Class Action Lawsuit Filed Against Canadian Superior

On March 15, 2004, the class action lawsuit was filed in the Southern District of New York against Canadian Superior Energy, Inc. (Amex: SNG). The complaint alleges violations of federal securities laws, including allegations of dramatically overstating revenues and concealing Canadian Superior Energy's true prospects. The lawsuit further alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, thereby issuing a series of material misrepresentations to the market. The class period is from November 17, 2003 through March 11, 2004.

Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than sixty (60) days from March 15, 2004, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.