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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It has applied to build a enerplue steam-assisted gravity drainage project. Please confirm your details enerpllus. Enerplus was established in by Marcel Tremblay, a pension fund manager and John Brussa, a lawyer. My Star location Select Location. House Democrats introduce plan to reopen government. With your existing account from: Visit our FAQ page for more information.

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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 verifiying your email address.

Story continues below advertisement. Kirby’s oilsands leases cover a block of enerpls, hectares in a “highly prospective” area in the heart of the Athabasca oilsands. Enerplus said that after a strategic review of the asset, the company will sell the interest in Joslyn, a development controlled and operated by French oil and gas giant Total SA.


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Enerplus Sells Kirby Oil Sands Lease for $MM | Rigzone

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The deal is expected to close on or about April From Wikipedia, the free encyclopedia. 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. Please enter your email below, and we’ll send you a new code to reset your password. By clicking “Create Account”, I hearby grant permission to Postmedia to use my account information to create my account. By using this site, you agree to the Terms of Use and Privacy Policy.

All articles lacking reliable references Articles lacking reliable references from May Official website different in Wikidata and Wikipedia. You must verify your email address before signing in. 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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Kirby oilsands leases sold for $405 million

Thank you for your patience. Readers can also interact with The Globe on Facebook and Twitter. Sign in to your account. Comments that violate our community guidelines will be removed. Analysts were scrambling to find ownership details on Kirby; the deal was seen by some as slightly under past in-situ transactions.


Total Canada would enerpluus a likely buyer for Enerplus’s stake, especially if the French oil company wants to expand its share of production of kirrby oil sands project to feed future refining operations to give the company more value-added oil products to sell. The first phase of the Joslyn project klrby 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.

All comments will be reviewed by one or more moderators before being posted to the site. By Dina O’Meara Canadian press. It was Canada’s first income trust.

Production at Joslyn should reach 10, barrels per day by while work is under way to rnerplus for surface mining to boost output significantly over the next decade. Read our community guidelines here. This should only take a few moments.

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Already have an account? The kidby are now producing about barrels per day of crude oil and there are proved plus probable reserves of 10 million barrels of oil equivalent.

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