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Message: Canadian Superior Announces Notice From BG International Limited

Canadian Superior Announces Notice From BG International Limited

posted on Jul 03, 2009 03:16PM
  • Press Release
  • Source: Canadian Superior Energy Inc.
  • On Friday July 3, 2009, 8:23 am EDT

Canadian Superior Energy Inc. ("Canadian Superior" or the "Company") (TSX:SNG - News)(AMEX:SNG - News) announced today that it has received from BG International Limited ("BGI") a notice of election regarding BGI's right of first refusal dated June 30, 2009 in respect of the agreement of purchase and sale dated June 1, 2009 between Canadian Superior and Centrica Resources Limited (the "Centrica Agreement"). Information regarding the Centrica Agreement can be found in the news release of the Company dated June 2, 2009. BGI's right of first refusal with respect to the Company's interest in Block 5(c) arises pursuant to a joint operating agreement among Canadian Superior, BGI and Challenger Energy Corp.

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 liquefied natural gas projects, with operations offshore Trinidad and Tobago, offshore Nova Scotia, Canada, in Western Canada, in the United States and in North Africa. For further information about the Company's operations, visit Canadian Superior's website at www.cansup.com. Canadian Superior has approximately 20,000 shareholders worldwide.

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