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To: Connor26 who wrote (110822)	3/11/2004 4:58:33 PM
From: Connor26	Read Replies (1) \| Respond to of 208838

big change from what was released in January .. Speaking in Calgary, Greg Noval, President of Canadian Superior, commented, "The 'Mariner' well is proceeding at a record pace and we are all quite encouraged by the indications to date and cautiously optimistic as we approach the prospective intervals we anticipate in the next section of the well, where we anticipate seeing a series of deltaic gas bearing sediments in the Upper, Middle and lowermost Mic Mac formations. In anticipation, the testing contract for the Canadian Superior El Paso 'Mariner' I-85 has been awarded to Schlumberger Oilfield Services and the test equipment is currently being pressure tested and certified." Three large "world-class" prospects, with potential reserves of 2.5 tcf of natural gas, have been identified for drilling on the "Mariner" block (EL 2409) utilizing high-resolution seismic. The block encompasses a total area of 101,800 acres and directly offsets five significant discoveries near Sable Island including the 1.6 tcf Venture natural gas field. The "Mariner" well is a High Temperature High Pressure (HTHP) well, drilling to a total depth of approximately 5,600 meters (18,370 feet), utilizing the latest in drilling technology and is evaluating one of the three large structures mentioned above, initially targeting 1.2 tcf of natural gas reserves identified on the first structure which has a potential present value - P.V. 10% of Cdn. $1.8 billion.