RE:RE:RE:RE:RE:RE:From Joe In Colombia there is a moratorium on fracking. The Petro government is also pushing through new anti-fracking legislation that will make fracking in Colombia illegal. This may change in the future with new governments; however, we are not pursuing any unconventional plays in Colombia at this time.
Currently, we do not have plans to test zones other than the Umir with the two 2023 Oso Pardo drills. Exploration may take place once Arrow is granted an extension. We met again with the ANH on this matter earlier this month in Bogota. The ANH is very positive on the extension, and they want the investment in the community. The holdup seems to be finalizing the anti-fracking legislation. It does seem that the legislation is moving forward, it is just taking time.
Hope that helps.
Thanks
Joe