Swan Hills Energy Limited Partnership Reviewing Strategic Alternatives



    /NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES
    NEWSWIRE SERVICES/

    CALGARY, April 20 /CNW/ - Swan Hills Energy Limited Partnership (the
"Partnership") (TSXV - SWE.UN) announced today that the Board of Directors of
its general partner, Swan Hills Energy Ltd., has initiated a formal process to
review strategic alternatives for the Partnership in an effort to enhance
unitholder value. No assurances can be provided that this process will result
in any specific action being taken by the Partnership. Jennings Capital Inc.
has been engaged by the Board of Directors as its independent financial
advisor to advise and assist in this process.
    The Partnership is a limited partnership that holds a 0.3932% working
interest in the Swan Hills Unit No. 1 located in the Swan Hills area of
north-central Alberta as well as associated facilities and minor up-hole,
non-unitized rights.

    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein.





For further information:

For further information: D. Alan Ross, President, Swan Hills Energy
Ltd., Telephone (403) 294-6889, Fax (403) 294-0105, Email aross@matcocap.com;
J. Douglas Foster, Director, Swan Hills Energy Ltd., Telephone (403) 298-3213,
Fax (403) 265-7219, E-mail fosterd@bennettjones.ca; Jennings Capital Inc.,
2600, 520 - 5 Avenue SW, Calgary, AB, T2P 3R7, Telephone (403) 292-0970, Fax
(403) 292-0979; David G. McGorman, E-mail -
david.mcgorman@jenningscapital.com; or Michael Schumlich, E-mail -
michael.schumlich@jenningscapital.com

Organization Profile

SWAN HILLS ENERGY LIMITED PARTNERSHIP

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