Suroco Energy Inc. report that the Cohembi-4 appraisal well was tested with an initial rate of 1706 barrels of oil per day (249 barrels of oil per day net to the Corporation after royalty). The Corporation also confirms the exercise of 13,285,000 common share purchase warrants.

The Cohembi-4 well was tested into lease tanks with a variable speed electric submersible pump on July 10, 2012. The well was pumped for 14 hours, then was shut in for a pressure build up test to obtain an accurate initial reservoir pressure. The rate during the final three hours was equivalent to 1706 barrels of oil per day (249 barrels of oil per day net to the Corporation after royalty) with a declining watercut of 5%.

Tags: Suroco Energy