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

EnerVest Energy and Oil Sands Total Return Trust

August 14, 2007 09:30 ET

EnerVest Energy and Oil Sands Total Return Trust Announces August Distribution and Resignation of Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - Aug. 14, 2007) -

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

EnerVest Oil Sands Management Inc. is pleased to announce a distribution of $0.0417 per unit to Unitholders of EnerVest Energy and Oil Sands Total Return Trust (TSX:EOS.UN) ("EnerVest"). A portion of this distribution will consist of return of capital. The record date for this distribution is August 31, 2007 and the payment date will be September 14, 2007.

EnerVest's net asset value per unit was $7.53 for August 13, 2007.

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.

Further we would like to acknowledge the contribution of Ward Mallabone, Chief Operating Officer of EnerVest, who will be leaving EnerVest to pursue other business opportunities. Ward has been instrumental in the growth of EnerVest for over 10 years. He will continue to support EnerVest in a consulting capacity until year end. We wish him well in his future endeavors.

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

Contact Information

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