09:50 AM EST - Suroco Energy Inc. : announced that it has temporarily suspended operations at the Canelo Sur-2 exploratory well pending resolution of a community-related dispute in the region. The Well has reached the programmed total depth of 9,970 feet, however a community-related disagreement has arisen that is preventing personnel and supplies from reaching the drilling site. The Corporation, along with the Operator, PetroNova Inc. and the drilling contractor are utilizing all available resources to maintain personnel safety and well security while working with community representatives and local authorities to identify and resolve the underlying motivation of the unrest, in order to be able to resume normal activities. Once operations recommence, a liner will be run in the Well which will facilitate the ability to acquire cased-hole logs such that a decision can be made regarding future testing operations. Pending further wireline log information, testing is initially planned for the Lower 'U' Sand of the Villeta Formation. Suroco Energy Inc.
shares V.SRN are trading unchanged at $0.27.
