Replies to post #93 on Canadian Superior Energy (SNG)

[bdahl385]

I really think that they should be showing on the website if they are indeed not updating the daily drilling reports anymore. The link keeps updating to the current date but the document has been static since May 8th and 14,415 feet.

I have been with SNG long enough to know that the Victory well went into "tight hole" status during the last section of the well bore drilling. It was clearly seen on the website that the daily updates would no longer be given until a PR was released with the results.

I have even emailed SNG several times about this and have not gotten a reply to any of my correspondence.

I would say that some type of PR will be forthcoming in the next 7 days or so since previous PR's stated that TD should be reached in early June (which is pretty darn close to NOW)

[bdahl385]

Finally, the CanSup website daily drilling update report file has new information on it today. And it's not good news. At least they show to be drilling again at 15,271' even though the well should be at TD by now from the early May PR. My bet is that they had hole prob's again (lost circulation / stuck pipe / BOP repair / who knows?).

It is disappointing to me that CanSup hasn't PR'd this, they are acting more like a Pink sheet stock instead of an AMEX listed company on this lack of info.

The downhole prob's on Victory didn't affect the substantial gas discovery but the added drill time definately costs money.
There are footnotes in the CanSup financials that there is an ~$6M dispute ongoing with the driller over cost over runs on the first well.

Let's hope for a PR detailing an updated status report and a new target date for getting to TD.