Waitin'. Holdin'. Just thinkin' 'bout recent events and situations. Turmoil. GLTA....Longs. Wannabe Unicorn. Here's the latest......

Bloomberg
Markets
Trump Push for Energy Dominant U.S. Blunted by China LNG Threat
By Naureen S Malik , Rachel Adams-Heard , and Ryan Collins
August 3, 2018, 10:09 AM EDT
Updated on August 3, 2018, 6:37 PM EDT
Asian giant a natural gas target in big-time shift from coal
Tit-for-tat China tariff adds risk to U.S. industry build-up

Woodside CEO on the Race to Supply China With LNG
China’s threatened tariff against U.S. liquefied natural gas comes as a second wave of American export terminals seek financing with an eye toward the Asian giant’s drive to reduce its use of coal.

The U.S., with its abundance of shale gas, is rapidly expanding its ability to export the fuel overseas. China, which became the world’s biggest importer of the fuel in May, is seen as a key target as it pursues a strict five-year plan to shift away from smog-inducing coal for both residences and industry.

But a 25 percent tariff, retaliating for a U.S. plan to expand levies against China, could give exporters Qatar, Australia and Russia an edge in securing contacts with the world’s second-largest economy as a dozen or so U.S. companies seek to build new export terminals. That’s not a happy thought at a time when U.S. President Donald Trump has said he wants the U.S. to be “energy dominant.”


That agenda “will cease to exist if one of the largest energy markets in the world is preemptively placing tariffs on LNG,” Charlie Riedl, executive director of the Center for Liquefied Natural Gas, a Washington-based industry group, wrote in an email.


It’s the first time LNG, a super-chilled form of natural gas that can be transported by tanker, has been ensnared by the developing trade war between the U.S. and China. It comes as part of a $60 billion response to Trump’s recent statements that he plans $200 billion in tariffs against China.

If the threats are followed through on, billions of dollars could hang in the balance. Cheniere Energy Inc., Tellurian Inc. and other LNG developers have courted utilities and state-backed companies in China to justify building more terminals to ship gas abroad. Cheniere and Tellurian shares slid in New York trading Friday following China’s release of its report.

As U.S. LNG projects under development compete to slash costs for their potential exports, “the 25% tariff will definitely price USA LNG completely out of the Chinese market,” said Claudio Steuer, senior visiting research fellow at The Oxford Institute for Energy Studies.

Cheniere was the first U.S. company to export shale gas overseas, starting in 2016. It’s already made substantive inroads in China, a country that trails only Mexico and South Korea among the biggest buyers of U.S. LNG.


As of mid-June, China accounted for 13 percent of the exports from Cheniere’s Sabine Pass terminal. The company recently gave the green light to expand its Texas export terminal thanks in part to a contract it signed earlier this year with China National Petroleum Corp.

Cheniere does “not view tariffs as productive,” spokesman Eben Burnham-Snyder said by email on Friday, describing LNG as a “win-win’’ financial situation for both the U.S. and China.

Warren Patterson, commodity strategist for ING Bank NV, said Cheniere is right to be concerned. If the tariffs are implemented, China could turn to Australia and Qatar, the world’s two biggest LNG exporters, to supply its needs, he said. Additionally, the tariff threat comes as Russia advances plans to begin pumping gas to China through its newly-built 2,500-mile (4,000 kilometer) Power of Siberia pipeline by the end of 2019.

Patterson said he was “quite surprised” to see LNG show up on China’s tariff list. With China’s aggressive move away from coal “I would have thought that the government would have wanted to ensure adequate supply,” he said in an email.

Meanwhile, Tellurian’s chairman, Charif Souki, downplayed the threat. ‘’This is people posturing one way or another on both sides of the equation; it changes nothing,” Souki in an interview. “One word: gibberish. ”

China has a “very fundamental need” for LNG and U.S. gas at $2.75 per million British thermal units is a sharp discount to the roughly $10 LNG is going for in Asia, according to Souki. Tellurian is signing non-binding agreements with some of a pool of about 25 possible partners in its project, some of which are Chinese companies, Souki said.

Whether or not the tariff will deter those negotiations with the companies from China is unknown, he said.

