Canadian Superior Energy Inc. Kicks Off High Impact 2002 to 2003 Exploration Program.Business & Energy Editors CALGARY, Alberta--(BUSINESS WIRE)--Sept. 25, 2002 Canadian Superior Energy Inc. ("Canadian Superior")(AMEX AMEX See: American Stock Exchange :SNG SNG abbr. 1. substitute natural gas 2. synthetic natural gas )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SNG.TO) of Calgary, Alberta announced today that it has kicked off a major drilling program targeting natural gas in several newly established areas of northwest and west central Alberta Central Alberta (also named Alberta's Heartland) is a region located in the Canadian province of Alberta. Central Alberta is the most densely populated rural area in the province. Agriculture and energy make up an important part of the economy. and northeast British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Company President, Greg Noval, said in Calgary today, "Canadian Superior has launched an exciting new multi-well natural gas drilling program targeting the development of recently acquired acreage in northwest and west central Alberta and northeast British Columbia. Drilling will commence later this week on a multi-well program which entails the drilling of approximately 25 high working interest Company operated wells (average working interest 90%) in several newly established high impact areas, including the Ladyfern, Chinchaga and Pine Creek Pine Creek may refer to:
"The new drilling program is targeting reserve based accumulations of Cretaceous, Jurassic and Devonian natural gas and it is geared toward providing the Company with substantial new production volumes at attractive prices, given the recent significant drop in rig utilization and oil field service cost in Western Canada
Western Canada, commonly referred to as the West ," Noval said. The multi-well drilling program is part of a focused exploration and development program Canadian Superior is conducting in Western Canada alongside the Company's strategy of developing its "world class" holdings offshore Nova Scotia. Canadian Superior is a Calgary, Alberta based oil and gas exploration and production company. The Company is also one of the largest acreage holders offshore Nova Scotia (See: Canadian Superior's website at www.cansup.com to review Canadian Superior's new 2002 Corporate Presentation and Detailed Maps of Canadian Superior's High Impact 2002 to 2003 Exploration Program. Also: See Canadian Superior's website at www.cansup.com to review Canadian Superior's "Marquis, Mariner and Mayflower Mayflower, ship Mayflower, ship that in 1620 brought the Pilgrims from England to New England. She set out from Southampton in company with the Speedwell, Offshore Nova Scotia Projects" and to review the "Table of Major Offshore Nova Scotia Acreage Holders" and detailed "Offshore Nova Scotia Maps." Certain information regarding the above mentioned may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results or estimates to differ materially from those anticipated or implied in the forward-looking statements. Actual 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. |
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