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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 SwissInvestoron Jan 18, 2010 1:44pm
501 Views
Post# 16691177

Don't expect 200m of X gram gold

Don't expect 200m of X gram goldTarget mineralization starts at 135m. Aurelian drilled about 400m deep(dont't know it exactly?)
Just like i said in the previous post. It is important that the hole ends in mineralization so the expanded drilling program will drill the hole deeper up to 400m. If we hit gold at the 180 or 200 m this would scare off small investors because we would "only" see drill results with gold intersections of 50m or so. But the point is: IF the hole ends with some gold, institutional investors will buy all your shares because they know that it would be similar to aru and with the expanded drilling program we will get our results from let's say 150 or 200m till 350-400m of gold. This will be the newx we are all waiting for.
So for dummies: Read the news releases exactly: Ending with mineralization in this low-ip target is the strongest buy ever and a news release with expanding the drilling program will follow in very short term.
It's getting hot right now so never panic and let bashers scare you out.
They tried to convinced us to sell our shares at 0,30---0,40---0,50--0,60---0,70---0,80---0,90---and they will always try it.
And if we "longs" would have listened to them...we would jump out of the window right now, because the chance to invest in such a deposit so close to a 13,7 million ounces deposit of a producer we get only one time in 20 years.
Love it or leave it.
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