EnerVest FTS Limited Partnership 2007

EnerVest FTS Limited Partnership 2007

July 07, 2008 16:25 ET

EnerVest FTS Limited Partnership 2007: News Release

CALGARY, ALBERTA--(Marketwire - July 7, 2008) -

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

EnerVest 2007 General Partner Corp. (the "General Partner"), the general partner of EnerVest FTS Limited Partnership 2007 ("EnerVest"), announces that Canoe Financial LP ("Canoe") has completed its previously announced acquisition of EnerVest Limited Partnership.

Cypress Capital Management Ltd. ("Cypress"), the Investment Manager of EnerVest, and management and staff of the General Partner will remain in their current roles. This transaction will have no impact on the investment management agreement between the General Partner and Cypress. The members of the Independent Review Committee have also been reappointed as per National Instrument 81-107.

Canoe is pleased to announce the appointment of the following individuals to the board of the General Partner:

M. Bruce Chernoff, Director

Professional Engineer; Chairman of Harvest Energy Trust; President and Director of Caribou Capital Corp. (a private investment management company) since June 1999.

David J. Rain, Director

Chartered Accountant; Vice President and Director of Caribou Capital Corp. since June 1999; Vice President, Chief Financial Officer of Harvest Energy Trust from July 2004 to February 2006 and Corporate Secretary since July 2002.

Craig Spurn, Director

Barrister and Solicitor; Partner of Blake, Cassels & Graydon LLP, Calgary, Alberta (a law firm).

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
    or
    EnerVest 2007 General Partner Corp.
    Sean J. H. Morgan
    Chief Financial Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2007 General Partner Corp.
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2007 General Partner Corp.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest 2007 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