— With assistance by Christine Buurma, Kevin Varley, Ryan Collins, and Anna Shiryaevskaya

Before it's here, it's on the Bloomberg Terminal. LEARN MORE

Haven't bought or sold any IAHL shares in many years. Holding. Waiting. Much easier to wait elsewhere. It was very stressful when I was here with you guys every day. Now I sometimes spend weeks without a single stressful IAHL thought. Wishing us All the Best. Just wanted to post a Hello. I am not reading Any posts.

Holding ALL of mine. Just can't/won't be here right now. GLTA Longs.

Why they are selling?... Impatience or failed expectations. This is not a get rich quick stock.... unless you consider 5 years as quick.... False expectations owing to a lack of understanding of business & economics plays quite a large part in situations like this. Let 'em sell. You should be sick of worrying yourselves about it. Watch the Authorized and Issued Shares... either of those go up..... then it's time to shit or go blind....

Just got back from the road. Great News. Just a bit closer to fruition. Holdin' 'em close BBG.

Just found this today on a search for Altenesol Articles. Nice. Hang in there guys.

http://www.argusmedia.com/pages/NewsBody.aspx?id=1101385&print=yes

Colombian small-scale LNG developers eye Caribbean

10 Sep 2015 15:17 (+01:00 GMT)

Bogota, 10 September (Argus) — Developers of a small-scale LNG project in northern Colombia are eyeing Caribbean and Central American markets where many countries are seeking to wean off of oil for power generation.

Canadian independent Canacol Energy and US IAHL Colombian subsidiary Altenesol plan to start operating a liquefaction plant in Cordoba province in 2017.

Colombian utility Empresas Publicas de Medellín (EPM) and Miami-based Adventus Fuel have already committed to the first 15mn ft3/d (420,000 m3/d) train of the Nataly-1 plant. Altenesol is in separate negotiations to place the second 15mn ft3/d train.

The facility, the first of its kind in Colombia, will distribute the LNG on specially designed container trucks that give the company flexibility to export LNG on cargo ships and service domestic markets by road. Altenesol tells Argus that in addition to export markets, it is also exploring the potential for gas-based road transport.

Altenesol expects to close financing within two months for the $110mn liquefaction plant. The company says 30pc will be financed with equity and the remaining 70pc through financing from Colombian and Canadian banks.

Gas producer Canacol is a partner in the Altenesol-led project with a 26pc stake that it bought in exchange for investing $13mn.

The Nataly-1 liquefaction plant is adjacent to Canacol's VIM-5 license gas fields Nelson, Palmer and Clarinete that currently produce around 20mn ft3/d. The company is aiming to boost output to 83mn ft3/d by December 2015.

The liquefaction project, located in El Viajano, Sahagún municipality, appears to position Canacol to better monetize its modest gas production at a time when many fellow independents in Colombia are struggling under the weight of sagging oil prices.

Barbados-based Cavengas Holdings recently acquired 19.9pc of Canacol´s shares for C$78.9mn ($59.6mn), two thirds of which the company plans to use to galvanize capital spending. Canacol allocated 49pc of its $84mn budget this year to gas production and development in Colombia's Lower Magdalena Valley basin.

The Colombian energy ministry's planning unit Upme projects gas demand to grow by around 28pc over the next 10 years, but domestic production is flagging. Gas output averaged 951mn ft3/d in August, down by 12pc from the same month last year.

A group of thermal power generators known as Grupo Termico is negotiating LNG supply for a new regasification terminal that is under construction near Cartagena.

A looming domestic gas shortage has not caused Canadian independent Pacific and Belgian Exmar to withdraw a plan to install 0.5mn t/yr of liquefaction capacity off Cartagena, although the project has been repeatedly reconfigured and delayed.

Pacific aims to export gas from its 46mn ft3/d La Creciente field in Sucre province, adjacent to Canacol's VIM-5 license.

Many nearby Caribbean and Central American countries rely on Venezuela for subsidized oil supply under Venezuela´s 10-year-old PetroCaribe program. But economic and political uncertainty in Caracas has fueled widespread doubts about the sustainability of supply.

US companies are also preparing small-scale LNG export plans to meet incipient demand in the Caribbean.

