RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:From Joe We met with the new ANH President when we were in Bogota last month. This is the 3rd ANH President in the last two years.
He is very supportive and said he would help us with the process. The ANH wants the process to move forward because the extension will create jobs for the community in the Oso Pardo area.
The hold up continues to be ConocoPhillips. So far they have been unable/unwilling to write a letter stating that our shallow oil project will not interfere with their deep La Luna rights. ConocoPhillips has told us that they are waiting for the anti fracking legislation to be passed by congress so they can best understand their options in regards to their La Luna mineral rights.
Our Director, who is a member of the Canacol executive team, seems to be making progress in his discussions with ConocoPhillips. Canacol is a partner with ConocoPhillips in the VMM2 block La Luna project.
We are still expecting a positive conclusion to the process but can not confidently put a time line on receiving the extension approval.
If news does come out of recent discussions we will let investors know.
Thanks
Joe