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$Colombia and Latin America
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Re: AXL....note from CFO on meeting with ANH last weekWe do know that the ANH is working on some new legislation regarding unconventional development in Colombia. That effects the VMM2 field, where the Oso Pardo extension is, as Conocophillips and Canacol own the unconventional rights on that field. The ANH believe that the legislation will take a “couple of month Any idea what this means? It seems to imply that they will allow unconventional development ( fracking ) but I can't believe that. My take was that the opposite is more likely. They can't open the block until they have the legislation which will prevent Conoco and Canacol from exploiting it. Unfortunately, "a couple of months" means "maybe this year". I don't understand the roadblock problem. All they have to do is break down the rigs into pieces that will fit into Good Humor trucks, which should get past the roadblocks OK. Even Colombian leftists love ice cream. |
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