EnerVest FTS Limited Partnership 2007 II

EnerVest FTS Limited Partnership 2007 II

September 27, 2007 10:52 ET

EnerVest FTS Limited Partnership 2007 II Announces Flow-Through Offering

CALGARY, ALBERTA--(Marketwire - Sept. 27, 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") has filed a preliminary long form prospectus for its Initial Public Offering. The Partnership is offering limited partnership Units at a price of $25 per Unit with a minimum subscription of $5,000 (200 Units). The Partnership looks to raise a maximum of $15,000,000 (600,000 Units) and minimum of $5,000,000 (200,000 Units). The limited partnership Units will be offered for sale to the public in each 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 for Limited Partners. The Partnership's investment portfolio will be actively managed by Cypress Capital Management Ltd. Cypress manages in excess of $4.8 billion in assets which include the holdings of EnerVest FTS Limited Partnership 2006, EnerVest FTS Limited Partnership 2006 II and EnerVest FTS Limited Partnership 2007.

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

A copy of the Preliminary 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 General Partner Corp.
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2007 General Partner Corp.
    Sean J. H. Morgan
    Chief Financial Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2007 General Partner Corp.
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2007 General Partner Corp.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2007 General Partner Corp.
    Suite 2800, 700-9th Avenue S.W.
    Calgary, Alberta, T2P 3V4
    Email: info@enervest.com
    Website: www.enervest.com