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Altenesol S.A.S. Signs Binding Agreement With Empresas Publicas de Medellin (EPM)
GlobeNewswire - Fri Jan 31, 8:45AM CST
IAHL Corporation (Other OTC:IAHL) IAHL is pleased to announce that its subsidiary Altenesol Colombia S.A.S has signed a binding agreement with Empresas Públicas de Medellin (EPM) https://www.epm.com.co/ for the purchase of LNG from the Nataly I plant to supply the region of the Uraba Antioqueno which is being served with a virtual CNG system. The contract will be structured by a fixed ten year stipulation with various provisions that will allow for quantity extensions provided both parties are in agreement.
Altenesol and Altenesol S.A.S. Complete FEED Study and Land Purchase
GlobeNewswire - Fri Dec 20, 9:00AM CST
IAHL Corporation (Other OTC:IAHL) IAHL is pleased to announce that Altenesol LLC and Altenesol Colombia S.A.S. have completed both the front end engineering design (FEED) study and finalized the acquisition of the land upon which the Nataly I LNG plant will be constructed. The FEED study brings all aspects of the logistical, design, material, permitting and contingencies and cost estimates under a 3 percent margin. The final numbers from the FEED will give firmer insights for the construction's funding requirements. Altenesol Colombia S.A.S. has also completed the soil analysis, topographical, LNG Plant placement and road access studies.
Nataly 1 Projects Completes First Round of Funding
GlobeNewswire - Tue Apr 09, 8:30AM CDT
IAHL Corporation (Other OTC:IAHL) through its subsidiary Altenesol Colombia, S.A.S is pleased to announce that the next round of funding, for the LNG project in Colombia, has been secured. This initial tranche will be utilized for the following objectives:
Altenesol LNG Colombia S.A.S and Canacol Energy LTD Execute the Contract to Supply Natural Gas for Nataly 1
GlobeNewswire - Wed Feb 13, 11:26AM CST
IAHL Corporation (Other OTC:IAHL) is pleased to announce that further negotiations of a previously announced letter of intent on October 10, 2012, between its wholly-owned subsidiary, Altenesol Colombia S.A.S. ("Altenesol"), and Geoproduction Oil and Gas Company of Colombia ("Geoproduction"), a wholly-owned subsidiary of Canacol Energy LTD (Canacol), (TSX:CNE) (BVC:CNEC) has resulted in a signed 15 year natural gas supply contract for the Nataly 1 LNG project in Colombia. The contract is for the supply of 17 million cubic feet per day (MMCFD) of natural gas at a price of US$4.90 per MCF agreed to by both parties with an annual price escalation of 2% commencing in the second year of production under the contract.