SRN

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Suroco Energy Inc. (TSX VENTURE:SRN) ("Suroco" or the "Corporation") is pleased
to announce commencement of production from recently drilled wells at the
Cohembi-6 multi-well pad and the spudding of the Cohembi-14 well. 


Mr. Alastair Hill, the Corporation's President and Chief Executive Officer
commented, "The results of the first three wells drilled from the Cohembi-6 pad
have exceeded our expectations for reserve potential in the southern sector of
the Cohembi field. The commencement of production from this pad will provide a
major enhancement to oil productivity and sales for the second quarter of 2013
and beyond. We plan two additional locations from this pad, the first of which
is positioned to further delineate the thickest sand encountered to date in the
Cohembi field".  


Cohembi Drilling Update 

The Cohembi-9 well was spudded on February 20, 2013 and directionally drilled to
a total measured depth of 9,720 feet, approximately 1.2 kilometers south of the
Cohembi-6 well (see the Corporation's February 25, 2013 press release). It
encountered 35 feet of high quality net oil pay, the thickest net pay
encountered in the Cohembi field to date. After completing and equipping
Cohembi-9 for production with an electric submersible pump, the rig then spud
the Cohembi-10 well from the same Cohembi-6 surface pad on April 1, 2013. The
Cohembi-10 well was directionally drilled approximately 950 meters west of the
Cohembi-6 well to a total measured depth of 9343 feet and encountered 14 feet of
high quality oil pay. The Cohembi-10 well was completed and equipped to pump,
and the rig then spud the Cohembi-14 well from the same surface pad on May 4,
2013. This well will be directionally drilled to a location approximately 2
kilometers south-west of the Cohembi-6 well, and based on seismic mapping, is
expected to further delineate the thick sand trend encountered at the Cohembi-9
well. Following the Cohembi-14 well, it is expected that the Cohembi-15 well
will be directionally drilled from the same pad, to a location approximately
1200 meters north-west of the Cohembi-6 well. No indication of an oil-water
contact was observed in either the Cohembi-9 or Cohembi-10 wells, and initial
reservoir pressures measured in each well demonstrate good connectivity with the
main Cohembi oil pool. Due to the ongoing drilling operations at the Cohembi-6
pad, stabilized testing of the wells was deferred until the completion of
flowlines connecting the pad with the Cohembi central production facility. 


Suroriente Block Production Update

Since April 23rd, when the Cohembi-6 and Cohembi-9 wells commenced production,
record oil production rates have been achieved. Average production from
Suroriente for the full month of April was 10,643 bopd (1,550 bopd net to the
corporation after royalty) with production in the last 7 of days of April
averaging 12,089 bopd (1,761 bopd net to the corporation after royalty). During
the last seven days of April, Cohembi-6 produced at an average rate of 1,096
bopd at zero percent watercut (160 bopd net to the Corporation after royalty)
and Cohembi 9 produced at an average rate of 1,164 bopd at zero percent watercut
(170 bopd net to the Corporation after royalty). As of May 7, the Cohembi-10
well has not commenced continuous production due to Trans-Andean Pipeline (OTA)
disruptions that are considered by the Corporation to be temporary. Despite
these disruptions, production from the Suroriente Block has averaged 11,136 bopd
(1,622 bopd net to the Corporation after royalty) over the first six days of May
through the use of alternate transportation arrangements. The Cohembi-10 well
was produced by electric submersible pump to the drilling rig tank for a 12-hour
period on April 27, 2013 to validate inflow, and based on that test, the
Corporation expects the well to produce at approximately 800 to 1000 bopd under
unrestricted oil evacuation conditions.  The Cohembi-6 pad wells are currently
being operated at relatively low pump frequency and will be gradually ramped up
as operational and transportation conditions permit. 


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, estimated timing of drilling of wells, expected capital
program (including its allocation), production growth, reserves growth, the
ability of the Corporation to sell its crude volume 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 2013 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Suroco Energy Inc.
Alastair Hill
President and Chief Executive Officer
(403) 232-6784
(403) 232-6747 (FAX)


Suroco Energy Inc.
Travis Doupe
VP Finance and Chief Financial Officer
(403) 232-6784
(403) 232-6747 (FAX)
www.suroco.com

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