Suroco Energy Inc. says that the Cohembi-12 appraisal well has been successfully drilled and placed on production and drilling has now commenced from the same multi-well pad for the Cohembi-13 development location.

Mr. Alastair Hill, the Corporation's President and Chief Executive Officer commented, "We are very pleased to have the Cohembi-12 well on production. Based upon the short duration test, we expect the well to produce at rates in excess of 1,200 barrels of oil per day (175 barrels per day net to the Corporation after royalty). The other major advance with the Cohembi field development is the progress of the water injection facility where construction is nearing completion and we expect to commence water injection and pressure maintenance at the Cohembi-1 well in early December. This is a key step for the recognition of reserves under enhanced recovery in the proven category."

Tags: Suroco Energy