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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

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

Post by admantine69on Feb 09, 2010 9:39am
431 Views
Post# 16766005

Great First Hole Analysis

Great First Hole AnalysisA 1200m, 3 hole, drill program and a decision to drill a weaker IP anamoly first. As program progresses they end up drilling 601m on the first hole. Confidently utilizing half the drill budget to confirm that geology is exactly the same as FDN right down to the depth level of FDN, 600m. They have sent cores to a lab in Peru for "Fire Assay Gold" analysis. They also have extensively reported what was found on the first hole. So they have verified geology and there is gold in the cores, how much we will find out in 3weeks.

Meanwhile Kinross is drilling to expand the ARU 43101  compliant resource. Gold market is setting up for the run of our life time. EC is set to drill the next shallower but high IP anamoly holes.

I rarely post. But this reminds me of the Aurelian days. Pretty excited.
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