Qwest Energy 2007 Flow-Through Limited Partnership

Qwest Energy 2007 Flow-Through Limited Partnership

March 28, 2007 09:30 ET

Qwest Energy 2007 Flow-Through Limited Partnership: Second Closing Announcement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2007) - Qwest Energy is pleased to announce that Qwest Energy 2007 Flow-Through Limited Partnership (the "Partnership") completed its second closing of its public offering of Partnership Units on March 28, 2007. The Partnership issued 103,585 Units for gross proceeds of $2,589,625 bringing the total proceeds from the first two closings to $16,591,450 (663,658 Units issued). The book for the Partnership will be reopened March 29th, 2007, and a third and final closing will occur on April 26, 2007.

Agents for Partnership

Agents for the Offering are Dundee Securities Corporation, CIBC World Markets Inc., RBC Capital Markets, BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, Raymond James Ltd., Wellington West Capital Inc., GMP Securities L.P., Berkshire Securities Inc., HSBC Securities (Canada) Inc., Bieber Securities Inc., Blackmont Capital Inc.

Offering Jurisdictions

The Offering is available in each of the provinces and territories of Canada.

About Qwest Energy

Qwest Energy is an investment management company focused on identifying and delivering investment opportunities in the Canadian natural resource sector, and in particular, the oil and gas industry.

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