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BRIEF-Enerplus says deal for about $95.5 mln

Published 2016-04-11, 05:36 p/m
© Reuters.  BRIEF-Enerplus says deal for about $95.5 mln
ERF
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April 11 (Reuters) - Enerplus Corp ERF.TO
* 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: ID:nCNW8gb1Ka
Further company coverage: ERF.TO

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