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

EnerVest Energy and Oil Sands Total Return Trust

October 26, 2007 15:00 ET

EnerVest Energy and Oil Sands Total Return Trust Announces Trading of Warrants

CALGARY, ALBERTA--(Marketwire - Oct. 26, 2007) -

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

EnerVest Energy and Oil Sands Total Return Trust (TSX:EOS.UN) (the "Trust" or "EnerVest") is pleased to announce that 1,631,340 warrants (the "Warrants") to be issued pursuant to the final prospectus of the Trust dated October 23, 2007 will be listed and posted for trading on the Toronto Stock Exchange on October 30, 2007 on a "when issued" basis under the symbol EOS.WT.

As previously announced, the Warrants are being issued to holders of trust units (the "Units") of the Trust of record as of the close of business on November 1, 2007 on the basis of one-half of one whole Warrant for each Unit held. Each whole Warrant entitles the holder to purchase one Unit at a price of $8.70 after January 1, 2008 but on or before 3:00 p.m. (Calgary Time) on October 2, 2008 (the "Expiry Time"). Warrants not exercised by the Expiry Time will be void and of no value.

EnerVest is an actively managed closed-end trust which invests in a diversified portfolio of: (i) companies and income trusts involved directly and indirectly in the Canadian oil sands; and (ii) traditional oil and gas royalty trusts. EnerVest's investment objectives are to maximize total return through capital appreciation in the portfolio and to provide Unitholders with a consistent monthly cash distribution.

A copy of the Prospectus can be found at www.sedar.com.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • EnerVest Energy and Oil Sands Total Return Trust
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Energy and Oil Sands Total Return Trust
    Sean J.H. Morgan
    Chief Financial Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Energy and Oil Sands Total Return Trust
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Energy and Oil Sands Total Return Trust
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Energy and Oil Sands Total Return Trust
    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