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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 tradeadayon Sep 20, 2011 10:01am
385 Views
Post# 19060911

The silver content/assays

The silver content/assaysI am really surprised that very few longs here have understood the ramifications of the significant silver assay results in yesterday's NR. Have we all forgotten that FDN is a combined gold-silver resource? This is the first time EC has hit any major silver grades, and combined with the anomalous Cu grades, it points to them getting closer and closer to the high grade gold bulls-eye.The silver is manifesting through the same epithermal processes that produces the high-grade gold at FDN. This is incredibly significant.Take a look at the Aurelian NRs prior to their discovery hole in April 2006, and you'll see the similarities here.
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