equity firm Tribecapital Partners, whose portfolio investment company Tribeca Oil and Gas has a 35% stake in PetroLatina.

Shares in the oil and gas company were wanted last month after the company gave a bullish resource update.

Independent petroleum consultants have upgraded the proved reserves of the company’s Colombian interests to 2.75m barrels of oil equivalent (boe), as at the end of 2007, up from 0.45m boe estimated at the end of 2006.

Top Director Buys

Land of Leather (LAN)
Director name: Mrs Gillian Wilmot
Amount purchased: 50,000 @ 43.00p
Value: £21,500

OCZ Technology Group (Reg S) (OCZ)
Director name: Mr Quentin Solt
Amount purchased: 108,100 @ 18.50p
Value: £19,998

PetroLatina Energy (PELE)
Director name: Mr Luc Gerard
Amount purchased: 40,000 @ 47.70p
Value: £19,080

VP (VP.)
Director name: Mr Neil A Stothard
Amount purchased: 7,000 @ 230.00p
Value: £16,100

VP (VP.)
Director name: Mr Mike Holt
Amount purchased: 7,000 @ 227.00p
Value: £15,890

VP (VP.)
Director name: Mr Neil A Stothard
Amount purchased: 6,938 @ 225.00p
Value: £15,610

Alpha Tiger Property Trust (ATPT)
Director name: Mr Jeff Chowdhry
Amount purchased: 20,000 @ 60.50p
Value: £12,100

Framlington Innovative Growth (FIT)
Director name: Mr Andrew Bell
Amount purchased: 3,500 @ 305.00p
Value: £10,675

Elektron (EKT)
Director name: Mr Keith Roy
Amount purchased: 100,000 @ 10.60p
Value: £10,60

[knarfs193]

30.07.08

Director's Dealing

PetroLatina (AIM: PELE), the oil and gas exploration and production company focused on Colombia, with additional interests in Guatemala, was today notified that Luc Gerard, a director of the Company, today purchased 14,200 ordinary shares of US$0.50 each in the Company ("Ordinary Shares") at a price of 35 pence per Ordinary Share.

Following the purchase today, Mr Gerard now holds 54,200 Ordinary Shares, representing approximately 0.12 per cent. of the Company's issued ordinary share capital. Tribeca Oil and Gas, Inc., a portfolio investment company of Tribecapital Partners S.A., a Colombian Private Equity Firm, of which Mr Gerard is President holds 15,360,999 Ordinary Shares representing 35 per cent. of the Company's issued ordinary share capital.

Enquiries:

PetroLatina Energy Plc
Juan Carlos Rodriguez, Interim Chief Executive Officer Tel: [phone]
Pawan Sharma, Executive Vice President - Corporate Affairs Tel: [phone]

Strand Partners Limited
Simon Raggett / Matthew Chandler Tel: [phone]

Financial Dynamics
Ben Brewerton / Susan Quigley Tel: [phone]


Additional Information on PetroLatina Energy Plc:

PetroLatina Energy Plc (AIM: PELE), formerly known as Taghmen Energy Plc, was founded in 2004. The Company is presently focused on Colombia after the sale of its assets in Guatemala in which it retains a 20% interest in the first three wells and a 20% working interest in future wells. In Colombia, the Company holds 40% and 20% interests in the Los Angeles and Santa Lucía fields on the Tisquirama licence, respectively, and a 100% interest in the Doña María field which together provided a daily production of approximately 350 barrels per day in the year to 31 December 2007. In November 2007 the Company secured the extension of the Tisquirama licence for the economic life of the fields. In April 2006 the Group acquired an interest in two exploration blocks with an 85% interest in Midas and an 80% interest in La Paloma. PetroLatina also owns the Río Zulia-Ayacucho pipeline in the prolific Catatumbo basin which transports crude oil. Present exploration/exploitation activities in this area should increase the volume of the crude oil resulting in an increased cash flow. Further information is available on the Company’s website (www.petrolatinaenergy.com).


-------------------------------------------

Wie ist eure Meinung zu der Meldung?
Wie seht ihr den Kursverlauf in nächster Zeit?

[MFC500]

30 September 2008

PetroLatina announces its interim results for the six months ended 30 June 2008.

Operational Highlights

* Average production of 280 bopd net to the Company (June 2007 net 326 bopd)
* RZA pipeline average throughput increase by 6% to 3,134 bopd (June 2007: 2,958)
* Ryder Scott reports $164.9 million NPV10 on 3P reserves of 7.34 million boe as at 31 December 2007
* Significant cost savings achieved
* Drill rig secured, drilling expected to commence in November at La Paloma

Financial Highlights

* Revenues increased by 45% $4.5 million (June 2007 restated: $3.1million)
* First operational profit realized by the Group : $273,000 (June 2007 restated: loss of $3,476,000)
* Gross profit in creased by over 300% to $2.3 million (June 2007 restated: $570,000)
* Loss before tax significantly reduced to $408,000 (June 2007 restated: ($4.2 million))
* Loss per share of ($0.016) (June 2007 restated: ($0.215))
* Cash at period end of $1.9 million
* $25 million equity investment secured from Tribeca Oil and Gas, first tranche of $10 million in convertible debt, converted post period end.

Outlook

* Full impact of cost saving initiatives to have further benefits in second half
* On track to deliver increased production and reserves

Luc Gerard, Chairman of PetroLatina, commented:

"Having secured a rig, PetroLatina is on track to meet the commitment it made in August to commence the drilling programme within 100 days; the first well is expected to spud in early November.

"With positive cash flow and a clear investment plan we believe that PetroLatina is now firmly on track to achieve success in the near future through both increased production and reserves. Our cost saving initiatives introduced in the first half are delivering and should have a material impact on the full year performance."


vollständige Meldung:
http://www.sharecrazy.com/share2607share/share.php?disp=news…

[MFC500]

September 14, 2008

The $900 Mio RAB Special Situations fund faces the threat of being liquidated unless investors agree to lock in their money for three years.

http://209.85.135.104/translate_c?hl=de&u=http://business.ti…

Das ist insofern von Bedeutung, als RAB 4,6 Mio Petro-Aktien hält/hielt

[Kauf]

Antwort auf Beitrag Nr.: 35.349.237 von MFC500 am 30.09.08 16:20:50

Die shareholder haben zugestimmt zum lockup, in sofern Entwarnung. Habe zwar keine PELE mehr, aber hab gerade deinen Beitrag durch Zufall gelesen.


RAB Capital investors approve 3-year lock-in

LONDON, Sept 30 (Reuters) - British listed hedge fund manager RAB Capital (RAB.L: Quote, Profile, Research, Stock Buzz) said investors in its flagship Special Situations strategy have agreed to tie up their money for three years as part of a restructuring plan.

Investors in Special Situations have voted in favour of the the three-year lock-up "by a considerable margin," RAB said in a statement on Tuesday.

"The effect of the restructuring is to ensure the long-term stability of the strategy so as to provide a better prospect for the generation of value in the underlying investments," RAB said in a statement.

The shake-up, announced earlier this month, comes in response to a poor performance from Special Situations after bets on small-cap mining stocks and British bank Northern Rock went wrong.

In return for investors locking in their money for three years RAB is halving its management fee to 1 percent per year.

The company is also cutting its performance fee -- payable when investment returns exceed targets -- to 15 percent from 20 percent.

Previously investors could withdraw their money quarterly after giving 180 days' notice.

RAB said on Tuesday it had total assets under management of 4.2 billion pounds as of Sept 25. (Reporting by Myles Neligan; Editing by Greg Mahlich)



http://www.reuters.com/article/rbssFinancialServicesAndRealE…

[Kauf]

Antwort auf Beitrag Nr.: 35.349.237 von MFC500 am 30.09.08 16:20:50

http://www.rabcap.com/press_releases/2008/080930%20special%2…

[MFC500]

Antwort auf Beitrag Nr.: 35.349.378 von Kauf am 30.09.08 16:29:32

Danke, hatte die Mitteilung gerade auch gefunden. Zu schnell geschossen.

[onkelen]

Antwort auf Beitrag Nr.: 35.349.378 von Kauf am 30.09.08 16:29:32

RAB Capital plc
(“RAB” or “the Group”)
Restructuring of the RAB Special Situations strategy
RAB Capital plc is pleased to announce that investors in the Cayman-based RAB
Special Situations Fund Limited and the Delaware-based Special Sits LP have voted
by a considerable margin to approve a three year lock-up.
The effect of the restructuring is to ensure the long-term stability of the strategy so as
to provide a better prospect for the generation of value in the underlying investments.
As of 25 September 2008, assets under management in the Special Situations
strategy were estimated to be $790 million.
The total assets under management of the Group as of 25 September 2008 were
estimated to be $4.2 billion.
In a separate initiative, RAB is moving to divisionalise its business, both to provide
better clarity on its product offering, and in response to investor requests for greater
segregation between its products. As a first step towards this the Group intends to
vest the management of its Northwest products into a separate management
company (“Newco”) which will be managed directly by George Philips and David
Rogers, who will own 49% of Newco. Under the plan Newco will be a separate
regulated entity, but with RAB holding 51% and continuing to be represented at
Board level. As at 25 September 2008 the RAB-Northwest funds represented 15% of
total RAB assets under management. The new arrangements, which are subject to
regulatory approval, do not result in a material difference to RAB’s economic interest
in the Northwest business.
Stephen Couttie, RAB Chief Executive, said:
“We are grateful that investors in RAB Special Situations have given strong support
for the restructuring proposal. The three year lock-up is the best way to secure value from their investments.”

“The Northwest team have developed a strong brand in their own right and the
product has remained distinct from RAB's offering since their acquisition in 2006.
The Board anticipates that these proposals will provide a more logical framework
from which George and David can continue to develop the business."
Enquiries:
RAB Capital plc
Marc Popiolek 020 7389 7116
Tulchan Communications
David Trenchard/Andrew Honnor 020 7353 4200
Nominated Advisor: KBC Peel Hunt
Jonathan Marren 020 7418 8900

[MFC500]

07.11.08

Petrolatina announces the following operational update.

At the Company's 2008 Annual General Meeting held on 5 August, PetroLatina set itself the ambitious target of spudding the first well in a new drilling campaign within 100 days. That well is now expected to spud by 25 November, within days of that
target.

Average production net to the Company was 280 barrels of oil per day ("bopd") for the six months ended 30 June 2008 and 183 bopd during the third quarter 2008. The decline was primarily due to the new conditions of the Tisquirama License under the
extension, and to production suspensions in the month of September to carry out maintenance works in Santa Luc?and Pressure Build Up Tests in Los Ángeles. Estimated gross production for the year remains at approximately 301,700 barrels of oil in line
with the initial 2008 production forecasts.

Capital expenditure for the second half of 2008 to date has been $10.7 million, funded from the investment made by Tribeca Oil and Gas Inc. earlier this year and cash flows generated from production. Expenditure has included investments to acquire
approximately 203 square kilometres of new 3D seismic over a number of PetroLatina's licence areas in Colombia and preparation for drilling the first well of the drilling campaign.

The budgeted $36 million of capital expenditure for the remainder of this year and 2009, will be directed primarily at completing a twelve well drill programme designed to increase production and book further reserves from the Company's existing
assets in Colombia, in the near-term.

La Paloma

The Company continued its preparations for the commencement of drilling Col?, the first exploratory well to be drilled on the La Paloma block and is pleased to announce that the required rig is now in Colombia. The Company is currently in the process
of mobilising the rig to the actual well location and expects the rig to be initated by the end of this week, with the well to be spudded by 25 November 2008. Drilling is scheduled to take 25 days at a cost of approximately $6 million.

The Col? well is expected to be drilled vertically to a total depth of approximately 9,072 feet to test the La Paz, Lisama and Umir formations. The Company retains an 80 per cent. working interest in the Col? well and is the operator.

Additionally, the Company has completed 54 square kilometres of new 3D seismic data over the block during October 2008. Processing and interpretation of the data is underway and the results are expected to be available at the end of January 2009.

The Company believes that the Col?rospect has possible recoverable reserves of up to 19.8 million barrels of oil.

Santa Lucia

The Company completed 76 square kilometres of new 3D seismic data over the Santa Lucia field in September 2008. Processing and interpretation of this data is underway and the results are expected to be available at the end of January 2009.

Los Ãngeles

The Company has reprocessed 45 square kilometres of 3D seismic data over the Los Angeles field, yet to be interpreted, and has initated a petrophysic study of all the wells. This study has been initiated with the expectation of identifying additional
well locations which are intended to be constructed and drilled during 2009.

Midas

The planned acquisition of 47 square kilometres of new 3D seismic over the Midas field has been completed on schedule and has been sent for processing and interpretation. Initial indications are that the data collected is generally of very high
quality. It is expected that the results of this data will be released by the end of the year. The Company expects to identify locations for two wells with one of them proposed to be constructed and subsequently drilled or spudded during 2009 at a cost
of approximately $4.6 million and a drilling period of 26 to 28 days.

Gaita

The Company completed interpretation of 26 square kilometres of 3D seismic data over the Gaita field. No drillable prospects were identified, and as a consequence the Company returned the block to ANH, the Colombian National Hydrocarbons Agency in
October 2008.

Serafin Gas Development

PetroLatina still awaits the legal clearance required to bring the Serafin gas well into production and hopes to receive this clearance before the end of 2008. Well ž1 was worked over in January 2007 and tested at flow rates of 14 million cubic feet
of gas per day. Gross reserves are estimated at between 5 and 6 billion cubic feet of gas in place. Commercial gas sales are currently expected to commence in the second quarter of 2009.


Juan Carlos Rodriguez, CEO of PetroLatina, commented:

"PetroLatina is poised to commence the first well in its new drill programme which should enable us to significantly increase production and booked reserves."
"To contract and mobilise a rig, complete all the preparations and spud the first well in the programme in around 100 days from outset is a commendable achievement and testament to the high quality of our operational team in Colombia. We have now
established a firm base from which to accelerate significantly our rate of progress."

http://www.sharecrazy.com/share2607share/share.php?disp=news…

[onkelen]

http://www.rigzone.com/news/article.asp?a_id=71413&rss=true


PetroLatina Wins Exploration Block in Colombia, Proposes Farm-Out Agreement
PetroLatina Wednesday, January 07, 2009


PetroLatina has announced that Colombia's hydrocarbon regulatory agency, (the Agencia Nacional de Hidrocarburos ("ANH")), confirmed on December 26, 2008, that Petroleos del Norte S.A. ("PDN"), PetroLatina's wholly owned Colombian operating subsidiary, was the successful bidder for the Putumayo-4 block in the recent Colombian licence bidding round 'Mini-Ronda 2008'.
Related Pictures

Putumayo Basin, Columbia
(Click to Enlarge)

The Putumayo-4 block covers an area of 51,333 hectares located in the Putumayo Basin of southern Colombia and has over 400km of pre-existing 2D seismic data from which PetroLatina has already identified promising leads. The Putumayo Basin is considered by ANH to be one of the most promising exploration areas in Colombia and is rapidly becoming a prolific hydrocarbon producer with companies such as Gran Tierra Energy Inc., Petrominerales Ltd. and Ecopetrol S.A. amongst others operating in the region.

