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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 alfredkkwongon Nov 16, 2013 9:59am
493 Views
Post# 21912496

RE:Anybody home?

RE:Anybody home?Hello M139,

Don't give up! I have just had got in contact with Mr Lamarque and got some updates as follows:
1. The Mn shipment will start as soon as the Environmental License is received, which is due 
     anytime now.
2. Once Mn shipment starts, money will start to come in and we will be able to pay the auditors
     who are working on the reporting submissions to the trade regulators to free up the stock     
     trading restrictions. We expect this to be resolved in about 3 to 4 weeks.
3. Regarding the drilling of RZ, Mr Lamarque Estimated that we should have enough money by
    the first half of 2014 to start.

We should all have faith in our Management, they are still doing their best even without getting
paid during this difficult time!

Alfred Kwong 
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