Report of Foreign Issuer (6-k)
04 February 2016 - 1:49AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report of Foreign Issuer
pursuant to Rule 13-a-16 or 15d-16
of the Securities Exchange
Act of 1934
FOR THE MONTH
OF February 2016
FORM 6-K
COMMISSION FILE NUMBER
1-15150
![LOGO](http://www.sec.gov/Archives/edgar/data/1126874/000127956916002610/enerpluslogo.jpg)
The Dome Tower
Suite
3000, 333 - 7th Avenue S.W.
Calgary, Alberta
Canada T2P 2Z1
(403) 298-2200
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)
Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)
Indicate by check mark
whether, by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the securities Exchange Act of 1934.
EXHIBIT
INDEX
EXHIBIT 99.1 - |
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News Release
Dated February 3, 2016 - Enerplus Completes Sale of Canadian Natural Gas Assets |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
ENERPLUS CORPORATION
BY: |
/s/ |
David A. McCoy |
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David A. McCoy |
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Vice President, General Counsel & Corporate Secretary |
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DATE: February 3,
2016
Exhibit 99.1
Enerplus Completes Sale of Canadian Natural
Gas Assets
CALGARY, Feb. 3, 2016 /CNW/ - Enerplus
Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) has completed one of the divestments announced
January 11, 2016 of certain Canadian natural gas properties for cash proceeds of approximately $183 million, before closing adjustments.
Proceeds from this transaction were used to reduce the Company's outstanding indebtedness providing additional financial flexibility.
Production from the properties divested under
this transaction was expected to average approximately 4,700 BOE per day (97 per cent natural gas) in 2016.
The second transaction also announced January
11, 2016 relating to the divestment of additional Canadian natural gas properties is expected to close during the first quarter
of 2016.
About Enerplus
Enerplus is a North American energy producer with a portfolio of high quality oil and gas assets in resource plays that offer significant
organic growth potential. We are focused on creating value for our investors through the execution of a disciplined capital investment
strategy that supports the successful development of our properties. We are a responsible developer of resources that strives to
provide investors with a competitive return comprised of both growth and dividend income.
CURRENCY AND ACCOUNTING PRINCIPLES
All amounts in this news release are stated
in Canadian dollars unless otherwise specified.
BARRELS OF OIL EQUIVALENT
This news release also contains references
to "BOE" (barrels of oil equivalent). Enerplus has adopted the standard of six thousand cubic feet of gas to one barrel
of oil (6 Mcf: 1 bbl) when converting natural gas to BOEs. BOEs may be misleading, particularly if used in isolation. The foregoing
conversion ratios are based on an energy equivalency conversion method primarily applicable at the burner tip and do not represent
a value equivalency at the wellhead. Given that the value ratio based on the current price of oil as compared to natural gas is
significantly different from the energy equivalent of 6:1, utilizing a conversion on a 6:1 basis may be misleading.
PRESENTATION OF PRODUCTION INFORMATION
Under U.S. GAAP oil and gas sales are generally
presented net of royalties and U.S. industry protocol is to present production volumes net of royalties. Under Canadian industry
protocol oil and gas sales and production volumes are presented on a gross basis before deduction of royalties. In order to continue
to be comparable with our Canadian peer companies, the summary results contained within this news release presents our production
and BOE measures on a before royalty company interest basis. All production volumes and revenues presented herein are reported
on a "company interest" basis, before deduction of Crown and other royalties, plus Enerplus' royalty interest.
FORWARD-LOOKING INFORMATION AND STATEMENTS
Except for the historical and present factual
information contained herein, the matters set forth in this news release, including words such as "expects", "projects",
"plans" and similar expressions, are forward-looking information that represents management of Enerplus' internal projections,
expectations or beliefs. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause Enerplus' actual performance and financial results in future periods
to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Accordingly, holders of Enerplus shares and potential investors are cautioned that events or circumstances could cause results
to differ materially from those predicted.
Follow @EnerplusCorp on Twitter at https://twitter.com/EnerplusCorp.
Ian C. Dundas
President & Chief Executive Officer
Enerplus Corporation
SOURCE Enerplus Corporation
%CIK: 0001126874
For further information: ENERPLUS CORPORATION: The Dome Tower,
Suite 3000, 333 - 7th Avenue SW, Calgary, Alberta, T2P 2Z1, T. 403-298-2200, F. 403-298-2211, www.enerplus.com
CO: Enerplus Corporation
CNW 06:00e 03-FEB-16
This regulatory filing also includes additional resources:
ex991.pdf
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