Director/PDMR Shareholding (4984B)

TIDMPELE

RNS Number : 4984B

Petrolatina Energy PLC

18 February 2011

18 February 2011

PetroLatina Energy Plc

("PetroLatina" or the "Company")

Director's Dealing

PetroLatina (AIM: PELE), the independent oil and gas exploration, development and production company focused on Latin America, was yesterday notified that Juan Carlos Rodriguez, a director of the Company, purchased 30,000 ordinary shares of US$0.10 each in the Company ("Ordinary Shares") on the following date and at the following price:

 
                     Number of Ordinary   Price paid per Ordinary 
 Date of Purchase     Shares Purchased     Share (pence) 
------------------  -------------------  ------------------------ 
 15 February 2011    30,000               40.75 
------------------  -------------------  ------------------------ 
 

Following the abovementioned purchase, Mr Rodriguez is interested in 12,861,629 Ordinary Shares representing approximately 12.29 per cent. of the Company's issued share capital. This holding includes 2,535,872 Ordinary Shares held by Lyan Financial Corporation and, 10,080,757 Ordinary Shares held by Rorick Ventures Group Inc, companies in which members of Mr Rodriguez's family have beneficial interests.

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

Enquiries:

 
 PetroLatina Energy Plc                               Tel: [phone] 
  Juan Carlos Rodriguez, Chief Executive Officer 
 Pawan Sharma, Executive Vice President - Corporate   Tel: [phone] 
  Affairs                                              0081 
 Strand Hanson Limited 
 Simon Raggett/Matthew Chandler                       Tel: [phone] 
                                                       3494 
 Evolution Securities Limited 
 Rob Collins/Chris Sim                                Tel: [phone] 
                                                       4304 
 Financial Dynamics 
 Ben Brewerton/Susan Quigley                          Tel: [phone] 
                                                       3113 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSLLFELFAITLIL