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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.
News For EC From The Last 14 Days
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February 7, 2016
13:51 EDTECEcopetrol says minority shareholders nominate board member
Ecopetrol reported Friday that representatives of the minority shareholders with the largest holdings of the company's shares have submitted a "Shareholders' Agreement," subscribed by five pension and retirement funds, in which they nominated Roberto Sampedro as an independent member of Ecopetrol's board of directors. The nomination of Steiner as an independent member of the board and representative of the minority shareholders is to be included as the ninth item in the program of the Ministry of Finance and Public Credit that will be submitted for consideration at the general shareholders' assembly, said the company.
January 28, 2016
10:08 EDTECEcopetrol board approves sale of all shares in Polipropileno del Caribe
Ecopetrol said that yesterday, as part of its divestment plan, its Board of Directors approved proceeding with the process of selling 100% of its shares in the company Polipropileno del Caribe S.A. This decision is aligned with Ecopetrol's new strategy and the proceeds of the sale will be used to strengthen the exploration and production businesses, which are the focus of the company. This sale process will proceed in accordance with Law 226 of 1995, which requires Ecopetrol S.A. to apply for and obtain the approval of the National Government of Colombia.

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