OilVoice - NYSE Alternext Lifts Trading Halt in Canadian Superior Energy Shares

NYSE Alternext Lifts Trading Halt in Canadian Superior Energy Shares

Saturday, May 09, 2009

Canadian Superior Energy Inc. confirms that it has been advised by NYSE Alternext US LLC (the "Exchange" or "NYSE Alternext US") that it has reassessed its previous decision to halt trading in the Company's common shares, and that the shares resumed trading on the Exchange effective Wednesday, May 6, 2009. The Exchange stated that its decision to resume trading was based on its review of the Company's previously announced extension of CCAA protection by press release on May 5, 2009, and the filing of the Company's recently announced audited financial statements and related documents.

As previously announced, the Company's application of May 4, 2009 to the Court of Queen's Bench of Alberta for an Order under the Companies' Creditors Arrangement Act (Canada) ("CCAA") to extend its CCAA protection has been granted, allowing the Company to continue to prepare a plan of arrangement for its creditors, and staying all claims and actions against the Company and its assets. The extension under the Order granted will be in effect until June 4, 2009, at which time the matter will be reviewed by the Court.