One-Page Deal Sheet
Enerplus Divests Non-Core NW Alberta Assets; Pouce Coupe
Not Disclosed Enerplus Corp
Announced Date
April 11,2016
Close Date
June 16,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
96
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Closing Announcement - June 16, 2016
Enerplus Corporation has completed the previously announced sale of certain non-core 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.
Initial Announcement - April 11, 2016Enerplus Corporation has entered into a definitive agreement to sell certain non-core assets located in Northwest Alberta, including its Pouce Coupe asset.
The total cash consideration for the Assets is…
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