Canadian Superior Kicks Off Wellsite Survey Activities

Canadian Superior Energy says that work is underway preparing for the drilling of its next "Mariner" Project exploration well offshore Nova Scotia. Fugro Jacques GeoSurvey's Inc. of Dartmouth, Nova Scotia, using the geophysical survey vessel, the M/V Anticosti, have been contracted to conduct wellsite survey field work on the "Mariner" block at additional "Mariner" Project drilling locations. The wellsite survey work is scheduled for mid-August pending obtaining a Geophysical/Geological Work Authorization approval for the program from the Canada-Nova Scotia Offshore Petroleum Board.

Canadian Superior's Vice President, East Coast Operations, Mike Coolen, said in Halifax today, "The planned wellsite survey work is being undertaken in accordance with CNSOPB regulations, guidelines and good standard industry practice. Completion of this survey work is one of several ongoing engineering and procurement activities which have been initiated to progress the drilling of our next 'Mariner' Project exploration well. We anticipate completing this offshore wellsite survey work in August."

The next "Mariner" Project well will be the second well drilled on Exploration License EL 2409 acquired by Canadian Superior in November 2001 for a work expenditure bid of Cdn. $15.5 million. The "Mariner" block (EL 2409), on which three large prospects have been identified based on seismic interpretation, encompasses a total area of 101,800 acres and directly offsets five significant discoveries near Sable Island including the ExxonMobil Venture natural gas field.

Speaking in Calgary, Harvey Klingensmith, Canadian Superior's Chief Operating Officer said, "In addition to preparing for this wellsite survey work, Canadian Superior is also in the process of evaluating jack-up drilling rig availability and capabilities. Expression of Interest submissions required for the drilling of the next "Mariner" well are due from prospective Drilling Contractors on July 5, 2004."