Canadian Superior Energy Company News

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Canadian Superior Energy Notes Operational Updates
Canadian Superior Energy issued an update on its operational plans, activities and results.
8:00 PM EST | June 02, 2010
Canadian Superior Energy Posts 1Q10 Results
Canadian Superior Energy announced the release of its financial and operating results for the three months ended March 31, 2010.
8:00 PM EST | May 12, 2010
Canadian Superior Energy Secures Rig Offshore Tunisia
Canadian Superior has signed an Assignment and Transfer Agreement with BG Tunisia Limited and ENSCO Offshore International Company related to the ENSCO 105 drilling rig.
8:00 PM EST | April 29, 2010
Canadian Superior Highlights '09 Results
Canadian Superior Energy announced the release of its fourth quarter and year-end financial results for 2009.
8:00 PM EST | March 29, 2010
Canadian Superior Closes Private Placement, Appoints Director
Canadian Superior successfully closed its previously announced non-brokered private placement, some proceeds of which will be used for exploration and development activities.
7:00 PM EST | January 19, 2010
Canadian Superior Increases Production Levels
"Since the Company's restructuring concluded in September, we have been increasing production levels and moving forward on a number of different fronts," said Marvin Chronister, Canadian Superior's Chairman of the Board.
7:00 PM EST | December 20, 2009
Canadian Superior Announces Non-Brokered Financing
Canadian Superior intends to raise up to C$50,000,000 through a non-brokered private placement issue of up to 96,153,846 common shares at C$0.52 per Common Share.
7:00 PM EST | December 17, 2009
Canadian Superior Posts 3Q Financial, Operating Results
Canadian Superior has reported its financial and operating results for the three months and nine months ended September 30, 2009.
7:00 PM EST | November 12, 2009
Canadian Superior Clarifies Status of Challenger Warrants
Following its recent acquisition of Challenger Energy, Canadian Superior announced that two classes of warrants issued by Challenger remain outstanding and are now exercisable for common shares of Canadian Superior.
8:00 PM EST | September 24, 2009
Canadian Superior Elects Chairman for Board of Directors
Canadian Superior announced that Marvin Chronister has been appointed as the Chairman of its board of directors.
8:00 PM EST | September 13, 2009
Canadian Superior Secures CCAA Protection Extension
Canadian Superior announced that its application of July 23, 2009 to the Court of Queen's Bench of Alberta for an Order under the Companies' Creditors Arrangement Act to extend its CCAA protection has been granted.
8:00 PM EST | July 23, 2009
Canadian Superior Receives Notice from BG International
Canadian Superior has received from BGI a notice of election regarding BGI's right of first refusal in respect of the agreement of purchase and sale between Canadian Superior and Centrica Resources.
8:00 PM EST | July 02, 2009
Canadian Superior, Challenger Enter into Business Combination
Canadian Superior and Challenger Energy have entered into an arrangement agreement providing for the acquisition by Canadian Superior of Challenger.
8:00 PM EST | June 18, 2009
Canadian Superior Granted Extension on CCAA Protection
Canadian Superior's application of June 4, 2009 to the Court of Queen's Bench of Alberta for an Order under the CCAA to extend its CCAA protection has been granted.
8:00 PM EST | June 04, 2009
Centrica Clinches Stake in Gas Development Block Offshore Trinidad
Centrica reached an agreement with Canadian Superior to acquire a 45% interest in gas development Block 5(c), offshore Trinidad, for $142.5 million.
8:00 PM EST | June 01, 2009
NYSE Amex Lifts Trading Halt in Canadian Superior's Shares
NYSE Amex LLC has lifted a trading halt in Canadian Superior Energy's shares pursuant to an extension.
8:00 PM EST | May 18, 2009
Canadian Superior Updates on CCAA Protection Extension
Canadian Superior's application to the Court of Queen's Bench of Alberta for an Order under CCAA to extend its protection has been granted, allowing the company to prepare a plan of arrangement for its creditors.
8:00 PM EST | May 04, 2009
Canadian Superior Appoints Chief Operating Officer
Canadian Superior announced the appointment of Mr. Leif Snethun, P.Geol, to the position of Chief Operating Officer effective April 30, 2009.
