Suroco Energy Inc. report that the Cohembi-5 appraisal well has been successfully placed on production.

Mr. Alastair Hill, the Corporation's President and Chief Executive Officer commented, "The Cohembi-5 results are in line with our expectations and demonstrate nicely the continuity of this very high quality reservoir which supports the feasibility of our planned water injection project to significantly increase the amount of oil we can recover from this oilfield. From a regulatory and engineering design perspective, the project is on track to have water injected by early 2013. Ultimately, with a successful waterflood, the Cohembi field has the potential to become one of the larger oilfields in the Putumayo Basin".

Tags: Suroco Energy