Canadian Superior surges on natural gas discovery
Reports about massive natural gas discovery in Trinidad’s east coast boosted the share price of Calgary-based Canadian Superior Energy.
Mike Coolen, president and chief operating officer for Canadian Superior, said:
The company is pleased but not entirely surprised to find a fast-flowing well. The neighbouring Dolphin Deep, half owned by BG International Ltd., has two wells which produce at approximately 150 mmcf/d and BP Trinidad has a set of three wells off its Cannonball platform, which together produce up to 700 mmcf/d at times.
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Thu, Aug 14, 2008
Post by Melissa Pistilli, Gas Senior Reporter