Suroco Energy Inc. has commenced production from recently drilled wells at the Cohembi-6 multi-well pad and the spudding of the Cohembi-14 well.

Mr. Alastair Hill, the Corporation's President and Chief Executive Officer commented, "The results of the first three wells drilled from the Cohembi-6 pad have exceeded our expectations for reserve potential in the southern sector of the Cohembi field. The commencement of production from this pad will provide a major enhancement to oil productivity and sales for the second quarter of 2013 and beyond. We plan two additional locations from this pad, the first of which is positioned to further delineate the thickest sand encountered to date in the Cohembi field".

Cohembi Drilling Update

The Cohembi-9 well was spudded on February 20, 2013 and directionally drilled to a total measured depth of 9,720 feet, approximately 1.2 kilometers south of the Cohembi-6 well. It encountered 35 feet of high quality net oil pay, the thickest net pay encountered in the Cohembi field to date.

Tags: Suroco Energy