09:54 AM EST - Enerplus Corporation : announced 2011 year-end reserves, operating and financial results. Total proved plus probable reserves at December 31, 2011 increased by 5% to 321.9 MMBOE year-over-year and 4% on a per-share basis. Cash flow from operating activities for 2011 totaled $623 million, down from $696 million in 2010. Stronger oil prices in 2011 were offset by lower natural gas prices and lower average production levels due to the full year impact of 2010 dispositions along with approximately $60 million of taxes related to gains on our dispositions in our U.S. subsidiary. Enerplus Corporation
shares T.ERF are trading down $0.42 at $24.17.
