Enerplus has closed the previously announced sale of our % working interest in the Kirby oil sands lease for proceeds of $ million. Enerplus Resources Fund of Calgary has sold its Kirby oilsands leases for $ million and is spending. Canadian Acquirer-Enerplus Resources Fund has sold its Kirby oil sands lease for $ million and says it has invested $ billion in light oil.
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Enerplus to buy 90% stake in Kirby Oil Sands
Sign in to complete account merge. Enerplus Corporation converted from an income trust to a corporate entity on January 1,after receiving approval by Wait for the instructions to arrive in enerpluus inbox 3. Thank you for verifiying your email address. This is a space where subscribers can engage with each other and Globe staff.
The Joslyn project, in which Enerplus acquired its minority stake incould produce up to two billion barrels of bitumen over its planned 30 years of operation. Read most recent letters to the editor.
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Ener;lus hope to have this fixed soon. The Enerplus announcement reflects a trend for energy trusts to move from conventional plays into the larger, less risky oil sands, analyst William Lacey, with FirstEnergy Capital said. Comments that violate our community guidelines will be removed. Log in Subscribe to comment Why do I need to subscribe? In its financial report, Enerplus said it earned 82 cents a unit for the three months ended March 31, compared with 88 cents a unit for the previous year’s period.
Such a sale would allow Enerplus to focus on its wholly wnerplus Kirby steam-assisted gravity drainage SAGD project and other potential developments, Enerplus said in its earnings release.
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Enerplus Sells Kirby Oil Sands Lease for $405MM
Follow the instructions to update your password. InMark Resources renamed itself Enermark, became an income trust, and joined the Enerplus group of companies.
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Kirby oilsands leases sold for $ million
Production at Joslyn should reach 10, barrels per day by while work is under way to prepare for surface mining to boost output significantly over the next decade. House Democrats introduce plan to reopen government.
This copy is for your personal non-commercial use only. Kirby’s oilsands leases cover a block of 17, hectares in a “highly prospective” area in the heart of the Athabasca oilsands.