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ERF Enerplus Corporation

20.09
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Enerplus Corporation NYSE:ERF NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.09 0 01:00:00

Enerplus Completes Sale of Certain Assets in Northwest Alberta

16/06/2016 11:00am

PR Newswire (Canada)


Enerplus (NYSE:ERF)
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CALGARY, June 16, 2016 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) has completed the previously announced sale of certain non-core assets (the "Assets") located in northwest Alberta, including its Pouce Coupe asset, for cash proceeds of approximately $95.5 million. Proceeds from this transaction were used to fully repay the Company's outstanding bank credit facility.

About Enerplus
Enerplus Corporation is a responsible developer of high quality crude oil and natural gas assets in Canada and the United States, focused on providing both growth and income to its shareholders.

CURRENCY AND ACCOUNTING PRINCIPLES

All amounts in this news release are stated in Canadian dollars unless otherwise specified.

Ian C. Dundas
President & Chief Executive Officer
Enerplus Corporation

SOURCE Enerplus Corporation

Copyright 2016 Canada NewsWire

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