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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 donny2on May 25, 2011 8:50pm
243 Views
Post# 18625893

RE: RE: Rome is not built in one day

RE: RE: Rome is not built in one dayYou echo my feelings precisely. Over the last few years, EC suffered political problems with Ecuador's exploration halt, and legal problems with our Brazilian JV partner. Through it all, the geology did not change. The potential did not change. Now that Willie Lamarque has charted an aggressive exploration program, and insured it's funding by the sale of non-core assets, it is a function of waiting for the exploration to bear success. I am especially excited by the retention of Mr. Simmons - an expert in epithermal systems, and precisely the guy you want working with Steve McMullan in the identification of targets at Rio Zarza. I was also pleased that exploration will (finally) commence at Valle de Tigre - highly prospective in it's own right
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