Ecopetrol S.A. Announces its Fourth Quarter and Full Year Results for 2011
In the opinion of Javier Gutierrez, CEO of Ecopetrol: "The historically high results achieved in 2011, both operationally and financially, are clear evidence of the Company's commitment to its shareholders in fulfilling the value promise of our strategic plan.
In production, we continued attaining record levels driven by the higher extraction of heavy crude, and the 1P reserves replacement ratio of 164% is outstanding given the increase in production.
In exploration, it's worth to highlight the exploratory success rate in Colombia, mainly in the Cano Sur block in the Llanos Orientales, and internationally five discoveries by Savia in Peru as well as the discovery in one of the assets where we have interest on the U.S. Gulf Coast.
The transportation business kept growing as a consequence of the growing production of Ecopetrol as well as of the rest of the companies with operations in Colombia. In 2011 total capacity for crude transportation grew 13% and total capacity for product transportation increased by 27%.
It might have been something the ABC Daytime team overlooked when planning their soap opera strategies for 2011. If the fans get it, the media gets it, and the advertisers get it, why doesn't ABC? It may simply be a business decision on the network's
The initiatives also have common strategies that include: • Developing policies to promote saving and investment for education, home-ownership, small-business development and retirement. • Identifying ways to make tax-based savings incentives
When Jobs and his hype fade into history (expected soon), so will Apple. by drhowarddrfine April 19, 2011 4:48 AM PDT You mean like when he illegally put Netscape and others out of business, put under US Federal oversight for over a decade (and to this