EnerVest FTS Limited Partnership 2007

EnerVest FTS Limited Partnership 2007

July 08, 2009 16:30 ET

EnerVest FTS Limited Partnership 2007 Announces Sale of Assets and Dissolution

CALGARY, ALBERTA--(Marketwire - July 8, 2009) -


EnerVest FTS Limited Partnership 2007 (the "Partnership") announces that effective June 30, 2009 the sale of all of the assets of the Partnership to EnerVest Natural Resource Fund Ltd. has been completed. When the asset sale and subsequent dissolution of the Partnership have been completed each limited partner of the Partnership will receive 1.1689169678 shares of EnerVest Natural Resource Fund Ltd. at a net asset value of $7.0531 per mutual fund share, for each unit 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 code for EnerVest Natural Resource Fund Ltd. is ENV 040.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect current expectations of EnerVest Management Ltd.'s (the "Administrator") and its affiliates regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Administrator believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Administrator undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

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

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