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To: Marshall001 who wrote (110785)	3/11/2004 2:54:14 PM
From: Connor26	Respond to of 208838

thanks M

To: Marshall001 who wrote (110785)	3/11/2004 2:59:06 PM
From: Marshall001	Read Replies (1) \| Respond to of 208838

SNG Sometimes it pays to read a little further.... It looks like they have run the logs and decided not to continue the test well however, read deeper into the PR and you will finf that they basically already found what they were expecting to find and ceased testing to simply stay on budget. This could be an easy bounce with a follow up PR to clarify. I am going to dip my toes in here with a 1/4 position. Alberta announced today that the Canadian Superior El Paso "Mariner" I-85 well encountered gas pay in multiple zones as targeted. The high bottom hole pressures, experienced in offset discovery wells, were encountered at the depths anticipated. The magnitude of the overpressure was quantified while drilling, based on measured gas levels in the drilling fluid, and subsequently confirmed during the well evaluation with Modular Dynamic Test (MDT) pressure measurements. Gas levels measured while drilling support the presence of gas bearing reservoir sections, subsequently confirmed by the full suite of electric wireline logs now completed and evaluated. In Calgary today, Gerold Fong, Canadian Superior's Exploration Manager commenting on the results from the drilling and well evaluation program, said, "The 'Mariner' I-85 test well has encountered gas pay in multiple zones. This was substantiated through drill cuttings and drilling fluid analyses while drilling through the prospective reservoir zones, and further through detailed analyses of the full suite of electric wireline logs, Modular Dynamic Tests (MDT's) and side wall cores obtained in the well evaluation program. The 'Mariner' I-85 test well is greater than 100 meters (328 feet) structurally higher than the downdip gas well on the 'Arcadia' Significant Discovery Licence (SDL) located 13 kilometers (8 miles) to the east of 'Mariner' I-85. The reservoir section encountered in 'Mariner' I-85 test well correlates to the zones that tested gas in the 'Arcadia' J-16 well. The 'Mariner' I-85 data has now established gas pay in multiple zones which we look forward to pursuing."