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

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Comment by djgton Jan 12, 2010 1:03pm

256 Views

Post# 16669115

RE: RE: Still drilling hole #1 of 5

geezer,

It's not so much as being privy to core analysis as it may be to simply contacts in the industry. I'll go on record as saying that I find Beamin to be a great resource whom has proven time and time again to be bang on!

Obviosly the way the post was worded could have been questioned but the notion of being ahead of schedule, confirming that there is no VG and that cores look favourable are not far fetches in my opinion. All it takes is one grunt worker that overheard a driller that was talking to a geologist and the lead begins!

Cheers,
djgt
aka Chris Weber

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