Suroco Energy Inc. report that the Cohembi-11 appraisal well has been successfully drilled and placed on production and drilling has now commenced from the same multi-well pad for the Cohembi-8 development location.

Mr. Alastair Hill, the Corporation's President and Chief Executive Officer commented, "The Cohembi-11 well is the first location drilled on older vintage 2D seismic and has now extended the oil-bearing area beyond what has been mapped on the more recent 3D seismic survey. This well result has significantly increased the total oil column height in the Cohembi oilfield and importantly validates our 2D seismic mapping methodology, which has identified a number of Villeta N exploration targets in the Suroriente Block and on our exploration acreage elsewhere in the Putumayo Basin. The drilling program will now re-focus within the area of 3D seismic coverage, first in the area around the Cohembi-1 well where water injection will commence in Q4 2012, and then on delineation of the highly prospective southern area of the field, where we believe the majority of the discovered oil in place is located."

Tags: Suroco Energy