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Enerplus

Address 3000 Dome Tower, 333 7 Ave SW, Calgary, AB, T2P 2Z1, CA
Phone 403-298-2200
Fax 403-298-2211
Website enerplus.com
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Enerplus selling some Alberta natural gas assets

Enerplus Corporation has announced that it has entered into agreements to sell various Canadian natural gas properties located in Alberta. The total cash consideration for these assets is approximately $193 million, subject to closing adjustments, and is accretive on both a funds flow per debt adjusted share and production per debt adjusted share basis. Enerplus intends to use the proceeds to reduce outstanding indebtedness providing additional financial flexibility. The divestment of these properties further increases the focus and concentration within Enerplus' portfolio.