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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 Rockrackeron Apr 29, 2011 7:03pm
342 Views
Post# 18509917

RE: RE: shallow drilling

RE: RE: shallow drilling....there is potential for visible gold in the shallow drilling even though it is just soil geochemistry.

Kingbear, not sure if you are aware or not but last summer the geos already discovered visible gold in the quartz veins which is one reason why EC geologist Steve McMullan is keen to punch some holes into those veins. He strongly believes there is more where that gold comes from. It's going to be a great season as EC drills the entire summer at RZ.  If we find gold don't be surprised to see a major player step up with a JV proposal in order to find the motherlode which geos for both EC and K believe is located at Rio Zarza.  Load up now, this is not going to be your typical 'go away in May' situation.

Good luck to all !!!
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