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

EnerVest Energy and Oil Sands Total Return Trust

September 15, 2008 16:00 ET

EnerVest Energy and Oil Sands Total Return Trust Announces September 2008 Distribution and Appointment of Chief Financial Officer and Chief Operating Officer

CALGARY, ALBERTA--(Marketwire - Sept. 15, 2008) -

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 ("EnerVest") (TSX:EOS.UN). A portion of this distribution will consist of return of capital. The record date for this distribution is September 30, 2008 and the payment date will be October 15, 2008.

EnerVest's net asset value per unit was $10.74 for September 12, 2008.

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.

EnerVest is pleased to announce the appointment of Jane A. Depraitere, LL.B., CGA, MBA (Honours) as Chief Financial Officer and Chief Operating Officer. Prior to joining EnerVest, Ms. Depraitere was Director of Operations at Mawer Investment Management Ltd. Prior thereto, she worked for Bissett Investment Management, a Division of Franklin Templeton Investments, as Vice President and Corporate Secretary then as Vice President, Administration. During her career, Ms. Depraitere worked for Price Waterhouse, Chartered Accountants as a Manager, Financial Advisory Services and was with the Law Society of Upper Canada as an Examiner, Audit Department.

Further we would like to acknowledge the contribution of Sean Morgan, Chief Financial Officer of EnerVest, who will be leaving EnerVest to pursue other business opportunities. 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
    (403) 571-5554 (FAX)
    or
    EnerVest Oil Sands Management Inc.
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    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
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    Email: info@enervest.com
    Website: www.enervest.com