FORM 6-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Report of Foreign Issuer pursuant to Rule 13-a-16 or 15d-16

of the Securities Exchange Act of 1934

 

FOR THE MONTH OF APRIL, 2003

 

 

COMMISSION FILE NUMBER  1-15150

 

 

The Dome Tower

Suite 3000, 333 – 7th Avenue S.W.

Calgary, Alberta

Canada T2P 2Z1

 

(403) 298-2200

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F o

 

Form 40-F ý

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)

 

Yes o

 

No ý

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)

 

Yeso

 

No ý

 

Indicate by check mark whether, by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the securities Exchange Act of 1934.

 

Yes o

 

No ý

 

 

 

EXHIBIT INDEX

 

EXHIBIT 1             ENERPLUS RESOURCES FUND ANNOUNCES CASH DISTRIBUTION

 

EXHIBIT 1

 

FOR IMMEDIATE RELEASE

 

 

April 30, 2003

TSX:       ERF.un

NYSE:     ERF

 

ENERPLUS RESOURCES FUND

ANNOUNCES CASH DISTRIBUTION

 

Enerplus is pleased to announce that a cash distribution in the amount of CDN$0.37 (thirty-seven cents) per unit will be payable on May 20th, 2003, to all Unitholders of record at the close of business on May10th, 2003. The ex-distribution date for this payment is May 7th, 2003.

 

The CDN$0.37 (thirty-seven cents) per unit is equivalent to approximately US$0.26 per unit if converted using a Canadian/US dollar exchange ratio of 1.45.  The actual US dollar equivalent distribution will be based upon the actual US/Canadian exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may apply.

 

Total cash distributions paid for the quarter ending March 31, 2003 equal CDN$1.07 (one dollar and seven cents) per unit (paid or payable in the months of March, April and May 2003). In addition to the CDN$1.07 (one dollar and seven cents) per unit in cash distributions paid to Unitholders, approximately CDN$0.70 (seventy cents) per unit (CDN$58 million) of funds flow from the quarter was used for debt repayment related to capital expenditures.

 

The distribution payout ratio represents 60% of the generated cash flows from the first quarter of the year in response to the relatively high commodity price environment enjoyed during the period.  The CDN$58 million of cash flow retained by the fund more than offset the cost of Enerplus’ development program for the quarter and supports the business strategy of maintaining a strong balance sheet for acquisition opportunities.

 

The Fund’s new trailing twelve month distribution paid totals CDN$3.71 (three dollars and seventy-one cents) per unit. For further information, please contact Investor Relations at 1-800-319-6462 or e-mail investorrelations@enerplus.com.

 

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David McCoy

General Counsel & Corporate Secretary

 

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. Enerplus disclaims any responsibility to update these forward-looking statements.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

ENERPLUS RESOURCES FUND

 

 

BY:

/s/ Christina S. Meeuwsen

 

 

Christina S. Meeuwsen

 

Assistant Corporate Secretary

 

 

DATE: April 30, 2003

 

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