Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Canadian Superior Energy, Inc.

Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Canadian Superior
Energy, Inc. 


HARTFORD, Conn., March 30  /PRNewswire/ -- The law firm of Schatz & Nobel, P.C.,
which has significant experience representing investors in prosecuting claims of
securities fraud, announces that a lawsuit seeking class action status has been
filed in the United States District Court for the Southern District of New York
on behalf of all persons who purchased the publicly traded securities of
Canadian SuperiorEnergy (Amex: SNG; TSX: SNG) ("Canadian Superior") from
November 17, 2003 through March 10, 2004 inclusive (the "Class Period").

The Complaint alleges that defendants issued materially false statements about
an offshore well known as the Mariner I-85 in Nova Scotia, Canada. Specifically,
defendants failed to disclose that the Mariner I-85 well did not contain the
substantial gas reservoir required to support a commercial project and that the
costs of testing and drilling at the well were significantly exceeding the
budget.  As a result of the foregoing, positive announcements concerning the
Mariner I-85 well were lacking in a reasonable basis when made.

On March 11, 2004 Canadian Superior announced that it had halted operations at
the Mariner I-85 well due to budget constraints.  On this news, shares of
Canadian Superior plummeted 44.44%.

If you are a member of the class, you may, no later than May 14, 2004 request
that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is
a class member that acts on behalf of other class members in directing the
litigation.  Although your ability to share in any recovery is not affected by
the decision whether or not to seek appointment as a lead plaintiff, lead
plaintiffs make important decisions which could affect the overall recovery for
class members, including decisions concerning settlement.

The securities laws require the Court to consider the class member(s) with the
largest financial interest as presumptively the most adequate lead plaintiff(s).
Therefore, if you believe that you have a large loss, you may wish to seek to be
a lead plaintiff.

For more information about the case, its claims, and your rights, please contact
Schatz & Nobel toll-free at [phone], or by e-mail at .  To view a copy of
the lawsuit initiating the class action, or for more information about class
action cases and Schatz & Nobel, please visit our website:
http://www.snlaw.net/.

CONTACT:   Nancy A. Kulesa

Tel.: [phone] 

DATASOURCE:Schatz & Nobel, P.C.



CONTACT:  Nancy A. Kulesa of Schatz & Nobel, [phone],





Web site:  http://www.snlaw.net/

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