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

EnerVest Energy and Oil Sands Total Return Trust

December 14, 2006 09:30 ET

EnerVest Energy and Oil Sands Total Return Trust Announces December 2006 Distribution

CALGARY, ALBERTA--(CCNMatthews - Dec. 14, 2006) -

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

EnerVest Oil Sands Management Inc. (TSX:EOS.UN) is pleased to announce a distribution to Unitholders of EnerVest Energy and Oil Sands Total Return Trust ("EnerVest"). The record date for the distribution is December 29, 2006 and the payment date will be January 15, 2007.

EnerVest will distribute $0.0417 per unit which is consistent with our previously announced annual indicative distribution of 5%, based on the original issue price.

EnerVest's net asset value per unit was $7.63 for December 13, 2006.

EnerVest is an actively managed portfolio of: (i) companies, royalty and income trusts and similar issuers involved directly or indirectly in the development of the oil sands and whose business is directly or indirectly related to the acquisition, mining, development, extraction, processing, production, marketing, transportation, supply and sale of products and resources from the oil sands, as well as suppliers to oil sands projects who derive a portion of their revenue and net earnings from sales of products or provision of services to issuers participating in the oil sands projects in Canada; and (ii) traditional oil and gas royalty trusts and similar issuers.

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.
    J. Ward Mallabone
    Chief Operating 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
    (403) 571-5554 (FAX)
    or
    EnerVest Oil Sands Management Inc.
    Suite 2800, 700-9th Avenue S.W.
    Calgary, Alberta, T2P 3V4
    Email: info@enervest.com
    Website: www.enervest.com