8:00 PM EST | April 30, 2009
Executive Chairman, CEO Depart Canadian Superior
Canadian Superior Energy announced the departure of Mr. Greg Noval as Executive Chairman of the Company and Mr. Mike Coolen as President and Chief Executive Officer of the Company.
8:00 PM EST | April 26, 2009
Canadian Superior Appoints Independent Counsel
Canadian Superior announced that its Independent Committee has appointed Carscallen Leitch LLP as its new independent counsel.
8:00 PM EST | April 12, 2009
Canadian Superior Adds 2 Directors to Independent Committee
Canadian Superior announced that Alex Squires and Charles Dallas joined its previously-established committee of independent directors that was formed to assist the board of directors.
8:00 PM EST | April 02, 2009
Canadian Superior Underscores CCAA Protection Extension
Canadian Superior's application to the Court of Queen's Bench of Alberta for an order to extend its CCAA protection has been successful.
8:00 PM EST | March 25, 2009
Canadian Superior Successfully Acquires Creditor Protection
Canadian Superior's application to the Court of Queen's Bench of Alberta for an Order under the Companies' Creditors Arrangement Act was successful.
7:00 PM EST | March 05, 2009
Canadian Superior Applies for Creditor Protection
Canadian Superior has filed an application with the Court of Queen's Bench of Alberta for an order allowing the Company to prepare a plan of arrangement for its creditors, and staying all claims and actions against the Company and its assets.
7:00 PM EST | March 04, 2009
Canadian Superior Confirms Endeavour Well as Natural Gas Discovery
Flow testing of the Endeavour well offshore Trinidad on the Intrepid Block commenced on March 1
7:00 PM EST | March 02, 2009
Canadian Superior Updates on Demand Extension
Canadian Superior reached an accommodation whereby the demand for repayment of all amounts outstanding under Canadian Superior's $37.5 million credit facility by February 27, 2009 has been extended to March 12, 2009.
7:00 PM EST | March 01, 2009
Bank Extends Canadian Superior's Repayment Date
Canadian Superior and the Canadian Western Bank have reached an accommodation whereby the demand for repayment of all amounts outstanding under Canadian Superior's $37.5 million credit facility has been extended.
7:00 PM EST | February 22, 2009
Canadian Superior Choses Advisor for Trinidadian Asset Sale
Scotia Waterous will immediately commence to act as advisor to Canadian Superior for the sale of a 25% or larger interest in its Intrepid Block offshore Trinidad.
7:00 PM EST | February 19, 2009
Canadian Superior Appoints Interim Receiver for Trinidadian Block Interest
Canadian Superior has appointed an interim Receiver of its participating interest in the Interpid Block, located offshore Trinidad.
7:00 PM EST | February 11, 2009
Canadian Superior to Monetize Interest in Trinidadian Block, Discoveries
Canadian Superior proposes to monetize a 25% or larger interest in its "Intrepid" Block, offshore Trinidad and Tobago, and its related discoveries, subject to acceptable terms and conditions, and subject to all required approvals.
7:00 PM EST | February 09, 2009
Challenger Appoints Evaluation Committee, Endeavour Ops Nearing Completion
Challenger has appointed a special committee of directors with a mandate to undertake a process to evaluate the various strategic alternatives available to the Company.
7:00 PM EST | February 05, 2009
Canadian Superior Prepares Endeavour Well Flow Test Offshore Trinidad
Canadian Superior Energy and its partners are preparing to conduct a flow test on the Endeavour well, offshore Trinidad, on the Intrepid Block.
7:00 PM EST | January 22, 2009
Canadian Superior, Partners Hit Main Target at Trinidad's Endeavour Well
Canadian Superior and its partners will redrill the final section of the Endeavour well with a mechanical sidetrack.
7:00 PM EST | December 28, 2008
Kan Tan IV Suspends Drilling, Undergoes Repair Offshore Trinidad
Canadian Superior and its partners have temporarily ceased drilling at the Endeavour well offshore Trinidad while part of the Kan Tan IV's drilling equipment undergoes mechanical repair.
