Scott + Scott, LLC Announces Securities Class Action Lawsuit Against Canadian Superior Lawsuit Filed At Request Of Shareholders After Independent Investigation COLCHESTER, Conn., March 18 /PRNewswire/ -- Scott + Scott, LLC, (http://www.scott-scott.com/) a Connecticut law firm with offices in Ohio and California, announced today that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of people who purchased the shares of Canadian Superior Energy Inc. ; TSE: SNG.TO) ("Canadian Superior" or the "Company") during the period between November 17, 2003 and March 11, 2004, inclusive (the "Class Period"). If you would like additional information regarding this lawsuit, please contact Scott + Scott attorney Neil Rothstein (nrothstein@scott-scott.com ) at 800/404-7770 or 860/537-3818 (EST) or 800/332-2259 or 619/233-4565 (PST). The complaint alleges that Defendants Canadian Superior, Greg Noval, and Michael Coolen violated the United States securities laws (specifically, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b- 5) by issuing a number of materially false and misleading statements. The statements that were made that are alleged to be false and misleading include that some of the Company's oil/gas well operations located in Nova Scotia, Canada (the "Mariner I-85 well") were performing better than they actually were and that sound financing for oil/gas exploration was accurately reflected in public statements. The complaint alleges that these positive statements, when made, failed to disclose that Defendants knew that the Mariner I-85 well was not going to be able to produce commercial amounts of oil/gas. Further, these positive, public statements, coupled with the under-funded budget for testing and drilling at the Mariner I-85-funding that was proclaimed sufficient in public statements-resulted in artificially inflated prices of the common stock. These statements were materially false and misleading when made and designed to inflate the value of the Company's stock. On March 11, 2004, the Company announced that it had halted operations at the Mariner I-85 well and that it would not continue these operations. The market reacted strongly to this news and Canadian Superior shares plunged 44.44%, or $1.44 per share, to close at $1.80 per share on March 11, 2004. If you bought Canadian Superior publicly traded securities between November 17, 2003 and March 11, 2004, inclusive, and sustained damages, you may, no later than May 14, 2004, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class as a whole. Under certain circumstances, one or more class members may together serve as lead plaintiff. Any member of the purported class may move the Court to serve as lead plaintiff. Signing a certification and retaining Scott + Scott does not automatically make you a lead plaintiff. Scott + Scott, LLC, a Connecticut-based law firm with offices in Ohio and California, is a law firm with a national practice and reputation. Scott + Scott has dedicated itself to client communication and satisfaction. The firm is currently litigating major securities, antitrust and employee retirement plan cases throughout the United States and represents pension funds, charities, foundations, individuals and other entities worldwide -- in both class and non-class cases. If you wish to discuss this action with an attorney or have any questions concerning this notice or your rights, please contact attorney Neil Rothstein at or by calling 1-800-332-2259. Scott + Scott, LLC is located at 108 Norwich Avenue, Colchester, CT 06415; phone: 860/537- 3818; fax: 860/537-4432. This release is issued in accordance with the applicable federal law of the United States. DATASOURCE: Scott + Scott, LLC CONTACT: Neil Rothstein of Scott + Scott, LLC, +1-860-537-3818,

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