SRN

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Suroco Energy Inc. (TSX VENTURE:SRN) ("Suroco" or the "Corporation") is pleased
to announce the continuation of growth in production volumes from the Suroriente
Block leading to record quarterly production for the Corporation of 1,819
barrels of oil per day net to the Corporation before royalty (1,670 barrels of
oil per day net to the Corporation after royalty), representing approximately a
38% increase in net after royalty production versus the Corporations' production
in the first quarter of 2013.


Suroriente Block Operational Update

Production Update

The Corporation achieved record production from the Suroriente Block for the
second quarter of 2013, at 1,819 barrels of oil per day net to the Corporation
before royalty (1,670 barrels of oil per day net to the Corporation after
royalty). The increase was primarily due to the ramping up of production from
four wells producing from the Cohembi-6 multi-well pad in the southern area of
the field. 


Cohembi-14 Well

Drilling operations for the Cohembi-14 well were completed in early June, and
the well was placed on permanent production into the Cohembi central production
facility on June 6, 2013. Gross oil production from Cohembi-14 averaged 1,142
barrels of oil per day (166 barrels of oil per day net to the Corporation after
royalty) with zero percent watercut for the remainder of the month. The
successful drilling of Cohembi-14 marked a significant technical achievement for
deviated drilling capability within the field. The well was deviated a lateral
distance of 2,077 meters from the Cohembi-6 surface pad, which is 65% further
than any previously drilled Cohembi wells.


Cohembi-15 Well

The Cohembi-15 well was spudded on June 8, and was directionally drilled 1,356
meters north-west from the Cohembi-6 surface pad in late June. The well
encountered the second highest amount of Villeta N net pay in the Cohembi field
to date at 28 feet of high quality net pay. The Cohembi-15 well was placed on
production on July 9, and was gradually ramped up to a gross stabilized oil rate
of approximately 1,200 barrels of oil per day (175 barrels of oil per day net to
the Corporation after royalty) with zero percent watercut.


2013 Drilling Program Update

The drilling rig is now moving to the Pinuna-7 stepout location, which will be
directionally drilled approximately 1500 meters south-west from the existing
Pinuna-4 multi-well surface pad. This well will evaluate Villeta sand oil
potential on the western flank of the Pinuna-Quillacinga oilfield. 


Following Pinuna-7, the rig will drill the Quinde-2 stepout location in the west
central area of the Suroriente Block. This well will be directionally drilled
approximately 340 meters north from the Quinde-1 multi-well pad, with multiple
reservoir targets in the Villeta formation. 


Success with either of these locations could result in a follow-up drilling
location, or the rig may return to Cohembi to continue drilling development
locations late in 2013.


Cohembi Water Injection & Pressure Maintenance Program

Water injection for pressure maintenance at the Cohembi-1 well has been
continuous since December 2012, averaging approximately 3,900 barrels of water
per day for the first half of 2013. The high volume of oil production from the
area of the Cohembi-6 pad has resulted in a requirement for more water injection
in that area to maintain reservoir pressure and oil production rates into 2014.
Regulatory approval has been obtained to convert the Cohembi-6 well to water
injection, with a target date for commencement of water injection of October 1,
2013. The injection facility will be designed to inject 7,000 barrels of water
per day into the Cohembi-6 well and balance reservoir withdrawals in the
southern half of the Cohembi field. The Corporation is continuing to evaluate
alternate full-development scenarios with updated reservoir simulation studies
and an ongoing polymer core flood study. Approval of an application to amend the
Suroriente Environmental License is expected late in 2013, which will allow
additional drilling and facility construction that will move Cohembi towards
full field development during 2014. 


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. Further details of the Corporation's activities are contained in an
updated presentation to be available shortly on the Corporation's website. 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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


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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