7:00 PM EST | December 07, 2008
Canadian Superior Closes Over Subscribed Equity Financing of $16MM
Canadian Superior successfully closed an over subscribed equity financing by way of private placement on Friday, Dec. 5.
7:00 PM EST | December 07, 2008
Coolen Named CEO of Canadian Superior
Canadian Superior has named M. E. (Mike) Coolen as Chief Executive Officer of Canadian Superior.
7:00 PM EST | December 03, 2008
Canadian Superior Announces $10MM Flow-Through Financing
Canadian Superior has entered into an agreement to issue by way of a private placement 3,225,807 flow-through shares in Canada on a firm "bought deal" basis for gross proceeds of $5 million.
7:00 PM EST | November 20, 2008
Canadian Superior Increases Financing to $16MM
Canadian Superior has agreed to increase the size of the option under its previously announced financing issued today to increase the size of the total offering from $10,000,000 to $16,000,000.
7:00 PM EST | November 20, 2008
Canadian Superior Stays Strong through Quarter
Canadian Superior reported that for the nine months ended September 30, 2008, petroleum and natural gas revenues were $61.3 million or $63.57/boe, up 76%, compared to $34.8 million or $46.64/boe for the comparable period in 2007.
7:00 PM EST | November 16, 2008
Offshore Trinidad Well Drilling Ahead to Total Depth
The Endeavour well, located offshore Trinidad, has been successfully run and cemented in place and drilling is about to commence in the final hole section in the well.
8:00 PM EST | October 28, 2008
Canadian Superior Cases Endeavour Well Offshore Trinidad
Canadian Superior Energy has completed the drilling, logging, casing and cementing for the Endeavor well to a depth of 9,858 feet subsea and has drilled the next section of the well.
8:00 PM EST | October 13, 2008
Canadian Superior 'Confident' at Endeavour Offshore Trinidad
Canadian Superior Energy Inc. announced that it has successfully drilled the next section of the "Endeavour" well, the 22" hole section, to a depth of 4,739 feet subsea.
8:00 PM EST | September 16, 2008
Canadian Superior 'Optimistic' at Trinidad's Endeavour Well
Canadian Superior reported good drilling progress at its Endeavour well offshore Trinidad. The Company has successfully drilled the 26" hole section of the well and has run and cemented in place the 20" casing string to a depth of 3,030 feet subsea.
8:00 PM EST | September 07, 2008
Canadian Superior Closes Private Placement for $35MM
Canadian Superior announced that it successfully closed its previously announced non-brokered private placement, of 8,750,000 units for total gross proceeds of US $35,000,000.
8:00 PM EST | September 03, 2008
Canadian Superior Inks Deal for Tunisia, Libya Offshore Concession
Canadian Superior announced what it calls its Oasis Project, referring to the Company's entry into North Africa. Oasis commenced with the formal signing ceremonies for the offshore "7th of November Block" EPSA conducted August 27, 2008 in Tunisia.
8:00 PM EST | September 02, 2008
Canadian Superior Spuds Endeavour Well Offshore Trinidad
Canadian Superior, as Operator of the Intrepid Block 5(c), announced that on August 28, 2008, it successfully spudded the Endeavour well with the Kan Tan IV semisubmersible drilling rig.
8:00 PM EST | September 01, 2008
Canadian Superior Enters Agreement for $35MM Private Placement
Canadian Superior entered into an agreement for a non-brokered private placement offering in the amount of US $35,000,000. Proceeds of the offering will be used to fund Canadian Superior's exploration spending and new business development activities.
8:00 PM EST | August 25, 2008
Canadian Superior's Revenues Up 108% from 2007
Canadian Superior announced its financial and operating results for the three months and six months ended June 30, 2008. Record petroleum and natural gas revenues of $24.8 million was achieved in Q2 2008, up 108% compared to Q2 2007.
8:00 PM EST | August 14, 2008
Canadian Superior Discovers Gas at Bounty Well Offshore Trinidad
Canadian Superior made a significant natural gas discovery with the drilling and production testing of its Bounty exploration well offshore Trinidad.
8:00 PM EST | August 12, 2008