Posted AT 2:47 PM EDT on 09/05/08
Enerplus confirms sale of stake in Joslyn
CALGARY — Enerplus Resources Fund, a Calgary-based oil and gas trust, will go ahead with the planned sale of its minority stake in the Joslyn oil sands project in northern Alberta, the company said Friday as it reported higher profit and revenue.
Enerplus said that after a strategic review of the asset, the company will sell the interest in Joslyn, a development controlled and operated by French oil and gas giant Total SA.
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