ScotiaMocatta Precious and Base Metal
client

ENERPLUS EASTERN AB
SE SASK ASSET DISPOSITION
Bid Date: January 2017

Enerplus Corporation (“Enerplus”) has initiated a process to divest of non-core assets in Alberta and Saskatchewan and has retained Scotia Waterous Inc. as its exclusive financial advisor.



Opportunity Summary

Enerplus’ assets have been divided into two packages based on geography and operating synergies. Both packages offer low risk reserves that are predominantly proved and producing with unbooked upside.

Eastern Alberta

The Eastern Alberta package provides a diverse offering with the opportunity to acquire primarily operated and moderately low-decline oil and gas production. The package contains meaningful upside opportunities which include optimization, development drilling, infill drilling, recompletions, and waterflood and tertiary recovery.

SE Saskatchewan

The SE Saskatchewan offering provides the opportunity to acquire high netback oil and low-decline assets producing from the Midale formation. Attractive upside opportunities exist through drilling potential, waterflood implementation and the optimization of wells and facilities.



PROCESS

Timetable

Milestone Date
Virtual Data Room Available Week of December 12, 2016
Management Presentations Available Commencing December 19, 2016
Bid Date January 2017
   

Transaction Structure

Although all transaction structures will be considered, preference will be given to En Bloc proposals or complete package proposals.

Confidential Information

Confidential data relating to the assets is expected to be available the week of December 12, 2016 to parties that have executed a Confidentiality Agreement. Interested parties should execute and deliver two copies of the Confidentiality Agreement to Scotia Waterous. Confidential information will be available in the online Virtual Data Room and through a management presentation.

To access the Confidentiality Agreement, please contact one of the individuals listed below.



CONTACTS

Interested parties are asked to refrain from directly contacting Enerplus’ employees or affiliates. Any questions related to this offering can be directed to a Scotia Waterous representative listed below:

Scotia Waterous
Chris Stephens
Managing Director
Tel: (403) 261-2370
chris.stephens@scotiabank.com
Rosemarie Gerspacher
Associate Director
Tel: (403) 261-2375
rosemarie.gerspacher@scotiabank.com
Andrew Potter
Engineering
Tel: (403) 298-4080
andrew.potter@scotiabank.com
David St.Onge
Associate Director
Tel: (403) 261-4235
david.st.onge@scotiabank.com
Brittany Girling
Associate
Tel: (403) 218-6777
brittany.girling@scotiabank.com
Scotia Waterous Inc.
Suite 1800, Scotia Centre
700 - 2nd Street SW
Calgary, Alberta T2P 2W1
Main: (403) 265-8077
Fax: (403) 269-8355

Quick Links

Summary
Process
Contacts

Resources

Intro Letter