Altenesol Acquires Permits to Begin Nataly I

ORLANDO, Fla., Oct. 16, 2015 (GLOBE NEWSWIRE) — IAHL Corporation (Other OTC:IAHL) is proud to announce that its subsidiary, Altenesol Colombia S.A.S. has acquired the necessary permits to begin Site Preparation for the Nataly I LNG plant and construction in accordance with all protocols of “La Corporacion Autonoma Regional de los Valles de Sinu y de San Jorge” (CVS) in Colombia. In consequence, deforestation and water exploration which encompasses the site drilling of the water well for cooling purposes will allow the beginning of the construction Phase I and II of Nataly I for Train one as per the AMCS EPC signed contract.

“This has been the result of perseverance and hard work with the support from Bioparque Corporation, Canacol Energy, the Altenesol team in Colombia and the local regional officials who see this project as a venue to create much needed jobs in the region as well as its industrial development. When pioneering a selected niche, the logistical challenges involved in creating this historical endeavor define Altenesol and its values as an Alternative Energy company.  We have the visionary mindset of creating paths rather than following them. The results of our efforts will be beneficial for our investors, shareholders, the country of Colombia and the communities of the region. These permits will allow the equity and debt financial closing to move forward hence they are the key to conclude this process,” said Nelson De La Nuez C.E.O Altenesol/IAHL.

The Altenesol and AMCS teams along with the Canacol technical support team met at the Plant Site during the month of September of 2015 to discuss logistics, the 6 inch flow pipeline from Jobo Station to the Plant and to give all parties a personal walk through of the plant location and marked areas of proposed buildings and equipment locations. The proximity to Canacol’s Jobo Station will result in a minimal length pipeline directly to the LNG plant transporting the required NG for total production and energy needs.

Final off-take negotiations for the second 180K GPD of LNG are in the process with several potential off-takers to bring on-line a total of 2 trains with full output of 360K GPD level. Final numbers will be based on the execution of all aspects of the revenue stream as applied to each contract. Previously stated revenue on production will bring the company into a position to up list and increase our market awareness.  We feel this will dramatically increase our liquidity producing very attractive financing terms for any future expansions. This is a process that takes time and we thank our shareholders, investors and project developers as we build a global market presence.

The foundation in place during Phase I & II will result in a faster ramp up for Phase III which will expedite future expansion as shown in the LNG Site Plan rendering in the link below.

(http://www.altenesol.com/lng-plant-map)

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.  Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.

Info@altenesol.com

Altenesol LLC and AMCS Corporation Finalizes Contract to Build LNG Plant in Colombia

Nelson De La Nuez, CEO IAHL Corporation and Ishmael Chalabi, CEO of AMCS Corporation sign a Lump Sum Turnkey (LSTK) Equipment Procurement and Construction (EPC) contract for Nataly 1 LNG Plant in El Viajano, Colombia with an estimated revenue from Nataly I to be valued at approximately $1.6B USD over the 15 year term.

ORLANDO, Fla., Aug. 17, 2015 (GLOBE NEWSWIRE) — IAHL Corporation (Other OTC:IAHL) is pleased to announce that its subsidiary, Altenesol LLC has finalized the contract with AMCS Corporation for a Lump Sum Turnkey (LSTK) Equipment Procurement and Construction (EPC) for Nataly 1 LNG Plant in El Viajano, Colombia. This is an important milestone which defines the entire construction process identifying key aspects which will trigger the draw down process against construction funding. The contract covers project timetables, insurance liabilities, contingencies and remedies for potential problems as well as penalties and rewards for timely execution. This aligns the project interest and the EPC contractor to build to the highest standards as efficiently and quickly as possible.

The AMCS team is working closely on all aspects of the project drawing from their experience in the Global market. Identifying areas to expedite and utilizing their history with the various vendors and manufacturers being brought together to complete this project, AMCS continuously uses their core principles as listed below.

Global Reach

Has a Proven, demonstrated ability to execute projects anywhere in the world with an installed project base covering 30+ countries.

End-to-End Project Management

From concept through commissioning, each project is managed by time-lines, budgets, and project priorities.

