Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Canadian Superior Energy, Inc. HARTFORD, Conn., March 30 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased the publicly traded securities of Canadian SuperiorEnergy (Amex: SNG; TSX: SNG) ("Canadian Superior") from November 17, 2003 through March 10, 2004 inclusive (the "Class Period"). The Complaint alleges that defendants issued materially false statements about an offshore well known as the Mariner I-85 in Nova Scotia, Canada. Specifically, defendants failed to disclose that the Mariner I-85 well did not contain the substantial gas reservoir required to support a commercial project and that the costs of testing and drilling at the well were significantly exceeding the budget. As a result of the foregoing, positive announcements concerning the Mariner I-85 well were lacking in a reasonable basis when made. On March 11, 2004 Canadian Superior announced that it had halted operations at the Mariner I-85 well due to budget constraints. On this news, shares of Canadian Superior plummeted 44.44%. If you are a member of the class, you may, no later than May 14, 2004 request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). Therefore, if you believe that you have a large loss, you may wish to seek to be a lead plaintiff. For more information about the case, its claims, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at . To view a copy of the lawsuit initiating the class action, or for more information about class action cases and Schatz & Nobel, please visit our website: http://www.snlaw.net/. CONTACT: Nancy A. Kulesa Tel.: (800) 797-5499 DATASOURCE:Schatz & Nobel, P.C. CONTACT: Nancy A. Kulesa of Schatz & Nobel, +1-800-797-5499, Web site: http://www.snlaw.net/

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