warming up, page-25

A bit more.

They sold it totally unproven but its only got dry gas, we have liquids

Astonishing value here now imo

We have also entered into an agreement to sell our Montney interests at Julienne Creek for $130 million. While we believe the Julienne Creek asset offers significant scope and scale, the natural gas produced in this area is predominantly dry with very little associated natural gas liquids production. Our core assets in the Williston Basin, our waterfloods, the Marcellus and the Deep Basin (Wilrich and Duvernay) provide us with a deep inventory of future drilling prospects that offer more favourable economics and will enable us to grow production, reserves and cash flow in existing areas in both the near and long-term. Enerplus has invested approximately $50 million building our position in the Montney. The sale includes 33,300 net contiguous acres (100% working interest) with no current production or reserves, representing sale metrics of approximately $3,900 per acre.

http://www.prnewswire.com/news-releases/enerplus-reports-strong-2013-third-quarter-results-acquisition-of-additional-interests-in-the-marcellus-and-sale-of-montney-leases-231124751.html