/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
CALGARY, Aug. 19 /CNW/ - Suroco Energy Inc. (TSX Venture Exchange: SRN)
(the "Corporation") announces that it is working to complete its due diligence
and negotiation of a definitive agreement with Alentar Holdings Inc.
("Alentar") in respect of the proposed arm's length transaction with Alentar
that was previously announced in the Corporation's July 21, 2008 press
release, and as a result, effective August 15, 2008, it has extended the
deadline for entering into a mutually accepted definitive agreement with
Alentar to September 1, 2008, or such other date as agreed to between the
Corporation and Alentar.
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 Western Canada, the United States of America and Central and
South America. The Corporation's common shares trade on the TSX Venture
Exchange under the symbol SRN.
The TSX Venture Exchange has in no way passed on the merits of the
proposed transaction and has neither approved nor disapproved the contents of
the press release. There can be no assurance that the proposed transaction
will be completed as proposed or at all. Trading in the securities of the
Corporation should be considered highly speculative.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
For further information:
For further information: Travis Doupe, VP Finance and Chief Financial
Officer of the Corporation, Telephone: (403) 232-6784, Facsimile: (403)