June 22, 2009 – News Today

Canadian Superior Energy To Acquire Challenger Energy In C$77.8 Mln Stock Deal

Diversified global energy company Canadian Superior Energy Inc. (SNG: News ,SNG.TO: News ), and Challenger Energy Corp. (CHQ.V: News ), announced that they have entered into an arrangement to acquire Challenger for C$77.8 million, including net debt, in an all stock deal.