Superior Canadian Resources Inc.

Superior Canadian Resources Inc.

April 03, 2006 07:30 ET

Superior Canadian Resources Inc.: Koro Energy USA Inc. Gas Well Tie-In to Commence

CALGARY, ALBERTA--(CCNMatthews - April 3, 2006) -

Superior Canadian Resources Inc.'s (TSX VENTURE:CAD) wholly owned United States subsidiary Koro Energy (USA) Inc. has immediate plans to tie-in two (2) shut in gas wells in South Central Montana.

Koro is pleased to announce that it has been informed by the Operator of the two shut in gas wells that they expect that field operations to construct the gathering system to tie in the two wells will commence shortly depending on weather conditions in the area. The gas sales line will then be interconnected into a NorthWestern Energy transmission pipeline.

Jeff Shier, President, of Koro stated, "It is great to be commencing operations on our Montana project". It has been many months coming and with the current price of oil and gas the timing is tremendous for the company to add a new source of revenue.

Koro and its partner Sonalta Resources Inc. have made application for the drilling of two additional shallow gas wells with expectations that the drilling operations will commence in June upon rig availability. Koro's working interest is 25% in each of the new wells to be drilled.

Superior Canadian Resources Inc. is an emerging natural resource exploration company based in Calgary, Alberta. The Company is currently diamond drilling its nickel, copper and PGM mining project at Sim Lake in Northwestern Ontario (as announced March 27, 2006) with program running on schedule. The wholly owned oil and gas subsidiary Koro Energy Inc. (as announced February 06, 2006) is waiting on finalization of the NI 51-101 compliant engineering report so that it can increase its ownership in a further 2,100 acres of land in Central Montana.

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.

Shares issued & outstanding: 16,204,218.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Superior Canadian Resources Inc.
    David Sim
    President and Director
    (403) 232-8555
    Superior Canadian Resources Inc.
    Jeff Shier
    (416) 550-9857