EnerVest FTS Limited Partnership 2005

October 27, 2005 13:53 ET

EnerVest FTS Limited Partnership 2005 Announces Flow-Through Share Offering

CALGARY, ALBERTA--(CCNMatthews - Oct. 27, 2005) - EnerVest FTS Limited Partnership 2005 (the "Partnership") has filed a preliminary long form prospectus for its Initial Public Offering. The Partnership is offering Units at a price of $25 per Unit with a minimum subscription of $2,500 (100 Units). The Partnership will raise a maximum of $15,000,000 (600,000 Units) and minimum of $5,000,000 (200,000 Units). The limited partnership Units will be offered for sale to the public in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario.

The proceeds of the offering will be invested in flow-through shares, or flow-through convertible securities, of companies involved in oil and gas exploration and development in Canada. The Partnership's objective is to offer a high quality tax advantaged investment designed to achieve capital appreciation through extensive due diligence and prudent investment in a portfolio of oil and gas companies. The Partnership's investment portfolio will be actively managed by Cypress Capital Management Ltd., an experienced investment manager with a successful track record.

The offering is being conducted by a syndicate of Agents that is led by GMP Securities Ltd.

A copy of the Preliminary Prospectus can be found at www.sedar.com.

The Toronto Stock Exchange has neither approved or disapproved the information contained herein.

Contact Information

  • EnerVest 2005 General Partner Corp.
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2005 General Partner Corp.
    J. Ward Mallabone
    Chief Operating Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2005 General Partner Corp.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    Email: info@enervest.com
    Website: www.enervest.com
    or
    EnerVest 2005 General Partner Corp
    Suite 2800, 700-9th Avenue S.W.
    Calgary, Alberta, T2P 3V4
    or
    GMP Securities Ltd.
    Matt Sobolewski
    Investment Banking
    (403) 543-3030
    or
    GMP Securities Ltd.
    Jo-Anne Stansfield
    Syndication
    (416) 367-8600