About Enerplus

As of December 24, 2008

Enterprise Value: CDN $4.7 Billion
Units Outstanding: 165.3 Million

2009 Daily Production Outlook: 91,000 BOE/day — 58% natural gas 42% crude oil & natural gas liquids

Reserve Life Index: 14.0 Years
Commodity Prices: WTI CRUDE OIL, NYMEX
Canadian/US Exchange Rate
Debt to Cash Flow: 0.4x
Capital Spending: 2009 Budget $300 million
Price to Cash Flow: 3.8x
Monthly Distributions: CDN $0.25/unit/month

Last updated: December 24, 2008