Suroco Energy Inc.
TSX VENTURE : SRN

Suroco Energy Inc.

January 27, 2010 17:29 ET

Suroco Energy Inc. Announces Appointment of David Monroe as Vice-President, Engineering

CALGARY, ALBERTA--(Marketwire - Jan. 27, 2010) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Suroco Energy Inc. (TSX VENTURE:SRN) (the "Corporation") is pleased to announce the appointment of David Monroe as Vice-President, Engineering of the Corporation, subject to approval of the TSX Venture Exchange.

Mr. Monroe has 28 years of diverse reservoir and operations engineering experience in both Canadian and international petroleum companies. Over the last 20 years, he has held increasingly senior reservoir engineering roles that have included a full spectrum of reservoir types. He has held hands-on leadership roles in both corporate reserve management and multi-disciplinary exploration and development teams.

Prior to joining the Corporation in August 2009 as a reservoir engineer, Mr. Monroe was employed as Chief Reservoir Engineer with First Calgary Petroleums Ltd., where he was actively involved in the appraisal of a 1 Tcf gas discovery, and the discovery and delineation of a 200 MMBOE oil field in the Sahara desert in Algeria. He played a key role in the submission of development plans for both major fields plus numerous minor gas condensate fields that were all subsequently approved by the Algerian regulatory authority.

Prior to his employment with First Calgary Petroleums Ltd., Mr Monroe was employed as Reservoir Engineering Manager with Paramount Resources Limited, where he lead a team that was responsible for reserve management, exploration and development support, well test planning and analysis, acquisition and divestment support for properties throughout the Western Canadian basin. Mr. Monroe's earlier reservoir engineering experience was obtained through his employment as a senior reservoir engineer with EOG Resources and Mobil Oil. Mr. Monroe's first 8 years in the oil and gas industry were in Western Canadian field locations with Mobil Oil, as a production and operations engineer.

Mr. Monroe holds B. Sc. Degree in Chemical Engineering from the University of Calgary (1981), is a registered professional engineer in the Province of Alberta, and is a long standing member of the Society of Petroleum Engineers.

The Corporation is a Calgary-based junior oil and gas company, which explores for, develops and sells crude oil, natural gas liquids and natural gas in Colombia and Western Canada. The Corporation's common shares trade on the TSX Venture Exchange under the symbol SRN.

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.

Contact Information

  • Suroco Energy Inc.
    Alastair Hill
    President and Chief Executive Officer
    (403) 232-6784
    (403) 232-6747 (FAX)
    or
    Suroco Energy Inc.
    Travis Doupe
    VP Finance and Chief Financial Officer
    (403) 232-6784
    (403) 232-6747 (FAX)
    www.suroco.com