Design Innovation. Ability to conceptualize, design, engineer, and tailor solutions to meet specific customer requirements.

Solution Focused

Supporting customers with project focused teams experienced in the planning, design, engineering, and management of projects and facilities.  Each project has been executed to maximize plant profitability.

“We’ve had a very positive experience working with Altenesol in this project. We believe that the combination of our technology, international project experience and Altenesol’s pioneering vision for the LNG market in this region provides a compelling and powerful solution for the region’s increasing demand for clean energy,” said Ishmael Chalabi, CEO of AMCS Corporation.

The incorporation of predicated design changes necessary to accommodate the increase from 180 thousand gallons a day (180K GPD) to 360K GPD delayed the initial AMCS agreement from being executed.  Management’s decision to make the expansion now will save the project millions of dollars in the preliminary as well as final stages of the buildout. This is a direct result from Canacol Energy’s (CNE) gas supply contract increase from 17.5 MMSCFD to 35 MMSCFD for a term of 15 years based on the LNG demand. The previously announced contract secures gas supply for the second train doubling total production capacity for Nataly 1 from the initial 180K GPD.  When all off take contracts are finalized, total estimated revenue from Nataly I shall be valued at approximately $1.6B USD over the 15 year term.

The final 360K GPD LNG plant will culminate in three stages:

  • Stages I & II encompasses all necessary equipment for LNG production of 180K GPD and other major required critical components to transition to the 360K GPD.
  • Stage III will finalize all facets to fully integrate the 360K GPD expansion.

In short summary the basic technical changes include: a) one single Cold-Box with two Heat-Exchangers cores of 180K GPD capacity each for a 360K GPD LNG production rather that two separate Cold-Boxes as originally planned; b) a second set of Turbo-Expanders as part of the Cold-Box integrated to commence when the second train enters full operation; c) one 2 million gallons field erected tank to store the LNG produced for a 5 days on site reserve at a rate of 360K GPD production; d) a Mercury removal reactor based on the NG chromatography; e) an additional LNG pump to supply a four cryogenic trailers loading station; and f) two 800 kw NG engines generators.

The initial gas supply agreement was broadened in scope due to Canacol’s significant gas find, from the Clarinet discovery located on the VIM5 E&P, and the strong vision of the LNG supply and demand market for Colombia, Central America, South America and the Caribbean based primarily on small scale LNG supply with Cryogenic ISO Containers which requires no infrastructure expenses in Colombia and/or any of the off-taker’s port of receipt.

“We are pleased to share Altenesol’s vision for small scale LNG production and delivery with the gas from Canacol as this is the cleanest burning fossil fuel supplementing the energy needs for developing countries,” said Charle Gamba, CEO Canacol Energy.

Simply put, AMCS will provide an extremely cost effective and highly customized plant solution for Nataly 1. Many significant items inter-related to the completion of the EPC contract can now move forward. The permitting process nears completion as the site preparation readies for ground breaking once final selections have been made regarding equity and debt terms which are in the process. Plans to increase our visibility and our investment tiers will follow as we move from the paper stage to the construction phase of the project.

“This journey has not been easy and many obstacles had to be overcome to make this project a success for our company, the investors and the shareholders. We thank you all for the continued support as we move to the final stages of this project and the eventual production of significant revenue,” said Nelson De La Nuez, CEO IAHL Corp.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.  Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.

ALTENESOL COMPLETES 15 YEAR LNG CONTRACT AND DOUBLES CANACOL ENERGY LTD. GAS SUPPLY CONTRACT

ORLANDO, Fla., Feb. 6, 2015 (GLOBE NEWSWIRE) — IAHL Corporation (Other OTC:IAHL) is pleased to announce that its subsidiary, Altenesol LNG Colombia S.A.S. has finalized a 15 year take-or-pay agreement for the first LNG Train and has increased the fully executed Canacol gas supply contract from 17.5 to 35 million standard cubic feet per day (“MMscfpd”) for the same time period for a second LNG Train that shall be in operation approximately 14 months from the commission of the first Train.

