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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 SwissInvestoron Jan 22, 2010 2:39pm
334 Views
Post# 16709229

RE: drilling

RE: drillingyes, so the last meters of the first hole we be interesting. i posted it a few days ago...if the last few meters interesect some good gold grades...even if it's only 5 meter (the price will dip), this would be the strongest buy ever. remember we are drilling the hole only 200-250 deep and if the last meters will be good, the drilling program will be expanded and we will drill the hole deeper to 400m and a get a nice gold intersect between f.e. 200m and the end of the hole.
I think the first hole must be finished today. i expect the drilling rig being taken to the first of the high-ip targets by this weekend and the start of drilling the high-ip hole by monday. (not officially confirmed but would fit into my timeline). hadn't called daniel for days but it seems to me so. perhaps a news release after todays market close will tell us more.
btw: seems that rbc really stopped selling...at least for the last hourse. they have a positive net volume today.
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