Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy
advisory firm, today has recommended that shareholders of Suroco Energy Inc.
("Suroco") vote AGAINST the Petroamerica Arrangement at Suroco's upcoming annual
and special meeting of shareholders to be held on June 25, 2014 at 10:00 a.m.
(Calgary time) and support the all cash offer made by Vetra Acquisition Ltd.
("VETRA"), a wholly-owned subsidiary of VETRA Holding S.a.r.l., for all of the
issued and outstanding shares of Suroco for $0.72 per common share. 


ISS is the world's leading provider of corporate governance advice and proxy
voting recommendations to the global financial community. More than 1,700
institutional shareholders rely on ISS' expertise to help them make more
informed voting decisions. 


In making its recommendations in respect of matters to be voted upon by
shareholders of a public company, ISS carefully considers all relevant
information and determines the outcome that is in the best interest of all
shareholders. ISS recommended that Suroco shareholders vote AGAINST the
Petroamerica arrangement and support VETRA's proposed acquisition of Suroco. 


In its report ISS stated, "Upon analysis of the numbers, it is felt that the
revised Vetra offer of $0.72 cash per SRN share represents a higher value for
clients. Since the dissident has now made a compelling case for the revised
offer, a vote AGAINST the earlier proposed acquisition by Petroamerica Oil Corp.
is warranted."


On June 18, VETRA amended its all cash offer for Suroco to:



--  Increase the offer price to $0.72 per common share. 
--  Remove all but four conditions to its offer. 
--  Commit to extend the offer if the 50.1% condition is met. 



In addition, VETRA exposed Suroco management's failures and conflicts of
interest, including that there was: no auction process; an excessive break fee
in the agreement with Petroamerica; a failure to establish special committee of
the board; and abusive voting mechanics that disenfranchised minority
shareholders.




                       Attention Suroco shareholders:                       
 Regardless of how many shares you own, it is imperative you vote your BLUE 
                                   proxy.                                   
            Shareholders are urged to vote before the deadline of           
             Friday, June 20, 2014 at 12:00 p.m. (Calgary time)             



Suroco shareholders with questions about the Offer and how to vote AGAINST the
Arrangement and deposit shares to the Offer, should contact VETRA's information
agent and depository, Kingsdale Shareholder Services, toll-free within North
America: 1-855-682-8087 or Call Collect: 416-867-2272, by fax: 416-867-2271 or
1-866-545-558 or e-mail: contactus@kingsdaleshareholder.com.


About VETRA

The offeror is Vetra Acquisition Ltd., a wholly-owned subsidiary of VETRA
Holding S.a.r.l., a holding company whose primary operating subsidiary is Vetra
Exploracion y Produccion Colombia, S.A.S., a multinational company engaged in
the business of exploration, extraction and production of hydrocarbons,
primarily in Colombia and Peru. Neither VETRA nor any of its and its associates
or affiliates own any shares of Suroco.


About Suroco

Suroco is focused on the identification and evaluation of opportunities for the
acquisition of interests in oil and gas properties, corporations, assets or
businesses, primarily in Colombia, and once identified and evaluated,
negotiating acquisitions thereof or participation therein. Suroco is a public
corporation that is listed on the TSXV under the symbol "SRN" and its public
filings are available on www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Media Inquiries:
Kingsdale Shareholder Services
416-867-2357
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