Adventus Fuel Inc. (AFI) has executed a 15 year take or pay contract for 14,000 million btu per day (MMbtud)) of LNG from train one of the Nataly 1 site. The approximate value of this contract over the full term is over $800 MMUSD. As an international trader, AFI’s wide array of customers will enable the LNG expansion that Altenesol has envisioned to become a major Alternative Energy Architect in South America, Central America and the Caribbean. The LNG from the second Train (180,000 GPD) has been committed to AFC and predetermined arrangements are on the way to amend the existing contract as soon as possible.

Canacol Energy (CNE) has doubled the gas supply contract from 17.5 to 35 MMscfpd for a term of 15 years based on the LNG demand from AFI. This fully executed contract secures gas supply for the second train bringing total capacity of the Nataly 1LNG Plant to 360,000 GPD. When all contracts are finalized, the estimated total production value will be over $1.6 BUSD over a 15 year term. The initial agreement was broadened in scope due to the significant gas find from the recently found Clarinet discovery located on the VIM5 E&P contract. The pre drill best estimate for recoverable prospective resource at Clarinet is approximately 540 billion cubic feet (BCF) of gas. This added more time to the initial process but was necessary for our expansion.

CNE has also entered into a signed agreement option, with Altenesol, to participate in the LNG revenue chain from an equity investment of 13 MMUSD into the project in exchange for an approximate 26 percent ownership position. Under the contract Altenesol will pay U.S 4.90 /MMbtu with a 2% escalation clause over the 15 year contract period, which is a past through to the off-takers. CNE has already executed two other gas contracts previously at 5.40 / MMbtu and 8.00 / MMbtu with 3% escalation clauses to other sources.

“Altenesol provides us with a direct route to growing the South America, Central America and the Caribbean consumers and exposure to the full value chain from gas sales to LNG sales as we expand our market,” said Charle Gamba C.E.O Canacol.

“We look forward to a mutually beneficial relationship with Canacol and a shared vision of the Global LNG market. We have a solid foundation in place and a blueprint to accelerate expansion. CNE’s option to participate in the equity of the project opens greater expectations to Altenesol’s vision as well as having a solid company supporting the proliferation of the LNG through South America, Central America and the Caribbean. We thank the many team members that have made this possible, in particular the Philippi, Prietocarrizosa & Uria law firm and our agents BTG-Pactual Colombia/MVC as well as our shareholders for their patient support as we build a solid corporation for the future. Many company developments are nearing completion and will add to our value,” said Nelson De La Nuez C.E.O. Altenesol/IAHL.

Altenesol Colombia S.A.S Engages Prietocarrizosa to Finalize Contracts for Total LNG Production as Project Accelerates

Source: Altenesol, LLC
Date: June 9, 2014

IAHL Corporation (Other OTC:IAHL) is pleased to announce that its subsidiary, Altenesol Colombia S.A.S, has engaged the final contracts for the sale of all volume from the first 180,000 gallon per day (GPD) train of Nataly I. The finalized contracts are being drafted outlining all covenants to be addressed including the 10 year take-or-pay (TOP) contract structure.

Empresas Publicas de Medellin (EPM) and Adventus Fuels (AFC) commitments have solidified 100 percent of the volume from train 1 with final contracts on the way. AFC specializes in trading and developing Small/Midscale LNG fuel and terminals in the Caribbean, LATAM, and West Africa market. Structure S.A. Banca de Inversión is one of the sponsors of AFC (www.Adventusfuels.com). AFC associates include but not limited to Genser Energy (www.Genserenergy.com), Haytrac (www.Haytrac.com), Structure S.A. Banca de Inversión (www.Structure.com.co), Small-LNG (www.Small-LNG.com) and LNG America (www.LNGAmerica.com).

“We see this project as an excellent source to provide lower energy costs to the market and our experience in the energy sector gives us access to many companies that will benefit from bringing this technology to them,” said Hector Ulloa J, President, Structure Banca de Inversión.

Luis Cardenas legal representative of AFC commented, “We look forward to expanding the impact of this technology into many areas in and around Latin America and a long and mutually beneficial relationship with Altenesol.”

