Sept 5 (Reuters) - Cenovus Energy Inc CVE.TO :
* Cenovus reaches agreement to sell Pelican Lake assets for approximately $1 billion
* Cenovus- proceeds from sale to be applied against $3.6 billion asset-sale bridge facility to fund asset acquisition from Conocophillips earlier this year
* Cenovus Energy Inc - company intends to retire first tranche of Bridge facility
* Cenovus Energy - to sell Pelican Lake heavy oil operations, other miscellaneous assets in northern Alberta for gross cash proceeds of $975 million