Canadian Superior Energy Inc. announced today that its "Victory" well is currently drilling on the "Intrepid" Block 5(c) offshore Trinidad at a depth of 12,285 feet subsea.

The "Victory" well had previously reached a total depth 16,621 feet (subsea), and was evaluated while drilling with Measurement While Drilling (MWD) and Logging While Drilling (LWD) data (gamma, electrical resistivity, cutting samples, gas in mud measurements, drilling parameters). However, while attempting to come out of the hole to commence wireline logging and possibly flow testing of the well, difficulties were encountered which resulted in being unable to remove the full drillstring from the well. Accordingly, the drillstring was severed at a depth of approximately 11,726 feet and the well plugged back to a depth of approximately 9,594 feet, as announced on September 11, 2007.

The lower portion of the well is being re-drilled to a projected total depth of approximately 16,000 feet and is being directionally drilled approximately 400 feet from the original wellbore to attempt to ensure the new wellbore is not affected by drilling muds and fluids lost from the original wellbore. Upon reaching total depth, open hole wireline logging and other tests of the wellbore will be completed.

The "Victory" well was spudded the well on June 29th and due to operational delays beyond the control of Canadian Superior and its partners, wireline logging operations related to the well are now expected to be completed by October 15, 2007.