Been on the road all day. Just got in and read the News. Be patient. We're gettin' there. Each News Report is better than the last. :)

Hey, MD. Every now and then... Somebody dumps a few thousand at the Market and triggers the low ball Buy Orders. Impatience. Picked up most of my shares that way.
Good to see you. We can use a bit more Bid support.
Don't be a stranger. :)

IAHL Monthly Chart:

Not Crickets or Cicada........ maybe it's.... Frogs.... or maybe Coyotes or maybe.....Wolves. I'll just look up at all these Stars and wait patiently for the next step.

Reading back through the thread I see a lot of frustration with the Company over lack of communication. They speak to us when there is something that needs said. I have accepted this as have some of the other longs.

I didn't sell any shares when it was in the 60s & 70s.... and for sure would NEVER sell any shares way down here. I will hold as long as it takes.

Looks like they bumped me off of Mod again due to my latest adventure necessitating no access to the internet.

Wow. B BALL GUY is now an advocate of IAHL patience. :) This is an amazing thing. Excellent.

Canacol Energy Ltd. Announces 234 BCF (41 MMBOE) Increase in 2P Gas Reserves in Colombia


CALGARY, ALBERTA--(Marketwired - Mar 12, 2015) - Canacol Energy Ltd. ("Canacol" or the "Corporation") (CNE.TO)(CNNEF)(BVC:CNEC) is pleased to announce a 234 billion cubic feet ("BCF") (41 million barrels of oil equivalent - "MMBOE") increase in its working interest before royalty 2P gas reserves associated with its recent Clarinete and Palmer discoveries, and a positive revision at its Nelson field. Canacol working interest before royalty 2P gas reserves as of February 28, 2015 are 345 BCF (61 MMBOE) with a pre-tax net present value discounted at 10% ("PTNPV10") of US$ 852 million. The majority of these gas reserves have been contracted via 5 to 15 year take or pay sales contracts with pricing ranging from US$4.90/MMBTU to US$ 8/MMBTU escalated between 2 to 3% per year during the course of each contract. The increase in reserves is attributed to exploration success at the recent Clarinete discovery on the VIM 5 Exploration and Production ("E&P") contract, the recent Palmer discovery on the Esperanza E&P contract, and a positive technical revision related to original gas in place at Nelson field on the Esperanza E&P contract. The current 2P gas reserves are more than sufficient to satisfy all of the existing gas sales contracts, including the recently executed sales contract to Altenasol. In addition to Canacol's 2P gas reserves cited above, the Corporation's working interest before royalty 2P oil reserves plus deemed volumes are 23 MMBOE with PTNPV10 of US$ 556 million as of June 30, 2014.

Charle Gamba, President and CEO of the Corporation, commented "The success of our gas exploration program and, most importantly, the large discovery at Clarinete, marks an important milestone in the maturation of our gas platform in Colombia, which commenced with the acquisition of Shona Energy in 2012. The take or pay gas contracts we have executed in recent years will provide stable long term cash flow through to 2021 not tied to global oil prices, and we expect our gas exploration programs on our assets in the Lower Magdalena Basin to continue to deliver meaningful reserve adds that we can quickly commercialize via new sales contracts. Clarinete was our first exploration well drilled on VIM 5, and there are 10 additional prospects to be drilled on this block in the future. The recent execution of the Altenesol sales contract for 35 mmscfpd commencing in 2017 exposes Canacol to future growth via the export of LNG to the Caribbean market. We anticipate that approximately one third of Canacol's gas sales in 2017 will be directed towards foreign markets, with the balance delivered to the local Colombian market. The Corporation remains on track to ramp gas production from the current level of approximately 20 mmscfpd to over 83 mmscfpd by December 2015."

