Canadian Superior Energy (SNG)

[TheBountyHunter]

Folks, The Bounty Hunter has arrived at calculations, but first, here's the latest news...
http://www.ft.com/cms/s/0/0f85143c-2a85-11dd-b40b-000077b07658.html

Alright then, I've been working on a timetable for investors and one thing we notice from the Challenger Energy presentation is that the Endeavour will not be spud until late in the third quarter of 2008. I know we are all excited about getting each well done and knowing the total for the first three wells on this block.

So, here is our timetable.

We get news soon on a drilling update. We haven't seen one in a couple of days now. This is located on the company website.

Next, we see that this section of the well will be logged and the results will show that flow testing is warranted. On the Victory Well, this PR took about 10 days after TD. For Bounty, that would be around the 16th of June. However, we may be in for a very quick upswing in price as there, is probably a lot more data right now on this prolific well and the company seems to be so busy they are sometimes forgetting to post timely updates on the website.

Now, what is really great is that they are intending to spud Endeavour late in the third quarter. Now, if you add up the months and days in your head that would be at least August 16th or later for Endeavour. That would be two months from the June 16th PR date for flow testing. On Victory, it only took a month and a half.

I think that what all this means is that they will be testing multiple zones and this is going to take more time on this prolific well. If you look at the timetable, it may be that we flow test zones at Bounty for three months. That is awesome!