Flow-Through FundsHistorical

Tax - Issue Costs

Flow Through Share Limited Partnerships – Tax Deductible Issue Costs

Limited Partners (L.P.) of record at the date of dissolution of a particular flow through limited partnership are entitled to claim a deduction on their income tax returns in respect of the unamortized balance of issue costs incurred by the partnership. For each of the EnerVest flow through limited partnerships, we have listed below the amount of such tax deductions and the relevant tax year. We have listed the 2004 FTS LP for information purposes; but there are no deductions available for 2009.

For example, to determine the total deduction available to you in 2009, multiply the deduction per unit amount outlined below for 2009 by the number of corresponding partnership units you owned immediately before the dissolution of the relevant flow through limited partnership. So if you owned 10 units of 2007 FTS LP your deduction would be 10 x $0.55842 or $5.58. In the year of dissolution of the LP this deduction would be in addition to amounts allocated to you on your tax form T5013A for that year.

Investors should report the total amount available for deduction on line 232 – “other deductions”, on page 3 of the T1 General Income Tax and Benefit Return.

For Quebec residents only, you should report the total amount available for deduction on line 250 – “other deductions” on page 2 of the Quebec Income Tax Return.

If you have any further questions please do not hesitate to contact Investor Relations at 1-877-434-2796. Please note that we are not able to provide tax advice and investors should consult their own professional advisors for questions regarding their own particular circumstances.

FTS LP

• 2009 CDE

  Taxation Year	Deduction per Unit
  2010	$0.64109
  2011	$0.64109
  2012	$0.64109
  2013	$0.64109
  2014	$0.47047

• 2009 CEE

  Taxation Year	Deduction per Unit
  2010	$0.64109
  2011	$0.64109
  2012	$0.64109
  2013	$0.64109
  2014	$0.47047

   

• 2008

  Taxation Year	Deduction per Unit
  2010	$0.43546
  2011	$0.43546
  2012	$0.43546
  2013	$0.16962

   

• 2007 II

  Taxation Year	Deduction per Unit
  2009	$0.47989
  2010	$0.47989
  2011	$0.47989
  2012	$0.46582
  2013	$0.02195

   

• 2007

  Taxation Year	Deduction per Unit
  2009	$0.55842
  2010	$0.55842
  2011	$0.55842
  2012	$0.38687
  2013	$0.20343

   

• 2006 II

  Taxation Year	Deduction per Unit
  2008	$0.25084
  2009	$0.37472
  2010	$0.37472
  2011	$0.36864

   

• 2006

  Taxation Year	Deduction per Unit
  2008	$0.22777
  2009	$0.34026
  2010	$0.34026
  2011	$0.34026
  2012	$0.27639

   

• 2005

  Taxation Year	Deduction per Unit
  2007	$0.10961
  2008	$0.34789
  2009	$0.34789
  2010	$0.34789
  2011	$0.15930

   

• 2004

  Taxation Year	Deduction per Unit
  2006	$0.27062
  2007	$0.35788
  2008	$0.37251
  2009	$0.00101