Suroco Energy Inc. Provides Update on Putumayo Drilling

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Suroco Energy Inc. (TSX VENTURE:SRN) ("Suroco" or the "Corporation") announces
an update on drilling operations in Colombia's Putumayo Basin, at Canelo Sur-2
in the Putumayo 2 Block and at Quinde-4 in the Suroriente Block.


Drilling Update - Canelo Sur 2 Exploration Well, Putumayo 2 Block 

The Canelo Sur-2 exploratory well (see the Corporation's October 29, 2013 press
release) was spud on October 26, 2013. During the drilling of the well,
operations had to be suspended for six days due to community unrest, during
which time the shales in the open hole section reacted with the water based mud,
resulting in deteriorating hole conditions such that the intermediate casing
string could not be run to the planned depth. Subsequent mechanical difficulties
resulted in some drilling equipment becoming stuck in the hole which could not
be retrieved. Consequently, a decision was made to set a cement plug and drill a
new hole from below the shoe of the 13 3/8" surface casing at 2,195 feet. At the
present time, a 12-1/4" hole is being drilled at 2,326 feet and the Corporation
now expects to release well results during February of 2014.


Drilling Update - Quinde-4 Well, Putumayo 2 Block 

The Quinde-4 well (see the Corporation's December 17, 2013 press release) has
been successfully drilled to a total depth of 10,100 feet, and completion
operations will proceed after the production casing is cemented in place.
Testing results are expected to be released in late January of 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. 


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 visit our website at www.suroco.com.

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
(TSXV:SRN)
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