EnerVest FTS Limited Partnership 2009

EnerVest FTS Limited Partnership 2009

November 19, 2009 16:49 ET

EnerVest FTS Limited Partnership 2009 Announces Closing of Flow-Through Offering

CALGARY, ALBERTA--(Marketwire - Nov. 19, 2009) -

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

EnerVest FTS Limited Partnership 2009 (the "Partnership") is pleased to announce the closing of its initial public offering on November 19, 2009. The total number of limited partnership units issued under the closing was 124,300 at $25.00 per unit, resulting in gross proceeds raised for the Partnership of $3,107,500. The Partnership units were offered for sale to the public in all of the provinces of Canada. The 2009 offering is the fifteenth consecutive year in which EnerVest has offered a flow-through limited partnership.

The Partnership's investment objective is to provide Limited Partners with a tax-advantaged investment in two portfolios. Approximately 73% of proceeds raised were allocated to the first portfolio which consists of Canadian Exploration Expense ("CEE") Flow-Through Shares of Resource Companies. The balance of the proceeds were allocated to the second portfolio which consists of Canadian Development Expense ("CDE") Flow-Through Shares of Resource Companies. Each portfolio is designed with a view to achieving capital appreciation for Limited Partners through tax advantaged investments.

The offering was conducted by a syndicate of Agents led by National Bank Financial Inc. and CIBC World Markets Inc. and included BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., FirstEnergy Capital Corp., Haywood Securities Inc., Blackmont Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Raymond James Ltd. and Wellington West Capital Markets Inc.

A copy of the Final Prospectus, which includes more details regarding the advantages of investing in a flow through limited partnership and the features of CEE Flow-Through Shares and CDE Flow-Through Shares can be found on SEDAR at www.sedar.com.

Certain statements included in this news release constitute forward-looking statements. More particularly, this news release contains statements concerning the tax attributes of the investments of the Partnership and the level of risk associated with an investment in the CDE Units and CEE Units. These forward-looking statements are not historical facts but reflect EnerVest 2009 General Partner Corp.'s (the "Administrator") current expectations 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 including changes in tax laws applicable to the Partnership and its securities and the interpretation thereof by the applicable taxation authorities, risks customary to the oil and gas industry and the exploration for and production of oil and gas and reflecting the ability of the Partnership to complete a liquidity alternative. 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. The Administrator undertakes no 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.

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

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