Globe and Mail (rob) mentions SNG...Tues April 04/06 edition:
BUSINESS TICKER: NORTH AMERICA RESOURCES: OIL AND GAS
Canadian Superior records 200-per-cent profit gain
Canadian Superior Energy Inc. has reported a 200-per-cent increase in 2005 profit to $3.1-million on a 41-per-cent rise in revenue to $54.5-million. Canadian Superior, active off Nova Scotia and preparing to drill two wells off Trinidad and Tobago, said yesterday it ended 2005 with production of 3,470 barrels of oil equivalent per day, up 27 per cent from the start of the year. Fourth-quarter profit was $1.4-million or 1 cent a share, up from $300,000 or nil in the year-earlier period. Quarterly revenue was $18.6-million, up 68 per cent from $11-million, due to higher prices and volumes. The year's profit was worth 3 cents a share, compared with a 2004 loss of $3-million or 3 cents on revenue of $38.7-million. SNG (TSX) rose 3 cents to $2.75. CP