We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Canadian Superior Energy, | AMEX:SNG | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
For the month of,
|
June
|
2010
|
|
Commission File Number
|
001-31395
|
||
Canadian Superior Energy Inc.
|
|||
(Translation of registrant’s name into English)
|
|||
Suite 3200, 500 - 4th Avenue SW, Calgary, Alberta, Canada T2P 2V6
|
|||
(Address of principal executive offices)
|
Form 20-F
|
Form 40-F
|
X
|
Yes
|
No
|
X
|
Document
|
Description
|
1.
|
News release, dated June 3, 2010.
|
For Immediate Release
|
June 3, 2010
|
|
·
|
After declining to a Q1 average of 2,779 boe/d, Company production increased to 3,127 boe/d for the week ending May 19, under-pinned by a significant oil and gas discovery in the Eaglesham Wabamun trend, which came online in May producing 2.4 mmcf/d and 100 bbls/d.
|
|
·
|
Highlighting management’s expectation that production growth will continue in Q3, in early May the Company began completion and/or tie-in operations on 23 previously-suspended wells, including a new well at Westerose testing from combined Mannville-Glauc-Ellerslie zones at a combined rate exceeding 4 mmcf /d.
|
|
·
|
Particularly encouraging from the winter program is a nearly 25% increase to the Company’s daily liquids production, highlighting the potential management sees for positive near-term growth in Company-wide oil and condensate production.
|
|
·
|
In Tunisia, the Company signed a rig commitment agreement to take operational possession of the ENSCO 105 jack-up rig during the fourth quarter of 2010 for drilling the Zarat 1-North appraisal well on the 7
th
of November Block.
|
|
·
|
In Trinidad, the Company began evaluation of 7 new offshore lease blocks that will be offered for bid in August.
|
|
·
|
The Liberty LNG regassification project is on budget and moving forward with submission of a construction permit planned for late August of this year. The Company continues to pursue possible joint ventures related to this project.
|
|
·
|
Development of high value, low-risk/low-finding and development costs behind-pipe and infill reserves to increase cash flow in support of our Canada and international growth programs, and to increase the value of proved and probable reserves (gas-oriented). Management has identified approximately 60 locations that will be targeted in 2010 and during the first half of 2011, with potential for adding 1,600 boe/d in new production.
|
|
·
|
Growth in liquids production through re-development of existing oil pools, with a focus on the Mannville “I” pool at Drumheller. Included in this program are plans for re-stimulating low-rate or suspended wells, infill drilling using horizontal wells and multi-stage frac technology, and initiation of a waterflood program.
|
|
·
|
Growth in liquids production through exploration for and exploitation of oil resource plays on existing lands. Included in this program are “proof-of-concept” re-entry’s of suspended wells owned by the Company, followed by infill and step-out drilling where successful.
|
|
·
|
Drilling of the Zarat 1-North appraisal well (offshore Tunisia) in late Q4, with potential for significant value and reserve additions given success.
|
|
·
|
Participation in development plans for our offshore Trinidad assets as commissioned by our Operator partner for the block.
|
|
·
|
Submission of construction permits by Liberty Natural Gas with respect to the Liberty LNG regassification project expected by late August, 2010.
|
CANADIAN SUPERIOR ENERGY INC.
|
||||||
(Registrant)
|
||||||
Date:
|
June 4, 2010
|
By:
|
/s/ Robb Thompson
|
|||
Name:
|
Robb Thompson
|
|||||
Title:
|
Chief Financial Officer
|
1 Year Canadian Superior Chart |
1 Month Canadian Superior Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions