Canadian Superior to Begin Winter Drilling Program

Canadian Superior Energy has commenced its Winter 2005 Drilling Program in Western Canada, with wells planned in Northwest Alberta in the East Ladyfern and Windfall areas. Drilling at East Ladyfern (Canadian Superior 100%) should commence during the next few days, as freeze-up occurs in this remote area, and follows-up on a large 3-D seismic program shot last winter. One of two wells planned in the Windfall area has commenced drilling, and will reach total depth in the first week of January, with the other well following shortly thereafter. "These wells have the ability to add significant natural gas production and natural gas reserves to Canadian Superior's Western Canadian operations base and they are very exciting for the Company", said Mel Marshall, Canadian Superior's Vice President of Exploration.

The Company also said today, that in Trinidad it is proceeding ahead, subject to governmental approval, with plans to commence drilling by mid 2005 on its recently awarded Block 5(c) Intrepid Block offshore Trinidad located in the Columbus Basin. Two recent multi-Tcf discoveries have been announced by British Petroleum (BP) and ChevronTexaco near Canadian Superior's holdings. Canadian Superior recently announced it has entered into an arrangement with GlobalSantaFe to provide offshore drilling services for this project. Mr. Marshall said, "This is truly a great opportunity for Canadian Superior in one of the most prolific oil and gas basins in the world and we are very fortunate to be here amongst the majors." Canadian Superior will be the only non-major oil and gas company with operated offshore holdings in the basin, which is dominated by companies like British Petroleum (BP), British Gas (BG), ChevronTexaco, Repsol, Total Fina and others.