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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Post by Fischlaenderon May 12, 2009 7:14am

271 Views

Post# 15985507

last but not least

On 4 April they entered into this agreement with the "3rd arm's-length party", presumably a friend.

I would not wonder at all, if they had discussed this with Atomaer beforehand. Try to sell it for a ridiculous price to a 3rd so that Atomaer can exercise its first right of refusal.

And btw, Atomaer seems to be more than capable of provising a quick 900k USD, why would they need financing..?

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