Scott + Scott, LLC Announces Securities Class Action Lawsuit Against Canadian Superior

Scott + Scott, LLC Announces Securities Class Action Lawsuit Against Canadian
Superior
Lawsuit Filed At Request Of Shareholders After Independent Investigation 


COLCHESTER, Conn., March 18  /PRNewswire/ -- Scott + Scott, LLC,
(http://www.scott-scott.com/) a Connecticut law firm with offices in Ohio and
California, announced today that it has filed a class action lawsuit in the
United States District Court for the Southern District of New York on behalf of
people who purchased the shares of Canadian Superior Energy Inc. ; TSE: SNG.TO)
("Canadian Superior" or the "Company") during the period between November 17,
2003 and March 11, 2004, inclusive (the "Class Period"). If you would like
additional information regarding this lawsuit, please contact Scott + Scott
attorney Neil Rothstein  ([e-mail] ) at 800/404-7770 or
860/537-3818 (EST) or 800/332-2259 or 619/233-4565 (PST).

The complaint alleges that Defendants Canadian Superior, Greg Noval, and Michael
Coolen violated the United States securities laws (specifically, Sections 10(b)
and 20(a) of the Securities Exchange Act of 1934, and Rule 10b- 5) by issuing a
number of materially false and misleading statements.  The statements that were
made that are alleged to be false and misleading include that some of the
Company's oil/gas well operations located in Nova Scotia, Canada (the "Mariner 
I-85 well") were performing better than they actually were and that sound
financing for oil/gas exploration was accurately reflected in public statements.
 The complaint alleges that these positive statements, when made, failed to
disclose that Defendants knew that the Mariner  I-85 well was not going to be
able to produce commercial amounts of oil/gas. Further, these positive, public
statements, coupled with the under-funded budget for testing and drilling at the
Mariner  I-85-funding that was proclaimed sufficient in public
statements-resulted in artificially inflated prices of the common stock.  These
statements were materially false and misleading when made and designed to
inflate the value of the Company's stock.

On March 11, 2004, the Company announced that it had halted operations at the
Mariner  I-85 well and that it would not continue these operations.  The market
reacted strongly to this news and Canadian Superior shares plunged 44.44%, or
$1.44 per share, to close at $1.80 per share on March 11, 2004.

If you bought Canadian Superior publicly traded securities between November 17,
2003 and March 11, 2004, inclusive, and sustained damages, you may, no later
than May 14, 2004, request that the Court appoint you as lead plaintiff.  A lead
plaintiff is a representative party that acts on behalf of other class members
in directing the litigation.  In order to be appointed lead plaintiff, the Court
must determine that the class member's claim is typical of the claims of other
class members, and that the class member will adequately represent the class as
a whole.  Under certain circumstances, one or more class members may together
serve as lead plaintiff.  Any member of the purported class may move the Court
to serve as lead plaintiff.  Signing a certification and retaining Scott + Scott
does not automatically make you a lead plaintiff.

Scott + Scott, LLC, a Connecticut-based law firm with offices in Ohio and
California, is a law firm with a national practice and reputation.  Scott +
Scott has dedicated itself to client communication and satisfaction.  The firm
is currently litigating major securities, antitrust and employee retirement plan
cases throughout the United States and represents pension funds, charities,
foundations, individuals and other entities worldwide -- in both class and
non-class cases.

If you wish to discuss this action with an attorney or have any questions
concerning this notice or your rights, please contact attorney Neil Rothstein at
 or by calling 1-800-332-2259.  Scott + Scott, LLC is located at 108 Norwich
Avenue, Colchester, CT 06415; phone: [phone]; fax: [phone].  This
release is issued in accordance with the applicable federal law of the United
States. 

DATASOURCE: Scott + Scott, LLC



CONTACT:  Neil Rothstein of Scott + Scott, LLC, [phone],

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