Suroco Energy announces a revision of the results of the independent reserves report effective December 31, 2013 for the Corporation. The revised volumes and values stated in this news release represent immaterial changes to those presented in the Corporation's original release of March 4, 2014 and its press release of March 24, 2014. The [...]
Suroco Energy is pleased to announce the following guidance on its planned 2014 drilling activity, capital spending and forecast production in addition to an update on its operational activities in Colombia. Mr. Alastair Hill, the Corporation's President and Chief Executive Officer commented, "The impact of the Quinde 'N' sand discovery which we [...]
Suroco Energy announces that it has temporarily suspended operations at the Canelo Sur-2 exploratory well pending resolution of a community-related dispute in the region. The Well has reached the programmed total depth of 9,970 feet, however a community-related disagreement has arisen that is preventing personnel and supplies from reaching the [...]
Suroco Energy is pleased to announce the results of the independent reserves report effective December 31, 2013 for the Corporation. The Corporation's reserves were evaluated by GLJ Petroleum Consultants of Calgary in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities and in accordance with the COGE [...]
Suroco Energy is pleased to announce that it has entered into an amendment to the senior secured credit facility that it entered into on March 15, 2013 with Macquarie Bank, wherein an additional US$10 million in committed funds has been made available to the Corporation. As mentioned above, the Corporation entered into the Credit Agreement to [...]
Suroco Energy announces an update on drilling and completion operations in the Suroriente Block. Completion and Testing Update - Quinde-4 Well, Suroriente Block: The Quinde-4 well (see the Corporation's January 3, 2014 press release) was successfully completed and tested in an oil-bearing Upper Villeta sand interval from 9,735 feet to 9,767 feet [...]