Under the proposed terms of the exploration and production contract (the "E&P Contract") with ANH, PetroLatina will be required to shoot a minimum of 103km of 2D seismic data and to drill at least one exploratory well within the first three years of the work program. PetroLatina's proposal for the Putumayo-4 block also included additional work commitments, comprising US $1.6 million in additional seismic work, and a 1% net production revenue payment after royalties to ANH. The E&P Contract comprises two 3 year exploration phases and a 24 year production phase.

PetroLatina expects to finalize and sign the formal E&P Contract with ANH during the first quarter of this year.

In addition, through PDN, PetroLatina has also entered into a memorandum of understanding for a proposed farm-out agreement for the project with La Cortez Energy Inc., an early stage oil and gas exploration and production company currently focusing on the energy sector in South America. Pursuant to the terms of the proposed farm-out agreement, La Cortez will assume two-thirds of the cost of the first seismic campaign (estimated to be US $2.6 million), which will be reimbursed in full by PetroLatina should the initial exploratory well ultimately prove to be a producing well. La Cortez will also be entitled to a 50% Net Working Interest in the Putumayo-4 block. The proposed farm-out agreement is intended to be finalized shortly after signature of the E&P Contract.

Operations Update

Further to the announcement made on December 1, 2008, PetroLatina is also pleased to provide an operational update in respect of the Colon-1 exploration well.

The Company previously announced the commencement of drilling operations on Colon-1, the first exploratory well to be drilled on the La Paloma block, with an expected total drilling depth of 9,072ft in order to test the La Paz, Lisama and Umir formations. The well has to date been drilled to a total depth of 8,825ft. At 6,700ft a gas show was registered in the Eocene La Paz Formation and at 8,700ft good oil shows and gas were observed in the Cretaceous Umir Sandstones. At a depth of 8,825ft, the current drilling program had to change as a result of the overpressure zone penetrated in the Umir formation and a cement plug has now been set up in the original hole at a depth of approximately 2,275ft. A side track has been started at 2,370ft in order to reach an intended revised target depth of up to approximately 9,200ft. This side track operation is expected to result in an increase of approximately US $1.6 million in the original projected costs of US $6 million, but the Directors of PetroLatina remain encouraged by the well's progress to date.

The remaining program, including completion of the side track drilling operation to a total depth of approximately 9,200ft (about 41m from the original bottom coordinates), wireline logging and initial production testing, is expected to take a further 12 days to complete.

The Company retains an 80% working interest in the Colon-1 well and is the operator.

Juan Carlos Rodriguez, CEO of PetroLatina, commented, "PetroLatina is delighted to have secured this block in a proven hydrocarbon basin with exceptional exploration potential. The award underlines the reputation and technical abilities of our operational team in Colombia. This has been further evidenced by the proposed farm-out agreement with La Cortez which substantially reduces the exploration risk for our shareholders."

"We remain excited by the potential of the Colon-1 prospect which we believe has possible recoverable reserves of up to 19.8 million barrels of oil. We hope to be able to announce initial production testing results in the coming weeks following completion of the side-track process."

[BaronOppenSAL]

[senna7]

und noch das hier

http://www.rigzone.com/news/article.asp?a_id=75535&rss=true

[senna7]

sie lebt noch , sie lebt noch sirbt NIE la la

hört Sich doch mal wieder GUT an
LONDON (SHARECAST) - Latin America-focused oil and gas company PetroLatina Energy reduced full-year losses and said it is on track to deliver considerably increased production.

Pre-tax losses narrowed to $3.4m in the year ended 31 December compared with a loss of $8.38m last time as revenues increased by 10% to $7.8m.

“PetroLatina's ongoing drill programme has met with initial success and we are now firmly on track to deliver considerably increased production, cash flow and reserves in the near future,” said executive chairman Luc Gerard.

“Our cost saving initiatives introduced in the year will have a material impact on future profitability and we are focused on delivering significantly improved results to shareh

[onkelen]

http://de.babelfish.yahoo.com/translate_url?doit=done&tt=url…

[onkelen]

das war im märz

PetroLatina hat verkündet, dass die einleitende Technikanalyse für seine Erforschung Colon-1 gut auf dem La-Paloma-Block im mittleren Magdalena-Tal, Kolumbien jetzt abgeschlossen worden ist. Die einleitende Analyse zeigt an, dass diese neue Feldentdeckung bedeutendes Potenzial in der erwarteten Produktionsrate ausgedrückt und die Volumen des Öls entdeckt hat. Die Firma behält ein 80% Arbeitsinteresse am Colon-1 gut und ist der Operator.

Wie am 18. Februar 2009 verkündet, entdeckte die Firma das Öl 22 Grads API in einem neuen Vorratsbehälter, der kreidige Umir Sand am Colon-1 gut. Die Umir Anordnung im Mitten-Magdalena-Tal ist nicht vorher in diesem Bereich geprüft worden und wurde zwischen 8,755ft und 8,795ft angetroffen. Die Colon-1 quellen pro Tag geflossen ungefähr 1.200 Barrel Erdöle („bopd ") mit einer stabilisierten Rate auf einem Test hervor, der in 99 Stunden verlängert.

Petrophysical Analyse des Brunnens, der von den unabhängigen Experten geleitet wird, zeigt an, dass die Porosität des Öllagervorratsbehälter ungefähr 24% ist und dass die Ölsättigung ungefähr 72% ist. Der berechnete Lohn in dieser Zone ist ungefähr 40ft, von denen 29ft für die durchgeführten Tests perforiert waren. Der Anordnungsvolumenfaktor dieses Öls ist ungefähr 1.08 Standardkubikfuß pro auf lagerbehälterfaß.

Im Anschluss an der Beendigung des Flusses wurde die Prüfung des Brunnens innen während eines ausgedehnten Anhäufungszeitraums von 5.8 Tagen geschlossen. Die einleitende Analyse dieser Daten zeigt an, dass die Zone ein wenig mit einem Lagerstättendruck von ungefähr 6.200 Pfund pro Quadratzoll über-gedrückt wird und dass die berechnete Permeabilität in der Strecke 60 bis 80 millidarcies ist. Die Kombination des Überdruckes und der bescheidenen Permeabilität führt zu einen guten Produktionsindex von ungefähr 0.4 Fässern pro Tag pro lbs Inanspruchnahme. Diese Kombination scheint auch, effektiv aufräumen gut lassen zu haben, da kein Hautschaden in der Anhäufungsanalyse gedeutet wurde. Diese Faktoren, die zusammen genommen werden, schlagen vor, dass der Brunnen wahrscheinlich ist, mit einer Anfangsrate nahe der Testrate zu produzieren, die oben von bopd 1.200 gemerkt wird. Gegründet auf den Resultaten Colon-1, die bis jetzt erzielt werden, glaubt PetroLatina, dass dieses wohles Willensresultat in einer bedeutenden Erhebung zur vorhandenen Produktion der Firma, eine wichtige Handelsölentdeckung darstellt und wahrscheinlich ist, zu weiteren Erfolg auf dem mittleren Magdalena-Flächeninhalt der Firma zur rechten Zeit zu führen.

Um das entscheidende Vorratsbehälterverhalten vorauszusagen wird der Brunnen auf einen ausgedehnten Produktionsversuch gesetzt damit 180 Tage die ausführliche Sandqualität, den Vorratsbehälterumfang und die Potenzialwiederaufnahmenfaktoren festsetzen. Alle erforderlichen Unterlagen sind beim lokalen Ministerium der Gruben eingereicht worden, um diesem Test zu ermöglichen die Erlaubnis gehabt zu werden und die Firma erwartet diese Erlaubnis bewilligt zu werden.

Temporäre Produktionsanlagen werden konstruiert und es wird erwartet, dass der Brunnen auf Produktion in ungefähr 45 Tage ab jetzt gelegt wird. Das Öl bis jetzt und während, das des Testzeitraums produziert wird, hat und wird sein, gut transportiert zur Ecopetrol Verkaufsstelle bei Ayacucho ungefähr 150km von der Position Colon-1.

Re-mapping der Entdeckung Colon-1 ist jetzt im Gang, die neuen wohlen Resultate enthalten und geholfen durch die vor kurzem erworbene Qualität 3D, die vom Bereich seismisch ist. Ein vorläufiger Voranschlag der möglichen Größe der Entdeckung Colon-1 wird gebildet, wenn das Diagramm abgeschlossen worden ist. Das Diagramm wird auch durchgeführt, um zusätzliche bohrende Positionen auf dem La-Paloma-Block zum Anschluss zu definieren die Doppelpunktentdeckung.

Die Anlage, die das Colon-1 gut bohrte, wurde nachher auf die Entwicklungsbrunnenposition Los-Angeles-11 verschoben und hat bereits die gerichtete Gesamttiefe erreicht. Einleitende Resultate für den Los Angeles-11, der wohl ist, werden erwartet, um vorhanden zu sein kurz und werden zur rechten Zeit verkündet werden.

Juan Carlos Rodriguez, CEO von PetroLatina, kommentierte, „wir sich freuen, zu merken, dass die Resultate des Aufbautests des Drucks Colon-1 scheinen, unsere frühere positive Ansicht betreffend die mögliche Auswirkung von diesem auf PetroLatinas nahe Ausdruckproduktionsrate gut zu bestätigen. Dieser bohrende Erfolg nicht nur ergänzt groß, die Produktionsvolumen der Firma aber lässt auch Entwicklung des La-Paloma-Feldes zu, das einige zusätzliche viel versprechende bohrende Positionen hat. Er ergibt auch eine Zunahme der Reserven der Firma zur rechten Zeit. Die Nähe von diesem gut zu unseren vorhandenen und nicht vollständig ausgenutzten Produktionsanlagen erlaubt uns monetize diese Entdeckung kurzfristig.“

[onkelen]

nachrichten april

PetroLatina hat positive Ergebnisse für seinen vor kurzem gebohrten Entwicklungsbrunnen Los-Angeles-11 neben einem allgemeinen Update auf seinem laufenden bohrenden Programm verkündet.
Höhepunkte

* Los Angeles-11 geholt in Produktion mit einer Rate von bopd ungefähr 220.
* Maschinenbordbuchdeutung auf dem Brunnen zeigte 217ft von Nettoöllohn im Primärziel an.
* Öl prüfte auch an einem tieferen Sekundärziel, das die Reserven des Feldes schließlich erhöhen sollte.
* Wohle bohrende Kosten US $2.6 Million waren erheblich unten geplante Kosten.
* Los Angeles-12 ist bis 8,000ft (Zieltiefe von 7,700ft) gebohrt worden und ist z.Z. unter Auswertung.
* Colon-1 quellen balanciert, um auf Produktion mit einer Rate von bopd ungefähr 1.200 zu kommen hervor.
* In den kommenden Wochen gebohrt zu werden Entwicklung Los-Angeles-14 gut.

Los Angeles-11, innen gebohrt dem Los- Angelesfeld, gelegen im mittleren Magdalena-Tal, Kolumbien war ein erfolgreicher Entwicklungsbrunnen, der, zusätzlich zu Produktion von den hergestellten untereren Lisama Sanden wie vorgesehen zur Verfügung stellen, Öl von den tieferen basalen Lisama Sanden prüfte. Er wurde am 17. Februar 2009 gebohrt und eine gemessene Gesamttiefe von 7,217ft elf Tage später am 28. Februar 2009 erreichte. Der Brunnen wurde an einer Position zwischen den vorhandenen Los Angeles-5 und 6 Brunnen gebohrt. Der Los Angeles-5 gut, z.Z. pro Tag produzierend mit einer Rate von 60 Barrel Erdölen („bopd "), hat bis heute produziert ungefähr 1 Million Barrel Erdöle („Fässer“) da es 1986 gebohrt wurde. Der Los Angeles-6 gut, z.Z. produzierend mit einer Rate von bopd 100, hat bis heute produziert ungefähr 1.1 Million Fässer, da es auf Produktion 1988 eingesetzt wurde. Die Firma behält ein 40-Prozent-Arbeitsinteresse am Los Angeles-11 gut und ist der Operator.

Die Protokollierung des Los Angeles-11 bestätigte gut PetroLatinas Deutung, dass die Primärziel untereren Lisama Sande anwesendes und Öllager sein würden. Maschinenbordbuchdeutung zeigte an, dass der Brunnen 217ft von Nettoöllohn im Abstand von 6,750ft bis 7,012ft enthielt.

Vier wichtige Resultate wurden vom Los Angeles-11 gut, nämlich erzielt:

1. Die Stärke des Nettolohns war größer als die, die in den Versatzbrunnen angetroffen wurde. Vorhergehende Brunnen bohrten innen das Feld waren perforiert und produziert aus ungefähr 120ft bis 130ft von Nettoöllohn, während der Los Angeles-11, der wohl ist, über einem Abstand von 217ft von Nettoöllohn perforiert war. Es wird vorweggenommen, dass dieses ergeben zur rechten Zeit ein Aufsteigen in den geschätzten wieder gutzumachenden Erdölreserven für das Feld wird.

2. Der zusätzliche Nettoöllohn im Los Angeles-11 quellen einschloß eine 32ft Zone unter dem traditionellen untereren Lisama Vorratsbehälter hervor. Diese Zone, die als die kreidige tertiäre Übergangszone bekannt, war gesehen worden, in vorhergehende Brunnen aber wurde nicht geprüft. In Los Angeles-11 dieser Abschnitt, isoliert geprüft, produziertes Öl der etwas niedrigeren Schwerkraft (18 Grad API-) als die traditionellen untereren Lisama Sande (13 Grad API-).

3. Das gut produzierte mit einer höheren Rate, als erwartetes pre-drilling war. Andere nahe gelegene Brunnen im Bereich produzieren z.Z. in der Strecke bopd 60 bis 100, während der wohle Los Angeles-11 auf Produktion mit einer Rate von bopd ungefähr 200 gesetzt worden ist. Der Effekt auf die Gesamtlos- angelesfeldrate ist dadurch bedeutend, dass die Rate vor Bohrung von Los Angeles-11 das bopd 430 war, das grob ist (PetroLatinas Anteilnetz aller Abgaben, die bopd 138 sind) während die gegenwärtige Feldrate das grobe bopd ungefähr 630 ist (das 202 bopd Netz zu PetroLatina).