Canacol's exploration success at Clarinete and Palmer has resulted in new reserve additions of 184 BCF (32 MMBOE) and PTNPV10 of US$ 376 million. Best estimate gas prospective resources of 209 BCF (37 MMBOE) and PTNPV10 of US$ 295 million have also been attributed to the undrilled portion of the Clarinete discovery. The Corporation plans to drill up to two appraisal wells in calendar 2015 in the prospective resource area of the Clarinete discovery in order to move prospective resources into the reserves category. In this respect, the Corporation is pleased to announce that it has purchased the 25% interest in the VIM5 (including the Clarinete discovery) and the VIM 19 contracts from its industry partner, with the Corporation now owning 100% interest in both Contracts. The net consideration payable to the partner by the Corporation for the purchase of the interests consist of (a) US$18,046,000, payable entirely through the issuance of 8,749,424 common shares of the Corporation ("Common Shares"), (b) a payment of US$5 million due on September 11, 2015 and payable, at the election of the Corporation, in either cash or Common Shares to be priced at the five (5) day volume weighted trading price of the Common Shares on the TSX at such time, (c) a payment of US$1.13 million per BCF for 25% of proven and probable reserves booked to the Clarinete discovery over and above those booked by the February 28, 2015 report, if any, up to and including the time of the Corporation's reserve report for the period ending June 30, 2016, capped at a maximum of US$13 million, and payable 15 days after the issuance of such report, at the election of the Corporation, in either cash or Common Shares to be priced at the five (5) day volume weighted trading price of the Common Shares on the TSX at the time of issuance, and (d) a 1% royalty on net revenues from gas sales on the blocks, excluding the current Clarinete discovery, capped at a cumulative total of US10 million. The Common Shares being issued as part of the first tranche of the consideration, as well as any additional Common Shares that may be issued at the election of the Corporation in respect of subsequent tranches, are subject to a four (4) month required legal hold period as well as an escrow arrangement whereby such Common Shares are released to the seller in four (4) equal tranches at the end of each calendar quarter subsequent to their initial issuance. The issuance of the Common Share portion of the consideration contemplated by the transaction is subject to customary TSX acceptance requirements. Application has been made to the TSX in relation to the same.

Independent Evaluation by Petrotech Engineering Ltd. ("Petrotech")

The Corporation engaged Petrotech Engineering Ltd. "Petrotech" to conduct an independent evaluation of the gas reserves for Canacol's 100% working interest in the Nelson and Palmer fields in the Esperanza Contract and the gas reserves and prospective resources for Canacol's 100% working interest in the Clarinete discovery in the VIM 5 contract. All evaluations were effective February 28, 2015.

Petrotech prepared the evaluation in accordance with resource and reserve definitions, standards and procedures in the Canadian Oil and Gas Evaluation ("COGE") Handbook.

Clarinete Reserves, VIM 5 Contract

Petrotech
28-Feb-2015
Pre-tax
Working Interest Before Royalty Volumes in BCF and MMBOE Reserves Reserves NPV-10
Pre-tax NPV-10s in millions of US dollars BCF MMBOE* MM$
Total proved (1P) 108.7 19.1 $ 196.7
Probable 41.3 7.2 62.4
Total proved plus probable (2P) 150.0 26.3 $ 259.1
Possible 10.7 1.9 16.2
Total proved plus probable plus possible (3P) 160.7 28.2 $ 275.3


Clarinete Prospective Resources, VIM5 Contract

Petrotech
28-Feb-2015
Pre-tax
Working Interest Before Royalty Volumes in BCF and MMBOE Resources Resources NPV-10
Pre-tax NPV-10s in millions of US dollars BCF MMBOE* MM$
Low Estimate 131.7 23.1 $ 198.2
Best Estimate 208.7 36.6 $ 295.1
High Estimate 318.8 55.9 $ 425.7


Palmer Reserves, Esperanza Contract

Petrotech
28-Feb-2015
Pre-tax
Working Interest Before Royalty Volumes in BCF and MMBOE Reserves Reserves NPV-10
Pre-tax NPV-10s in millions of US dollars BCF MMBOE* MM$
Total proved (1P) 16.5 2.9 $ 58.7
Probable 17.8 3.1 58.4
Total proved plus probable (2P) 34.3 6.0 $ 117.1
Possible 4.0 0.7 14.6
Total proved plus probable plus possible (3P) 38.2 6.7 $ 131.7



Nelson Reserves, Esperanza Contract

DeGolyer & MacNaughton 8 months Production Technical Revision Petrotech
July 1, 2014 to
30-Jun-2014 February 28, 2015 28-Feb-2015
Pre-tax Pre-tax
Working Interest Before Royalty Volumes in BCF and MMBOE Reserves Reserves NPV-10 Reserves Reserves NPV-10
Pre-tax NPV-10s in millions of US dollars BCF MMBOE* MM$ BCF MMBOE BCF MMBOE BCF MMBOE* MM$
Total proved (1P) 102.3 18.0 $ 252.4 3.8 0.7 1.1 0.2 99.6 17.5 $ 344.4
Probable 8.9 1.6 90.1 52.1 61.1 10.7 131.8
Total proved plus probable (2P) 111.3 19.5 $ 342.5 3.8 0.7 53.2 9.3 160.7 28.2 $ 476.2
Possible 13.5 2.4 36.8 -1.5 12.0 2.1 7.9
Total proved plus probable plus possible (3P) 124.7 21.9 $ 379.3 3.8 0.7 51.7 9.1 172.7 30.3 $ 484.1

*BOE conversion using 5.7Mcf:1 bbl, as required by the Ministry of Mines and Energy of Colombia.

