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
With your existing account from: 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. The information below will be used to optimize the content and make ads across the network more relevant to you. It was originally called Enerplus Resources Fundand it was Canada’s first income trust.
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Kirby oilsands leases sold for $ million
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Sorry, we could not verify your email address. The acquisition was announced after the close of markets. The deal is expected to close on or about April 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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Comments that violate our community guidelines will be removed. Enerplus was established in by Marcel Tremblay, a pension fund manager and John Brussa, a lawyer. Enerplus will become the managing partner and the operator of the Kirby project, which operates in the Athabasca oilsands region of Alberta. Story continues below advertisement.
Enerplus said the acquisition “will add significant long-term value for our unitholders. Vatican spokesman and deputy suddenly resign, capping year of upheaval. Check your email for your verification email, or enter your email address in the form below to resend the email. If you want to write a letter to the editor, please forward to letters globeandmail.
Enerplus – Wikipedia
Due to technical reasons, we have temporarily removed commenting from our articles. Kirby’s oilsands leases cover a block of 17, hectares in a “highly prospective” area in the heart of the Athabasca oilsands. Readers can enerplue interact with The Globe on Facebook and Twitter.
Thank you for verifiying your email address. The first phase of the Joslyn project entered commercial production in latewith bitumen recovered using SAGD technology, which involves injecting steam deep into the oil sands to melt the bitumen and then pumping out the oil. It was Canada’s first emerplus trust. Read our community kiby here. 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.