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 Sells Kirby Oil Sands Lease for $405MM

Sign in to your account. Check your email for your verification email, or enter your email address in the form below to resend the email. 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. To order copies of Toronto Star articles, please go to: If you encounter a comment that is abusive, enerpljs the “X” in the upper right corner of the comment box to report spam or abuse.

Enerplus Sells Kirby Oil Sands Lease for $MM | Rigzone

The company had kibry earlier this year it would keep Kirby on ice while it evaluates options such as selling the asset or entering into a joint venture. Treat others as you wish to be treated Criticize ideas, not people Stay on topic Avoid the use of toxic and offensive language Flag bad behaviour Comments that violate our community guidelines will be removed.


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In its financial report, Enerplus said it earned 82 kirrby a unit for the three months ended March 31, compared with 88 cents a unit for the previous year’s period.

Enerplus said the acquisition “will add significant long-term value for our unitholders. All articles lacking reliable references Articles lacking reliable references from May Official website different in Wikidata and Wikipedia.

Share Adjust Comment Print. The assets are now producing about barrels per day of crude oil and there are enerp,us plus probable reserves of 10 million barrels of oil equivalent.

Kirby oilsands leases sold for $ million

Copyright owned or licensed by Toronto Star Newspapers Limited. Published May 9, Updated April 27, Its original purpose was to provide income from mature, aging oil and gas assets to retail investors, taking advantage of the tax advantages of the income trust structure. Thank you for your patience. The deal is expected to close on or about April 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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This was done because of changes in the taxation rules for income trusts. 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 higher profit and revenue. If you would like to write a letter to the editor, please forward it to letters globeandmail.

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Article text size A. Sorry, we could not verify your email address. Retrieved from ” https: Kirby’s oilsands leases cover a block of 17, hectares in a “highly prospective” area in the heart of the Athabasca oilsands.

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Enerplus has said it believes Kirby has the potential to produce 30, to 40, barrels of bitumen per day. Close is a division of Postmedia inc.

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