EnerVest FTS Limited Partnership 2007

EnerVest FTS Limited Partnership 2007

January 02, 2007 09:30 ET

EnerVest FTS Limited Partnership 2007 Announces Flow-Through Offering

CALGARY, ALBERTA--(CCNMatthews - Jan. 2, 2007) -

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

EnerVest FTS Limited Partnership 2007 (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 $5,000 (200 Units). The Partnership looks to raise a maximum of $60,000,000 (2,400,000 Units) and minimum of $20,000,000 (800,000 Units). The limited partnership Units will be offered for sale to the public in each of the provinces of Canada.

The proceeds of the offering will be invested in flow-through shares of resource companies involved in oil and gas and mineral exploration, development and/or production in Canada or certain energy production that may incur Canadian renewable and conservation expense. The Partnership's investment objective is to provide Limited Partners with a tax-assisted investment in a diversified portfolio of equity securities of resource companies with a view to achieving capital appreciation for Limited Partners. 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 CIBC World Markets Inc., BMO Capital Markets, GMP Securities L.P., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Acumen Capital Finance Partners Limited, Blackmont Capital Inc., Tristone Capital Inc. and Berkshire Securities Inc.

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

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

Contact Information

  • EnerVest 2007 General Partner Corp.
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2007 General Partner Corp.
    J. Ward Mallabone
    Chief Operating Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2007 General Partner Corp.
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2007 General Partner Corp.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest 2007 General Partner Corp.
    Suite 2800, 700-9th Avenue S.W.
    Calgary, Alberta T2P 3V4
    Email: info@enervest.com
    Website: www.enervest.com