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Ecopetrol holds a 50% interest in the Magdalena Middle Valley's Boranda-1 well, which is operated and 50% controlled by Canadian exploration company Parex.

CEO Juan Carlos Echeverry says "2016 was a year of enormous challenges for Ecopetrol," but he believes increased investment in 2017 will improve results in the coming years.

"GeoPark’s active drilling program in the first half of 2017 is already paying off," said company CEO James F. Park.

"Investment reductions are expected to affect its ability to replenish reserves in the long run above production levels," said Lucas Aristizabal of Fitch.

The company spent around $2 million USD to drill this infill well to a total depth of nearly 8,500 feet in about two weeks.

Interestingly, this loan — for 990 billion Colombian pesos — wasn't due until February 2024.

"Its inclusion in both indices is a reflection of the hard work and dedication of our employees,” said company CEO Ari Sussman.