“Equity and debt funding completion is nearing as several entities are vying for the right to participate in the final closing. Those names will only be released upon final contract signing due to the competitive nature of this process. We continue to evaluate all final terms and conditions equally that are being offered from those entities. Our vision and efforts have moved from investor procurement to partnership selection as we select only those who are most advantageous to the company and for the betterment of our shareholders’ interest,” said Nelson De La Nuez, C.E.O Altenesol/IAHL.

We are proud to announce the engagement of Prietocarrizosa (www.Prietocarrizosa.com), a prestigious law firm of Colombia, to handle the closing of Equity, Debt, LNG off-take and all other contracts related to the project. Their team provides expert legal advice and act as representatives for local and multinational companies as well as for individuals and governmental organizations. They have provided legal advice to the Colombian government; have structured and carried out mergers and acquisitions; and have participated in numerous multifaceted international transactions. They have also worked in the complex oil and gas industry as related to contract, finance and project development.

“We are proud to bring our companies experience in both the finance and contract segments of this history making project benefiting both the people of Colombia and the surrounding regions,” said Juan Fernando Gaviria, Partner of Prietocarrizosa.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.

CONTACT: Info@altenesol.com

Altenesol LLC Selects AMCS Corporation

Source: Altenesol, LLC
Date: May 21, 2014

IAHL Corporation (other otc:IAHL) is pleased to announce that its subsidiary, Altenesol LLC, has selected AMCS Corporation (AMCSCORP.com) as the Lump Sum Turnkey (LSTK) Equipment Procurement and Construction (EPC) plant supplier for its 180,000 gallon per day Nataly 1 Liquefied Natural Gas (LNG) Plant in El Viajano, Colombia. AMCS is a global supplier of industrial gases and process plants, providing technology, equipment and engineering services.  AMCS has successfully executed turn-key projects in North America, Europe, the Far East, the Middle East, Australia-New Zealand and more importantly South America, with considerable experience in Colombia.  The AMCS team is comprised of a diverse and experienced group of engineering professionals holding many key technology patents. They are recognized as industry experts with hundreds of years of combined experience.  Their track record of success draws from their core competencies and fundamental abilities which include:

  • Global Reach. Proven, demonstrated ability to execute projects anywhere in the world with an installed project base covering 30+ countries.
  • End-to-End Project Management. From concept through commissioning, each project is managed by time-lines, budgets, and project priorities.
  • Design Innovation. Ability to conceptualize, design, engineer, and tailor solutions to meet specific customer requirements.
  • Solution Focused. Supporting customers with project focused teams experienced in the planning, design, engineering, and management of projects and facilities.  Each project is executed to maximize plant profitability.

AMCS engineers have patented a number of process designs for the process industries, LNG, and industrial gas manufacturing plants.  Their engineers have created many innovations in cryogenic process technologies. These engineers enable AMCS to provide the most cost effective and highly customized plant solutions for its clients.

“AMCS is proud to be an integral part of this landmark project, which combines a number of process technologies in addition to its power island design requirement.  We look forward to a mutually beneficial relationship. We see an increasing global demand for small to medium scale LNG plants, and AMCS, with its innovative LNG plant technology, is well positioned in this market,” said Ishmael Chalabi, CEO of AMCS.

Stuart Jara, company executive, commented, “Altenesol has established itself as the LNG leader in Colombia and the surrounding areas. I am pleased to be an integral part of the process to ensure the right plant LSTK EPC partners were considered and the right partner was selected. AMCS has the right technology, the right experience, and shares the same vision which makes them the right partner for the project.”

“Having AMCS become part of this venture solidifies the strength of our project both for the company and our investors.  Stuart Jara’s efforts provided an excellent bridge between our companies and their visions for the project. We are excited to move forward and execute the project with AMCS at our side. Nataly I total volume ten year take-or-pay commitments are moving forward to contractual stages from memorandum of understanding (MOU) stages. We are now processing and discussing indications of interest for an additional 180 thousand gallons per day,” said Nelson De La Nuez, CEO of Altenesol/IAHL.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.  Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect.  Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.

