Suroco Energy Inc. Provides Update on Suroriente Block Drilling Activity

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Suroco Energy Inc. (TSX VENTURE:SRN) ("Suroco" or the "Corporation") 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. The well produced on natural flow for a total of
39 hours, with a stabilized gross rate over the final two hours of 857 barrels
per day (125 barrels per day net after royalty) of 18 degree API oil with zero
percent watercut. The well, which was drilled, cored, and tested in 32 days from
spud is being equipped with an electric submersible pump that will enhance upon
the natural productive flow capability of the well, and an optimal producing
rate will be determined during the permanent production phase. The Corporation
expects that production will commence in March of 2014 from the Quinde-4 well,
once production tanks and loading facilities have been installed. Following the
completion work on Quinde-4, the drilling rig will continue completion
operations at the Quinde-2 well from the same multi-well pad with the objective
of more fully evaluating the Upper Villeta sand that was previously tested
unsuccessfully in this well. The Corporation is also evaluating the possibility
of additional locations that could be drilled from the same Quinde multi-well
pad, and information regarding the next drilling location for the rig and the
potential of this oil accumulation will be the subject of a future announcement.


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.


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
(TSXV:SRN)
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