The numbers in these tables may not add exactly due to rounding.

The board of directors of Canacol has approved a capital budget of US$ 48 million for the first half of calendar 2015 to June 30, 2015. The Corporation will provide formal capex and production guidance for full calendar 2015 in mid April 2015 to coincide with the closing of the new BNP credit facility which went into syndication earlier this week.

Prospective resources are those quantities of oil and gas estimated to be potentially recoverable from undiscovered accumulations. There is no certainty that the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the prospective resources. Application of any geological and economic chance factor does not equate prospective resources to contingent resources or reserves.

Low estimate is considered to be a conservative estimate of the quantity that will actually be recovered. It is likely that the actual remaining quantities recovered will exceed the low estimate. If probabilistic methods are used, there should be at least a 90 percent probability (P90) that the quantities actually recovered will equal or exceed the low estimate.

Best estimate is considered to be the best estimate of the quantity that will actually be recovered. It is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability (P50) that the quantities actually recovered will equal or exceed the best estimate.

High estimate is considered to be an optimistic estimate of the quantity that will actually be recovered. It is unlikely that the actual remaining quantities recovered will exceed the high estimate. If probabilistic methods are used, there should be at least a 10 percent probability (P10) that the quantities actually recovered will equal or exceed the high estimate.

Estimates of reserves and prospective resources were prepared using land and technical information including well information, engineering, geological and geophysical data available from Canacol to February 28, 2015.

The reserves evaluations, effective June 30, 2014 and reserves and resources evaluations effective February 28, 2015 were conducted by the Corporation's independent reserves evaluators DeGolyer and MacNaughton and Petrotech Engineering Ltd., respectively, and are in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. The reserves and resources are provided on a working interest before royalty basis in units of millions of barrels of oil equivalent using a forecast price deck for gas and oil, adjusted for crude quality, in US dollars. The estimated values may or may not represent the fair market value of the reserves and resources estimates.

Canacol is an exploration and production company with operations focused in Colombia and Ecuador. The Corporation's common stock trades on the Toronto Stock Exchange, the OTCQX in the United States of America, and the Colombia Stock Exchange under ticker symbols CNE, CNNEF, and CNEC, respectively.

This news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur, including without limitation statements relating to estimated production rates from the Corporation's properties and intended work programs and associated timelines.

Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation cannot assure that actual results will be consistent with these forward looking statements. They are made as of the date hereof and are subject to change and the Corporation assumes no obligation to revise or update them to reflect new circumstances, except as required by law. Information and guidance provided herein supersedes and replaces any forward looking information provided in prior disclosures. Prospective investors should not place undue reliance on forward looking statements. These factors include the inherent risks involved in the exploration for and development of crude oil and natural gas properties, the uncertainties involved in interpreting drilling results and other geological and geophysical data, fluctuating energy prices, the possibility of cost overruns or unanticipated costs or delays and other uncertainties associated with the oil and gas industry. Other risk factors could include risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities, and other factors, many of which are beyond the control of the Corporation.

Boe Conversion - The term "boe" is used in this news release. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of cubic feet of natural gas to barrels oil equivalent is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In this news release, we have expressed boe using the Colombian conversion standard of 5.7 Mcf: 1 bbl required by the Ministry of Mines and Energy of Colombia.

"Deemed volumes" are defined as those volumes produced under a service agreement in which the Corporation does not have a direct interest, but represents reserves attributable to the Corporation as calculated using the cash flow divided by the fixed tariff price over the life of the reserves. The Corporation has a risk service contract with Ecopetrol S.A. in the Mirador formation at its Rancho Hermoso field for which it receives a fixed tariff price for each gross barrel produced. The Corporation also has a non-operated 25% equity participation interest in an incremental production contract on the Libertador/Atacapi fields in Ecuador for which it receives a fixed price tariff for each incremental barrel produced.




