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 TorontoTrader77on Dec 04, 2009 5:39am

284 Views

Post# 16553349

RE: RE: EC was 7,60Can$...now at 1$

That was the case if we hit only 1 of 4 holes. If we hit gold in all 4 holes, yes 7$ by march would be pessimistic.

So my timeframe for the first hole is :
Drilling starts lets say on december 10th...1st hole completed in 10-14 days...assays sent to lab before christmas.
So the drill results of the first hole will be released in the 3rd or 4th week of january...

Other scenario would be they wait till all holes are completed...so the complete drill results should be released in early march. exactly when pp holders get their shares "unlocked".

Let's see...hope for a detailled exploration news next week so we get a few more information.

Bullboard Posts

Catching up with one of the busiest junior gold developers