Suroco Starts Up Drilling at Colombian Suroriente Block

Suroco Energy announced that on Tuesday, November 10, the Corporation commenced drilling Pinuna 2, the first well of the Corporation's two well development drilling program on the Suroriente Block.

The planned total depth of the well is 9,600 ft and is expected to take 35 days to drill and log before moving to the next location. The results of this initial two well program will help to define the Corporation's 2010 development drilling program in Suroriente, which is anticipated to be in excess of three wells.

The Corporation also announces that the temporary suspension of operations announced in our October 27 news release ended on November 1 and production was restored by November 2nd in all wells, with the exception of Pinuna 1 where the Corporation is completing a workover which resumed on November 5th and is expected to be completed by the middle of the month. The temporary road strike had a minimal impact on production volumes, with approximately 10 days of normal production being shut in.

The seismic acquisition program in the Alea 1947C block also in Putumayo was not been affected by the suspension of operations and is continuing normally.


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