Canadian Superior Energy Announces Casing and Flow Testing of "Victory" Well Offshore Trinidad
December 17 2007 - 8:20AM
Marketwired
PORT OF SPAIN, TRINIDAD AND TOBAGO (TSX: SNG)(AMEX: SNG)
announced today, as Operator of the "Victory" well offshore
Trinidad, that Canadian Superior and its partners, BG International
Limited ("BG"), a wholly owned subsidiary of the BG Group plc (LSE:
BG.L) and Challenger Energy Corp. ("Challenger") (TSX VENTURE:
CHQ)(AMEX: CHQ) have unanimously agreed to case and conduct flow
tests on the 16,150 foot "Victory" well located approximately 60
miles off the east coast of the island of Trinidad.
Speaking today, Craig McKenzie, Canadian Superior's Chief
Executive Officer, said, "We are pleased to move forward with our
partners to conduct flow tests on the 'Victory' well. We have
completed the wireline logging and are now proceeding with casing
the final section of the well. The testing operation will take
approximately 30 days, after which we will then commence operations
on our next well, the 'Bounty', as we continue our initial three
well programme on the 'Intrepid' Block 5(c) offshore Trinidad."
Canadian Superior is a Calgary, Alberta, Canada based oil and
gas exploration and production company with operations offshore
Trinidad and Tobago, offshore Nova Scotia, Canada and in Western
Canada. See Canadian Superior's website at www.cansup.com to review
the company and its operations. Canadian Superior has approximately
20,000 shareholders worldwide, including top institutional
shareholders in North America.
BG Group plc is a global natural gas business. Active on five
continents in over 25 countries, it operates four business segments
- Exploration and Production, LNG, Transmission and Distribution
and Power. (See www.bg-group.com for information on BG Group
plc).
Challenger Energy Corp. is a Calgary, Alberta, Canada based oil
and gas exploration company which is currently focusing on "high
impact" oil and gas plays offshore Trinidad and Tobago and offshore
Nova Scotia. (See Challenger's website at www.chaenergy.ca).
This news release contains forward-looking information,
including estimates, projections, interpretations, prognoses and
other information that may or relates to future production, project
start-ups and future capital spending. Actual results, estimates,
projections, interpretations, prognoses and/or estimated results
could differ materially due to changes in project schedules,
operating performance, demand for oil and gas, commercial
negotiations or other technical and economic factors or revisions.
This news release may contain the reference to the term
"undiscovered natural gas resources", which are those quantities of
natural gas estimated to be contained in accumulations yet to be
discovered. There is no certainty that any portion of the
undiscovered resources will be discovered and that, if discovered,
it may not be economically viable or technically feasible to
produce.
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, interpretations, prognoses, schedules or achievements
of the Corporation, 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 Corporations' 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) Website: www.cansup.com Canadian
Superior Energy Inc. Suite 2700, 605 - 5th Avenue S.W. Calgary,
Alberta Canada T2P 3H5
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