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Published on 6/23/2008 in the Prospect News Distressed Debt Daily.

Superior Offshore reports $2.81 million May net loss

By Caroline Salls

Pittsburgh, June 23 - Superior Offshore International, Inc. reported a $2.81 million net loss for May on $560,513 in revenues, according to its monthly operating report filed Sunday with the U.S. Bankruptcy Court for the Southern District of Texas.

The company had $6.69 million in cash at May 31.

Superior Offshore, a Houston-based provider of subsea construction and commercial diving services to the crude oil and natural gas exploration and production industries and gathering and transmission industries, filed for bankruptcy on April 24. Its Chapter 11 case number is 08-32590.


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