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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 ybone1on Jun 08, 2010 12:26am
382 Views
Post# 17167272

Results

Results I don't know about the visible gold but I do know that they drilled a lot more core that is highly silicified. If you look at hole#1 were they found a small amount of gold you see very little silicified core and no visible gold. We don't know how much gold there is but hole #3A certainly appears to be a lot more favourable than the others. I will be surprised if this core doesn't show
some good grades somewhere. No mine yet but there sure is a lot to speculate on this drilling update and preliminary results.
JMHO
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