Canadian Superior’s “Endeavour” Well Offshore Trinidad Poised to Reach Total Depth

Canadian Superior’s “Endeavour” Well Offshore Trinidad Poised to Reach Total Depth

October 29, 2008 Filed Under: Oil and Gas  

Canadian Superior Energy Inc. announced that Canadian Superior, along with its partners, BG International Limited, a wholly owned subsidiary of the BG Group plc and Challenger Energy Corp. , have successfully run and cemented in place the 9-7/8″ intermediate casing string in the “Endeavour” well, to a depth of approximately 14,492 feet subsea, and that drilling is about to commence in the final hole section in the well.

The “Endeavour” well was spudded on August 28, 2008 and is expected to reach its final total depth (”TD”) of approximately 18,000 feet in November. The “Endeavour” well is the 3rd well, in an initial 3 well program, being drilled by Canadian Superior and its partners on the “Intrepid” Block, Block 5(c), located approximately 60 miles offshore, off the east coast of Trinidad. “Endeavour” is being drilled on a separate prospect determined from the analysis and evaluation of extensive 3D seismic on the “Intrepid” Block 5(c). Earlier this year, Canadian Superior announced two separate natural gas discoveries on Block 5(c); in the “Victory” well, announced on January 14, 2008; and, in the “Bounty” well, announced on August 13, 2008.

Speaking today, Greg Noval, Canadian Superior’s Chairman, said, “I am pleased to report that, in just over 2 months from spud, we are now within striking distance of final TD on ‘Endeavour’; and, will shortly commence drilling the final section of this well, the 8-1/2″ hole section, roughly 3,600 feet from here to final TD. The primary objective of ‘Endeavour’ is to prove up a possible multi – TCF reservoir. Our 3D seismic based geological prognosis for the ‘Endeavour’ well shows the main target zone to be between our current drilled depth and our final TD, which we expect to reach before the end of November.”

The “Endeavour” well is being drilled by the Kan Tan IV semi-submersible drilling rig in about 1,000 feet of water, which also drilled the “Victory” and “Bounty” natural gas discovery wells on this block.

Daily Updates of drilling progress at “Endeavour” can be viewed on Canadian Superior’s website

Canadian Superior Energy Inc. is a Calgary, Alberta, Canada based diversified global energy company engaged in the exploration and production of oil and natural gas, and LNG projects, with operations offshore Trinidad and Tobago, offshore Nova Scotia, Canada, in Western Canada, in the United States and in North Africa. See Canadian Superior’s website at to review Canadian Superior’s operations in Western Canada, offshore Trinidad and Tobago, Offshore Nova Scotia interests, in the USA and its North Africa interests. Canadian Superior has approximately 20,000 shareholders worldwide, including some of the top institutional shareholders in North America.

Canadian Superior is paying 26-2/3% of the Block 5(c) exploration program cost to maintain a 45% working interest in Block 5(c), with its partners, BG International Limited, a wholly owned subsidiary of the BG Group plc, paying 40% for a 30% working interest and Challenger Energy Corp. paying 33-1/3% for a 25% working interest through Canadian Superior.

BG Group plc (LSE:BGL.L ) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with an excellent track record in finding and commercialising reserves. See for information on BG Group plc.

Challenger Energy Corp. is a Calgary, Alberta, Canada based oil and gas exploration company which is currently focusing on “high impact” oil and gas plays offshore Trinidad and Tobago. See for information on Challenger.

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