BRIEF-Enerplus says deal for about $95.5 mln

Mon Apr 11, 2016 5:36pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

April 11 (Reuters) - Enerplus Corp

* Says deal for approximately $95.5 million

* Divestment is expected to be accretive on both a production per debt adjusted share and funds flow per debt adjusted share basis

* Divestment is expected to have a modest impact on 2016 funds flow

* Enerplus is maintaining its 2016 production guidance range of 90,000 to 94,000 boe per day, despite divestment

* Has used its 2016 divestment proceeds, which will total $288.5 million upon closing of the divestment, to reduce its outstanding debt Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)