EnerVest Energy and Oil Sands Total Return Trust
TSX : EOS.UN

EnerVest Energy and Oil Sands Total Return Trust

May 18, 2006 09:30 ET

EnerVest Energy and Oil Sands Total Return Trust Announces Initial Monthly Distribution

CALGARY, ALBERTA--(CCNMatthews - May 18, 2006) -

Not for distribution to U.S. newswire services or for dissemination in the United States

EnerVest Oil Sands Management Inc. ("EnerVest") (TSX:EOS.UN) is pleased to announce the initial distribution to Unitholders of EnerVest Energy and Oil Sands Total Return Trust. The record date for the distribution is May 31, 2006 and the payment date will be June 15, 2006.

EnerVest will distribute $0.0417 per unit which represents a yield of 5% based on the original issue price. This is consistent with the indicative distribution as set out in the March 30, 2006 Final Prospectus for the Initial Public Offering of EnerVest.

EnerVest is an actively managed portfolio of: (i) companies, royalty and income trusts and similar issuers involved directly or indirectly in the development of the oil sands and whose business is directly or indirectly related to the acquisition, mining, development, extraction, processing, production, marketing, transportation, supply and sale of products and resources from the oil sands, as well as suppliers to oil sands projects who derive a portion of their revenue and net earnings from sales of products or provision of services to issuers participating in the oil sands projects in Canada; and (ii) traditional oil and gas royalty trusts and similar issuers.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • EnerVest Oil Sands Management Inc.
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest Oil Sands Management Inc.
    J. Ward Mallabone
    Chief Operating Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest Oil Sands Management Inc.
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest Oil Sands Management Inc.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest Oil Sands Management Inc.
    Suite 2800, 700-9th Avenue S.W.
    Calgary, Alberta, T2P 3V4
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    Email: info@enervest.com
    Website: www.enervest.com