Contact:

Canacol Energy Ltd.
Investor Relations
800-352-0555 FREE
IR@canacolenergy.com
www.canacolenergy.com

IAHL Monthly Chart:

That sounds more like the old TPIMTTS. Nothing here is quite good enough. Half empty glass.

Looking at our Monthly Chart. I cannot understand why ANYONE would sell into this News. Amazing. This News shows that more News is coming and each new PR will be stronger. Maybe there are some non-readers trading stock. lol.

$1,600,000,000 in LNG revenue alone after both trains are up and running.... THIS IS A BIG, BIG DEAL!!!

Stock is moving to stronger hands. The person that paid .61 will most likely not be selling it any time soon. The Seller will someday lament today's sale. Hopefully soon. :)

It wasn't me. IAHL Shares are not ripe yet.

Still... that one trade was for over $15,000 worth of stock. Bang! Just like that. Someone that believes in this stock bought it at the $0.61 ASK.

One Month IAHL Chart:

Alright, IAHL has positive support from Pen Is Mightier! Wow. Hell done froze over. We're in the best shape we've ever been in.... right NOW! Go IAHL !

Altenesol Completes 15 Year LNG Contract and Doubles Canacol Energy Ltd. Gas Supply Contract

Altenesol, LLC 24 minutes ago

GlobeNewswire

ORLANDO, Fla., Feb. 6, 2015 (GLOBE NEWSWIRE) -- IAHL Corporation (Other OTC:IAHL) is pleased to announce that its subsidiary, Altenesol LNG Colombia S.A.S. has finalized a 15 year take-or-pay agreement for the first LNG Train and has increased the fully executed Canacol gas supply contract from 17.5 to 35 million standard cubic feet per day ("MMscfpd") for the same time period for a second LNG Train that shall be in operation approximately 14 months from the commission of the first Train.

Adventus Fuel Inc. (AFI) has executed a 15 year take or pay contract for 14,000 million btu per day (MMbtud)) of LNG from train one of the Nataly 1 site. The approximate value of this contract over the full term is over $800 MMUSD. As an international trader, AFI's wide array of customers will enable the LNG expansion that Altenesol has envisioned to become a major Alternative Energy Architect in South America, Central America and the Caribbean. The LNG from the second Train (180,000 GPD) has been committed to AFC and predetermined arrangements are on the way to amend the existing contract as soon as possible.

Canacol Energy (CNE) has doubled the gas supply contract from 17.5 to 35 MMscfpd for a term of 15 years based on the LNG demand from AFI. This fully executed contract secures gas supply for the second train bringing total capacity of the Nataly 1LNG Plant to 360,000 GPD. When all contracts are finalized, the estimated total production value will be over $1.6 BUSD over a 15 year term. The initial agreement was broadened in scope due to the significant gas find from the recently found Clarinet discovery located on the VIM5 E&P contract. The pre drill best estimate for recoverable prospective resource at Clarinet is approximately 540 billion cubic feet (BCF) of gas. This added more time to the initial process but was necessary for our expansion.

CNE has also entered into a signed agreement option, with Altenesol, to participate in the LNG revenue chain from an equity investment of 13 MMUSD into the project in exchange for an approximate 26 percent ownership position. Under the contract Altenesol will pay U.S 4.90 /MMbtu with a 2% escalation clause over the 15 year contract period, which is a past through to the off-takers. CNE has already executed two other gas contracts previously at 5.40 / MMbtu and 8.00 / MMbtu with 3% escalation clauses to other sources.

"Altenesol provides us with a direct route to growing the South America, Central America and the Caribbean consumers and exposure to the full value chain from gas sales to LNG sales as we expand our market," said Charle Gamba C.E.O Canacol.

"We look forward to a mutually beneficial relationship with Canacol and a shared vision of the Global LNG market. We have a solid foundation in place and a blueprint to accelerate expansion. CNE's option to participate in the equity of the project opens greater expectations to Altenesol's vision as well as having a solid company supporting the proliferation of the LNG through South America, Central America and the Caribbean. We thank the many team members that have made this possible, in particular the Philippi, Prietocarrizosa & Uria law firm and our agents BTG-Pactual Colombia/MVC as well as our shareholders for their patient support as we build a solid corporation for the future. Many company developments are nearing completion and will add to our value," said Nelson De La Nuez C.E.O. Altenesol/IAHL.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.




