Canadian Superior Takes Hard Stance in Response to Lawsuit

Canadian Superior Energy has been made aware of announcements by a number of United States law firms indicating that they plan to commence a class action lawsuit against Canadian Superior and a number of its senior officers with respect to events surrounding the Company's "Mariner" I-85 offshore Nova Scotia well.

Canadian Superior views these allegations to be groundless, frivolous and a misuse of the United States legal system. Canadian Superior intends to vigorously and aggressively deal with this matter in court.

It is Canadian Superior's opinion that these actions amount to jockeying by various United States legal counsel to determine who, if any, will represent a plaintiff, if one exists, against Canadian Superior. Canadian Superior views these actions as regrettable and detrimental to its shareholders and accordingly these actions will be aggressively dealt with in court.