Portfolio Holdings

As of May 31, 2009 (Unaudited & Unreconciled)

EnerVest FTS 2007-II

Security Number of Shares
Artek Exploration Ltd. - Private 13,800
Athabasca Oil Sands 35,000
Breaker Energy Ltd. 10,000
Earthfirst Canada Inc. 193,000
Erdene Resources Development Corp. 175,000
Excelsior Energy Ltd. 307,500
Exshaw Oil Corp. - Private 75,000
Fortress Energy Inc. 163,000
Fronteer Development Group Inc. 10,312
Great Plains Exploration Inc. 585,000
Huron Energy Corp. - Private 100,000
Northern Freegold Resources Ltd. 170,000
Oilsands Quest Inc. 65,000
Open Range Energy Corp. 70,000
OPTI Canada Inc. 21,500
Salvo Energy Corporation 225,807
Southern Pacific Resources Corp. 222,500
UTS Energy Corporation 30,000
Yoho Resources Inc. 130,000
  Net Asset Value Per Unit: $5.79