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At a shareholder meeting today, Ecopetrol appointed its board of directors and external auditor for 2018.

The well is 55% owned by Ecopetrol with the remaining 45% stake held by Repsol subsidiary Talisman Colombia Oil & Gas Ltd.

MKMS Enerji Anonim Sirketi is a fully owned subsidiary of Canadian oil and gas company PentaNova Energy.

The wells are held jointly with U.S.-based Occidental Petroleum Corp. and have hit a combined 2,800 barrels per day in testing.

Colombian power company Isagen S.A. E.S.P. recently issued some $263 million USD (750 billion pesos) of bonds. Demand for the notes, which the company stated as 1.4 trillion pesos, was nearly twice as great as the amount that was issued, according to Isagen. The issuance came in...

PentaNova Energy has an 80% “beneficial working interest” in the Maria Conchita block.

The net profit of 6.62 trillion pesos ($2.3 billion USD) is more than four times above the results of 2016 and the highest since 2013.

Ecopetrol claimed proven reserves of 1.659 billion barrels of oil equivalent at the end of 2017, up from the 1.598 billion barrels in 2016.

PentaNova will issue 4.8 million common shares to the new management team “as the inducement to join the company.”

McAllister will remain in the position through March 9. Alejandro Piñeros will fulfill CFO responsibilities until a permanent replacement is appointed