UPDATE: Not good. Ecuador's Vice-President Jorge Glass has just appeared on TV to confirm the first reports of fatalities, 16 people in the nearby town of Manta. I'd hope it weren't so, but in all likelihood number is going to rise as the hours pass.
UPDATE 2: That's now 28 dead. IKN now signs off on this story, way too big for this little blog, go find it in the major news services.