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.

NYSE:EC - Post by User

Ecopetrol ADR Representing 20 Ord Shs

Bullboard Posts

Comment by molark99on Dec 03, 2009 9:02am

272 Views

Post# 16549128

RE: RE: Drilling

I believe I have mentioned before that EC will not be issuing a NR merely to state they have started to drill. I also believe they have already mentioned they are going to start drilling in their last NR. So you can take that to the bank.

The next NR I expect to see is when they have pulled cores samples and they see " visible gold" and they have been sent to the lab in Lima Peru for analysis. This could happen just before or just after the holidays, which is perfect, let speculation build.

Bullboard Posts

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