During 2007, Enerplus continued the strategy of investing equity in junior energy businesses with the potential for strategic benefits to the company. To date, Enerplus has made investments in companies involved in conventional exploration and production in Canada and abroad, oil sands development and oil sands infrastructure. The relationships associated with these investments have provided insight into potentially attractive plays and technologies, increased deal flow, competitive advantages on acquisitions and enhanced monetization of non-core assets.

Enerplus plans to continue the strategy in 2008 given the strategic and financial success of the program to date. Since the implementation of this strategy, Enerplus has invested approximately $70 million in over ten investments, has realized sales proceeds of over $41 million and has a current portfolio that Enerplus estimates was valued at approximately $175 million at December 31, 2007.