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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

Energy Oil & Gas Integrated
Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.


NYSE:EC - Post by User

Ecopetrol ADR Representing 20 Ord Shs
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Comment by mineralmineron Aug 12, 2009 11:37pm
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Post# 16214655

RE: A number of people are going to be

RE: A number of people are going to beseparated from their money untill they get drill results. Wirthout the benifit of the smoke and mirrors of chart theory and exchange punting I bet this will jump up a 3 cents then go back down. It will not break 50 cents this year because of the economic downturn. Just my own opinion. Personally I think some are going to jump out of this tomorrow and that will be that. I can't afford to leave money here. GLTA.mm$0About the sale and the stock piles of Manganese in Brazil;$0$0$0$0$0$0$0$0$0$0$0ECOMETALS CLARIFIES SERRA DO NAVIO MANGANESE RESOURCE ESTIMATES AND THE SHIPMENT AND SALE OF MANGANESE STOCKPILES FROM PORTO SANTANA, BRAZIL$07/17/2009 1:11:47 PM - Market Wire$0$0$0$0$0$0$0$0$0$0$0$0$0$0.....................A sales contract with an undisclosed buyer was made for 35,532t of mineralized material from the stockpiles at CDSA. The sales contract required a minimum of 43% Mn of high grade material (all of stockpile B) and the remainder of minimum 35% Mn from stockpile A (low grade material) to fill the hold of the ship.$0$0Continuous sampling according to ISO Standard 4296/1:1984 during ship loading was conducted by Inspectorate do Brasil Inspecoes Ltda. Results of draft loading and analysis measured 12,088t of 41.62% Mn (high grade material) and 23,444t of 35.96% Mn (low grade material) loaded on cargo ship MV West Lake.$0$0There remains an estimated 12,885t (6023t at AFB port and 6,862t at CDSA port) of low grade stockpiled manganese mineralized material available at Porto Santana. This material is potentially saleable, and the Company is actively pursuing buyers. This remainder will be supplemented by additional material from Serra do Navio stockpiles to fulfil the 65,000t purchased by Ecometals separately from the JV agreement with Alto Tocantins.$0$0Manganese is not traded on international commodity markets, and prices are based on negotiation of individual contracts. For this shipment, the total gross revenue to the Company based on a negotiated price was C$1.1M...........$0$0$0$0$0$0$0$0
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