The Toronto Stock Exchange Welcomes Ecopetrol


    
    Ecopetrol's Shares are now traded on four stock exchanges

    Ecopetrol officials opened yesterday trading session on the TSX

    The President of Ecopetrol, Javier Gutierrez, discussed the performance
and
    goals of the Company to Canadian investors






    
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<p><span class="xn-location">BOGOTA</span>, <span class="xn-location">Colombia</span>, <span class="xn-chron">Aug. 27</span> /CNW/ -- The <span class="xn-location">Toronto</span> Stock Exchange ("TSX"), one of the largest in the world in the energy sector, officially welcomed Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE:   EC; BVC: ECOPETROL; BVL: EC; TSX: ECP), whose ADRs have been trading on the TSX since <span class="xn-chron">August 13, 2010</span>. Ecopetrol is the first Colombian company to be listed on the TSX.</p>
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    (Logo: http://photos.prnewswire.com/prnh/20090209/ARM001LOGO )
    (Logo: http://www.newscom.com/cgi-bin/prnh/20090209/ARM001LOGO )

    
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<p>The listing on this important stock exchange is another step in the Company's  internationalization process, as Ecopetrol's shares are now traded on four stock exchanges: the <span class="xn-location">Colombia</span> stock exchange, the New York Stock Exchange, the Lima Stock exchange, and the TSX.</p>
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<p>In a special event that took place yesterday in <span class="xn-location">Toronto</span>, <span class="xn-location">Canada</span>, Ecopetrol was asked to open trading on TSX, which specializes in the mining and energy sectors.</p>
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<p>Opening the session, the CEO of Ecopetrol, <span class="xn-person">Javier Gutierrez</span> Pemberthy, was accompanied by <span class="xn-person">Adriana Echeverri</span>, Vice President of Finance; Hector Manosalva, Vice President of Exploration and Production (E); <span class="xn-person">Alejandro Giraldo</span>, Director of Investor Relations; and <span class="xn-person">David Garzon</span>, an employee of the company. Appearing with them were the directors of the <span class="xn-location">Toronto</span> Stock Exchange, headed by the President of the TMX Group, Tom Kloet.</p>
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<p>Mr Gutierrez, also gave a presentation in <span class="xn-location">Toronto</span> to a group of 30 investors, in which he discussed the Company's financial results as well as its new strategic goals, including, among others, producing 1.3 million barrels per day of oil equivalent by 2020.  Additionally, Mr Gutierrez and his team met with 60 other investors in <span class="xn-location">Calgary</span> to discuss the Company's performance.</p>
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<p>The <span class="xn-location">Toronto</span> Stock Exchange is part of the TMX Group, which brings together various companies that provide financial asset trading services in <span class="xn-location">North America</span>. Between January and <span class="xn-chron">June 2010</span> it listed 94 new companies and prepared 64 initial public offerings on the stock exchange. The TSX is capitalized at US$1.712 billion and has 1,488 listed companies, of which 30% are natural resource companies from the mining, petroleum and gas industries.</p>
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<p>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 <span class="xn-location">Colombia</span>, where it accounts for 60% of total production, the Company is involved in exploration and production activities in <span class="xn-location">Brazil</span>, <span class="xn-location">Peru</span> and the <span class="xn-location">United States</span> (Gulf of <span class="xn-location">Mexico</span>). Ecopetrol has the principal refinery in <span class="xn-location">Colombia</span>, most of the network of oil and multiple purpose pipelines in the country, and it is considerably increasing its participation in biofuels.</p>
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<p>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.</p>
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<p>Contact us for any additional information:</p>
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    Investor Relations
    Alejandro Giraldo
    Phone: +571-234-5190
    Email: investors@ecopetrol.com.co
    
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    Media Relations (Colombia)
    Mauricio Tellez
    Phone: +571-234-5377
    Fax: +571-234-4480
    Email: mtellez@ecopetrol.com.co
    
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    Website: www.ecopetrol.com.co





    

For further information: For further information: Investor Relations, Alejandro Giraldo, +011-571-234-5190, investors@ecopetrol.com.co; or Media Relations (Colombia), Mauricio Tellez, Phone: +011-571-234-5377, Fax: +011-571-234-4480, mtellez@ecopetrol.com.co, both of Ecopetrol Web Site: http://www.ecopetrol.com.co


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