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Stock Market & Financial Investment News

News Breaks
December 16, 2012
21:15 EDTECEcopetrol board approves 2013 investment plan
Ecopetrol S.A. that its board has approved the investment plan for the year 2013. The total of investments approved is US$9,549M, of which US$6,590M are planned to be invested directly in Ecopetrol S.A. and US$2,959M in affiliates and subsidiaries
News For EC From The Last 14 Days
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November 21, 2014
08:15 EDTECTalisman Energy, Ecopetrol announce discovery in Block CPO-9, Colombia
Talisman Energy (TLM) affiliate Talisman Oil & Gas and Ecopetrol S.A. (ECP) have proven the presence of hydrocarbons in the Nueva Esperanza-1 exploratory well, located in block CPO-9, Department of Meta, Colombia. The Nueva Esperanza-1 well was spudded on July 18, 2014 and reached total depth at 12,056 feet on September 26, 2014. During an initial 8-day flow test using an electro submersible pumping system, 309 feet of perforations in the T2 formation stabilized at a daily flow rate of 910 barrels of 8 degrees API crude oil with less than 2% water cut during the last day of flow. Talisman and Ecopetrol are jointly analyzing the results and will file an application with the Colombian authorities to place the Nueva Esperanza-1 well on long-term test. Approval has been granted to drill two down-dip appraisal wells, the first of which, Nueva Esperanza-2, started drilling operations on November 16.
November 20, 2014
10:29 EDTECEcopetrol initiated with a Hold at Deutsche Bank (pre-open)
Target $26.
November 19, 2014
09:19 EDTECEcopetrol approved to divest shares in Empresa de Energia de Bogota
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