Ecopetrol Announces Oil Discovery

Ecopetrol S.A. EC announces that initial drilling and testing on the Akacias-1 exploratory well has confirmed the presence of crude oil. The Akacias-1 well is located in the municipality of Acacias, Meta province, and is part of the Company's CPO-9 Exploration and Production Contract with the National Hydrocarbons Agency. Ecopetrol, which has a 55% stake in the block, is the operator. The other 45% belongs to the Canadian company Talisman.