Suroco Energy Inc. Announces Continued Successful Oil Pool Delineation With Cohembi-4 Well

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Suroco Energy Inc. (TSX VENTURE:SRN) ("Suroco" or the "Corporation") is pleased
to announce that the Cohembi-4 appraisal well has encountered 18 feet of very
high quality oil pay, approximately 1.2 kilometers northwest of the closest
producing well. 


The Cohembi-4 well was spudded on June 13, 2012 and drilled directionally to the
northeast from the newly constructed Cohembi-4 multi-well surface pad, with a
bottomhole location approximately 1.2 kilometers northwest of the nearest
existing well at Cohembi-3. The well reached a total depth of 9,064 feet (8,741
feet true vertical depth) on June 29, 2012. Open hole logs indicate 18 feet of
oil pay in the Villeta N sand (true vertical thickness) and porosities that are
equal to the best yet encountered in the Cohembi Field. As with all the
previously drilled wells in the Cohembi oilfield, no oil-water contact was
encountered within the reservoir sand. The Cohembi-4 well is expected to be
completed and placed on production within the next two weeks. 


Following the completion of Cohembi-4, the drilling rig will spud Cohembi-11,
the second well from the Cohembi-4 surface pad. The objective of this well is to
delineate the oil reservoir 1.2 kilometers west of the Cohembi-4 location and
3.2 kilometers northwest of the discovery well at Cohembi-1. Dependent on the
test results of Cohembi-4 and Cohembi-11, a third development location may be
drilled from the Cohembi-4 pad. The remainder of the 2012 program will then
focus on delineating the southern extent of the field from the existing
Cohembi-2 pad and planned Cohembi-6 multi-well surface pad. Preparations are
complete to facilitate two new locations at Cohembi-2, and the Cohembi-6 lease
is expected to be completed in September. 


Further details explaining the Corporation's activities and 2012 drilling
program are contained in a presentation on the Corporation's website at
www.suroco.com. 


The Corporation is a Calgary-based junior oil and gas company, which explores
for, develops, produces and sells crude oil, natural gas liquids and natural gas
in Colombia. The Corporation's common shares trade on the TSX Venture Exchange
under the symbol SRN.


Forward-Looking Statements

This press release contains forward-looking statements relating to the
operational and exploration activities for Suroco, the evaluation of certain
prospects in which the Corporation holds an interest, estimated number of
drilling locations, expected capital program (including its allocation) and
drilling costs, production growth, and other statements that are not historical
facts. Readers are cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility
that the predictions, estimates, forecasts, projections and other
forward-looking statements will not occur, which may cause actual performance
and results in future periods to differ materially from any estimates or
projections of future performance or results expressed or implied by such
forward-looking statements. These assumptions, risks and uncertainties include,
among other things, the state of the economy in general and capital markets in
particular; fluctuations in oil prices; the results of exploration and
development drilling, recompletions and related activities; changes in
environmental and other regulations; risks associated with oil and gas
operations and future exploration activities; the need to obtain required
approvals from regulatory authorities; product supply and demand; market
competition; political and economic conditions in the country in which the
Corporation operates; and other factors, many of which are beyond the control of
the Corporation. You can find an additional discussion of those assumptions,
risks and uncertainties in Suroco's Canadian securities filings. 


Readers should also note that even if the 2012 drilling program as proposed by
Suroco is successful, there are many factors that could result in production
levels being less than anticipated or targeted, including without limitation,
greater than anticipated declines in existing production due to poor reservoir
performance, mechanical failures or inability to access production facilities,
among other factors.


The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, Suroco disclaims any
intention and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Additionally, Suroco undertakes no obligation to comment on the expectations of,
or statements made by, third parties in respect of the matters discussed above.
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