CONTACT: Info@altenesol.com

Altenesol S.A.S. Signs Binding Agreement With Empresas Publicas de Medellin (EPM)

Source: Altenesol, LLC
Date: Jan. 31, 2014

ORLANDO, Fla., Jan 31, 2014 (Menafn – GLOBE NEWSWIRE via COMTEX) –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 Pblicas 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.

EPM was established on November 18, 1955 as a residential public utilities company. It is organized as a state-owned, industrial and commercial enterprise, owned by the municipality of Medellin. EPM provides electricity, gas, water, sanitation, and telecommunications throughout various cities around the country and is one of the largest companies in the country with an approved annual budget for 2014 of 10.1 trillion COP (5.19 billion USD). EPM is comprised of 45 companies; 25 of them in Central America, United States and Spain, and 20 in Colombia. EPM is headquartered in the city of Medellin, Colombia.

“Securing EPM as a customer is a materially defining event for our company and our shareholders. We will disclose details on the final contract once it has been executed,” said Nelson De La Nuez, CEO IAHL/Altenesol.

“Achieving this milestone will enable the distribution of natural gas more efficiently regardless of any distance requirement. The process of transporting natural gas in its liquid form (LNG) optimizes the efficiency of the amount of NG delivered per trip. We believe this binding agreement sets the foundation to achieve revolutionary expansions of natural gas benefits for a vast number of people,” said Carlos Arturo Diaz, EPM Gas Vice-President.

EPC update:

Altenesol has procured a third party independent engineering firm (CH– IV International) http://www.ch-iv.com/ to analyze the final two EPC bids as they are very close in quality and price. Although minimal time will be required, it will ensure an independent selection and provide the best possible outcome for the company and shareholders. We will announce the winner of the bid when the entire selection process has been finalized.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.

CONTACT: Info@altenesol.com

Altenesol and Altenesol S.A.S. Complete FEED Study and Land Purchase

Source: Altenesol, LLC
Date: Dec. 20, 2013

ORLANDO, Fla., Dec. 20, 2013 (GLOBE NEWSWIRE) — 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.

FEED Study and EPC Contractor Update

The FEED study was finalized in December and has resulted in a lower CAPEX than expected to complete Nataly I LNG Plant.  We will announce the winner of the engineering, procurement and construction (EPC) contract in January of 2014. There has been a high level of interest for LNG from a number of entities in Colombia and other countries. A larger plant has also been engineered to handle those higher LNG requirements in the event that more off-takers exceed the current 180,000 GPD projections. Therefore, the actual LNG plant size will be directly subject to off-taker contractual agreements that are currently in negotiations. Those details will be disclosed in future press releases once the information is available.

BTG Pactual Colombia and MountainView Capital Corporation of Canada have played a key role in bringing the project to its current state by providing both commercial and financial support. Altenesol Colombia S.A.S. has formed an alliance among companies which are or will become involved in the LNG sector in Colombia to expand the market and work together to bring LNG to both the corporate and private sectors in Latin America.

The Alliance

The following is a list of the companies already signed into the alliance:

1) KENWORTH DE LA MONTAÑA — > Authorized PACCAR dealer in Colombia which is instrumental in future conversions of existing trucks in Colombia.

2) RENTING Colombia S.A. — > a subsidiary of Bancolombia group responsible for the leasing of the complete logistical service for companies throughout the country, a turnkey solution (leasing, maintainability, etc.) of their fleets.

3) GECOLSA — > Authorized Caterpillar dealer in Colombia.  They have the service contract with the mining companies utilizing all of the Caterpillar technology.  They will be responsible for installing and maintaining the LNG system for all of the converted equipment in the Gran Mining industry in Colombia.

The following companies are part of the Alliance in a supporting role:

1) Westport HD — > One of the largest producers of LNG conversion kits that go on to all new trucks utilizing the Cummins engines.

2) Cummins Inc. — > Engine manufacturer with over 85% on the market in Colombia.

3) BTG Pactual and MountainView Capital Corporation — > Agents supporting this technology in Colombia and sourcing the capital requirements.

4) Canacol Energy LTD — > Natural Gas supplier for the LNG Plants.

“This is a major milestone for our company, our shareholders and the people of Colombia. We are in final negotiations to close on long term contracts which were waiting on completion of the FEED study to move forward and we will release the details when we enter into a definitive agreement with such parties.

