2009-08-11-2008-01-01-2008-01-01

Withdrew offer to purchase.

Calgary-based Canadian Superior Energy Inc. (Toronto: SNG) has withdrawn its offer to acquire Berkana Energy Corp., Calgary, (Toronto: BEC) for C$155 million in cash. Canadian Superior offered C$2.16 per share. The offer was made to Murphy Oil Corp., El Dorado, Ark., (NYSE: MUR) and Murphy Oil Co., which own 80% of Berkana, and to minority shareholders. Assets include production of 3,000 barrels of oil equivalent per day in western Canada in the Rimbey, Kaybob and Red Earth areas, and C$20 million annual cash flow. Murphy recently retained RBC Dominion Securities of Canada to sell its interest in Berkana. Canadian Superior has operations in western Canada, offshore Nova Scotia and offshore Trinidad and Tobago.