Suroco Energy Inc. says that the Cohembi-13 appraisal well has been successfully drilled and placed on production and water injection for improved recovery in the Cohembi oilfield commenced on December 14, 2012. Average monthly production for the Corporation during December 2012 was a record high of 1,271 barrels of oil per day net to the Corporation after royalty.

Mr. Alastair Hill, the Corporation's President and Chief Executive Officer commented, "The commencement of water injection in the Cohembi oilfield is an important milestone for reserve development and increased recovery from this large field. We will continue with appraisal drilling at Cohembi in 2013, with the target of full field development and full pressure maintenance by early 2014. "

Tags: Suroco Energy