4. Eine bedeutende Kostenaufstellung wurde im Verhältnis zu der Bohrung der vorhergehenden Brunnen erzielt. Dieses gut, das erwartet wurde, um der Firma US $3.3 Million zu kosten, wirklich Kosten US $2.6 Million. Bereits diese bedeutende Verkleinerung in bohrenden Kosten im Bereich, verglichen mit den Kosten, die einem Jahr vor erfahren werden, wird erwartet, um die Feldentwicklungsvolkswirtschaft zu verbessern.

Im Anschluss an der Beendigung vom bohrenden, gut loggend, wurden Gehäuse und die Perforation des Los Angeles-11, die Ölplattform, Latco 1, vom Aufstellungsort freigegeben und gut transportiert zur Position Los-Angeles-12 und zu einer Service-Anlage bewog sich in Position, um Prüfungsbetriebe zu leiten und die Produktion gut an zu setzen.

Der wohle Los Angeles-12 ist jetzt zu einer Gesamttiefe von 8,000ft (Zieltiefe von 7,700ft) gebohrt worden und ist z.Z. unter Auswertung. Eine weitere Ansage wird zur rechten Zeit einmal gebildet, dass Auswertungsprozeß abgeschlossen worden ist.

Nach Auswertung des Los Angeles-12 gut, wird das Latco 1 Anlage dann auf die Entwicklungsbrunnenposition Los-Angeles-14 verschoben, die als gebohrt werden soll gut abgewichen worden von der Oberflächenposition Los-Angeles-11. Der Gebrauch einer bestehenden wohlen Auflage wird erwartet, um die Kosten von die Entwicklung Los-Angeles-14 gut bohren zu verringern.

Zusätzlich PetroLatinas ist Colon-1 gut, das, wie vorher verkündet worden, mit einer Rate von bopd ungefähr 1.200 prüfte, jetzt nah an auf wirtschaftlich lohnende Produktion gesetzt werden. Die Feldanlagen sind jetzt komplett und Produktion fängt an, sobald ein abschließender Rohöl-Kaufvertrag vereinbart worden ist. Einige Parteien haben vorgeschlagen, dass die Colon-1 Erdölgewinnung und die abschließenden Vermittlungen kaufend, im Gang seien Sie. Die Anfangsproduktionresultate für das wohle Colon-1 werden zur rechten Zeit verkündet.

Juan Carlos Rodriguez, CEO von PetroLatina, kommentierte, „der Erfolg an Los Angeles-11 hat erhöht Produktionsrate dieses Feldes erheblich. Der Entwicklungsbrunnen Los-vor Angeles-11 war zu PetroLatina wichtig dadurch, dass er prüfte, dass wir Brunnen in diesen Bereich an beträchtlich preiswerterem, als bohren könnten erwartet wurde und nur einem Jahr erfuhr, und es sollte Reserven dem Feld resultierend aus der Erdölgewinnung in den Öllagersanden oben prüfen unter dem vorher bekannten untereren Lisama Vorratsbehälter auch schließlich hinzufügen.

„Wir fahren fort, unsere Strategie von der Firma unter ausgenutzte Anlagegüter in volle Produktion schnell vorher holen auszuüben und während so sich freuen, die Beendigung des Drittels im Programm der gegenwärtigen Arbeit gut zu verkünden.“

[onkelen]

nochmal die vom 21. mai

PetroLatina, eine unabhängige Öl- und Gaserforschung, Entwicklung und die Produktionsfirma, die auf Lateinamerika gerichtet wird, verkündet seine revidierten Endergebnisse für das Jahr beendet 31. Dezember 2008.
Finanzhöhepunkt

* Einkommen erhöht um ungefähr 10% bis $7.8 Million (2007: $7.1 Million)
* Bruttogewinn erheblich erhöht bis $3.4 Million (2007: $0.2 Million)
* Verlust nach der Steuer verringert 51% bis $3.9 Million (2007: $8.0 Million)
* Fehlbetrag je Aktie von $0.120 (2007: $0.345)
* Investition der Billigkeit $25 Million gesichert bei 86 Pennys pro Anteil
* Bargeld am Jahresende von $2.7 Million (2007: $3.5 Million)

Betriebshöhepunkte

* Neues betrieblich fokussiertes Führungsteam gebildet
* Erstes gut im neuen minimalen bohrenden Programm mit sechs Brunnen gebohrt
* Sprach den Block Putumayo-4 in der kolumbianischen Lizenz zu, die bietet ringsum „Mini-Ronda 2008“

Pfosten-Bilanz-Ereignisse

* Tochtergesellschaft eines vorhandenen erheblichen Aktionärs unterzeichnete für $4.875 Million von gesicherten umwandelbaren Darlehensanmerkungen, mit einer Wahl, um für bis weiteres $5 Million zu unterzeichnen
* Erste Erforschung gut am La Paloma, Colon-1, prüfte erfolgreiches. Produktion, zum in mid-2009 mit einer erwarteten Rate des bopd ungefähr 1.200 zu beginnen grob
* Entwicklung Los-Angeles-11 prüfte gut erfolgreiche und begonnene Produktion mit einer Rate von bopd ungefähr 220
* Entwicklung Los-Angeles-12 bohrte gut bis 8,000ft (Zieltiefe 7,700ft) und z.Z. auswertend
* RZA Rohrleitungdurchsatz stieg erheblich in das erste Viertel von 2009 berechnenbopd 4.041, eine 33% Zunahme in dem vorherigen Jahr

Aussicht

* Laufendes Bohrgerätprogramm erwartete, Produktion, Bargeldumlauf und Reserven erheblich zu erhöhen
* Erste Handelsgasverkäufe vom Serafin Erdgasfeld erwarteten, in Q4 2009 zu beginnen
* Vorweggenommene anhaltende Zunahme des RZA Rohrleitungdurchsatzes
* Die Bohrung mindestens weiteren 3 Brunnen erwartete, durch das Jahresende begonnen zu haben, welches die Gesamtzahl Brunnen holt, bohrte innen Kampagne 2008-2009 bis 7.

Luc Gerard, der Executivvorsitzende von PetroLatina, kommentiert, „PetroLatinas laufendes Bohrgerätprogramm hat Anfangserfolg getroffen und wir sind jetzt fest auf der Schiene, zum der beträchtlich erhöhten Produktion, des Bargeldumlaufs und der Reserven zu liefern in naher Zukunft. Unsere Kosteneinsparunginitiativen, die im Jahr eingeführt werden, haben eine materielle Auswirkung auf zukünftige Rentabilität und wir werden gerichtet auf das Liefern der erheblich verbesserten Resultate an Aktionäre 2009 und jenseits.“
Aussage des Vorsitzenden

Ich freue mich, über ein Jahr des beträchtlichen Fortschritts für die Firma zu berichten, die eine bedeutende Umwandlung durchgemacht hat. Das umstrukturierte Führungsteam, das am Sommer von 2008 ernannt wird, hat mit einer angestrebten Strategie gebegonnen: zentrale Betriebskosten schnell verringern; Sichern der langfristigen Zukunft der Betriebslizenzen der Gruppe; Gewährleistung des Zugangs zur genügenden Finanzierung; und ein neues Bohrgerätprogramm beginnend.

Einkommen während des Zeitraums nahmen um ungefähr 10% bis $7.8 Million (2007 - $7.1 Million) unterstützt durch den höheren Ölpreis während viel des Jahres zu. Durchschnittliche Nettoerdölgewinnung von 244 Barrel Erdölen pro Tag („bopd“) (bopd 2007 - 314) war etwas niedriger als letztes Jahr, aber in Übereinstimmung mit den Erwartungen wegen der Firma, die vermittelte das Arbeits verringert wurde, das Interesse, das die Lizenzverlängerungsausdrücke abstammt, im Mai 2008. Als Ausgleich sicherte PELE die Tisquirama Lizenz für das Wirtschaftsleben der Felder.

Bruttogewinne erhöhten sich erheblich auf $3.4 Million (2007 - $0.2 Million) und den Verlust, bevor Steuer um ungefähr 52% bis circa $4 Million verringert wurde (2007 - $8.4 Million) und reflektierten Tätigkeiten des Managements, um die zentralen Unkosten und laufenden die Kosten der Firma zu verringern.

Außerdem gab es einige groß einmalige Kosten einschließlich eine (2007 - $2.904.000) Gebühr $1.712.000 in Bezug auf Anteil gegründete Zahlungen in Bezug auf die gegenwärtigen und abgehenden Direktoren und eine Gebühr $946.000 nach der Auslieferung der Gaita Lizenz zu Kolumbiens Agencia Nacional de Hidrocarburos („ANH“). Die Kostenaufstellungmasse und das Fehlen solchen einmaligen Gebühren in den zukünftigen Jahren sollten dienen, die Rentabilität der Gruppe neben einer vorweggenommenen Anhäufung im Niveau der Produktion zu erhöhen.

Im Juli 2008 wurde die Firma erfolgreich über eine bedeutende Investition der Billigkeit $25 Million von Tribeca Oil & Gas Inc. („TOGI“), eine MappenInvestmentgesellschaft von Tribecapital Partners S.A. („Tribeca“), ein kolumbianisches privates Billigkeitsunternehmen neu finanziert. Diese Investition, an einer bedeutenden Prämie zum damaligen maßgeblichen Marktanteilpreis, diente, die Zukunft der Firma zu sichern und ermöglichte uns, den Anfang unseres geplanten Arbeitsprogramms der Erforschung- und Schätzungsbrunnen zu finanzieren, während alle hervorragende Drittparteiverschuldung auch, zurückziehend. Die Gruppe hat z.Z. Zugang zu den genügenden Finanzquellen, zum seiner Arbeitskapitalanforderungen für den Rest von 2009 zu genügen, aber es wird erwartet, dass zusätzliche Finanzierung zur rechten Zeit angefordert wird, um unser gesamtes geplantes Arbeitsprogramm zu beenden. Am Zeitraumende hatte die Firma Bargeld- und Bargeldäquivalente von $2.7 Million (2007 - $3.5 Million).

Bei der jährlichen Generalversammlung gehaltenes im August 2008, erklärten wir unsere Absicht, unser neues bohrendes Programm innerhalb 100 Tage zu beginnen und folgten nachher, mit, unser erstes Probebohrung zu bohren, Colon-1, auf dem La-Paloma-Block im mittleren Magdalena-Tal, Kolumbien im November 2008.

Wir zielen z.Z. darauf ab, ein Minimum von sechs Brunnen über unseren drei kolumbianischen Lizenzbereichen während 2009 zu bohren und guten Fortschritt gebildet zu haben, wenn wir diese Zielsetzung erzielen. Unser Gesamtplan ist zu suchen, Produktion und Bargeldumlauf beträchtlich zu erhöhen und weiter entwickelt und bringt die Reserven der Firma durch unser laufendes bohrendes Programm in den Handel.

Der durchschnittliche Durchsatz in PELE insgesamt besessener RZA Rohrleitung verringert durch das bopd 8.9% bis 2.696 wegen eines Rückgangs der Produktion an den Feldern Rio-Zulia und Tibu, aber ist erheblich seit dem Zeitraumende gestiegen. Durchsatz für das erste Viertel von 2009 berechnete 4.041 bopd, eine 33% Zunahme in dem vorherigen Jahr.

In spätem Dezember 2008 wurde es bestätigt, dass die Firma der erfolgreiche Bewerber für den Block Putumayo-4 in der kolumbianischen Lizenz war, die ringsum „Mini-Ronda 2008“ bietet. Der Block Putumayo-4 deckt einen Bereich von 51.333 Hektars ab, die im Putumayo Bassin von Südkolumbien gelegen sind und hat über 400km von bereits bestehenden 2D seismischen Daten, von denen PELE bereits versprechende Bleiarten identifizierent hat. Das Putumayo Bassin wird durch ANH betrachtet, einer der viel versprechendsten Erforschungbereiche in Kolumbien zu sein und schnell einem reichen Kohlenwasserstoffproduzenten steht. Im Januar 2009 verkündete die Firma, dass sie an einer Vereinbarung für eine vorgeschlagene Bauernhof-heraus Vereinbarung für das Projekt mit La Cortez Energy Inc. teilgenommen hatte („La Cortez“). Die Firma ist bei dem Beenden der Ausdrücke dieser Anordnung.

Anfangshandelsgasverkäufe werden jetzt erwartet, um von unserem Serafin Erdgasfeld im vierten Quartal von 2009 zu beginnen und bieten die Aussicht des starken kurzfristigen Bargeldumlaufs und der ökonomischen Rückkehr an. PELE hat ein 25% Interesse am Projekt.
Entwicklungen geben das Zeitraumende bekannt

Es hat einige bedeutende Ausführungen seit dem Zeitraumende gegeben, das eine positive Auswirkung auf Produktionsvolumen und -Finanzergebnisse des laufenden und zukünftigen Jahres haben sollte.

Im Januar 2009 unterzeichnete eine Tochtergesellschaft von TOGI für $4.875 Million von gesicherten umwandelbaren Darlehensanmerkungen mit einer Option, um für bis weiteres $5 Million zu unterzeichnen, die, hat schon ausgeübt zu werden. Wir wurden mit Tribecas anhaltender Unterstützung für die Firma, gegen einen schwierigen Hintergrund der beträchtlichen globalen ökonomischen Ungewissheit erfreut, der uns ermöglichte, Momentum auf unserem Arbeitsprogramm beizubehalten.

Im Februar 2009 verkündeten wir erfolgreiche Vorversuchresultate für unser Colon-1 Probebohrung am La Paloma, in dem die Firma ein 80-Prozent-Arbeitsinteresse behält und der Operator ist. Das Colon-1, das wohl ist, wurde zu einer abschließendes Gesamtgemessenen Tiefe von 9,125ft gebohrt und wird erwartet, zur Produktion in mid-2009 mit einer Rate des groben bopd ungefähr 1.200 an geholt zu werden. Insgesamt ungefähr 6.000 Fässer waren bereits am April 2009 extrahiert worden.

Im April 2009 wurden weitere positive Ergebnisse von unserer Entwicklung Los-Angeles-11 gut, das zweite gut in unserem gegenwärtigen bohrenden Programm erzielt. Los Angeles-11 wurde in Produktion mit einer Anfangsrate von bopd ungefähr 220 mit der Maschinenbordbuchdeutung geholt, die 217ft von Nettoöllohn im Primärziel anzeigt und z.Z. bopd ungefähr 170 produziert. Öl wurde auch an einem tieferen Sekundärziel geprüft, das schließlich dienen sollte, des Feldes zu erhöhen, das Reserven berichtet wird. Es wurde auch im April, dass unser Drittel gut, Los Angeles-12, bereits bis 8,000ft gebohrt worden war (Zieltiefe von 7,700ft) verkündet und Auswertung durchmachte.
Aussicht

Das Brett hat jetzt einen größeren Betriebsfokus und ich glaube stark, dass PELE gut gesetzt wird, um auf seinem frühen bohrenden Erfolg zu errichten, während es fortfährt, sein Entwicklungsprogramm in Kolumbien trotz der gegenwärtigen schwierigen globalen makroökonomischen Umwelt auszuüben. Obgleich die Gruppe zusätzliche Kapital sichern muss, um sein gesamtes geplantes Arbeitsprogramm zu beenden, werden seine Arbeitsverpflichtungen für den Rest von 2009 finanziert und mit einem positiven Betriebsbargeldumlauf und freien einem Investitionsplan an der richtigen Stelle glauben wir, dass PELE jetzt fest auf Schiene zum Erzielen beidem erhöhte Produktion und Reserven ist. Der Nutzen unserer Kosteneinsparunginitiativen, eingeführt zur Hälfte erste von 2008, sollte in unseren Resultaten für das laufende Geschäftsjahr sogar offensichtlich sein und sollte die zukünftige Rentabilität der Gruppe erhöhen.

