Canadian Superior Commences Flow Testing on Bounty

Canadian Superior Energy Inc. announced that it has completed the logging and casing of its "Bounty" well offshore Trinidad on its "Intrepid" Block 5(c). Reservoir pressures and/or logs indicate at least one significant targeted natural gas column is present in the well and preparations are now underway to conduct flow tests. The main targeted horizon in the well was encountered at a shallower depth than the original prognosis, with the zone coming in about 1,000 feet higher than originally predicted.

Speaking today, Craig McKenzie, Canadian Superior's Chief Executive Officer, said, "We are very pleased that the well has come in high. The running of the 7" casing is now complete and it has been cemented in place; we will now proceed with the testing program to conduct flow test(s), along with pressure build up test(s). The entire testing program will take approximately 30 days, after which we will finalize operations on the well and then prepare for our rig move to our next well, the 'Endeavour', as we continue our initial three well program on the 'Intrepid' Block 5(c) offshore Trinidad."