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.

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Ecopetrol ADR Representing 20 Ord Shs

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Comment by Fischlaenderon Mar 04, 2009 5:55am

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Post# 15818819

RE: RE: e-mail from Major Daniel

Thx for the posting from me as well.
Esp. as I took the email address and was able to get in contact with Daniel and he replied immediately.
Travel costs seem to be mostly court related, wages and salaries on the scale down of Ecuador and ramp-up in Brazil. A few bright spots on the horizon:
- a new website is reportedly up in about 2 weeks
- sale of Port Santana stockpiles imminent
- proceeds to be used for development of managanese beneficiation plant at Serra do Navioa to generate cash from that substantive stockpile
- Rio Zarzea programme in the works to drill in second half of 2009

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