EnerVest FTS Limited Partnership 2003

EnerVest FTS Limited Partnership 2003

July 29, 2005 09:30 ET

EnerVest FTS Limited Partnership 2003 Announces Sale of Assets and Dissolution

CALGARY, ALBERTA--(CCNMatthews - July 29, 2005) - EnerVest FTS Limited Partnership 2003 (the "Partnership") announces that effective July 28, 2005 the sale of all of the assets of the Partnership to EnerVest Natural Resource Fund Ltd. and the dissolution of the Partnership, has now been completed. On the asset sale and subsequent dissolution each limited partner of the Partnership received 1.524 shares of EnerVest Natural Resource Fund Ltd. at a net asset value of $17.65 per mutual fund share, for each unit they held in the Partnership.

EnerVest Natural Resource Fund Ltd. is an open-end mutual fund corporation, specializing in investing in the oil and gas industry and is actively managed by Cypress Capital Management Ltd. The Fund trades under the symbol ENV 040.

Contact Information

  • EnerVest 2003 General Partner Corp.
    David J. Fischer
    Chief Financial Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2003 General Partner Corp.
    J. Ward Mallabone
    Vice President, Law
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2003 General Partner Corp.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2003 General Partner Corp.
    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