Canadian Superior Energy Inc. Advises on Stock Price Move and Comments on Trinidad and Tobago Intrepid Block 5(C)
Friday April 15, 5:31 pm ET
CALGARY, Alberta--(BUSINESS WIRE)--April 15, 2005--Canadian Superior Energy Inc. ("Canadian Superior") (TSX:SNG - News; AMEX:SNG - News) of Calgary, Alberta, said today that it believes recent upward movement in its stock price is associated with a media report from Trinidad and Tobago where the Government of Trinidad and Tobago and the Minister of Energy, the Honorable Eric Williams are reported to have publicly stated today that Canadian Superior has been formally awarded its intrepid block 5©.
Canadian Superior is awaiting formal confirmation of the same by the government of Trinidad and Tobago. Greg Noval president of Canadian Superior said today "the Company looks forward to working with the Government and people of Trinidad & Tobago on this exciting project, and appreciate the confidence the Energy Ministry & Government of Trinidad and Tobago have placed in our company. Once we receive formal confirmation of the above mentioned; this will pave the way for Canadian Superior to drill the first well of our multi-well drilling program later in 2005."
For further information and maps on Canadian Superior's Western Canada, Offshore Trinidad and Offshore Nova Scotia operations and holdings, see Canadian Superior's website at www.cansup.com.
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