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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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Post by chkrzron Mar 03, 2010 8:29am
352 Views
Post# 16836941

MD&A March 1

MD&A March 1 In the release marked March 1 there is a few references regarding :

1) Condor sale not going through

2) Hole 5 assay to be in by end of first quarter ( We stopped drilling at 601m)

3) Hole 2 assay to be in by end of March

4) Manganese problem in Brazil and the previous legal difficulties in the statement filed to SEDAR the company says the decision was in favour of them.

Alot of you know this already however for those that dont do some DD and read up a little. This is pretty good news all around, the silence of the board and waiting is causing alot of nervous people out there.... relax.

https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00005457&fileName=/csfsprod/data104/filings/01540554/00000001/f%3A\Arabella\SEDAR\EMLMDA.pdf

the link above to take a look for yourself,

GLT
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities