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News Releases

Enerplus announces appointment of leaders to oil sands team

December 19, 2007

    CALGARY, Dec. 19 /CNW/ - Mr. Gordon J. Kerr, President & Chief Executive
Officer of Enerplus Resources Fund ("Enerplus") is pleased to announce the
addition of two key individuals to our oil sands leadership team. The oil
sands represents an exciting growth business for us with the addition of our
Kirby operated steam assisted gravity drainage ("SAGD") project earlier this
year in addition to our other non-operated oil sands assets. Together these
assets represent significant value within Enerplus and provide line of sight
to approximately 60,000 barrels per day of bitumen production over the next 10
years, 50% of which will be operated by Enerplus.
    Mr. Ray Daniels has joined Enerplus as Vice President, Oil Sands.
Mr. Daniels started his career in the oil and gas industry in Aberdeen working
with Chevron Petroleum in various technical roles. For the past 23 years, he
has held various management positions with Conoco UK Limited and most recently
with ConocoPhillips Canada as Vice-President Surmont Development. In addition
to his significant technical experience in conventional oil and gas
production, he brings extensive experience in the development and management
of oil sands projects in Canada. The Surmont project is a world-class,
multi-phase development SAGD operation with planned production of 100,000
bbls/day of bitumen. Mr. Daniels holds a Masters of Business Administration
from Aberdeen University and Robert Gordon University and a Bachelor of
Science in Mechanical Engineering from Aberdeen University.
    Mr. Dennis Sundgaard has joined Enerplus as Senior Project Manager, Oil
Sands and will be responsible for the Engineering, Procurement, Contracting
("EPC") and Construction Management of the Kirby SAGD project. His most recent
experience was building an operated 30,000 bbl/day SAGD project similar to our
anticipated Kirby facility which was completed at a cost of 3% less than the
initial cost estimate. Mr. Sundgaard brings over 40 years experience at
progressive levels of responsibility in the oil and gas industry, particularly
in the areas of facilities engineering and construction. His experience
includes various management positions with Husky Energy within their oil sands
and thermal projects as well as extensive experience with Shell Canada on both
offshore and conventional oil and gas projects. Mr. Sundgaard holds a Bachelor
of Science in Mechanical Engineering from the University of Calgary.
    We are excited to have Mr. Daniels and Mr. Sundgaard join our leadership
team at Enerplus. Their experience and expertise will be instrumental in
building our oil sands organizational skills and leading the development of
our portfolio of oil sands projects from early development through to full
project implementation.

    Gordon J. Kerr
    President & Chief Executive Officer
    Enerplus Resources Fund

    Except for the historical and present factual information contained
herein, the matters set forth in this news release, including words such as
"expects", "projects", "plans" and similar expressions, are forward-looking
information that represents management of Enerplus' internal projections,
expectations or beliefs concerning, among other things, future operating
results and various components thereof or the economic performance of
Enerplus. The projections, estimates and beliefs contained in such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Enerplus' actual performance and financial
results in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other things, those
described in Enerplus' filings with the Canadian and U.S. securities
authorities. Accordingly, holders of Enerplus Trust Units and potential
investors are cautioned that events or circumstances could cause results to
differ materially from those predicted.

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