Colombian Caribbean Sea

In another of the innovations of the last few days, ECOPETROL announced the increase of its participation in the strong North and strong South blocks, in the Colombian Caribbean Sea. This increase in participation occurs after an agreement with the Colombian subsidiary of BHP Billiton Petroleum Corporation (LSE:BLT; NYSE:BHP; JSE: BIBLT), which envisages the allocation of 25% of the participation in both blocks from BHP Billiton for ECOPETROL. As a result, each company will have a share of 50% on these blocks. These strong North and strong South blocks correspond to contracts for the exploration and exploitation of hydrocarbons, concluded in April 2006 by BHP Billiton and ECOPETROL with the national agency of hydrocarbons and operation contracts jointly held by the parties in June of 2007. Both blocks, which have a size approximately 954.050 hectares, are part of the localized projects out in the Colombian Caribbean Sea coast. Those who levitra online should consider buying this product online. It is often combined with topical steroids to limit cialis from india online the irritation. We are not suggesting that you stop generic cialis in canada using it you will find that your hair follicles remain healthy. With homeopathy, all of the ingredients are diluted, cialis price australia so each ingredient in a homeopathic product has the letter “X” after it. Although today the Colombian oil company was scheduled to announce the results for the last quarter of 2008, the announcement was postponed for Tuesday, February 17, although such postponement responds to one minor of reconciliation of values issue.

One of the facts of relevance produced in recent weeks is related to changes in the code of good corporate governance. While may be one minor to some issue, these modifications tend to increase transparency in the operations of the company and its related companies which represents an additional benefit for investors, especially for children, who can more easily monitor development and projection of the oil company. Good practices of corporate governance have gained relevance from remembered corporate (as for example, the Enron case) scandals, since they help to increase the level of transparency in companies, which limits the possibility of operations little clear in them at the time that helps to protect minority shareholders (ECOPETROL has 500,000 small shareholders). The improvement in corporate governance practices will increase the attractiveness of the ECOPETROL shares at the time that it will be beneficial in terms of enhancing the profitability of the same.What can be perceived about ECOPETROL following its regular development is that the Colombian Petroleum continues to grow apace fulfilling its strategic expansion plan.