Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas E&P

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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Post by Greenstakeon Feb 22, 2010 4:42pm

725 Views

Post# 16808229

Strong News Release

The importance of today's news release cannot be measured alone by today's share price gain which will look small in comparison to where this is going in the next little while.

Keep in mind this is only the INITIAL EXPLORATION DRILL HOLES to determined where to find the sweet spots and where to drill next.

This is only the beginning of a much more robust exploration program and growth spurt in Ecometals.
Glad I am a shareholder.

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