11:50 AM EST - Enerplus Corporation : announced guidance for 2013 and the acquisition of additional low decline, light oil interests in Montana. Consistent with its strategy of consolidating core positions within our portfolio, Enerplus has agreed to enter into an agreement to acquire an additional 20% working interest in our operated leases in the Sleeping Giant area in the Elm Coulee field in Richland County, Montana for approximately $131 million U.S. (approximately $121 million U.S. after estimated closing adjustments of $10 million U.S.. By investing approximately half of the proceeds from the sale of our Manitoba assets, we expect to replace the sold production, improve the concentration of our asset base and improve our operating metrics. Enerplus Corporation
shares T.ERF are trading down $0.03 at $12.80.
