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Financial report summary
?Competition
EcopetrolRisks
- Risks Related to our Business
- Prices and markets for oil and natural gas are unpredictable and tend to fluctuate significantly, which could cause temporary suspension of production and reduce our value
- Estimates of oil and natural gas reserves may be inaccurate and our actual revenues may be lower than estimated
- Unless we are able to replace our reserves and production, and develop and manage oil and natural gas reserves and production on an economically viable basis, our financial condition and results of operations will be adversely impacted
- Exploration for oil and natural gas, and development of new formations, is risky
- Our business is subject to local legal, social, security, political and economic factors that are beyond our control, which could impair or delay our ability to expand our operations or operate profitably
- We are vulnerable to risks associated with geographically concentrated operations
- Social disruptions or community disputes in our areas of operations may delay production and result in lost revenue
- Security concerns in Colombia or Ecuador may disrupt our operations
- All of our revenue is generated outside of Canada and the United States, and if we determine to, or are required to, repatriate earnings from foreign jurisdictions, we could be subject to taxes
- Certain acquisitions could adversely affect our financial results
- The threat and impact of cybersecurity incidents may adversely impact our operations and could result in information theft, data corruption, operational disruption, and/or financial loss
- Risks Related to our Financial Condition
- Legal and Regulatory Risks
- Environmental regulation and risks may adversely affect our business
- We may be exposed to liabilities under anti-bribery laws and a finding that we violated these laws could have a material adverse effect on our business
- Regulations related to emissions and the impact of any changes in climate could adversely impact our business, including demand for our products, our financial condition and results of operations
- Shares of our Common Stock are listed on the NYSE American, the Toronto Stock Exchange (“TSX”) and the London Stock Exchange (“LSE”) and investors seeking to take advantage of price differences between such markets may create unexpected volatility in market prices