Priviti Energy Limited Partnership 2007 announces results of November 7, 2007 closing of private placement



    CALGARY, Nov. 13 /CNW/ - Priviti Energy Limited Partnership 2007
("Priviti Energy 2007") is pleased to announce the first closing of its
brokered private placement which closed on November 7, 2007. The total number
of limited partnership units issued pursuant to this closing was 2,005 at
$5,000 per unit for total gross proceeds of $10,025,000. Combined with the
proceeds from the closing of a non-brokered private placement on October 1,
2007, this brings the total amount raised by Priviti Energy 2007 to
approximately $19 million.
    The proceeds of the private placement will be invested in a diversified
portfolio of private equity in the Canadian energy sector. The investment
focus is to provide liquidity for security holders of private oil and gas and
energy services companies and limited partnerships. In particular, Priviti
Energy 2007 General Partner Corp. (the "General Partner") believes there is an
opportunity to provide a liquidity option at discounted prices to net asset
value at an opportune time in the oil and gas cycle. The General Partner
believes private equity will continue to offer the potential for attractive
long-term returns. It is the objective of Priviti Energy 2007 to achieve
annualized returns in excess of 25%, net of fees and expenses.
    Priviti Energy 2007 anticipates holding a final closing on December 12,
2007. Subscriptions will only be accepted from "accredited investors" (as such
term is defined in National Instrument 45-106 of the Canadian Securities
Administrators entitled "Prospectus and Registration Exemptions") and the
deadline for submissions is December 10, 2007. Wolverton Capital Markets (a
division of Wolverton Securities Ltd.) is the lead Agent for this financing.

    THIS PRESS RELEASE IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING IN ANY
PROVINCE IN CANADA UNLESS A PROSPECTUS RELATING THERETO HAS BEEN ACCEPTED FOR
FILING BY A SECURITIES COMMISSION OR SIMILAR AUTHORITY IN SUCH PROVINCE.
    THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED
STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT
REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT"). THE LIMITED
PARTNERSHIP UNITS OF PRIVITI ENERGY 2007 HAVE NOT BEEN AND WILL NOT BE
REGISTERED UNDER THE U.S. SECURITIES ACT OR ANY STATE SECURITIES LAWS AND,
THEREFORE, MAY NOT BE OFFERED FOR SALE IN THE UNITED STATES, EXCEPT IN
TRANSACTIONS EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT AND
APPLICABLE STATE SECURITIES LAWS.

    This press release contains forward-looking statements including
expectations of future investment returns. These statements are based on
current expectations that involve a number of risks and uncertainties which
could cause actual results to differ from those anticipated. Should any of
these risks or uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary materially
from those described in this press release. Priviti Energy Limited Partnership
2007 and the general partner, Priviti Energy 2007 General Partner Corp.
believe the expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations will prove
to be correct. Such forward-looking statements included in this press release
should not be unduly relied upon. These statements speak only as of the date
of this press release. The forward-looking statements contained in this
newsletter are expressly qualified by this cautionary statement. Priviti
Energy 2007 does not assume any obligation to update these forward-looking
statements, except as required by law.




For further information:

For further information: Priviti Energy 2007 General Partner Corp.: J.
Ward Mallabone - President and CEO or Robert Vargo - Chief Operating Officer,
Suite 220, 101-6th Street S.W., Calgary, Alberta, T2S 5K7, PH: (403) 263-9943,
Email: wmallabone@priviticapital.com or rvargo@priviticapital.com OR Wolverton
Capital Markets (a division of Wolverton Securities Ltd.), Carmen Coccimiglio
- Senior Member, Corporate Finance, 21ST Floor, 355-8th Avenue SW, Calgary,
Alberta, T2P 1C9, PH: (403) 218-0254, Email: carmenc@wolverton.ca

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PRIVITI ENERGY LIMITED PARTNERSHIP 2007

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