Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas Integrated

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.

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Ecopetrol ADR Representing 20 Ord Shs

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Post by Nikolaion Oct 16, 2012 7:44pm

425 Views

Post# 20491178

Very positive news out of Ecuador

today for T.DMM. -

TORONTO (SHfn) – Dynasty Metals & Mining (TSX: T.DMM, Stock Forum) shares climbed 27% to $2.45 on Tuesday after the gold junior announced that it has obtained small-scale mining licenses for five concessions at its Zaruma Gold Project in Ecuador. Under the current mining law of Ecuador such licenses permit the company to mine up to 300 tonnes per day from each concession at a reduced royalty of 3%, payable to the Ecuador government, and no windfall tax on the extraction and sale of precious metals.