Ich möchte unseren Aktionären danken und Angestellte für ihre Geduld und Unterstützung während des Umstrukturierungzeitraums und überzeugt zu bleiben, den ihre Loyalität als PELE vergütet wird, fängt an, sein zutreffendes Potenzial zu verwirklichen. Die Brettblicke vorwärts zum Berichten über weiteren Fortschritt während des Restes von 2009.

[KaOzz]

PELE kommt ja langsam in Schwung

[knarfs]

Antwort auf Beitrag Nr.: 37.261.848 von KaOzz am 27.05.09 13:38:18

wird ja auch Zeti, dass unsere Perle wieder in Schwung kommt.
Bin jetzt endlich wieder im grünen Bereich mit ihr.

[senna7]

bei mir dauert es leider noch ein ganzes Stück bis zum Break Even - trotzdem gut das ich Sie behalten habe

[knarfs]

News vom 01.06.09 -> Quelle: http://www.petrolatinaenergy.com/



Annual Report and Accounts & Notice of AGM

PetroLatina Energy Plc (“PetroLatina” or the “Company”)

2008 Annual Report and Accounts Posted
and Notice of Annual General Meeting

PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company focused on Latin America, announces that its Annual Report and Accounts for the year-ended 31 December 2008 have today been posted to Shareholders and will shortly be available to download from the Company’s website, www.petrolatinaenergy.com.

The Company has also today posted a circular (the “Circular”) to its shareholders convening an annual general meeting of the Company (“AGM”) to be held at 11.00 a.m. on 23 June 2009.

At the AGM it is intended, inter alia, to seek shareholder approval for a proposed capital reorganisation and the granting of authority to the Directors to allot equity securities, without offering those equity securities pro rata to existing shareholders, up to an aggregate nominal amount of 60,000,000 New Ordinary Shares. The Board considers that it is in the best interests of the Company and its shareholders generally, that the Directors should have the flexibility conferred by such authorities.

On 21 January 2009, the Company announced that Tribeca Oil and Gas Financing, Inc., a subsidiary of Tribeca Oil and Gas, Inc. an existing substantial shareholder in the Company, had agreed to subscribe for up to a proposed US$9.875 million, in aggregate, of 12 per cent. convertible secured loan notes 2011.

The Notes are currently secured by the Company’s wholly owned subsidiary, PetroLatina (CA) Limited, which granted TOGF a pledge over its entire shareholding in RL Petroleum Corporation (a Panamanian Company). This security will be automatically released by TOGF on the earlier of (i) conversion or redemption of all outstanding Notes and/ or (ii) the proposed Capital Reorganisation becoming effective. Only the first tranche of US$4.875 million of the notes has been subscribed for to date. The proceeds from the issue of the first tranche of the Notes were used to fund certain capital expenditure commitments in respect of the Company’s ongoing work programme in Colombia and for general working capital purposes.

As the conversion price in respect of the first tranche of the Notes of 20.9375 pence is less than the current nominal value of an Ordinary Share of US$0.50 (approximately 31 pence at the prevailing pounds sterling to US dollars exchange rate), the Company is currently prohibited by the Act from issuing new shares to TOGF if it was to elect to convert its holding of Notes. Accordingly, in compliance with the terms of the Loan Note Instrument, the Company is seeking approval for the Capital Reorganisation in addition to the other resolutions to be proposed at the AGM. Implementation of the Proposals will reduce the nominal value of an Ordinary Share to a more appropriate level such that the Notes will then be capable of conversion at TOGF’s option and all security granted to TOGF can be relinquished.

The Directors propose to structure the Capital Reorganisation as follows:

1. to subdivide and reclassify the 43,888,569 Ordinary Shares in issue, at the Record Date, into 1 (one) New Ordinary Share of US$0.10 and 4 (four) New Deferred B Shares of US$0.10 each; and

2. to subdivide and convert the 36,111,431 existing authorised but unissued Ordinary Shares into 5 (five) New Ordinary Shares of US$0.10 each.

The sub-division is structured in order not to dilute the existing shareholdings in the Company and since all ordinary shareholdings in the Company will be subject to the Capital Reorganisation, Shareholders’ percentage holdings in the issued share capital of the Company will remain unchanged. The rights attaching to the New Ordinary Shares will, save for the change in nominal value, be identical in all respects to those of the existing Ordinary Shares.

The New Deferred B Shares created on the Capital Reorganisation becoming effective will have no practical economic value as they will not be listed or traded on AIM, will be non-voting, will carry no right to a dividend and will be subject to eventual redemption by the Company for a nominal amount. No share certificates will be issued in respect of the New Deferred B Shares nor will CREST accounts of Shareholders be credited in respect of any entitlement to New Deferred B Shares, no application will be made for their admission to trading on AIM and they will not be dealt in on any stock exchange.

Application will be made for the New Ordinary Shares in issue immediately following the Capital Reorganisation to be admitted to trading on AIM. Subject to the Capital Reorganisation becoming effective, it is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 24 June 2009.

The AGM will be held at 11.00 a.m. on Tuesday 23 June 2009 at the offices of Strand Partners Limited, 26 Mount Row, London W1K 3SQ. Pursuant to the AIM Rules for Companies, a copy of the Circular incorporating a notice of AGM will shortly be available to download from the Company’s website at: www.petrolatinaenergy.com.

The expected timetable of principal events is summarised below:

Latest time and date for receipt of Forms of Proxy 11.00 a.m. on 21 June 2009

AGM 11.00 a.m. on 23 June 2009

Record date for the Capital Reorganisation close of business on 23 June 2009

Admission effective and dealings in the New Ordinary Shares expected to commence on AIM 8.00 a.m. on 24 June 2009


Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Circular to shareholders of the Company dated 1 June 2009.

Enquiries:

PetroLatina Energy Plc
Juan Carlos Rodriguez, Chief Executive Officer Tel: [phone]
Pawan Sharma, Executive Vice President - Corporate Affairs Tel: [phone]

Strand Partners Limited
Simon Raggett / Matthew Chandler Tel: [phone]

Financial Dynamics
Ben Brewerton / Susan Quigley Tel: [phone]


Additional Information on PetroLatina Energy Plc:
PetroLatina Energy Plc (AIM: PELE), formerly known as Taghmen Energy Plc, was founded in 2004. The Company is presently focused on Colombia after the sale of its assets in Guatemala in which it retains a 20% interest in the first three wells and a 20% working interest in future wells. In Colombia, the Company currently holds 45% and 20% interests in the Los Angeles and Santa Lucía fields on the Tisquirama licence respectively, and a 100% interest in the Doña María field. In November 2007 the Company secured the extension of the Tisquirama licence for the economic life of the fields. In April 2006 the Group acquired an interest in two exploration blocks with an 85% interest in Midas and an 80% interest in La Paloma. PetroLatina also owns the Río Zulia-Ayacucho pipeline in the prolific Catatumbo basin which transports crude oil. Present exploration/exploitation activities in this area should increase the volume of crude oil transported resulting in an increased cash flow. Further information is available on the Company’s website (www.petrolatinaenergy.com).

[senna7]

es geht weiter aufwärts

[knarfs]

Antwort auf Beitrag Nr.: 37.305.807 von senna7 am 02.06.09 21:12:15

sieht wohl gerade eher nach kleiner verschnaufpause aus

wo seht ihr das kursziel fürs jahresende?

[senna7]

wird schon noch werden

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_i…

[knarfs]

Gute Neuigkeiten!!

http://www.petrolatinaenergy.com/news.php?n=156&o=

[KaOzz]

(noch was von letzter woche)

Petrolatina Energy Starts Turning Its Colombian Drilling Into Genuine Production

September 10, 2009

UK-based Petrolatina Energy now maintains a tight focus on Colombia after watering down its other assets in Guatemala.This is a well trodden oil country, of course, but not always one that is easy to unlock, as others have found out.

UK-based Petrolatina Energy now maintains a tight focus on Colombia after watering down its other assets in Guatemala.This is a well trodden oil country, of course, but not always one that is easy to unlock, as others have found out.

But it appears to be a strategy that is paying off. The company is currently busy drilling a multi-well programme across its Colombian portfolio, which includes a mix of known oil fields and exploration potential. So far these wel

[KaOzz]

this one is contiuously ramping up

[onkelen]

RNS Number : 1986Z
Petrolatina Energy PLC
16 September 2009




16 September 2009



PetroLatina Energy Plc

('PetroLatina' or the 'Company')


Colon-2 Development Well Update


Colon-2 development well flows oil at a substantial rate and confirms that the Colon discovery has considerable potential


PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company focused on Latin America, announces that the Colon-2 well, on the La Paloma block, is now on test and is currently flowing oil at a substantial rate.


Highlight:

*
The Colon-2 development well has been placed on a production test and is producing oil at an average rate of 664 barrels of oil per day ('bopd') on a restricted choke over the first three days of testing.


Juan Carlos Rodriguez, Chief Executive of PetroLatina, commented:

'The success of PetroLatina's Colon-2 development well is most encouraging in that it not only provides the Company with increased short term cash flow, but also sets the stage for a full scale development of the Colon field discovery.'



Colon-2 - La Paloma Block


As previously announced, the Colon-2 well, the first appraisal well to be drilled following the Colon-1 discovery earlier this year, and located about 0.25 miles (450 metres) north of that well, has been successfully drilled to a total measured depth of 9,300ft, logged, cased and cemented. Colon-2 found the same oil bearing pay zone as that found to be oil productive in Colon-1, only 12ft structurally lower to that well. This was somewhat higher than the pre drill estimate and essentially serves to confirm the field maps and provide for a slightly more optimistic interpretation of oil in place than in the past. Those field maps, based on the high quality 2008 3D seismic survey, are therefore considered to be reliable.


The net oil pay thickness in the primary target in Colon-2 was essentially the same as in Colon-1 confirming that this reservoir has considerable potential. In addition to the specific Umir pay sand discussed above, the Colon-2 well found and tested oil from additional pay in a sand 300ft deeper than that which produced oil in Colon-1. Colon-2 also encountered oil pay, based on log interpretation, in an Upper Umir sand, also believed to be oil bearing but not tested in Colon-1.


The main Umir sand pay zone was cored throughout and the core is currently being analysed to provide accurate porosity and permeability data for reservoir modeling purposes and the recalculation of reserve volumetrics.


The primary target Umir sand in Colon-2, as well as the deeper sand noted above, were perforated over the interval 8,774 to 8,812ft (38ft net) and 9,015 to 9,032ft (17ft net) respectively and testing of the well commenced on 8 September 2009. The well was flowed at an average rate of 664 bopd through a restricted choke between 8 to 16/64th over the initial three days of testing. Essentially no water was being produced at the end of this period confirming that both of the two zones under test are oil bearing. The flow rate and flowing pressures were stable at the end of the test period and the well continues to flow and the cumulative production to 14 September 2009 was 3,138 barrels of oil.


The oil produced from Colon-2 is being trucked to the Ecopetrol S.A. receiving station at Ayacucho and sold under the same terms as those which apply to the Colon-1 oil production.


The Colon-2 well was drilled on the La Paloma Block in which the Company holds an 80% interest. This block is held under the same attractive terms from the Agencia Nacional de Hidrocarburos ('ANH') as those outlined previously for the Midas block whereby the royalty is 8%, no 'high price' or 'windfall profits' formula applies until 5 million barrels have been produced and there is no state back in right. As such, each barrel of oil produced in this block is approximately three times as valuable to the Company, in terms of net cash flow, as a barrel produced from one of the Company's traditional fields such as Los Angeles.


Mr Menno Wiebe, a Non-executive director of the Company, has reviewed and approved the technical information contained within this announcement in his capacity as a qualified person, as required under the AIM rules. Mr Wiebe is a Petroleum Geologist and has been a Member of the American Association of Petroleum Geologists for more than 25 years and a Member of the Geological Society for more than 5 years.


Enquiries:


PetroLatina Energy Plc

Juan Carlos Rodriguez, Chief Executive Officer



Tel: [phone]

Pawan Sharma, Executive Vice President - Corporate Affairs


Tel: [phone]





Strand Partners Limited



Simon Raggett / Matthew Chandler


Tel: [phone]





Financial Dynamics



Ben Brewerton / Susan Quigley


Tel: [phone]


Additional Information on PetroLatina Energy Plc:


PetroLatina Energy Plc (AIM: PELE), formerly known as Taghmen Energy Plc, was founded in 2004. The Company is presently focused on Colombia after the sale of its assets in Guatemala in which it retains a 20% interest in the first three wells and a 20% working interest in future wells. In Colombia, the Company currently holds 45% and 20% interests in the Los Angeles and Santa Lucía fields on the Tisquirama licence respectively, and a 100% interest in the Doña María field. In November 2007 the Company secured the extension of the Tisquirama licence for the economic life of the fields. In April 2006 the Group acquired an interest in two exploration blocks with an 85% interest in Midas and an 80% interest in La Paloma. PetroLatina also owns the Río Zulia-Ayacucho pipeline in the prolific Catatumbo basin which transports crude oil. Present exploration/exploitation activities in this area should increase the volume of crude oil transported resulting in an increased cash flow. Further information is available on the Company's website (www.petrolatinaenergy.com).

[onkelen]

NS Number : 9313Z
Petrolatina Energy PLC
30 September 2009





30 September 2009

PetroLatina Energy Plc

('PetroLatina' or 'the Company')


Interim Results for the six months ended 30 June 2009


PetroLatina delivers maiden interim profit before tax

Drill programme's 100% success rate to date will significantly increase production and reserves


PetroLatina, the oil and gas exploration and production company focused on Latin America, announces its unaudited interim results for the six months ended 30 June 2009.

