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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 EDTV30on May 18, 2009 3:19pm
214 Views
Post# 15999936

Andrew Robertson

Andrew Robertson
I m' excuse for this tracduction j' have difficulty with my English. I vien to finish my phone interview with m.Robertson indeed summon us a little losing with the sale of atomaer but in the medium term we will be gaining because atomaer asked even more than 400.000$ has ecometals to keep its possession in atomaer and same with going up it braemore it n' there does not have much to go d' purchaser. Thus with this 900.000us more 1.035.000 of return of loan c' is a enter d' direct in the trunks of EC. without dilution of the actions. M.Robertson says that x-ray company are now on the project of mn sale in Brazil and l' exploitation from the site which contien in 1 and 2 million ton of mn we have a purchaser for the reserve who are at present with the port but since the month d' October the price thus fell one waits until the market is replaced a little for l' exploitation it misses only one environmental licence but we have an excellent relationship with autoritées! But more exciting c' of the drilling of Rio Zarza for the July beginning summons us 1 of the 3 is the beginning company has to have had the licence of drilling and it only having the same anomaly of FDN which are now held by Kincross. With the result which seron annocé one anticipates an excellent performance of title EC. on the financial market. Thus the sale of 44% d' atomaer be good in the fact that we will have the liquidities to make these 2 projects also we always have the situation of the condor has l' eye for again in-depth drilling. Thus l' future seems good in the next month with the news of the beginning of drilling on Rio Zarza and the mn sale for even more liquidity.
Marco Bilodeau
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