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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 Mar 20, 2010 2:06pm
482 Views
Post# 16906451

Analysis?

Analysis?

Preliminary Results of Diamond Drilling Hole RZDDH10-05 
So in this report they indicated they drilled up to a depth of 601m.
In the report they show approximately 400cm =4m=13.1ft worth of core pictures.
That is only 4m/601m=0.7% of the entire planned drill program 

Preliminary Results of Diamond Drilling Hole RZDDH10-02
So in this report they indicated they drilled up to a depth of 450m.
In the report they show approximately 450cm =4.5m=14.8ft worth of core pictures.
That is only 4.5m/450m=1.0
% of the entire planned drill program.

It is just an interesting analysis how 8.5m/1051m=0.8% of the entire drill program was shown and detailed in the report.
Based on the many assumptions made on this board nobody is right or wrong when 98.2% of the core is yet to be officially detailed and will determine where this will go. The manipulation on the market and on this board is all part of the game. It is interesting to note the tight lip Kinross and Ecometals both are maintaining. 

The wait is exciting!

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