Financial Highlights

*
Revenues remained constant at $4.5 million
*
Operating profit increased by 109% to $571,000 (2008: $273,000)
*
Maiden interim profit before tax of $99,000 (2008: loss of $408,000)
*
Basic earnings per share of $0.004 (2008: loss per share of $0.016)
*
First and increased second tranche of a convertible loan note for, in aggregate, $11.165 million secured from a subsidiary of existing substantial shareholder Tribeca Oil & Gas Inc, of which $9.875 million was subscribed during the period under review
*
Total current liabilities of $28.7 million (including $9.875 million in respect of the convertible loan note)
*
Cash at period end of $4.2 million

Operational Highlights

*
Average production increased 222% to 902 bopd net (2008: 280 bopd net)
*
RZA pipeline average throughput increased by 17% to 3,669 bopd (2008: 3,134 bopd)
*
The La Paloma block's first exploration well, Colon-1, proved successful. Total gross production over the 44 days to 30 June 2009 was 32,499 barrels at an average rate of approximately 739 barrels per day. Total gross production over the 95 days to 31 August 2009 was 55,931 barrels at an average rate of approximately 589 barrels per day.
*
o

Well results and recent 3D seismic are being used to re-map and determine the size of the discovery
*
The Tisquirama Field saw three successful development wells drilled:
*
o

The Los Angeles-11 and Los Angeles-14 are both on stream. The gross production of Los Angeles 11 to 30 June 2009 was 13,993 barrels at an average rate of 178 barrels per day and to 31 August 2009 was 23,539 barrels at an average rate of 177 barrels per day. The gross production of Los Angeles 14 to 30 June 2009 was 13,994 barrels at an average rate of 203 barrels per day and to 31 August 2009 was 14,705 barrels at an average production rate of 191 barrels per day.
o

The Los Angeles-12 exploration well was producing from the Umir sand at an average rate of 57 bopd but was shut-in in August for a frac job. That frac job has subsequently proved to have been only partially successful. Production briefly increased to an average gross rate of 120 barrels per day before falling back to near the pre frac rate. An economic evaluation is therefore currently underway to determine whether it is more advantageous to produce the Umir sand, which has a relatively low production rate but in which the Company holds a larger interest, or whether a better financial result would be obtained by switching production to the oil bearing Lower Lisama formation which is expected to produce at approximately 200 barrels per day gross but in which the Company has a lower interest.

Post Period End Highlights

*
Chuira-1, the first exploration well on the Midas block, successfully logged and tested two pay zones. Production in this well decreased from 280 bopd to 40 bopd between 22 July 2009 and 25 August 2009 due to interpreted plugging of the producing perforations by either barite settling or gilsonite plugging and, for that reason a workover was planned to remove this restriction. The service rig is currently on location and the workover is expected to be completed within two weeks.
*
The Colon-2 development well at La Paloma, adjacent to the Colon-1 discovery, has recently been completed and placed on a production test at an average rate of 664 bopd

Ongoing Work Programme

*
Continued development of the Los Angeles field with two further development wells planned this year
*
The work over of the Chuira-1 discovery well is now in progress
*
A further exploration well (Llamador-1) is planned on the La Paloma block once the location has been determined
*
A second exploration well (Zoe-1) is planned on the Midas block in November
*
Putumayo-4 continues to be in a planning and programme design stage for seismic acquisition
*
The Serafín gas project is now expected to come on stream in the first quarter of 2010
*
An updated independent reserves report has been commissioned and is expected to be completed by the year end

Luc Gerard, Executive Chairman of PetroLatina, commented:


'2009 will be the busiest year for development and exploration activity in PetroLatina's history. With the drilling of at least eight wells planned for 2009 and a 100% success rate achieved for the six wells drilled to date, we are on track to deliver significantly increased production and reserves.


'Despite the lower oil price we are delighted to report a maiden pre-tax profit and expect profitability to continue to improve reflecting both increasing production and reduced corporate and operating costs.


'Our strategy now is to use the cash flow generated from production to progress those projects with the potential to provide the quickest returns.'



Enquiries:

PetroLatina Energy Plc

Juan Carlos Rodriguez, Chief Executive Officer

Pawan Sharma, Executive Vice President - Corporate Affairs





Tel: [phone]

Tel: [phone]

Strand Partners Limited

Simon Raggett / Matthew Chandler





Tel: [phone]

Financial Dynamics

Ben Brewerton / Susan Quigley





Tel: [phone]


A copy of PetroLatina's interim financial statements is available from the Company's registered office at Suite 2.3, 2nd Floor, Stanmore House, 29-30 St. James's Street, London SW1A 1HB, registered company number 05173588 and is also available for download from the Company's website at www.petrolatinaenergy.com.



PetroLatina Energy Plc

Chairman´s Statement

For the period ended 30 June 2009



The first half of 2009 saw the Group deliver a marked improvement in its financial results in terms of achieving a maiden interim profit before tax. This was primarily as a result of the successful exploration programme which increased production.

It was unfortunate that the increased production volumes achieved coincided with a swift decline in the oil price during the first half of the year, and the lower oil price environment has led the Group to be particularly focused on cash management and efforts to improve cash flow from operations.

The drilling successes in the year to date have resulted in several significant prospects being identified, particularly on the La Paloma block which will now take priority in the Group´s near-term plans, with expenditure targeted on the faster payout development opportunities existing there. The Group is currently undertaking a number of initiatives to apportion the cash flow generated from production to areas of the Group's portfolio that will provide quick returns, and whilst any petroleum production company remains at the mercy of the global oil price, PetroLatina has taken the necessary actions to remain on track to achieve both increased production and reserves in an industry that remains integral to the global economy.


Luc Gerard

Executive Chairman


29 September 2009


PetroLatina Energy Plc

Chief Executive Officer's Statement

For the period ended 30 June 2009



Overview


During the 6 month period under review, the Group performed relatively well despite the backdrop of a global economic recession and lower oil prices, achieving most of its financial targets. Revenue remained constant, but gross profit increased by approximately 6% and we delivered a maiden profit before tax of $99,000 (2008: loss of $408,000).


During the first half of 2009, PetroLatina successfully secured an increased $6.29 million second tranche of a previously announced convertible loan note (the 'Note') for an aggregate principal amount of $11,165,000 from Tribeca Oil & Gas Financing Inc., a subsidiary of our largest shareholder, Tribeca Oil & Gas Inc. A total of $9.875 million of this Note had been subscribed by the period end. These funds provided the Group with additional cash resources to meet certain outstanding liabilities and finance its ongoing work programme in Colombia.


Review of Operations


PetroLatina commenced an aggressive drilling campaign aimed at increasing production in its existing fields and making new discoveries in prospects on its exploration blocks, as summarised below:


Tisquirama License


Santa Lucia Field: The seismic interpretation acquired in 2008 was finalised, with a total of 76.23 square kilometres of 3D seismic being processed. This information was utilised in determining the location for well SL-4.


Los Angeles Field: As a result of geological and geophysics interpretations, 3 new wells resulted in successful discoveries (ANG-11, ANG-12 and ANG-14). ANG-11 and ANG-14 are producing at an average gross rate of 178 bopd and 203 bopd respectively; and ANG-12 is producing at an average gross rate of approximately 60 bopd (following a recent partially successful frac job) from a newly discovered oil bearing zone as part of an extended and ongoing test programme.


La Paloma Exploration and Production Agreement


The first well to be drilled at La Paloma, Colon-1, resulted in a successful discovery with initial tests giving rise to positive results. An extended test started in April and will last for six months. The well produced 32,499 gross barrels to 30 June 2009. Total gross production over the 95 days to 31 August 2009 was 55,931 barrels at an average rate of approximately 589 barrels per day. Since the period end, we have recently drilled the Colon-2 development well which is now on a production test at an average rate of 664 bopd. The La Paloma block is held under attractive terms from the Agencia Nacional de Hidrocarburos ('ANH') whereby a royalty of 8% and a corporate tax rate of 33% is applied. No government back in right applies to this block.


Midas Exploration and Production Agreement:


Chuira-1 was drilled at the end of June; oil was found in two separate zones and the upper zone was put into production. Due to plugging problems, a workover job is now being conducted to remove suspected plugging by drilling fluid and/or gilsonite and restore the upper La Luna zone in this well to full production. In addition, further work is planned to be performed in the lower zone of the La Luna reservoir in order to evaluate the real prospectivity and production potential of this well. In the second half of the year, a second exploration well, (Zoe-1), is currently intended to be drilled on the Midas block. The Midas block is held under the same attractive ANH terms as those outlined for the La Paloma block above.



Lebrija License:


Doña Maria Field: A review of the existing geological and geophysical information is currently underway in order to re-evaluate the future potential of this area. The field continues to produce from two wells.


Putumayo-4 Exploration and Production Agreement:


In December 2008, PetroLatina was awarded the Putumayo-4 block in the Colombian licence bidding round 'Mini-Ronda 2008'. The block covers an area of 51,333 hectares located in the Putumayo Basin of southern Colombia and has over 400km of pre-existing 2D seismic data. The formal agreement was signed in February 2009 with the ANH and a seismic reprocessing bidding process has been initiated.


Rio Zulia - Ayacucho Pipeline ('RZA')


During the first half of 2009, daily average throughput of 3,669 bopd was achieved from the Tibú and Río Zulia fields, which represents an increase of approximately 17% on the equivalent period to June 2008. Further development of the Tibú field by Ecopetrol S.A. could lead to a significant increase in the flow of oil throughput and consequently the Group currently expects utilisation of the Group's RZA pipeline to increase.


Guatemalan Assets


Despite having sold our former assets (Licences A7-2005 and A-6-93) in Guatemala to Quetzal Energy Inc. on 23 July 2007, the Company retained a 20 per cent. carried interest in the first three wells to be worked over in 2008, and a 20 per cent. working interest in future wells. Following evaluation of the prospectivity for ATZAM-3, the Company opted not to participate in this particular well but will still appraise and review its right to participate in future wells in Guatemala as appropriate.


Serafin Gas Development


The Group has started the engineering design for this project. Its construction stage is expected to begin during the fourth quarter of this year and is scheduled for completion by the first quarter of 2010.



Financial Review


During the first half of 2009, revenues remained broadly consistent and totalled $4,515,000 (2008: $4,498,000), despite the negative impact of lower oil prices with average crude WTI prices of $51.25 per barrel (June 2008: $110.96). This was offset by higher net average production which increased to 902 bopd (2008: 280 bopd). In addition, deliveries through the RZA pipeline for the first half increased to 3,669 bopd compared to 3,134 bopd transported in the equivalent period in 2008.


PetroLatina generated a maiden profit before tax in the period of $99,000 reflecting a reduction in operating and administration expenses following the implementation of a Group wide austerity plan.


As referred to above, the Group successfully secured convertible loan note financing from TOGF for an aggregate amount of $11,165,000 in order to satisfy certain outstanding liabilities and finance its ongoing work programme. However, the Group will need to raise additional funds to complete its entire planned work programme. Accordingly, the directors are currently in discussions with third party finance providers, as well as the key shareholders, and remain confident that the Group will be able to raise the required funds to finance its future working capital requirements.



Outlook


In the second half of the year, we will continue with the implementation of our strategy and the associated capital investment programme. Continued success will require the Group to remain technologically advanced and capital expenditure is expected to remain at a high level in the years ahead.


We aim to grow PetroLatina into one of the major players in Colombia's oil and gas industry and will seek to capitalise on the clear opportunities available to increase production, reserves and shareholder returns.



Juan Carlos Rodriguez

Chief Executive Officer


29 September 2009



Introduction


We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial report for the six months ended 30 June 2009 which comprises the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Consolidated Statement of Changes in Equity, the Consolidated Cash Flow Statement and the related explanatory notes.

We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.

Directors' responsibilities


The interim report, including the financial information contained therein, is the responsibility of and has been approved by the directors. The directors are responsible for preparing the interim report in accordance with the rules of the London Stock Exchange for companies trading securities on the Alternative Investment Market which require that the half-yearly report be presented and prepared in a form consistent with that which will be adopted in the company's annual accounts having regard to the accounting standards applicable to such annual accounts.

Our responsibility

Our responsibility is to express to the company a conclusion on the condensed set of financial statements in the half-yearly financial report based on our review.

Our report has been prepared in accordance with the terms of our engagement to assist the company in meeting the requirements of the rules of the London Stock Exchange for companies trading securities on the Alternative Investment Market and for no other purpose. No person is entitled to rely on this report unless such a person is a person entitled to rely upon this report by virtue of and for the purpose of our terms of engagement or has been expressly authorised to do so by our prior written consent. Save as above, we do not accept responsibility for this report to any other person or for any other purpose and we hereby expressly disclaim any and all such liability.

Scope of review


We conducted our review in accordance with the International Standard on Review Engagements (UK and Ireland) 2410, ''Review of Interim Financial Information Performed by the Independent Auditor of the Entity'', issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion


Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the half-yearly financial report for the six months ended 30 June 2009 is not prepared, in all material respects, in accordance with the rules of the London Stock Exchange for companies trading securities on the Alternative Investment Market.

Emphasis of matter - going concern


In forming our conclusion, which is not qualified, we have considered the adequacy of the disclosures made in the Financial Review section of the Chief Executive Officer's statement on page 5, and in the notes to the financial statements on page 15 of the half-yearly financial report for the six months ended 30 June 2009 concerning the Group's need to raise further funds in order to finance the Group's development work programme. Although the directors expect to be able to raise the required funds, there are no binding agreements in place at this time. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the ability of the Group to continue as a going concern. The financial statements do not include any adjustments that would result if the Group were unable to continue as a going concern.


BDO STOY HAYWARD LLP

Chartered Accountants and Registered Auditors
London



29 September 2009



PetroLatina Energy Plc

Consolidated Statement of Comprehensive Income

For the period ended 30 June 2009







Note


Six months ended


Six months ended


Twelve months ended







30 June 2009


30 June 2008


31 Dec 2008







Unaudited


Unaudited


Audited







$'000


$'000


$'000





























Revenue





4,515


4,498


7,762















Cost of sales





(2,038)


(2,171)


(4,358)







________


________


________















Gross profit





2,477


2,327


3,404















Administrative expenses





(1,906)


(2,054)


(6,631)







________


________


________





























Profit / (Loss) from operations





571


273


(3,227)















Finance income





5


9


315

Finance expense





(477)


(690)


(1,086)







________


________


________















Profit / (Loss) before tax





99


(408)


(3,998)















Income tax





(95)


16


(85)







________


________


________















Profit / (Loss) for the period





194


(424)


(3,913)







________


________


________















Total comprehensive income for the period





194


(424)


(3,913)







________


________


________

Earnings / (Loss) per share attributable to the equity holders of the parent during the period (basic) $


3


0.004


(0.0161)


(0.12)







________


________


________

Earnings / (Loss) per share attributable to the equity holders of the parent during the period (diluted) $


3


0.007


(0.0161)


(0.12)







________


________


________




PetroLatina Energy Plc

Consolidated Statement of Financial Position

For the period ended 30 June 2009








30 June 2009


30 June 2008


31 Dec 2008







Unaudited


Unaudited


Audited







$'000


$'000


$'000















ASSETS













Non-Current Assets













Property, plant and equipment





46,627


32,151


33,029

Intangible assets





22,249


4,615


13,336







________


________


________







68,876


36,766


46,365

Current Assets













Inventories





24


62


36

Trade and other receivables





3,183


3,889


4,218

Cash and cash equivalents





4,239


1,865


2,706







________


________


________







7,446


5,816


6,960







________


________


________

Total Assets





76,322


42,582


53,325







________


________


________

LIABILITIES













Non-current liabilities













Provisions for abandonment





1,205


556


1,205

Deferred tax liability





6,185


6,269


6,348







________


________


________







7,390


6,825


7,553

Current liabilities













Trade and other payables





13,734


8,174


5,852

Loans and Borrowings





14,968


10,840


267







________


________


________







28,702


19,014


6,119

Total Liabilities





36,092


25,839


13,672







________


________


________

Total Net assets





40,230


16,743


39,653







________


________


________



PetroLatina Energy Plc

Consolidated Statement of Financial Position (continued)

For the period ended 30 June 2009








As at


As at


As at







30 June 2009


30 June 2008


31 Dec 2008







Unaudited


Unaudited


Audited







$'000


$'000


$'000














EQUITY












Share capital





22,045


11,735


22,045

Share premium





76,374


55,718


76,374

Shares to be issued





-


4,560


-

Convertible loan note reserve





392


-


-

Warrant reserve





1,921


1,937


1,930

Retained earnings





(60,502)


(57,207)


(60,696)







________


________


________

Total equity attributable to the equity holders of the parent





40,230


16,743


39,653







________


________


________



The interim financial statements on pages 9 to 18 were approved and authorised for issue by the Board of Directors on 29 September 2009 and were signed on its behalf by:



Juan Carlos Rodriguez

Chief Executive Officer




PetroLatina Energy Plc

Consolidated Statement of Changes in Equity

For the period ended 30 June 2009





Share


Share


Shares to


Warrant




capital


premium


be issued


reserve




$'000


$'000


$'000


$'000














Opening balance - 1 January 2008 (audited)


11,735


55,718


4,560


1,624














Profit / (Loss) for the period


-


-


-


-

Issue of warrants


________


-


-


313














Balance as at 30 June 2008 (unaudited)


11,735


55,718


4,560


1,937














Profit / (Loss) for the period


-


-


-


-

Issue of share capital


7,680


17,320


-


-

Issue of warrants


-


-


-


(7)

Deferred consideration paid in shares


1,523


1,477


(3,000)


-

Share-based payment


1,107


1,859


(1,560)


-














Balance as at 31 December 2008 (audited)


22,045


76,374


-


1,930














Profit for the period


-


-


-


-

Issue of warrants


-


-


-


(9)

Issue of convertible loan note


-


-


-


-














Balance as at 30 June 2009 (unaudited)


22,045


76,374


-


1,921




________


_________


_________


_________



PetroLatina Energy Plc

Consolidated Statement of Changes in Equity (continued)

For the period ended 30 June 2009





Convertible


Retained


Total




loan note


earnings


equity




$'000


$'000


$'000











Opening balance - 1 January 2008 (audited)


-


(56,783)


16,854











Profit / (Loss) for the period


-


(424)


(424)

Issue of warrants


-


-


313











Balance as at 30 June 2008 (unaudited)


-


(57,207)


16,743











Profit / (Loss) for the period


-


(3,489)


(3,489)

Issue of share capital


-


-


25,000

Issue of warrants


-


-


(7)

Deferred consideration paid in shares


-


-


-

Share-based payment


-


-


1,406











Balance as at 31 December 2008 (audited)


-


(60,696)


39,653











Profit for the period


-


194


194

Issue of warrants


-


-


(9)

Issue of convertible loan note


392


-


392











Balance as at 30 June 2009 (unaudited)


392


(60,502)


40,230




_________


_________


_________



PetroLatina Energy Plc

Consolidated Cash Flow Statement

For the period ended 30 June 2009





Six months ended


Six months ended


Twelve months ended




30 June 2009


30 June 2008


31 Dec 2008




Unaudited


Unaudited


Audited




$'000


$'000


$'000























Operating activities





















Profit / (Loss) for the period


194


(424)


(3,913)












Share-based payments


-


313


902

Depreciation of property, plant and equipment


625


334


1,294

Impairment of intangible asset


-


-


946

Finance income


(5)


(9)


(315)

Finance expense


477


277


1,086

Income tax expense


(95)


(96)


(85)

Exchange loss


-


(4)


-




________


________


________












Cash flows from operating activities before










changes in working capital and provisions


1,196


391


(85)

Decrease/(increase) in inventories


12


(11)


16

Decrease/(increase) in trade and other receivables


969


(1,464)


(524)

Increase in trade and other payables


1,022


390


47




________


________


________












Cash absorbed by operations


3,199


(694)


(546)












Income taxes paid


-


-


(257)




________


________


________












Net cash from operating activities


3,199


(694)


(803)












Investing activities










Finance income


5


9


315

Purchase of property, plant and equipment


(14,386)


(2,381)


(1,267)

Payments for exploration


(1,967)


(286)


(10,684)

Deferred consideration paid


-


(2,500)


(7,000)




________


________


________












Net cash flows from investing activities


(16,348)


(5,158)


(18,636)



PetroLatina Energy Plc

Consolidated Cash Flow Statement (continued)

For the period ended 30 June 2009






Six months ended


Six months ended


Twelve months ended




30 June 2009


30 June 2008


31 Dec 2008




Unaudited


Unaudited


Audited




$'000


$'000


$'000























Financing activities










Issue of ordinary share capital


-


-


25,000

Proceeds from convertible loan issue


9,675


-


-

Proceeds from related party loans


-


2,900


-

Repayment of related party loans


-


(2,900)


-

Proceeds from short term loans


5,417


10,000


-

Repayment of short term loans


-


(5,548)


(6,121)

Interest paid


(410)


(277)


(276)




________


________


________












Net cash flows from Financing activities


14,682


4,175


18,603




________


________


________












Increase/(decrease) in cash and cash equivalents


1,533


(1,677)


(836)












Cash and cash equivalents at the start of the period


2,706


3,542


3,542




________


________


________












Cash and cash equivalents at the end of the period


4,239


1,865


2,706



PetroLatina Energy Plc

Unaudited notes forming part of the unaudited consolidated interim financial statements

for the period ended 30 June 2009


1 Accounting policies


Basis of preparation


The condensed interim financial statements have been prepared using policies based on International Financial Reporting Standards (IFRS and IFRIC interpretations) issued by the International Accounting Standards Board (IASB) as adopted for use in the EU. The condensed interim financial information has been prepared using the accounting policies which will be applied in the Group's statutory financial statements for the year ended 31 December 2009. This results in the adoption of the revision to IAS 1; this revision prohibits the presentation of items of income and expenses (that is, 'non-owner changes in equity') in the statement of changes in equity, requiring 'non-owner changes in equity' to be presented separately from owner changes in equity. All non-owner changes in equity will be required to be shown in a performance statement. This revision has been applied throughout these interim financial statements.


All amounts have been prepared in US dollars, this being the Group's presentational currency.


The Group plans to continue its extensive drilling programme in the next twelve months, which should transform more of its oil reserves into producing reserves. Following a review of the Group's financial position and its budgets and plans, this programme is currently not fully funded from resources at the Group's disposal. The Directors have reviewed the financial position of the Group as at 30 June 2009 and since the balance sheet date and are in the process of securing a large part of the required funding. Negotiations with a number of major investment banks are at an advanced stage to secure the remaining funds and this, combined with the Group's current production, exploration and near term production potential, as reflected in the Group's recent announcements, should fully fund the remaining planned work programme. Whilst the Directors are confident that the Group will be able to raise the required funds to finance its working capital requirements, there can be no guarantee that the current negotiations will be completed within 12 months from the date of the financial statements and therefore there exists a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern. Notwithstanding this uncertainty, the Directors are confident that the Group will be able to raise the required funds therefore these financial statements have been prepared on a going concern basis. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern.



2 Financial reporting period


The condensed interim financial information for the period 1 January 2009 to 30 June 2009 is unaudited. In the opinion of the Directors the condensed interim financial information for the period presents fairly the financial position, and the results from operations and cash flows for the period are in conformity with generally accepted accounting principles consistently applied. The financial statements incorporate comparative figures for the interim period 1 January 2008 to 30 June 2008 and the audited financial year to 31 December 2008.


The financial information contained in this interim report does not constitute statutory accounts as defined by section 435 of the Companies Act 2006.


The comparatives for the full year ended 31 December 2008 are not the Group's full statutory accounts for that year. A copy of the statutory accounts for that year has been delivered to the Registrar of Companies. The auditors' report on those accounts was unqualified; however it did include references to matters to which the auditors drew attention by way of emphasis without qualifying their report. The auditors' report did not contain a statement under section 237(2)-(3) of the Companies Act 1985.


3 Earnings per share


Basic earnings per share amounts are calculated by dividing profit for the period attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year.


Diluted earnings per share amounts are calculated by dividing profit for the period attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year, plus the weighted average number of shares that would be issued on the conversion of dilutive potential ordinary shares into ordinary shares. The calculation of the dilutive potential ordinary shares related to employee and director share option plans and includes only those options with exercise prices below the average share trading price for each period.


Where the company is loss making, a diluted loss per share is not presented because the effect on the loss per share would be anti-dilutive. The calculation of the diluted EPS assumes all criteria giving rise to the dilution of the EPS are achieved and that all outstanding share options are exercised.





Six months ended


Six months ended


Twelve months ended




30 June 2009


30 June 2008


31 Dec 2008




Unaudited


Unaudited


Audited












Net profit attributable to equity holders used in basic calculation ($'000)


194


(424)


(3,913)

Add back interest and accretion charge in respect of convertible loan notes ($'000)


283


-


-




__________


__________


__________

Net profit attributable to equity holders used in dilutive calculation ($'000)


477


(424)


(3,913)












Basic weighted average number of shares


43,888,569


26,335,404


32,995,191











Earnings / (Loss) Per Share









- Basic


0.005


(0.0161)


(0.12)

- Diluted


0.007


(0.0161)


(0.12)











Dilutive potential ordinary shares









Shares related to convertible notes


24,406,596


-


-

Employee and Director share option plans


1,015,386


-


892,309

Diluted weighted average number of shares


69,310,551


26,335,404


33,887,500













4 Post balance sheet events


On 21 January 2009, the Company executed an instrument constituting secured 12 per cent. convertible loan notes. due 2011 in the aggregate amount of US$9.875 million (the 'Notes'). Tribeca Oil and Gas Financing, Inc. ('TOGF'), a subsidiary of existing shareholder Tribeca Oil & Gas, Inc. ('TOGI'), agreed to subscribe for US$4.875 million in aggregate of the Notes and had an option (but was not obliged) to subscribe for up to a further US$5 million tranche in aggregate of the Notes.


The first tranche of the Notes subscribed for by TOGF, if not repaid or converted earlier, matures on 21 January 2011. The Notes accrue interest at a rate of 12 per cent. per annum, payable at intervals of six months from the date of issue, and at the Company's option can be redeemed in whole or in part prior to maturity, without penalty, on any of the interest payment dates. Unless converted, the Notes are redeemable immediately prior to any sale or de-listing of the Company and repayable in the event of any default. At TOGF's option, the Notes are convertible in whole into new ordinary shares in the Company ('Ordinary Shares') on any of the interest payment dates, in the event of early redemption (in respect of the amount specified to be redeemed), on maturity or on any instance of default, sale or de-listing of the Company. In the event of conversion, the number of new Ordinary Shares to be issued to the noteholder will be determined by dividing the principal amount of the relevant Notes by the initial conversion price per Ordinary Share of 20.9375 pence (the 'Initial Conversion Price').


At its discretion, the Company is entitled to pay interest accruing on both tranches of the Notes in the form of either cash or by the issue of new Ordinary Shares. If interest is paid in the form of shares, the number of new Ordinary Shares to be issued and allotted (credited as fully paid) to the noteholder will be determined by dividing the amount of interest payable by the closing middle-market price of an Ordinary Share on the business day immediately prior to the relevant interest payment date converted from pounds sterling to US dollars at the then prevailing exchange rate.


The Initial Conversion Price referred to above was less than the nominal value of an Ordinary Share of US$0.50 (approximately 35 pence at the then prevailing pounds sterling to US dollars exchange rate) at the time of issue. Accordingly, since English company law prevents the Company from issuing new shares at a price below the prevailing nominal value of its Ordinary Shares, the Company, further to the receipt of shareholder approval on 23 June 2009, implemented a capital reorganisation prior to the first interest payment date in order to ensure that the nominal value of each Ordinary Share was reduced to an amount sufficiently below the Initial Conversion Price.


Following discussions with TOGF, in respect of the Company's option to request up to a further US$5 million note subscription by 21 July 2009 under the existing facility, it was agreed on 16 June 2009 that this option would be lapsed and replaced with an increased note subscription by TOGF of US$6.29 million. In return for the increased funding amount, the terms of the second tranche of the convertible loan notes were varied to allow for conversion, in whole or in part, into new ordinary shares at a fixed conversion price of 25 pence per share on any of the interest payment dates from December 2009 onwards. Save for the variation in the amount, the first possible conversion date, and the conversion price of the second tranche, all other terms of the original convertible loan note instrument remained unaltered from those details announced on 21 January 2009. Following the second subscription, TOGF currently holds an aggregate principal amount of US$11.165 million of secured convertible 12 per cent. loan notes due 2011.


Under the terms of the amended loan note instrument, the second tranche of notes are not capable of conversion prior to the first six monthly interest payment date on 17 December 2009 and, at the Company's option, can be redeemed in whole or in part, without penalty, on any of the interest payment dates prior to their scheduled maturity on the second anniversary from drawdown in 2011. Unless converted, the notes are redeemable immediately prior to any sale or de-listing of the Company and repayable in the event of any default. At TOGF's option, the second tranche notes are convertible in whole into new ordinary shares on any of the interest payment dates, in the event of early redemption and only after the first interest payment date (in respect of the amount specified to be redeemed), on maturity or on any instance of default, sale or de-listing of the Company. In the event of conversion, the number of new ordinary shares to be issued to the noteholder will be determined by dividing the principal amount of the relevant notes by the revised second tranche conversion price per new ordinary share of 25 pence.


On 23 June 2009, a resolution to approve the reorganisation of the Ordinary Shares in issue was passed in order to comply with the terms of the Loan Note Instrument dated 21 January 2009, as amended on 16 June 2009, and reduce the nominal value of an Ordinary Share to a more appropriate level such that the outstanding convertible secured loan notes are then capable of conversion at the noteholder's election. Pursuant to this resolution, inter alia, every Ordinary Share of US$0.50 then in issue was converted into 1 (one) New Ordinary Share of US$0.10 and 4 (four) New Deferred B Shares of US$0.10 each. To date, the first tranche of the Notes have not been converted.


