Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/enerplus-exceeds-operating-financial-targets-for-2.shtmlEnerplus exceeds operating & financial targets for 2013
Enerplus Corporation is pleased to announce fourth quarter 2013 results as well as 2013 year-end operating and financial results.
[an error occurred while processing this directive]
Edit page New page Hide edit links
Enerplus Corporation is pleased to announce fourth quarter 2013 results as well as 2013 year-end operating and financial results.
2013 KEY TAKEAWAYS:
◾ Funds flow per share grew by 14% ◾ Production grew by 9%, exceeding guidance in spite of non-core asset sales ◾ Proved plus probable reserves were up 17% year-over-year, replacing 284% of 2013 production ◾ Capital spending, operating costs and general and administrative costs were all reduced ◾ Debt to funds flow ratio at year-end improved to 1.4x