We will be adding details on each of the companies in the alliance on our website as well as a section dedicated to the construction process so our shareholders can see active progress. We have laid a very solid foundation which has taken extra time and work on the front end but will allow us to fast track both additional plants and revenue streams from all aspects of developing this new market. This will directly impact and quicken our goal of moving to a major exchange.” stated Nelson De La Nuez, CEO IAHL/Altenesol.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.  Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect.  Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.

Nataly 1 Projects Completes First Round of Funding

Source: Altenesol, LLC
Date: Apr. 9, 2013

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:

  • Completion of the Front End Engineering Design Study (Feed Study) which encompasses engineering scope, design and technology selection and comprehensive financial model;
  • Finalize land purchase, enabling site development and permitting, and
  • Due diligence and transaction expenses.

Several extremely qualified firms, all well versed in LNG and cryogenic plant engineering, design and construction, have been selected to bid on the project. Upon selection of a plant supplier, the project will reach a major milestone which should release the next stage of funding. Each phase of the project will now trigger monetary disbursements as we move to the construction phase of the project.

“The project is coming together and the picture is becoming clearer. We are pleased to have brought several strategic investors in this round that have knowledge and understanding of LNG and see and share the same vision we do,” commented Stuart Jara Board Director of IAHL.

“This is the product of years of hard work, dedication and perseverance that our entire team has put forth as we move to construct Colombia’s first LNG Plant (Nataly I). Many exciting developments with LNG for the residential, industrial, transportation and the mining sectors are also coming with this as we open an entire market not yet available in Colombia and other Latin American countries,” said Nelson De La Nuez C.E.O IAHL/Altenesol.

Now that this funding phase has been completed, the current LNG off-takers will now begin to convert the existing LOI’s into binding contracts. Upcoming press releases will be instituted, naming each as they convert, bringing more transparency to the market and a better understanding of the depth and potential for growth we are bringing to both our customers and investors.

No change to IAHL share structure was needed to complete this transaction as we are committed to moving to a higher exchange. This will be in line as we increase our revenue production and revenue streams this year.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

Altenesol LNG Colombia S.A.S and Canacol Energy LTD Execute the Contract to Supply Natural Gas for Nataly 1

Source: Altenesol, LLC
Date: Feb. 13, 20123

ORLANDO, Fla., Feb. 13, 2013 (GLOBE NEWSWIRE) — 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.

The contract is subject to the fulfillment of a number of conditions precedents, which are in process, by both Altenesol and Geoproduction.  The principal ones are converting existing customer LOIs to take or pay contracts, finalizing project funding, having the Nataly 1 LNG plant operational within the guidelines of the agreement as well as Geoproduction’s planned drilling activities on the basis of the 3D seismic results and the certification of additional reserves at the La Esperanza block.

“We are excited about working with Canacol in this history making contract which will be the longest gas contract in Colombia.  This is a major milestone for our project which is the first of several more to come over the next quarter.  We were able to leverage the deep experience of our Board Member, Stuart Jara, in negotiating complex long term supply contracts to ensure we secured a beneficial and bankable agreement,” said Nelson De La Nuez, CEO of IAHL.

“As a member of the board, it was my pleasure to take the lead in the negotiations of the contract, working with the Altenesol team to draft and finalize the deal. This agreement is an important milestone in the delivery and establishment of the vision created by the CEO and the Board,” said Stuart Jara, IAHL Board of Director.

Altenesol Colombia SAS’s project will generate over US$70 million in average annual revenues through its subsidiaries (Altenesol LNG Colombia, SAS; TransCryogen LNG Colombia, SAS and Altenesol Regasification Systems, SAS) which will produce LNG at the Nataly 1 plant, transport the LNG to our customers and re-gasify the LNG at each customer’s location.  Over the 15 year term of the project, the natural gas purchased from this contract with Canacol will generate in excess of US$1 billion.   “Future plans include four additional LNG Plants in Colombia within the next 7 years after the completed construction of Nataly 1,” advised Nelson De La Nuez, CEO of IAHL.

