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Published on 5/12/2009 in the Prospect News Special Situations Daily.

Canadian Superior Energy investor Steelhead sells 1.5 million shares

By Lisa Kerner

Charlotte, N.C., May 12 - A group of Canadian Superior Energy Inc. investors led by Steelhead Partners, LLC sold 1.5 million shares of the company's stock on April 21 priced at $0.4687 and $0.4691 per share, it was reported in a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.

On April 15, Steelhead sold 1 million Canadian Superior Energy shares for $0.48 per share, a prior SEC filing said.

Steelhead beneficially owns 15,186,315 shares, or 8.8%, of the Calgary, Alta., crude oil and natural gas exploration and production company.


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