Canadian Superior Energy Inc. Announces Departure of COO
May 04 2010 - 6:35PM
Marketwired
Canadian Superior Energy Inc. ("Canadian Superior" or the
"Company") (TSX: SNG) (NYSE Amex: SNG) today announced that Leif
Snethun, Chief Operating Officer, will be leaving the company
effective May 4, 2010.
"On behalf of Canadian Superior's Board of Directors, I would
like to thank Leif for his contributions to the company, and wish
him well for the future," said Marvin Chronister, Chairman of the
Board.
Mr. Snethun was appointed as the Chief Operating Officer on
April 30, 2009. He initially joined the company in February 2008 as
Vice President, Western Canada. Until a replacement is in place,
Mr. Snethun's portfolio will be managed by Mr. Bill Dirks, who has
been retained by Canadian Superior on a consulting basis, with the
support of Canadian Superior's Board of Directors.
Bill Dirks has 29 years of E&P leadership experience, with
an expertise in the North American onshore basins of the US and
Canada. His recent background includes roles as Managing Partner of
Tecton Energy, LLC, a privately-owned E&P company he
co-founded, (2006-2009); President of Samson Canada Ltd.,
(2002-2005), and Vice President of Business Development for Samson
Resources (2001-2002). From 1981-1999 he worked for the Royal Dutch
/ Shell Group of companies in a variety of roles, including
President and Chief Executive Officer of Shell Technology Ventures
Inc., Division Manager of Shell's Onshore U.S. Exploration
Division, District Manager of the Deepwater Gulf of Mexico
Division, and Manager and Budget Coordinator of Shell Oil Co.
E&P Finance.
About Canadian Superior
Canadian Superior Energy Inc. is a Calgary, Alberta, Canada
based diversified global energy company engaged in the exploration
and production of oil and natural gas and in the development of a
liquefied natural gas ("LNG") project. Its operations are located
offshore Trinidad and Tobago, Western Canada, North Africa,
offshore Eastern Canada, and offshore Eastern United States. See
Canadian Superior's website at www.cansup.com to review further
detail on Canadian Superior's operations.
This news release contains forward-looking information,
including the expectation of successful future results. Actual
results could differ materially due to changes in project
schedules, commercial negotiations, changes in energy pricing,
unforeseen technical or the inability to raise additional capital,
therefore there can be no assurance that any of the foregoing
actions by the Company will be completed as contemplated.
Forward-looking information contained in this news release is as of
the date of this news release. The Company assumes no obligation to
update and/or revise this forward-looking information except as
required by law.
Statements contained in this news release relating to future
results, events and expectations are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements involve known and unknown
risks, uncertainties, scheduling, re-scheduling and other factors
which may cause the actual results, performance, estimates,
projections, resource potential and/or reserves, interpretations,
prognoses, schedules or achievements of the Company, or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
statements. Such factors include, among others, those described in
the Company's annual reports on Form 40-F or Form 20-F on file with
the U.S. Securities and Exchange Commission.
Contacts: Canadian Superior Energy Inc. Investor Relations (403)
294-1411 (403) 216-2374 (FAX) www.cansup.com Canadian Superior
Energy Inc. Suite 3200, 500 - 4th Avenue S.W. Calgary, Alberta,
Canada T2P 2V6
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