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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Non-subscribers can read and sort comments but will not be able to engage with them in any way. Enerplus has said it believes Kirby has the potential to produce 30, to 40, barrels of bitumen per day. Read most recent letters to the editor.

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

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Kirby oilsands leases sold for $405 million

This was done because of changes in the taxation rules for income trusts. Wait for the instructions to arrive in your inbox 3. This page was last edited on 12 Augustat eneerplus Calgary, AlbertaCanada.


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Enerplus will become the managing partner and the operator of the Kirby project, which operates in the Athabasca oilsands region of Alberta. Postmedia wants to improve your reading experience as well as share the best deals and promotions from our advertisers with you. We hope to have this fixed soon. Thank you for verifiying your email address.

If you would like to write a letter to the editor, please forward it to letters globeandmail. The first phase of the Joslyn project entered commercial production in lateenerpluus bitumen recovered using SAGD technology, which involves injecting steam deep into the oil sands to melt the bitumen and then pumping out the oil.

Kirby oilsands leases sold for $ million

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. Story continues below advertisement. 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. The assets are now producing about barrels per day of crude oil and there are proved plus probable reserves of 10 million barrels of oil equivalent.


House Democrats introduce plan to reopen government. By Dina O’Meara Canadian press.

Enerplus Sells Kirby Oil Sands Lease for $405MM

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Such a sale would allow Enerplus to focus on its wholly owned Kirby steam-assisted gravity drainage SAGD project and other potential developments, Enerplus said in its earnings release. The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures.

You can always change the information you share with us by editing your profile. Enerplus said the acquisition “will add significant long-term value for our unitholders.

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