Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Marshall001 who wrote (111213)	3/17/2004 12:52:21 PM
From: Connor26	Read Replies (4) \| Respond to of 208838

SNG bounce do to news HALIFAX, Nova Scotia--(BUSINESS WIRE)--March 17, 2004--Canadian Superior Energy Inc. ("Canadian Superior") - (AMEX:SNG - News; TSX:SNG - News) has been made aware of announcements by a number of United States law firms indicating that they plan to commence a class action lawsuit against Canadian Superior and a number of its senior officers with respect to events surrounding the Company's "Mariner" I-85 offshore Nova Scotia well. Canadian Superior views these allegations to be groundless, frivolous and a misuse of the United States legal system. Canadian Superior intends to vigorously and aggressively deal with this matter in court. It is Canadian Superior's opinion that these actions amount to jockeying by various United States legal counsel to determine who, if any, will represent a plaintiff, if one exists, against Canadian Superior. Canadian Superior views these actions as regrettable and detrimental to its shareholders and accordingly these actions will be aggressively dealt with in court. Canadian Superior is a Calgary, Alberta based oil and gas exploration and production company with operations in western Canada, offshore Nova Scotia and offshore Trinidad. The Company is one of the largest acreage holders offshore Nova Scotia, with interests in 1,293,946 acres offshore Nova Scotia (See: Canadian Superior's website at www.cansup.com to review Canadian Superior's "Marquis, Mariner, Mayflower, Marauder and Marconi Offshore Projects" and to view the "Table of Major Offshore Nova Scotia Acreage Holders" and "Offshore Nova Scotia Maps", to review information on the Company's Western Canadian operations and for information and detailed maps regarding Canadian Superior's new Trinidad "Tradewinds" Offshore Project).