Canadian Superior Becomes Largest Offshore Exploration Holder Offshore Nova Scotia With New "Falcon" and "Osprey" Acquisitions
Canadian Superior Energy Inc. ("Canadian Superior") (the "Company") (TSX: SNG) (AMEX: SNG) announced today that its offshore Nova Scotia exploration acreage holdings have increased to 2.59 million net acres with the addition of the EL2412 and EL2413 deepwater blocks previously held by Richland Minerals, Inc. of Southern California. These two blocks have been named the "Falcon" and "Osprey" Blocks, and are EL2412 and EL2413, respectively, and complement Canadian Superior's "Mayflower" (EL2406), "Marauder" (EL2415), "Marconi" (EL2416), "Mariner" (EL2409) and "Marquis" (EL2402) exploration blocks. This now results in Canadian Superior becoming the largest exploration acreage holder offshore Nova Scotia.
Canadian Superior as the largest exploration acreage holder offshore Nova Scotia is planning further drilling on its "Mariner" (EL2409) Block near Sable Island later this year. Speaking from Calgary today, Canadian Superior's Chairman, Greg Noval, said, "The new acquisitions also complement Canadian Superior's deepwater holding and as a result of this they should also inspire further deepwater drilling offshore Nova Scotia."
Canadian Superior is a Calgary, Alberta, Canada based oil and gas exploration and production company with operations in Western Canada, Offshore Trinidad and Tobago and Offshore Nova Scotia. See Canadian Superior's website at www.cansup.com to review Canadian Superior's operations in Western Canada, Offshore Trinidad and Tobago and Offshore Nova Scotia interests.
This news release contains forward-looking information on future production, project start-ups and future capital spending. Actual results or estimated results could differ materially due to changes in project schedules, operating performance, demand for oil and gas, commercial negotiations or other technical and economic factors or revisions.
