Rochester, New York 12/2/2009 12:55:00 PM
News / Business

Ecopetrol (NYSE: EC) Listing on the Lima Stock Exchange

Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL) states  that in coming days investors will be able to trade the Company's American Depositary Receipts  on the Lima Stock Exchange. The ADRs that will be traded are the same instruments which were listed on the New York Stock Exchange in September 2008. The listing of the ADRs on the BVL is not a new issuance of stock and will not generate additional funds for Ecopetrol.

 

Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks.

 

For Ecopetrol, entering the BVL (one of the most dynamic and important international capital markets) is a milestone in Ecopetrol's capital markets positioning strategy and will booster's presence in Peru, one of the local countries forming part of Ecopetrol's growth and internationalization strategy. Ecopetrol began operations in Peru in 2007 through its affiliate, Ecopetrol del Peru S.A., Ecopetrol which currently holds five exploratory blocks in the country. In January 2009, Ecopetrol acquired 50% of Offshore International Group\, which is the parent company of Petrotech Peruana S.A. Petrotech has a strategic exploratory position on the coast of Peru, with nine exploratory blocks and a production of 14,200 barrels per day. Ecopetrol is Colombia's largest integrated oil company and is among the top 40 oil companies in the world and the four largest oil companies in Latin America. Besides Colombia, where it accounts for 60% of total production, the Company is involved in exploration and production activities in Brazil, Peru and the United States (Gulf of Mexico). Ecopetrol has the principal refinery in Colombia, most of the network of oil and multiple purpose pipelines in the country, and it is considerably increasing its participation in biofuels.


 

Follow us on Twitter: http://www.twitter.com/pennystockspro

 

Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.

 

About Us

 

Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.

 

Please click here to read the full disclaimer.