EnerVest FTS Limited Partnership 2009

EnerVest FTS Limited Partnership 2009

January 26, 2010 20:07 ET

EnerVest FTS Limited Partnership 2009 Announces Return of Capital Contribution to CDE Unitholders

CALGARY, ALBERTA--(Marketwire - Jan. 26, 2010) -


EnerVest 2009 General Partner Corp., the general partner of EnerVest FTS Limited Partnership 2009, is announcing that it will be returning capital contributions in the amount of $12.94 per CDE Unit. These funds are being returned to all Unitholders in accordance with the Limited Partnership Agreement dated October 30, 2009. This Agreement states that any available funds that have not been committed to purchase flow-through securities by December 31, 2009 shall be returned to the Unitholders on a pro rata basis, on or before January 31, 2010, together with accrued interest.

These funds will be returned to your account with your financial advisor. We would have preferred to invest one hundred percent of our Unitholders' funds. However, we did not believe the remaining flow-through investments available at the end of 2009 offered sufficient long-term returns, nor did these investments meet our risk tolerance criteria. We believe the alternative of returning excess contributions to our Unitholders is a prudent decision.

For further information please contact your tax professional and the financial advisor who assisted you with your subscription.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect EnerVest Management Ltd. (the "Manager") current expectations 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 Manager 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 Manager 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.

Contact Information

  • EnerVest 2009 General Partner Corp.
    Investor Relations
    (403) 571-5550 or Toll Free: 1-877-434-2796
    EnerVest 2009 General Partner Corp.
    Suite 3900, 350 - 7th Avenue S.W.
    Calgary, Alberta, T2P 3N9