Investor Presentaiton

Gas shale in Middle Magdalena Valley: Initial steps for Ecopetrol Drivers ✓ Regional geological knowledge ✓ Land positioning ✓ Access to infrastructure and social environmental knowledge ✓ Access to potential markets for gas and liquids to be produced ✓ High potential Source: Arthur D'Little INC,Ecopetrol SH CATATUMBO Focus area to start Unconv. strategy Shale Mid Magdalena Valley SH CORDILLERA SH-VSM SH-PUT 28

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