IAHL Corporation (IAHL)

[Gators12]

Colombia's first leftist president Gustavo Petro wants to move away from fossil fuels and has stopped awarding new exploration licenses for oil and gas. But Colombia has 11 existing licenses in which some international majors partner with Ecopetrol.

One such venture, a Shell- Ecopetrol collaboration, found gas last year in the Gorgon-2 well in Colombia's Caribbean deep waters. Ecopetrol and operator Shell are partners in the Col-5, Fuerte Sur, and Purple Angel blocks in the Caribe Sur area with a 50% interest each.