Stock performance (BVC)
Source: Colombian Stock Exchange
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Ecopetrol S.A.reports it has confirmed the presence of hydrocarbons in the Tempranillo North-1 well located in the Unified Production Agreement in the Pijao-Potrerillo area, signed between Ecopetrol and the National Hydrocarbons Agency (ANH) of Colombia. The Tempranillo North-1 well is located in the township of Aipe, Huila.
1P gross reserves of 1,88 mn BOE (SEC technical standard and price), and replacement ratio of 359%. The Gross reserves 35.5% increase compared to 2008, 98% of total reserves audited by three independent firms Reserves-to-production ratio of 9.9 years, outstanding given the 17% increase in production
Ecopetrol S.A. today announced that the U.S Export-Import Bank (U.S. Eximbank) issued a Preliminary Commitment letter for the financing of American goods and services to be used in exploration and development activities, as well as improvement and expansion of existing facilities, up to a value of $1 billion.
Ecopetrol has announced that drilling at the Rancho Hermoso-5 well has confirmed the presence of hydrocarbons in the Guadalupe and Los Cuervos formations in the Rancho Hermoso block, located on the basin of the Eastern Plains in the province of Casanare, Colombia.