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Contact:

Info@altenesol.com

Canacol Energy Ltd. (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to announce that its Colombian subsidiary CNE Oil & Gas S.A.S., in its capacity as operator of the VIM 5 Exploration and Production contract in Colombia, executed a new 15 year take or pay contract for the sale of 35 million standard cubic feet per day (6,140 barrels of oil equivalent per day) of gas to Altenesol LNG Colombia S.A.S. commencing in the fourth quarter of calendar 2016. Pursuant to an existing agreement, as previously announced, an industry partner has a right to a 25 percent interest in the VIM 5 E&P contract, subject to regulatory approval and meeting certain financial commitments. Under the terms of such agreement, however, the Corporation retains operatorship and a right to commercialize 100 percent of the gas produced from contract on behalf of the partners.

Under the terms of the new take or pay gas sales agreement, Altenesol will pay US$ 4.90 / MMbtu (US$ 27.93 / barrel of oil equivalent), escalated at 2% per year across the term of the contract. In addition, Canacol and Altenesol executed an agreement pursuant to which Canacol has the option to participate in the revenues generated by the sale of the LNG through an equity ownership position in Altenesol of approximately 26% in exchange for investing US$ 13 million in the project.

Altenesol will use the gas to produce approximately 360,000 gallons of Liquefied Natural Gas per day at a dedicated liquefaction facility that will be composed of two LNG trains (180,000 GPD each) to be located close to Canacol's operated Jobo gas processing facility. The second LNG train shall start operation within 12 to 16 months after the first. Altenesol has recently executed a 15 year take or pay contract to sell the LNG to be produced by the facility to Adventus Fuel Inc, an international distributor for export to markets in South America, Central America and the Caribbean at a sales price of approximately US$ 11 / MMbtu (US$ 62.70 / boe) FOB Plant. Canacol, through its beneficial ownership of Altenesol, will also derive revenues from the sale of the LNG of approximately US$ 1.25 / MMbtu (US$ 7.12 / boe). As such, total revenues from the gas sales contract and Canacol's beneficial ownership in Altenesol are expected to be approximately US$ 6.25 / MMbtu (US$ 35.63 / boe) escalated at 2% per year across the 15 year tenure of the take or pay contract.

The gas for the contract will come from the recently discovered Clarinete gas field located on the VIM 5 E&P Contract. The Corporation recently flow tested the first of two reservoirs within the discovery at approximately 21 MMscfpd, and is currently flow testing the second reservoir interval, with results to be announced shortly. The pre drill best estimate for recoverable prospective resource at Clarinete is approximately 540 Billion cubic feet of gas.

Charle Gamba, President and CEO of the Corporation, commented "This new sales contract demonstrates the Corporation's ability to quickly commercialize its gas finds in Colombia, in this case the significant gas discovery we recently made at Clarinete on the VIM 5 contract. Our beneficial ownership of Altenesol exposes Canacol to revenues from the full value chain of the LNG project, from gas sales through to the sale of the LNG product itself, of approximately US$ 6.25 / MMbtu (US$ 35.63 / boe) escalated at 2% per year across the 15 year term of the contract. This translates into approximately US$ 1.2 billion of undiscounted gross revenues from the sales contract and the beneficial ownership of the Altenesol. Additionally, this new contract and our beneficial ownership in Altenesol will provide us with a direct route to the growing South America, Central America and the Caribbean gas market for Canacol's gas as we continue to make new discoveries."

This new contract is expected to take Canacol's gross gas production to 118 MMscfpd (20,700 boepd) by year end calendar 2017. As previously announced, the Corporation in 2014 executed three gas sales contracts for a combined 65 MMscfpd (11,052 boepd) which is expected to take Canacol's current daily gas production of approximately 20 MMcfpd (3,509 boepd) to 83 MMcfpd (14,561 boepd) in late calendar 2015 with pricing from US$ 5.40/MMbtu (US$ 30.78/barrel of oil equivalent) to US$8.00/MMbtu (US$ 45.60/boe) escalated at approximately 3% per year.

