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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 guidon Jun 10, 2010 3:08pm
540 Views
Post# 17178091

RE: Perspective

RE: PerspectiveThe fact that they found gold in hole 001, is promising... Even they didn't think that 001 was going to yield anything interesting, as it relates to mineralization. In fact, they stated that in the results NR previous to this one:

"This hole has all the major factors considered important for mineralization, including alteration, sulphides, and is

within the elevation range which includes other mineralized intersections. However, faulting and brecciation

appear to be minor and post-date mineralization."



So having found some gold in 001, coupled with the geology of 3A (still pending assay results)... I'd have to say this just got a whole lot more interesting.

There are lots of varying recipes for bread, but the basic ingredients are consistent... If you look at what they found in hole 3A (major replacement pyrites, carbonates/quartz, etc.), you see that the basic ingredients for a hydrothermal deposit are there, coupled with the fact that the strata is consistent with FDN.


In my opinion, this play is becoming less of a question.

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