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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 SwissInvestoron Feb 10, 2011 9:09am
279 Views
Post# 18107929

Never underestimate what it means!

Never underestimate what it means!Yes i am still here, because the phase 1 drilling on this BLIND TARGETwas a success. If it wouldn't be a success and we would not have foundgold i would have sold all of my shares.
But: we drilled a blind target somewhere in the forest and we intersected gold.
Phase 2 drilling coming in the next days with a much betterinterpretation of the geology. People underestimate what it means tofind gold in a blind target in their FIRST drilling program, ( a property which has never been drilled before)
All in all pahse 1 results were great but the share price was the opposite.
SO phase 2 with this big knowledge from pahse 1 drilling and the largevolume of data interpretated, phase 2 will be ecometals success story.

And just look how sweet bashers are coming to the board...finally our time has come. I remember the first bashers coming before phase 1 drilling at a share price of 0,20 can$...and we made it up to 1,35can$.
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