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Re: B BALL GUY post# 44621

Tuesday, 10/29/2013 11:49:37 AM

Tuesday, October 29, 2013 11:49:37 AM

Post# of 49483
I too signed up over year ago and have not seen an emails by corporate. Imo, I think lack of news has to do with the company running into delays, problems, snags (whatever you want to call it). It's hard enough to start a company from the ground up, let alone do it in another country that is notoriously difficult to work with. Not to mention the social problems that exist within the country. Canacol energy is one of IAHLs contracted suppliers and I follow their updates as they are release news more consistently.I read this from their recent "production update" on 10/23/13.

"Production from the Nelson gas field in Colombia was impacted by social unrest affecting the buyers operation which resulted in a shortfall of approximately 0.8 mmscfd (140 boepd) in gas sales for the first half of October 2013. The situation has since returned to normal and gas sales have averaged approximately 18.0 mmscfd (3,150 boepd) over the course of the last week."

I don't know if that is the same gas field that supplies to IAHL but it might be?? This also could be effecting IAHL with completing FEED study, breaking ground for plant, finalizing contracts, etc.. Just a guess though to explain why we have not received any updates.