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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Please enter your email below, and enerolus resend the instructions for email verification. It has applied to build a 10,barrel-per-day steam-assisted gravity drainage project. Two dead, nearly 30 wounded in explosion at shopping mall in Philippines. 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.

We hope to have this fixed soon. Postmedia wants to improve your reading experience as well as share the best deals and promotions from our advertisers with you. With your existing account from: Analysts were scrambling to find ownership details on Kirby; the deal was seen by some as slightly under past in-situ transactions.

Enerplus Sells Kirby Oil Sands Lease for $MM | Rigzone

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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. By Dina O’Meara Canadian press.

This was done because of eneerplus in the taxation rules for income trusts. Enerplus was established in by Marcel Tremblay, a pension fund manager kibry John Brussa, a lawyer. It was Canada’s first income trust. 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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If you are looking to give feedback on our new site, please send it kirbj to feedback globeandmail. The Enerplus announcement reflects a trend for energy trusts to move from conventional plays into the larger, less risky oil sands, analyst William Lacey, with FirstEnergy Capital said. Enerplus will become the managing partner and the operator of the Kirby project, which operates in the Athabasca oilsands region of Alberta. Please enter your email below, and we’ll send you a new code to reset your password.

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.


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Kirby oilsands leases sold for $405 million

By clicking “Create Account”, I hearby grant permission to Postmedia to use my account information kirbu create my account. Visit our FAQ page for more information. Article text size A. 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.