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Gold/Mining/Energy : Canadian Oil & Gas Companies

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From: Cal Gary	10/4/2010 12:31:14 PM
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Ha!? Suroco third party wins Colombian exploration block 2010-10-04 06:26 ET - News Release Mr. Alastair Hill reports SUROCO ENERGY INC. ANNOUNCES WITHDRAWAL OF AWARD OF PUTUMAYO 12 BLOCK IN COLOMBIA The National Agency of Hydrocarbons of Colombia has published a revision to its previously announced award of the Putumayo 12 block to a consortium, in which Suroco Energy Inc., indirectly through its wholly owned subsidiary Suroco Energy Colombia, was to participate as operator with a 50-per-cent working interest. On Aug. 6, 2010, the ANH announced, in its definitive list for awarding of the blocks, that it was awarding the Putumayo 12 block to the consortium. Subsequent to that announcement, an appeal was made contesting this award by a third party who had also bid on the block. The ANH has apparently approved that appeal and has announced a revision resulting in the block being awarded to that third party. The ANH has convened a public meeting for interested parties on Oct. 8, 2010, to provide clarifications for the revisions, which representatives of the corporation will attend. We seek Safe Harbor.

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