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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Calgary, AlbertaCanada. Retrieved from ” https: The company had said earlier this year it would keep Kirby on ice while it evaluates options such as selling the asset or entering into a joint venture. Two dead, nearly 30 wounded in explosion at shopping mall in Philippines. If you encounter a comment that is abusive, click the “X” in the upper right corner of the comment box to report spam or abuse.

Enerplus Sells Kirby Oil Sands Lease for $405MM

The information below will be used to optimize the content and make ads across the network more relevant to you. 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.

We’ve sent you an email with instructions to create a new password. Kiirby were scrambling kirvy find ownership details on Kirby; the deal was seen by some as slightly under past in-situ transactions. Wait for the instructions to arrive in your inbox 3. Story continues below advertisement. This was done because of changes in the taxation rules for income trusts.

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Enerplus – Wikipedia

Follow the instructions to update your password. You can always change the information you share with us by editing your profile. Create a new password. Enerplus has said it believes Kirby has the potential to produce 30, to 40, barrels of bitumen per day. Enerplus Resources Fund, a Calgary-based oil and gas trust, will go ahead with the planned sale of its minority stake in the Joslyn oil sands project in northern Alberta, the company said Friday as it reported enerplis profit and revenue.


Already have an account? It also reported buying 23, net hectares of rnerplus land in northwest West Virginia and Maryland that is prospective for Marcellus shale gas. Readers can also interact with The Dnerplus on Facebook and Twitter. Focus primarily specialized in natural gas production. Enter your email address below 2.

Kirby oilsands leases sold for $ million

Enerplus was established in by Marcel Tremblay, a pension fund manager and John Brussa, a lawyer. I also accept and agree to be bound by Postmedia’s Terms and Conditions with respect to my use of the Jirby and I have read and understand Postmedia’s Privacy Statement.

Production at Joslyn should reach 10, barrels per day by while work is under way to prepare for surface enerplys to boost output significantly over the next decade. In addition to the Joslyn assets, the company also has a stake in the Surmont leases as the French-owned company expands to become a growing Alberta oil sands developer. By Dina O’Meara Canadian press. Sign in to your account.

Enerplus said that after a strategic review of the asset, enerp,us company will sell the interest in Joslyn, a development controlled and operated by French oil and gas giant Total SA. Enerplus Corporation converted from an income trust to ensrplus corporate entity on January 1,after receiving approval by The acquisition changed the company’s output to just over 60 per cent natural gas and kirbu per cent crude oil and natural gas liquids in its portfolio.

Tickers mentioned in this story Data Update Unchecking box will stop auto data updates. Please confirm your details below. With your existing account lirby 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. InMark Resources renamed itself Enermark, became an income trust, and joined the Enerplus group of companies. The acquisition was announced after the close of markets.

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Sign in to complete account merge. Enerplus will become the managing partner and the operator of the Kirby project, which operates in the Athabasca oilsands region of Alberta.

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I consent to the collection, use, maintenance, and disclosure of my information in accordance with the Postmedia’s Privacy Policy. Enerplus said the acquisition “will add significant long-term value for our unitholders. Read our community guidelines here. The Globe and Mail. Please enter your email below, and we’ll send you a new code to reset your password. 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.

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The company holds oil and natural gas property interest in the United States and in western Canada, in the provinces of Alberta, British Columbia and Saskatchewan. We hope to have this fixed soon. Total Canada would seem a likely buyer for Enerplus’s stake, especially if the French oil company wants to expand its share of production of the oil sands project to feed future refining operations to give the company more value-added oil products to sell. From Wikipedia, the free encyclopedia.

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