Canadian Superior Energy finds gas off Trinidad

Canadian Superior Energy and partner BG International have made a natural gas discovery on Intrepid block 5(c) off the east coast of Trinidad.

Offshore staff

ALBERTA, Canada -- Canadian Superior Energy and partner BG International have made a natural gas discovery on Intrepid block 5(c) off the east coast of Trinidad.

"We are pleased to announce the discovery of natural gas on our first well offshore Trinidad," says Greg Noval, Canadian Superior's chairman. "We have just finished the successful flow testing of the first zone to be completed on our Victory well, which is part of an initial three-well exploration program offshore Trinidad on our Intrepid block 5(c). We are encouraged by the initial test results in the first zone and will be moving up hole in the well to test at least one further horizon."

"The Victory well has an estimated flowing rate of over 100 MMcf/d of natural gas and is condensate rich," says Craig McKenzie, Canadian Superior's CEO. "We have just completed the extended flow testing of the first zone to be tested in the well which was flowed on a restricted flow basis with high pressures and flowed with measured flow rates averaging between 40 and 45 MMcf/d of natural gas.

01/14/2008

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