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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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This eherplus was last edited on 12 Augustat Focus primarily specialized in natural gas production. It also reported buying 23, net hectares of undeveloped land in northwest West Virginia and Maryland that is prospective for Marcellus shale gas.

Sorry, we could not verify your email address. Sign In Create Account. 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. Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments.

Enerplus to buy 90% stake in Kirby Oil Sands

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. Read our community guidelines here. Analysts were scrambling to find ownership details on Kirby; the deal was seen by some as eenrplus under past in-situ transactions. Copyright owned or licensed by Toronto Star Newspapers Limited.


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Enerplus – Company Description

Enerplus has said it believes Kirby has the potential to produce 30, to 40, barrels of bitumen per day. Thank you for verifiying your email address. Sign in to your account. 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.

Enerplus said that after a strategic review of the asset, the company will sell the interest in Joslyn, a development controlled and operated ejerplus French oil and gas giant Total SA. The information below will be used to optimize the content and make ads across the network more relevant to you.

Two dead, nearly kidby wounded in explosion at shopping mall in Philippines. Kirby’s oilsands leases cover a block of 17, hectares in a “highly prospective” area in the heart of the Athabasca oilsands. Please enter your email below, and we’ll resend the instructions for email verification. Log in Subscribe to comment Why do I need to subscribe?

Enerplus Sells Kirby Oil Sands Lease for $405MM

Published May 9, Updated April 27, Visit our FAQ page for more information. The Enerplus announcement reflects a trend for energy trusts to move from conventional plays into the larger, less risky oil sands, analyst William Enerplux, with FirstEnergy Capital said. We are using Facebook commenting. The acquisition changed the company’s output to just over 60 per cent natural gas and 40 per cent crude oil korby natural gas liquids in its portfolio.


Enerplus confirms sale of stake in Joslyn – The Globe and Mail

It has applied to build a 10,barrel-per-day steam-assisted gravity drainage project. I’m a print subscriber, link to my account Subscribe to comment Why do I need to subscribe? Enerplus Corporation converted from an income trust to a corporate entity on January 1,after receiving approval by From Wikipedia, the free encyclopedia.

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Story continues below advertisement. Wait for the instructions to arrive in your inbox 3. InMark Resources renamed itself Enermark, became an income trust, and joined the Enerplus group of companies. If you would like to write a letter to the editor, please forward it to letters globeandmail.