OilVoice - Canadian Superior Announces Logging of Zone of Interest in "Bounty" Well Offshore Trinidad

Canadian Superior Announces Logging of Zone of Interest in "Bounty" Well Offshore Trinidad

27 June 2008

Canadian Superior Energy Inc., as Operator, along with its partners BG International Limited ("BG"), a wholly owned subsidiary of the BG Group plc, and Challenger Energy Corp., announced today the wireline logging of the "Bounty" well on the "Intrepid" Block 5(c) at an interim total depth based on a zone of interest indicated by the logging-while-drilling tool and mud logs. Craig McKenzie, Canadian Superior's Chief Executive Officer, said, "The wireline logging operations are still underway, but already wireline logging has shown approximately 200 feet of pay in a developed sand interval that the logs indicate is hydrocarbon bearing. Following the completion of current wireline logging activities, drilling will resume targeting further objectives in the well; flow testing of the zone logged to date is planned thereafter once the well reaches its total depth.

The "Bounty" well was spudded on February 20, 2008 on a separate prospect from the "Victory" well natural gas discovery announced on January 14, 2008, located approximately 2.2 miles away, and is being drilled by the KanTan IV semi-submersible rig as the second well in a three-well programme. The "Endeavour" well will be spud in August as the third well in the series.

Craig McKenzie, went on further to say, "We are very pleased with what we see on the logs that indicate encouraging hydrocarbons prior to fully penetrating all objectives in the well, and we are excited about drilling to our projected TD of approximately 18,000 feet subsea."