Enerplus is a high-yielding equity investment in the oil and natural gas business. We are one of Canada's oldest and largest independent oil and gas producers established in 1986. We have built a balanced and diversified portfolio of producing properties across western Canada and the United States with a focus on large resource plays that offer predictable production and repeatable, low-risk development opportunities in conventional oil and gas production as well as in Canada's oil sands. Enerplus creates value through development drilling, optimization and acquisitions that enhance the sustainability of our business over the long-term. Through our discipline of paying a significant portion of our cash flow to investors each month, we believe we offer an attractive investment in the oil and gas industry.
Enerplus' Robert Waters, Senior VP and CFO interview with BNN on Second Quarter Results
Enerplus to Present at the Enercom 2008 Oil & Gas Conference
Investor Presentation
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| August 7 - Enerplus Announces 2008 Second Quarter Results and Increase in Monthly Cash Distribution Rate |
| July 31 - Enerplus Closes Sale of Joslyn Lease |
| July 30 - Enerplus to Present at the Enercom 2008 Oil & Gas Conference |
| July 30 - Enerplus Announces Cash Distribution for August 2008 |
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Canada is one of the few places in the world where oil production is expected to increase over the next 10 years largely due to the development of the vast oil sands reserves. Oil sands projects, which have a long life and typically flat production profiles, are ideal assets for income trusts.
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Enerplus owns approximately 70% working interest in a producing Bakken oil field in Richland County, Montana ("Sleeping Giant") through our acquisitions of Lyco Energy Corporation ("Lyco") and Sleeping Giant LLC ("SG LLC").
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We believe that long-term success comes from sustainable production, reserves, cash flow and distributions. The effectiveness of our efforts to achieve sustainability can be measured by the consistency of our cash distributions, reserves, production, reserve life index and debt levels.
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