Suroco Energy Inc. (SRN.V), which closed Friday down 4.5% near a year low 30 cents, announced that operations in the Suroriente block in the Putumayo Basin of Colombia have been temporarily suspended.
It said the suspension was initiated due to civil demonstrations and illegal road transport blockages that occurred between December 11 and December 14. Following the road closures, production activity continued until available storage tanks were filled, at which point a decision was made to suspend production operations until they can safely be resumed.
The road transport blockages are no longer in place, and the Operator is now working to recommence production operations. The Corporation's drilling operations in the adjacent Alea 1848 A block were unaffected by the demonstrations.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
