EnerVest FTS Limited Partnership 2007 II

EnerVest FTS Limited Partnership 2007 II

October 25, 2007 11:20 ET

EnerVest FTS Limited Partnership 2007 II Announces Closing of Flow-Through Offering

CALGARY, ALBERTA--(Marketwire - Oct. 25, 2007) -

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

EnerVest FTS Limited Partnership 2007 II (the "Partnership") is pleased to announce the closing of its initial public offering on October 25, 2007. The Partnership has issued 359,759 limited partnership units at $25.00 per unit under this closing, resulting in gross proceeds raised for the Partnership of $8,993,975. The Partnership units were offered for sale to the public in all of the provinces of Canada.

The proceeds of the offering will be invested in flow-through shares of resource companies involved in oil and gas and mineral exploration, development and/or production in Canada or certain energy production that may incur Canadian renewable and conservation expense. The Partnership's investment objective is to provide limited partners with a tax-assisted investment in a diversified portfolio of equity securities of resource companies with a view to achieving capital appreciation. The Partnership's investment portfolio will be actively managed by Cypress Capital Management Ltd.

The limited partners will be provided with federal tax receipt T5013 and/or T5013A, as applicable, which will reflect the Partnership's federal tax shelter identification number TS 073429 and all other required information, in time for limited partners to file their 2007 individual tax returns in the spring of 2008.

The offering was conducted by a syndicate of agents that was led by GMP Securities L.P. and included CIBC World Markets Inc., Canaccord Capital Corporation, Blackmont Capital Inc., Raymond James Ltd. and Richardson Partners Financial Services.

A copy of the final 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 2007 II General Partner Corp.
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2007 II General Partner Corp.
    Sean J. H. Morgan
    Chief Financial Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2007 II General Partner Corp.
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2007 II General Partner Corp.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2007 II General Partner Corp.
    Gary Sharpe
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2007 II General Partner Corp.
    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