Ecopetrol's ADRs Begin Trading on the Lima Stock Exchange
December 04, 2009 at 07:30 AM EST
BOGOTA, Dec. 4 /PRNewswire-FirstCall/ -- Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; BVL: EC) ("Ecopetrol" or the "Company") announces that on December 3, 2009 the Comision Nacional Supervisora de Empresas y Valores del Peru (CONASEV) approved the listing of Ecopetrol's ADRs on the Lima Stock Exchange and registered them in the Registro Publico del Mercado de Valores de CONASEV.
Trading of Ecopetrol's ADRs on the Lima Stock Exchange will begin on Friday, December 4, 2009 under the symbol EC and can be bought through any Stock Broker Agency ("SAB"). Grupo Privado de Inversiones -- GPI Valores S.A., the Peruvian SAB for Global Securities Colombia, was authorized as sponsor.
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.
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Ecopetrol. These are merely projections and, as such, are based exclusively on the expectations of management concerning the future of the business and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Colombian economy and the industry, among other factors; therefore, they are subject to change without prior notice.
Contact us for any additional information: Investor Relations Alejandro Giraldo Phone: +571-234-5190 Email: firstname.lastname@example.org Media Relations (Colombia) Mauricio Tellez Phone: + 571-2345377 Fax: +571-2344480 Email: email@example.com Website: www.ecopetrol.com.co
SOURCE Ecopetrol S.A.