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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By clicking “Create Account”, I hearby grant permission to Postmedia to use my account information to create my account. Canada’s first royalty trust, Enerplus already has a 16 per cent interest in the Joslyn oil sands lease.

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Enerplus Sells Kirby Oil Sands Lease for $MM | Rigzone

Marcel Tremblay John Brussa. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Thank you for your patience. Story continues below advertisement. 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 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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Visit our FAQ page for more information. This was the largest American acquisition by a Canadian oil and gas income trust to that time.

Kirby oilsands leases sold for $405 million

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

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From Wikipedia, the free encyclopedia. Two dead, nearly 30 wounded in explosion at shopping mall in Philippines. Enter your email address below 2. 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.

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Kirby’s oilsands leases cover a block of 17, hectares in a “highly prospective” area in the heart of the Athabasca oilsands. Wait for the instructions to arrive in your inbox 3.

Analysts were scrambling to find ownership details on Kirby; the deal was seen by some as slightly under past in-situ transactions. InMark Resources renamed itself Enermark, became an income trust, and joined the Enerplus group of companies. 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.

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