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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

Comment by jim_nasium99on Oct 18, 2009 5:03pm
312 Views
Post# 16398274

RE: Another indication of drilling soon.

RE: Another indication of drilling soon.Anyone seen this? The man that discoverd FDN

Salazar Resources Ltd(C-SRL) -News Release

Salazar expects Ecuadorian mining law changes Nov. 4

2009-10-16 14:46 ET -News Release
Shares issued 28,923,445
SRL Close 2009-10-15 C$0.94

Mr. Fredy Salazar reports

SALAZAR PROVIDES CORPORATE UPDATE

At a meeting with Salazar Resources Ltd. held Oct. 15, 2009, inToronto, Ont., members of the government of Ecuador confirmed that theregulations to the mining law will be approved Nov. 4, 2009.

This announcement yesterday was made by the EcuadorianVice-Minister of Strategic Sectors Luis Roman and the Vice-Minister ofNon-Renewable Natural Resources Carolina Bernal. The meeting wasattended by a representative of Salazar. Also in attendance were JuanSalazar, ambassador to Canada, and vice-minister external affairsLautaro Poso.

The announcement yesterday immediately followed Salazarreceiving final approval for its environmental management plan updatefor the Curipamba project. It was stated at the meeting that once acompany has received its environmental permit and water permit (both ofwhich the company has) it will not be required to do anything elseprior to receiving permission to resume work. The last requirement is afinal community consultation with government officials and the companyitself, after which work will be able to resume on the company'sproperties. After the approval of the mining law on Nov. 4, 2009, thecompany believes the short consultation process with the localcommunity will immediately take place.

Fredy Salazar, president and chief executive officer, stated,"We are pleased with the clarity received today and feel confident thatthis final requirement will be seamless knowing that our localcommunity has shown overwhelming support for our project and ourcompany."

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