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Stock Market & Financial Investment News

News Breaks
May 27, 2013
11:02 EDTECEcopetrol announces hydrocarbons discovery in Colombia
Ecopetrol announces that it has proven the presence of hydrocarbons at Cusuco 1, an exploratory well located within the municipality of San Carlos de Guaroa, Meta Province, Colombia. Cusuco 1 is part of the CPO-10 Exploration and Production Agreement of December 18, 2008 between Ecopetrol and the National Hydrocarbons Agency. Ecopetrol holds 100% interest in this block. Initial tests carried out on the Cusuco 1 well, using an artificial lift system, yielded an average crude oil production of 140 barrels of oil per day, BOD, of 13.8 API and a water cut of 4%. Ecopetrol will keep on running extensive testing in the coming weeks.
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July 16, 2014
09:41 EDTECEcopetrol upgraded to Neutral from Sell at Citigroup
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