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 deanthebeanon Mar 31, 2010 7:42pm

356 Views

Post# 16946703

RE: RE: TO 51Split RE: message from Major Daniel

Thanks for the post, EDTV. It states that they are moving forward in Brazil not that Brazil is being resolved soon. It seems like there are alot of complications there and it may be a while yet until they see some maganese cash flow. They should start soliciting some buyers for Condor now before the warrant $ runs out, or they better hope that they can hit the misuahali formation at shallower depth. Is the 3rd hole (#4) not supposed to intersect misuahali at shallower depth?

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