Under the terms of the Loan Note Instrument, the Company agreed to pay TOGF an arrangement fee of US$300,000 in consideration for the subscription of the Notes. In addition, the Company granted TOGF a warrant over Ordinary Shares exercisable in whole or in part at an aggregate exercise price of US$300,000 on any number of occasions throughout the term of the loan note instrument (the 'Warrant'). The exercise price payable by TOGF to the Company in respect of the Warrant was to be set off against the arrangement fee owing by the Company to TOGF pursuant to the Notes. In the event of exercise, the number of new Ordinary Shares to be issued to the warrantholder was to be determined by dividing the exercise price by the higher of (i) the middle market closing price of an Ordinary Share on the date of the Warrant, as converted from pounds sterling to US dollars at the then prevailing exchange rate, and (ii) the prevailing nominal value of one Ordinary Share at the time of exercise of the Warrant. On 30 July 2009, PetroLatina issued and allotted (credited as fully paid) 1,226,329 new ordinary shares of US$0.10 par value each (the 'Warrant Shares') to TOGF following the exercise of the warrants held by it pursuant to the agreement of 21 January 2009. The exercise price of US$300,000 payable by TOGF to the Company in respect of the warrant exercise was set off in full against the aforementioned arrangement fee owed by the Company to TOGF.


In addition, on 30 July 2009 the Company also issued and allotted (credited as fully paid) a further 435,376 new ordinary shares of US$0.10 par value each (the 'Interest Shares') to TOGF in satisfaction of the first six monthly interest installment to 21 July 2009 due in respect of the initial tranche of US$4.875 million convertible loan notes subscribed by TOGF on 21 January 2009. Accordingly, TOGF was allotted, in aggregate, 1,661,705 new ordinary shares.




This information is provided by RNS
The company news service from the London Stock Exchange

END

[senna7]

der längste Beitrag den ich je gesehn habe

[onkelen]

Antwort auf Beitrag Nr.: 38.084.195 von senna7 am 30.09.09 11:25:29

da kann ich dir nur recht geben
meine maus hat immer noch den drehwurm
und erhebliche gleichgewichtsstörungen

das ist eigentlich das wichtige

Finanzhöhepunkte * Einkommen blieben bei $4.5 Million konstant * Betrieblicher Gewinn erhöht um 109% bis $571.000 (2008: $273.000) * Erstzwischenprofit vor Steuer von $99.000 (2008: Verlust von $408.000) * Grundlegende Einnahmen pro Aktie Verdienstpotenzial von $0.004 (2008: Fehlbetrag je Aktie von $0.016) * Zuerst und erhöhte zweite Scheibe einer umwandelbaren Darlehensanmerkung für, in der Gesamtheit, $11.165 Million gesichert von einer Tochtergesellschaft des vorhandenen erheblichen Aktionär Tribeca Öl & Gas Inc., von dem $9.875 Million während des Betrachtungszeitraumes unterzeichnet wurde * Fällige totalkurzfristige Verbindlichkeiten von $28.7 Million (einschließlich $9.875 Million in Bezug auf die umwandelbare Darlehensanmerkung) * Bargeld am Zeitraumende von $4.2 Million Betriebshöhepunkte * Durchschnittliche Produktion erhöhte das Netto bopd 222% bis 902 (2008: bopd 280 Netto) * Durchschnittlicher Durchsatz der RZA Rohrleitung erhöht um 17% bis bopd 3.669 (2008: bopd 3.134) * Das La Paloma block' Erforschung s-erstes gut, Colon-1, nachgewiesenes erfolgreiches. Grobe totalproduktion in den 44 Tagen zu 30. Juni 2009 war 32.499 Fässer mit einer durchschnittlichen Rate von ungefähr 739 Fässern pro Tag. Grobe totalproduktion in den 95 Tagen zu 31. August 2009 war 55.931 Fässer mit einer durchschnittlichen Rate von ungefähr 589 Fässern pro Tag.


mfg
onkelen

[senna7]

Hört sich doch gut an


PetroLatina making progress in Colombia

17 December 2009

PetroLatina has added 112 barrels of oil per day to its production from the Los Angeles field in Colombia by drilling two further wells, Los Angeles 15 and 16.

The Los Angeles-12 well is currently on a long production test at an average production rate of 51 bopd from the Umir formation which lies below the traditional Los Angeles Lower Lisama producing reservoir. Production from the Umir formation is deemed a "new discovery", has more advantageous fiscal terms and produces oil of higher quality, 27 degrees API, versus 13 degrees API in the traditional producing sand.

Meanwhile, the Colon field continues to produce at a rate of 654 bopd from two wells, Colon-1 and Colon-2. These wells continue to produce on natural flow and the production has been declining in line with expectations. The well performance has also confirmed the previous plan to install electric submersible pumps in the Colon wells which should double the current Colon well production rates.

Elsewhere, a workover of the Chuira-1 well was not successful in removing a mechanical blockage in the well. This well originally came on production at 180 bopd before dropping abruptly to 40 bopd after a few days. Various options, including a sidetrack and multilateral wells, are now being reviewed both in-house and by third party specialists to establish the optimum means of bringing this discovery into full production.

Juan Carlos Rodriguez, Chief Executive of PetroLatina, said:

"The fourth quarter of 2009 has been another period of significant progress for PetroLatina. We drilled two further successful wells bringing the total for the year to date to eight, with a 100% success rate. We also spudded the Zoe-1 exploration well which could have a significant impact on the Company if it proves to be a discovery.

"With our net production run rate increasing markedly, we are also currently in the process of producing an updated reserves report which we expect to publish early next year."

[senna7]

RNS Number : 1753G
Petrolatina Energy PLC
27 January 2010




27 January 2010



PetroLatina Energy Plc

("PetroLatina" or the "Company")


Issue of Equity and Amendment to Tribeca Loan Note

PetroLatina (AIM: PELE), an independent oil and gas exploration, development and production company, focused on Latin America, announces details of an issue of new ordinary shares to Tribeca Oil and Gas Financing Inc. ("TOGF"), a subsidiary of existing substantial shareholder Tribeca Oil & Gas, Inc. ("TOGI"), to satisfy interest payable in respect of its holding of convertible loan notes and a further amendment to the loan note instrument.


Issue of Equity


PetroLatina has yesterday issued and allotted (credited as fully paid) (i) 350,911 new ordinary shares of US$0.10 par value each ("Ordinary Shares") to TOGF in satisfaction of the first six monthly interest instalment to 17 December 2009 due in respect of the second tranche of US$6.29 million convertible loan notes subscribed by TOGF on 17 June 2009, and (ii) a further 264,618 new Ordinary Shares to TOGF in satisfaction of the second six monthly interest instalment to 21 January 2010 due in respect of the first tranche of US$4.875 million convertible loan notes subscribed by TOGF on 21 January 2009 (together the "Interest Shares").


The Interest Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and application will be made to the London Stock Exchange for these new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective and dealings in the Interest Shares are expected to commence at 8.00 a.m. on Monday 1 February 2010. The Company's issued ordinary share capital will consist of 46,165,803 Ordinary Shares with voting rights. PetroLatina does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.


The aforementioned figure of 46,165,803 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, PetroLatina under the FSA's Disclosure and Transparency Rules.


Following the issuance of the abovementioned Interest Shares, TOGI and its related companies now hold, in aggregate, 17,638,233 Ordinary Shares, representing approximately 38.21 per cent. of the Company's enlarged issued share capital and warrants over a further 1,875,260 Ordinary Shares which are automatically exercisable if, and to the extent that, any exercise of the Company's other existing outstanding 3,482,625 warrants occurs. In addition, TOGF currently holds an aggregate principal amount of US$11.165 million of convertible 12 per cent. loan notes due 2011.


Amendment to Tribeca Loan Note

In order to assist the Company with its financial planning and provide maximum flexibility, TOGF has agreed that all of the principal amount of the convertible loan notes held by it can, at the Company's option, now be mandatorily converted into new Ordinary Shares on the scheduled redemption dates for the first and second tranche loan notes in 2011. In addition, TOGF has agreed to waive certain restrictions in the loan note instrument on the Company's ability to raise debt financing.


Save for the variations set out above, all other terms of the original convertible loan note instrument remain unaltered from those details announced on 21 January 2009 and as subsequently amended and announced on 17 June 2009. TOGF holds an aggregate principal amount of US$11.165 million of secured convertible 12 per cent. loan notes due 2011. In the event of conversion, the number of new Ordinary Shares to be issued to the noteholder will be determined by dividing the principal amount of the relevant notes by either (i) the initial conversion price of the first tranche notes of 20.9375 pence or (ii) the second tranche conversion price of 25 pence as appropriate.


TOGI is currently a substantial shareholder in the Company and accordingly, the further variations to the loan note instrument as set out above, are considered to be a related party transaction under the AIM Rules for Companies. The independent directors of the Company (being John May and Menno Wiebe) consider, having consulted with Strand Hanson Limited, that the terms of the variations are fair and reasonable insofar as the Company's shareholders are concerned.

[senna7]

EMBARGOED FOR RELEASE NOT BEFORE 7AM



17 March 2010





PetroLatina Energy Plc

("PetroLatina" or the "Company")



Operations Update - Serafin



Gas sales expected to commence in Q4 2010



PetroLatina (AIM: PELE), the independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce that it has commissioned works to connect the Serafin-1 gas well to the main Colombian gas trunk line, and expects production to commence during the last quarter of 2010.



The Serafin gas field is located in the Tisquirama licence block in the Middle Magdelana Valley. The well was worked over in January 2007 and tested at flow rates of 14 million cubic feet of gas per day ("MMscf/d"). Based on the recent assessment by Ryder Scott, GIIP is estimated to be 5.37 billion cubic feet ("Bcf") with 1P Reserves of 3.13 Bcf, and the well is expected to be capable of initially producing up to 7 MMscf/d.



Since January 2007, the gas price which the Company expects to receive and which is not subject to price regulation from the regulatory commission for energy and gas ("CREG"), has substantially increased from US$3.50 per thousand cubic feet, to between US$5-US$6 per thousand cubic feet. The Company has held negotiations with several potential gas customers and commercial gas sales are expected to commence in the final quarter of 2010.



PetroLatina announced on 17 December 2009 that it had resolved all technical and legal issues relating to the tie-in of the Serafin-1 gas well to the main Colombian gas trunk line. The Company has now entered into a contract to construct a 'city gate' gas handling station to connect the Serafin-1 gas well to the Ballenas-Barrancabermeja gas trunk line which carries the bulk of Colombia's gas production from the Caribbean coast to the gas consuming cities in the centre of the country. The Company has pre-paid its share (US$680,000 net to PetroLatina) of the estimated total cost of the development (US$1.36 million) for the construction works. The construction project is expected to take six months to complete.



Juan Carlos Rodriguez, Chief Executive Officer of PetroLatina, commented:

"We are delighted to have entered into this contract to tie-in the Serafin-1 well to the main Colombian gas trunk line to enable commercial gas sales from the Serafin gas well to commence later this year.

"We expect that the cash flows to be generated by this project will help fund our plans to drill up to a further eight new wells across all of our Colombian assets over the remainder of this year with the aim of increasing production and substantially increasing Possible Reserves, as well as moving an element of them into the 2P category."



Mr Menno Wiebe, a Non-executive director of the Company, has reviewed and approved the technical information contained within this announcement in his capacity as a qualified person, as required under the AIM rules. Mr Wiebe is a Petroleum Geologist and has been a Member of the American Association of Petroleum Geologists for more than 25 years and a Member of the Geological Society for more than 5 years.



Enquiries:



PetroLatina Energy Plc

Juan Carlos Rodriguez, Chief Executive Officer




Tel: [phone]

Pawan Sharma, Executive Vice President - Corporate Affairs


Tel: [phone]





Strand Hanson Limited



Simon Raggett / Matthew Chandler


Tel: [phone]





Evolution Securities Limited



Rob Collins / Chris Sim


Tel: [phone]





Financial Dynamics



Ben Brewerton / Susan Quigley


Tel: [phone]



Background Information on Serafin

Detailed Flow Test Data

On 13 February 2007 the fourth point of a test (on a 48 hour extended flow rate) was completed through a 40/64" choke with a stable rate of 14 million cubic feet per day of gas, 9.05 barrels per day of water (field tests indicated that this was the remaining portion of the 76.6 bbls of load water to recover following the work over), a flowing tubing head pressure of 1,530 psi and a shut in casing pressure of 1,716 psi giving an estimated draw down of 5%. (Note this draw down is based on a highest recorded surface shut in pressure of 1,806 psi prior to the initial flow of the well. Using shut in tubing pressures for initial calculations, it showed a draw down of 15.3%, 10.3% of which being a friction drop as the gas flows up the tubing).



On 15 February 2007 detailed bottom hole pressure data and surface gas analysis results were announced. Gas samples were taken in over the last 10 hours of the initial flow test and analysed using gas chromatography by Core Laboratories and showed the gas gravity to be 0,566 relative to air with the following composition:

· Methane 97.14%

· Nitrogen 2.67%

· Carbon Dioxide 0.06%

· Ethane 0.12%

· Propane 0.01%



Initial reservoir data used in calculations were:

· Reservoir thickness 16 feet

· Porosity 27.3%

· Bottom Hole Temperature 126.6oF



Analysis of the pressure recorder performed by consultant reservoir engineer Griffin Petroleum Consulting Ltd confirmed the following data:



· Permeability 1,440 mD

· Skin 17.2

· Non-Darcy skin factor 0.75 skins/MMscf/d

· Reservoir Pressure 1,966 psi (at gauge depth)

· Drainage radius 1,640 feet

· Management Calculated Reservoir Volume 5.3 billion standard cubic feet of gas in place



Results from data analysis confirmed the Company's initial evaluation of the gas reservoir.



History

The discovery was drilled by Texas Petroleum in 1991. The target Palaeocene Lisama sands were absent but the well encountered an 18 feet thick gas bearing sand in the Miocene Real Group. Log analysis indicates 18 feet of pay with a porosity of 28% and a water saturation of 27%. The sand was tested from 4,582 to 4,598 feet and flowed up to 16.0 million cubic feet of gas a day on extended tests. Reservoir pressure was 1,978 psi and the gas was over 97% methane. The gas was considered to be most likely of biogenic origin and has accumulated in a stratigraphic trap. The well was abandoned after significant gas flow was recorded but a lack of a gas infrastructure and low local gas prices at that time made the well uneconomic.