"We look forward to a mutually beneficial relationship with Canacol and a shared vision of the Global LNG market. We have a solid foundation in place and a blueprint to accelerate expansion. Canacol's option to participate in the equity of the project opens greater expectations to Altenesol's vision as well as having a solid company supporting the proliferation of LNG through South America, Central America and the Caribbean. We thank the many team members that have made this possible and our shareholders for their patient support as we build a solid corporation for the future. Many company developments are nearing completion and will add to our value" commented Nelson De La Nuez CEO Altenesol/IAHL.

I don't know if you've ever looked at your past posts but you seem to have never been high on this stock. Seems that you've been pissing ever since your arrival here. I'd truly enjoy watching someone unload half a million shares of this thinly traded stock. Especially if they were doing it with strong negative attitude. That way I'd never feel sorry for them later. Talk about a buying opportunity. Wow. Piss away.

IAHL will some day be a Multi-Dollar stock IMHO. Sometimes we don't even see the messages attempting to spread seeds of fear, uncertainty and doubt. I-Hub has given us the 'Ignore Feature'.

This kind of business is not completed quickly. 'Zero Fluff' is what I demanded when ALTENESOL came under our IAHL ticker. Seems that they have complied.

Low volume trades at the Bid to spook us out of shares. I read the messages. I imagine the agenda behind them and I wait.

Here's wishing you a Super IAHL New Years. GLTA. Holding. :)

Just wanna make sure I don't miss it this year. Time flies. :)

Hey Y'all...Happy 2015! Good Luck, in all your endeavors. :)

One Month IAHL Chart:

Wow. Is that really you writing that? What have you done to B BALL GUY. You are quite obviously not him. :)

I have Scottrade and can see the individual trades and times. Do I see that some days are nearly all red and then a little buy at the ASK makes things look 'all better'? When it's not. Do I think that it's the right thing to do? NO. Do I understand why it happens? I think so.

Like I said.... Anyone that wants to see this stock succeed has an interest in the stock price being as high as it can be. They are all suspect. Good luck in finding those small volume, late in day, buyers..... and by the way there is NO rule about buying a few shares of stock whenever they damn well want to. Maybe you could get into a pissing contest with those Nasty Ass ASK buyers and see if you can't sell a few at the BID just before the bell. Can if you want. It'd look bad when Wifey looks into their portfolio that nite but go ahead. The deserve it.... Rotton SOBs. No problem. Could be dozens of 'em. Buying those little bits for dozens of reasons. ...but do I believe it's SINISTER? Absolutely not. I've seen sinister and I don't see it here. I see a bunch of naive Non-traders that just want the stock to remain as high as possible. This board is not the same as the ones where the Sinister shit is going on.

I think you may have mistaken my point. The day to day swing of the stock matters not at all. Progress reported by the Company is the only thing that we need. Until then....It makes NO differnce to me what the price is as long as that Accum/Distr line stays sky high on that chart. I'll go back to my patient waiting and let you scamps buy and sell bits of IAHL until we show up on World Radar. Then all the paranoid concerns should be resolved.

Life is good.

Who DO you accuse of being the rotten bastard that buys 100 shares at the end of the day. ...(Spoiler Alert: Not Me.)

Here's what I think.... based on buying many, many diluted pig penny stocks and learning how to read a chart and what to look for as Warning Signs. Dilution is almost always what eats your ass off of you. I don't see it. I'm OK. The rest is you guys...thrashing around....pissing on yourselves.....buying and selling.

Who benefits from the stock being as high as possible at the end of each day?

One of those Scamps would buy 100 shares at ASK at end of day to:

Make their portfolio look Thousands of Dollars better. for Wifey.
Make Buyers pay more the next day.
Hold up the price of their stock.
Make the Ticker look better.
Hold the Chart together.
.... and many more acceptable reasons. Mostly psychological.

Who would bitch that someone has done this....Hmmmm.

Wow, Pen Is Mightier, I can't believe that you are still here. Verbally beating your own stock message after message after message. You do own this stock.... don't you?

Chart looks perfectly fine to me. Maybe you're watching TOO HARD. Jeeeesh. Reread my caution to fraidies message.

I believe that everything is moving behind the curtain just the way it needs to move. I am reassured that all is well every time I view the accum/distr line on our 3 month chart. That's why I put it up as my MOST important sticky. I call it the 'dilution line'. It's pointing in the 'right' direction. Hang in there team.

3 Month IAHL Chart: