EnerVest Natural Resource Fund Ltd.

EnerVest Natural Resource Fund Ltd.
EnerVest FTS Limited Partnership 2007

EnerVest FTS Limited Partnership 2007
EnerVest FTS Limited Partnership 2007 II

EnerVest FTS Limited Partnership 2007 II

June 26, 2009 16:37 ET

EnerVest Announces Rollover Transaction of FTS Limited Partnership 2007 and 2007II on June 30, 2009

CALGARY, ALBERTA--(Marketwire - June 26, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

EnerVest 2007 General Partnership Corp. and EnerVest 2007 II General Partner Corp., the respective general partners of EnerVest FTS Limited Partnership 2007 and EnerVest FTS Limited Partnership 2007 II (collectively, the "Partnerships"), announce that the planned transfer of the assets of the Partnerships to EnerVest Natural Resource Fund Ltd. (ENV 040) (the "Fund"), an open-end mutual fund, will now occur on or about June 30, 2009 (the "Rollover Transactions").

On May 13, 2009 notices were sent to the limited partners of the Partnerships that the Rollover Transactions were expected to occur on or about June 17, 2009. This date was extended because EnerVest anticipated that the percentage of illiquid securities in the Fund upon completion of the Rollover Transactions would exceed 10% of the Fund's Net Asset Value (NAV). The Manager of the Fund has been granted relief by the securities regulators such that upon completion of the Rollover Transactions the percentage of illiquid securities held in the Fund may comprise up to 15% of NAV. Although sales of private company securities have been made more difficult by current market conditions, the Manager of the Fund will continue to work diligently and prudently towards reducing the percentage of illiquid securities in a manner that will maximize value for shareholders. The Rollover Transactions and regulatory relief sought were found to be fair and reasonable to all investors by the Independent Review Committee of the Partnerships and the Fund.

EnerVest has determined that it is in the best interests of the limited partners of both Partnerships and the Fund to perform the Rollover Transactions simultaneously because this will result in significant cost savings. We expect that approximately 30 days after the transfer of the respective assets the mutual fund shares of the Fund will be distributed to the limited partners on a pro rata basis. The asset transfer and subsequent dissolution of the Partnerships will be done on a tax deferred basis which will provide liquidity for the limited partners and build assets for the Fund.

As an open-ended mutual fund, the Fund allows investors to redeem their shares at the net asset value per share on any trading day. Investors who want to redeem shares in the Fund may contact their registered dealer or provide written notice to the Fund.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect current expectations of EnerVest Management Ltd.'s (the "Administrator") and its affiliates regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Administrator believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. None of the Administrator, the Fund nor the Partnerships undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

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