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Enerplus Closes Purchase of Bakken Oil Assets in Montana and Sale of Manitoba Assets

Enerplus Closes Purchase of Bakken Oil Assets in Montana and Sale of Manitoba 
Assets 
CALGARY, Dec. 20, 2012 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) 
(NYSE: ERF) is pleased to announce the closing of the previously disclosed 
acquisition of additional working interests in the Sleeping Giant area in the 
Elm Coulee field in Richland County, Montana for US$119 million including 
estimated closing adjustments. This acquisition includes approximately 6.2 
million BOE of proved plus probable reserves, incremental daily production of 
approximately 1,550 BOE/day, and consolidates our working interest to 
approximately 90% in these operated leases. Total current production including 
the acquisition is approximately 7,300 BOE/day net to Enerplus. 
We have also closed the sale of crude oil assets in Manitoba for $216 million 
including estimated closing adjustments. These assets were producing 
approximately 1,600 BOE/day of crude oil under waterflood and had an estimated 
8.4 million barrels of estimated proved plus probable reserves associated with 
them. 
These transactions are consistent with our strategy of focusing our portfolio 
through the sale of non-core assets and consolidating our interests in core 
areas. By reinvesting approximately half of the proceeds from the sale of our 
Manitoba assets, we have replaced the sold production, improved the 
concentration of our asset base and improved our operating metrics. 
Enerplus is a North American energy producer with a diversified asset base of 
high-quality, low-decline oil and gas assets complemented by growth assets in 
resource plays with superior economics. We are focused on creating value for 
our investors through the successful development of our properties. Through 
our activities, we strive to provide investors with a competitive return 
comprised of both growth and income. 
Electronic copies of our financial statements, news releases, and other public 
information are available on our website at www.enerplus.com. 
Gordon J. Kerr
President & Chief Executive Officer
Enerplus Corporation 
Cautionary Note Regarding 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", "believes" and similar expressions, are forward-looking 
information. Forward looking information in this news release includes the 
anticipated timing and proceeds to be received form the completion of the 
transaction and the anticipated accretion to Enerplus' cash flow and 
production per share and the growth potential of Enerplus' other projects. 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. These risks 
and uncertainties include, among other things, the failure to satisfy all 
financing and closing conditions, inaccurate estimates of the value and 
accretion resulting from the transaction and the failure to realize the 
anticipated benefits of Enerplus; other projects, as well as those described 
in Enerplus' filings with the Canadian and U.S. securities authorities. 
Accordingly, holders of Enerplus shares and potential investors are cautioned 
that events or circumstances could cause results to differ materially from 
those predicted. 
For further information, please contact Investor Relations at  1-800-319-6462 
or emailinvestorrelations@enerplus.com. 
SOURCE: Enerplus Corporation 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2012/20/c2541.html 
CO: Enerplus Corporation
ST: Alberta
NI: OIL MNA  
-0- Dec/20/2012 11:00 GMT
 
 
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