IAHL is also pleased to announce that Altenesol has signed a contract to purchase 91 acres (37 hectares) of land adjacent to the Canacol well site (Jobo Station). The proximity to the source minimizes logistical costs and provides room for the expansion of the Nataly 1 LNG plant as well as extra space for vehicle transit, storage and maintenance. This also helps build Altenesol’s plans to become a major player in the energy sector, bringing less expensive and cleaner fuel to areas in and out of Colombia.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation.

Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.  Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect.  Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.

In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things: the ability of IAHL to complete transactions described in this press release, the timely receipt of any required regulatory approvals, anticipated expenses, cash flow and capital expenditures, and economic conditions.

Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. IAHL undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, unless required by law. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development and production; delays or changes in plans with respect to  development projects or capital expenditures; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to the development of the project or capital expenditures.

Altenesol LNG Colombia S.A.S. Allies With Shona Energy to Supply Natural Gas for Nataly 1

Source: Altenesol, LLC
Date: Oct. 11, 2012

ORLANDO, Fla., Oct. 11, 2012 (GLOBE NEWSWIRE) — IAHL Corporation (Other OTC:IAHL) is pleased to announce that their subsidiary, Altenesol LNG Colombia S.A.S., has entered into a letter of intent (“LOI”) with Geoproduction Oil and Gas Company of Colombia a wholly-owned subsidiary of Shona  Energy Company Inc. for the supply of natural gas to the Nataly 1 LNG Plant. A definitive agreement is anticipated to be signed in the 4th quarter, upon completion of certain milestones, and would replace the LOI.

Pursuant to the LOI, Geoproduction will supply up to 17 million standard cubic feet of natural gas per day under a ten year take or pay contract with option to extend the supply contract for an additional five years.  The starting price will be determined in the definitive agreement but the starting price is expected to be within a range of $4.50 and $5.25 per million BTU. The approximate value of the proposed contract is $260 million for the ten year period; exact amount will depend on the final agreed price.  All of the numbers are in U.S dollars.

“IAHL is committed to growing the use of liquefied natural gas (“LNG”), which is a more cost-effective and cleaner fuel, in Colombia. The targeted market for the LNG is the residential sector particularly in areas where there is no connection to the gas pipelines. Also, the LNG is expected to be used in the heavy duty transportation sector where LNG will replace diesel fuel oil (DFO). These efforts will significantly minimize the green gas emissions and directly contribute to the elimination of CO2 emissions. A portion of the natural gas purchased from Shona will be used to produce the plant’s electricity, which will lower the production costs by about approximately $7.5M per year compared to purchasing the electricity from the local utility company. The Nataly 1 plant is projected to generate about $65M per year in revenue or $650M over the 10 year contract period. IAHL will generate additional revenues in its Colombian subsidiary from the distribution of the LNG business and the regasification business in the amount of $53 million and $9.7 million, respectively, over the 10 year contract period. We expect that Nataly 1 will be followed by a total of 5 plants in Colombia within the next 7 years,” said Nelson De La Nuez, CEO of IAHL.

We thank the shareholders for their patience and continued support. Our goals and expectations are continually scrutinized to ensure no changes occur to our share structure.  We are in the process of acquiring the land where the Nataly 1 plant will be located, completion of the FEED study and the project financing. The financing is expected to be completed in Altenesol LNG Colombia S.A.S. and therefore will not dilute our existing shareholders. Our longer term goal is to seek a listing on a larger North American exchange. Feel free to visit our website at: www.altenesol.com.

Shona is an international oil and gas exploration, development and production company with a focus on South America with assets in Colombia and Peru. The common shares of Shona trade on the TSX venture exchange under SHO.V and the OTCQX under SHOAF.  More information on Shona can be found at www.shonaenergy.com.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation.  Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.  Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things: the ability of IAHL to complete transactions described in this press release, the timely receipt of any required regulatory approvals, anticipated expenses, cash flow and capital expenditures, and economic conditions.  Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. IAHL undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, unless required by law. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development and production; delays or changes in plans with respect to  development projects or capital expenditures; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to the development of the project or capital expenditures.

CONTACT: Info@altenesol.com