Gross reserves estimated from material balance calculations and volumetrics vary from approximately 4 to 8 billion cubic feet of gas recoverable (2 to 4 billion cubic feet net to PetroLatina).



Additional Information on PetroLatina Energy Plc:

PetroLatina Energy Plc (AIM: PELE) is presently focused on Colombia where it currently holds 45% and 20% interests respectively in the Los Angeles and Santa Lucía fields on the Tisquirama licence, and a 100% interest in the Doña María field. In November 2007 the Company secured the extension of the Tisquirama licence for the economic life of the fields. In April 2006 the Group acquired an interest in two exploration blocks: an 85% interest in Midas and an 80% interest in La Paloma. PetroLatina also owns the Río Zulia-Ayacucho pipeline in the prolific Catatumbo basin which transports crude oil. Present exploration/exploitation activities in this area should increase the volume of crude oil transported resulting in an increased cash flow. Having sold its assets in Guatemala it retains a 20% interest in the first three wells and a 20% working interest in future wells. Further information is available on the Company's website (www.petrolatinaenergy.com).

[senna7]

+48 %

Das Watren hat sich gelohnt , geb aber trotzdem nichts her

[marc2804]

Antwort auf Beitrag Nr.: 39.882.127 von senna7 am 27.07.10 12:55:32

wie kommst denn zu dem anstieg, irgendweche news? hab die aktie schon länger im depot und leider im minus...daher werd ich sie wohl weiter links liegen lassen um dann vielleicht bald mal wieder in den grünen bereich zu kommen.....

[senna7]

http://www.rigzone.com/news/article.asp?a_id=96973&rss=true

[senna7]

Antwort auf Beitrag Nr.: 39.928.595 von senna7 am 04.08.10 17:21:32

und es geht weiter

[senna7]

Haljahres Zahlen

http://www.investegate.co.uk/Article.aspx?id=201009300700225655T

[senna7]

mal schnell durch die Maschine gejagt


Übersetzung von Englisch nach Deutsch
PetroLatina Updates kolumbianischen Ops
PetroLatina Energy plc | MONTAG, 22. November, 2010




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PetroLatina kündigte eine Operationen auf seine Aktivitäten in Kolumbien zu aktualisieren.

Highlights:
Sechs Brunnen im bisherigen Jahresverlauf gebohrt
Alle Brunnen Engagement erforderlich, um gemäß den Bestimmungen der Lizenz Tisquirama Erweiterung sind nun abgeschlossen gebohrt werden; Zukunft Brunnen wird daher erzeugen einen höheren Anteil der Einnahmen für PetroLatina
Brutto-Erzeugung von 562.180 Barrel Öl ("bbls") (2009: 382.236 Barrel) und Net Produktion von 261.693 Barrel (2009: 167.920 Barrel) zu einem durchschnittlichen Brutto-1.849 Barrel Öl pro Tag ("bopd") (2009: 1257 Barrel Öl pro Tag) und einem durchschnittlichen Netto-Rate von 861 Barrel Öl pro Tag (2009: 552 Barrel Öl pro Tag) in den 10 Monaten bis 31. Oktober 2010
Zoe-1 gut, vorher angekündigt zu testenden Teer und Wasser aus dem Lisama Bildung haben, wurde vor kurzem wieder auf Prüfung gestellt und produziert 889 bbls von 23 Grad API Öl über eine 8-tägige Frist auf sehr kleinen Größen mit Choke im Wesentlichen kein Wasser
Santa Lucia-5 auch auf eine stabile Produktion von 110 von 15 Grad API Öl bopd
Querubin-1 und produziert 200 von 14 Grad API Öl bopd
Serafin Produktionsstätten abgeschlossen - erste Gaslieferungen bis zum Ende dieses Jahres erwartet
Aktualisiert unabhängigen Reserven Bericht soll bis Ende dieses Jahres aufgenommen werden
La Paloma Block
Colón Field
Kolumbiens Kohlenwasserstoff Regulierungsagentur (Agencia Nacional de Hidrocarburos ("ANH")) hat nun offiziell der Gesellschaft Kommerzialität Anwendung für die Colon-Feld und leitete damit die 24 Jahre kommerzielle Produktion Zeit und ermöglicht, das Potential volle Entwicklung des Feldes genehmigt.

Arcis Seismic Solutions ("Arcis"), ein führender Calgary ansässiges seismischen Wiederaufbereitung Spezialist beauftragt worden liefern hochauflösende seismische Neuinterpretation einschließlich Re-Verarbeitung der Daten des Colon Feld. Diese Studie steht kurz vor der Fertigstellung wird bis Ende Dezember abgeschlossen sein und wird Enhanced Imaging des Öls produktiv Sand am Colon Bereich einschließlich der dicken Kanal Sand in der Colon-3 gebohrt Sidetrack gut zu ermöglichen. Es wird eine Grundlage für die zukünftige Entwicklung Bohrungen im Jahr 2011 durchgeführt werden. PetroLatina hält eine 85% ige Beteiligung an der "La Paloma"-Block und die Colon-Feld.

Colon-3-1 st Entwicklung gut
Die Colon-3 Sidetrack gut war, eine gemessene Tiefe von 10.000 Fuß, protokolliert und fertig gebohrt. Es durchschnitt eine 78ft (brutto) dick und bisher unbekannte Kanal Sand und diese Zone Tupfer testete 5 Fässer von 25 Grad API Öl mit im wesentlichen kein Wasser. Die Arcis seismische Studie soll bei der Festlegung des Umfangs und der Form des Kanals zu unterstützen. Eine Säure / frac Job wird nun auch für diese Zone geplant, um festzustellen, ob es bei handelsüblichen Zinssätzen am heutigen Standort hergestellt werden.

Die Hauptzielgruppe Sand, produziert derzeit in der Gesellschaft Colon-1 und 2 Brunnen, wurden auch perforiert und getestet für den Zeitraum 24-29 September mit einer Ausbeute von 100 Barrel von 21,7 Grad API Öl und im wesentlichen kein Wasser. Produktion Prüfung weiter, um eine stabile Rate zu schaffen und die Gestaltung eines geeigneten Pumpen Programm zu erleichtern.

Exploration Aktivitäten auf der La Paloma Block
Ein 2D-Seismik Programm wird derzeit geplant, im ersten Quartal 2011 geschossen werden, um die El Juglar Aussicht in Erwartung der Bohrungen in der zweiten Hälfte des Jahres 2011 anzeigen.

Midas Block
Zoe-1 Well
Die Zoe-1 gut, die zuvor angekündigt, getestet nur Teer und Wasser aus dem Lisama Bildung haben, hat in wurde für fünf Monate bis zum Abschluss der technischen Studien geschlossen. Es war wieder ein Test Produktion Anfang November und produziert saubere Öl ohne Wasser über den Ring gelegt. Insgesamt von 889 bbls von 23 Grad API Öl wurden über eine 8-tägige Frist auf sehr kleinen Drossel Größen (5 / 64 bis 8 / 64 Zoll) erzeugt. Das Bohrloch wird nun intermittierend erzeugt und schloß damit in Druckaufbau und ermöglicht eine optimale Konfiguration Pumpe bestimmt werden. Die Gesellschaft hält eine 85% ige Beteiligung an dieser gut.

Chuira Field
Die Chuira-1 und hat eine kumulative Produktion bis heute von rund 13.651 Barrel und Produktion erzielt weiterhin auf eine stabile Rate von 30 von 22 Grad API Öl ohne Wasser und ohne Rückgang bopd. Die gut zunächst mit einer Geschwindigkeit von bis zu 187 aus zwei La Luna Kalksteine bopd produziert, aber kurz nachdem es auf die Produktion, die untere und eine bessere Qualität Kalkstein, mit mehr als 10% primäre Porosität plus natürliche Frakturen gestellt wurde, wurde von erstickt Gilsonit, eine Form von Kohlenwasserstoff, der in einem plastischen Zustand bei Reservoir Bedingungen. Nachfolgende Ingenieurstudium haben zur Definition eines Sidetrack Speicherort für diese gut ausgerichtet. Dementsprechend beauftragte die Gesellschaft eine Studie von Landocean Energy Services Inc. ("Landocean"), eine Gruppe mit Sitz in Houston, die der seismischen Untersuchungen von natürlich gebrochen Stauseen spezialisiert hat. Diese Studie, beteiligt umfassende seismische Wiederaufarbeitung, Fehler Orientierung und Dichte Analyse und Bildung Flüssigkeit Studien und hat eine gute Grundlage für die geplante nachbohren, die 2011 stattfinden werden. Die Gesellschaft hält eine 85% Zins im Chuira Entdeckung.

Seismische Programm auf dem Midas Block
Ein 40 km ². Seismische 3D-Programm ist für Dezember 2010 geplant, um eine zuvor definierte Perspektive im zentralen Teil des Midas-Block, mit möglichen Bohrungen am Ende des Jahres 2011 anzeigen.

Tisquirama Association Vertrag
Querubin-1 Erkundungsbohrung
Querubin-1, die vor kurzem gebohrt und die erste Bohrung mit einer Exzenterschneckenpumpe abgeschlossen werden, weiterhin besser als jeder andere auch in der Los Angeles ein. Das gut ist fast ein Zwilling des Los Angeles-2 auch die in der Mitte 1980 gebohrt wurde und die, die vorzeitig wegen Sand Produktion Probleme mit der Produktion von nur einer kleinen Menge Öl aufgegeben. Querubin-1 umgekehrt, produziert derzeit problemlos mit einer Geschwindigkeit von ca. 200 Barrel pro Tag auf eine begrenzte Drehzahl der Pumpe. Die Drehzahl der Pumpe wird langsam erhöht und der Brunnen ist vermutlich in der Lage sein Herstellung mit einer Geschwindigkeit von bis zu 230 Barrel pro Tag. Der Druck wurde weniger auf Querubin-1 als erwartet, was unser Plan, um zusätzliche Infill-Bohrungen in diesem Teil des Feldes Bohrsupporte erschöpft. Die Gesellschaft hält eine 25% ige Beteiligung an der Querubin-1 gut und die Umgebung.

Santa Lucia-5 gut
Santa Lucia-5, die endgültige Zusage und wurde im südöstlichen Teil der Santa Lucia Feld gebohrt, um den Süden Lappen der Struktur abtropfen lassen. Die gut ein 26ft (brutto) ölhaltige Sandstein gefunden, wie erwartet, im Eozän la Paz Bildung. Aktuelle Produktion bei einer Rate von ca. 110 Barrel 15 Grad API Öl pro Tag mit 50% Wasser schneiden stabil. Die Gesellschaft hält eine 20% ige Beteiligung an diesem besonderen gut.

Los Angeles und Santa Lucia - Installation zusätzlicher Stromversorgung
Die Produktion in Los Angeles und Santa Lucia Felder wurde erheblich im Laufe des vergangenen Jahres wegen der fast täglichen Scheitern des zuständigen EVU eine angemessene Leistung für die Produktions-Pumpstände Versorgung behindert. Aus diesem Grund ist das Unternehmen derzeit die Installation eigener Erzeugungsanlagen in Los Angeles und Santa Lucia Felder aus. Diese Einrichtungen werden voraussichtlich im zweiten Quartal 2011 in Betrieb.

Serafin Produktionsanlagen
Die Produktionsanlagen und die Produktion Gateway für den Serafin-1 Gasvorkommen sind inzwischen abgeschlossen und eine zeitgleiche Prüfung wird voraussichtlich innerhalb der nächsten zwei Wochen beginnen. Der Gasabsatz sind derzeit beginnen im nächsten Monat erwartet.

Neue Tiefbohranlage
Das Unternehmen hat nun die Zustimmung ihrer Partner für den Kauf einer Tiefbohranlage erhalten und plant, einen solchen Prüfstand in Betrieb im ersten Quartal 2011 zu haben. Diese geplante Übernahme wird voraussichtlich deutlich verringern rig Mietkosten und verringern die Menge von Ausfallzeiten im Zusammenhang mit gut Wartung.

Putumayo-4 Block
A 103 km 2D-Seismik Programm wird derzeit für die Putumayo-4-Block geplant. Dies wird im ersten Quartal 2011 gedreht und mehrere bekannte Ziel führt. Das Unternehmen hält ein Betriebssystem 50% Interesse an der Putumayo-4 Block.

Middle Magdalena Block-VMM 28
Eine geologische Überprüfung dieser kürzlich erworbenen Block ist nun im Gange. Vorbesprechungen haben mit Royal holländischen Shell, die den benachbarten Block in der letzten Bietrunde erworben, statt, um festzustellen, ob die beiden Unternehmen sollte die Zusammenarbeit bei der Erforschung dieser Gebiete zu betreiben. Die VMM28 Block wird angenommen, dass sehr aussichtsreich für Sand von der Art, die in den angrenzenden Colon Feld zu erzeugen, für Kanal Sand in die Colon-3 gesehen Sidetrack und für unkonventionelle Lagerstätten. Die Gesellschaft verfügt derzeit über eine 100%-Beteiligung in diesem Block.

Arbeitsprogramm für den Rest des Jahres 2010
Abschluss der Serafin-1 Gasvorkommen Hook-up und Aufnahme der kommerziellen Produktion
Stellen Sie Kommerzialität der Querubin Bereich mit unseren Partnern, Ecopetrol SA und Petrosantander (Kolumbien) Inc.
Abschluss einer aktualisierten unabhängigen Reserven Bericht von Ryder Scott Company, LP
Vorgeschlagene Arbeitsprogramm für 2011
Shoot 2D-Seismik und bohren Sie die erste Explorationsbohrung im Putamayo-4 Block
Bohren Sie die Juglar-1 Explorationsbohrung im Block La Paloma
Beginnen Sie das Unternehmen die volle Entwicklungsprogramm für die Colon-Feld auf die Ergebnisse des Arcis seismische Studie in Arbeit basiert
Conduct Entwicklung Bohrungen im Bereich Querubin
Durchführung einer für die Chuira-1 Sidetrack gut auf die Fraktur Studie Landocean hergestellt Basis
Juan Carlos Rodriguez, Chief Executive von PetroLatina, kommentierte: "Die Fertigstellung der ersten Runde unseres Engagements und Explorationsbohrungen in den vergangenen zwei Jahren sehr ermutigende Ergebnisse in Bezug auf Produktion und Preise behalten Volumen erreicht. Die gewonnenen Informationen wurde nun untersucht mit Unterstützung von externen Fachberatern und wird derzeit in unserer geologischen Modelle integriert. Das sollte es uns ermöglichen, die Entwicklung in 2011 fortsetzen Bohren in einer effektiveren und niedrigem Risiko Weise und folglich, da die Verpflichtung Phase, in der wir gezwungen waren, zu zahlen einen unverhältnismäßig hohen Anteil der Kosten, ist nun zu Ende, wir erwarten, dass die Profitabilität in den kommenden Jahren zu verbessern. "