Suroco Energy Inc. has temporarily suspended operations at the Canelo Sur-2 exploratory well (the "Well") pending resolution of a community-related dispute in the region.

The Well has reached the programmed total depth of 9,970 feet, however a community-related disagreement has arisen that is preventing personnel and supplies from reaching the drilling site.

The Corporation, along with the Operator, PetroNova Inc. and the drilling contractor are utilizing all available resources to maintain personnel safety and well security while working with community representatives and local authorities to identify and resolve the underlying motivation of the unrest, in order to be able to resume normal activities.

Tags: Suroco Energy