/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
CALGARY, April 8 /CNW/ - Suroco Energy Inc. (TSX Venture Exchange: SRN)
(the "Corporation") is very pleased to announce the appointment of Juan Szabo
as a director of the Corporation. Mr Szabo's appointment is in conjunction
with the closing of a recently completed transaction, described in the
Corporation's April 6, 2009 press release.
The Corporation also announces that it has accepted the resignation of
Walter Dawson as a director of the Corporation. Mr. Dawson has resigned in
order to focus on his other significant and growing business interests. The
management and directors of the Corporation would like to express their
sincere appreciation to him for his advice and counsel through the early and
formative stages of the Corporation and wish him continued success in his
other business ventures.
The Corporation's newly appointed director, Mr. Szabo, is a professional
engineer with over 39 years of experience in the petroleum industry. A
significant period of his career was spent with Petróleos de Venezuela S.A.
("PDVSA"), where he was responsible for the acquisition of most of PDVSA's
downstream assets in the United States and the opening of the petroleum
industry to private investment during the mid 1990's. Mr Szabo also served as
a member of the Board of Directors of Pequiven, PDVSA Oil and Gas, Citgo
Petroleum and several other joint venture companies.
After taking early retirement from PDVSA in 2000, Mr Szabo was appointed
General Manager of Inepetrol, a Venezuelan exploration and production company
which, during his tenure, became one of the most relevant Venezuelan oil and
gas concerns with over 100 million barrels of reserves.
Since 2007, Mr Szabo has served as an advisor to private and public
companies such as Inepetrol, P.T. Energi Mega Persada Tbk (Indonesia), CANTV
and Alentar Holdings Inc. (an affiliate of Activalores S.A., a Venezuelan
Investment Bank), as well as for multilateral organizations such as the
InterAmerican Development Bank (BID) and the Central Bank of Ecuador.
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 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.
For further information:
For further information: Travis Doupe, VP Finance and Chief Financial
Officer of the Corporation, Telephone: (403) 232-6784