Pursuant to Section 3.3 of the Funds’ limited partnership agreements, the General Partner of the Funds is extending the initial term of the limited partnerships for one year past the initial termination date of June 30, 2011, until June 30, 2012.
The General Partner is proceeding to direct the liquidation of the investment portfolio as per the original mandate of the Funds, with a view to maximizing the return on investment to the limited partners. The General Partner has made the decision to extend the term of the limited partnerships to accommodate the orderly liquidation of the Funds, as the liquidation process will not be completed prior to June 30, 2011. The General Partner’s plan is to monetize the investments in the portfolio as soon as practicable and distribute the net proceeds to unit holders as soon as possible thereafter.
AGS Energy Fund II is managed by CGS Asset Management Ltd.
About CGS Asset Management Ltd.:
CGS is based in
CGS’s focus is on equity, or near equity capital investments in Canadian energy and energy related companies that offer the potential for substantial long term capital appreciation. Investors in CGS managed funds have a unique opportunity to invest alongside skilled technical and operational oil and gas managers. The Company employs experienced oil and gas professionals with executive level experience running private and public companies. Mr. Chow has served as a corporate director in a number of public and private oil and gas corporations and has been employed in the energy industry since the seventies.
CGS Asset Management Ltd. currently manages a number of private equity and flow through funds and a mutual fund, including AGS Energy Fund, L.P., AGS Energy Fund (Parallel) L.P., AGS Energy Fund II, L.P., AGS Energy Fund II (P1), L.P., AGS Energy Fund II (P2), L.P, AGS Energy Fund III, L.P., CGS Resource Fund Ltd., CGS Flow-Through 2010 LP and CGS Flow-Through 2011-1 LP.
For further information, please visit www.cgsam.com or contact:
Clarence Chow
President & CEO
CGS Asset Management Ltd.
Telephone: (403) 571-0692
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