PetroLatina Welcomes CEO

PetroLatina announced the appointment of Mr. Luis Guillermo Acosta as Chief Operating Officer of the Company.

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

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

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

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