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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 pogon Feb 08, 2010 6:09pm
238 Views
Post# 16764260

Doing Due Diligence

Doing Due DiligenceI was doing some DD re today's report and previous Aurelian reports and came upon this; https://www.sys-con.com/node/263981 regarding Dr. Richard Sillitoe 08/23/06 -- Aurelian Resources Inc. (TSX VENTURE: ARU) today announced that Dr. Richard Sillitoe, an independent international consultant and one of the world's leading experts on epithermal gold systems, recently visited the company's wholly-owned Fruta Del Norte (FDN) Project in south-eastern Ecuador and I found the following very interesting: Along the western edge of the mineralized corridor, drilling to date suggests that the mineralization has been truncated and offset by a post-mineralization fault. However, the report goes on to postulate that "The proportion of the mineralized zone that has been truncated (to the west) is unknown..." and recommends that "...an effort be made to locate the faulted-off portion of the Fruta del Norte mineralized corridor because of the possibility that it could appreciably expand the tonnage of high-grade gold mineralization."
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