Arete Industries (ARET)

[MrGoldenRooster]

I guess everyone is just going to let The New ARET escape them. Pity. Their loss.

[MrGoldenRooster]

Huge news imminent, as today's volume clearly suggests. Buy 'em!

[Level 4]

Merry Christmas

[rubberworm]

Working Interest

Small exploration companies are known as "independents." Independents may not be able to take on the full financial risk of drilling a well. Instead, working interest in the well will be sold to individual investors or other independents. This allows everyone involved to spread their risk over more wells.

A working interest owner pays a percentage of the costs associated with a well. After royalties are paid, the working interest owner is entitled to his share in production revenues with other working interest owners based on the percentage of working interest owned.

http://harborresourcesllc.com/Book-CH-V.htm

[rocky52]

Google "working interest oil" see legal def. --- {it requires the owner of the leases (Arete) to pay a share of the costs of drilling & costs of production.} imo.. -Share of Revenues is ?? imo. 1.06% share of a $6,000,000 cost of drilling the 1st well, as an example would only be approx $61,000.imo

[rubberworm]

Arete's working interest is a little over 1% on 2 of those wells and even less on the last well. Even if there is over 100mil of oil in the ground for those 3 wells just how much profit could we get for this?

Regards

[MrGoldenRooster]

Three-well agreement....
http://finance.yahoo.com/news/arete-industries-inc-announces-participation-201108781.html

When these come in, there's going to be some serious coin made here.

[manhattan2]

Latest 10Q subsequent events states a well in Kansas recently drilled is a dry hole. We have a 20% working interest.

Arete needs a gusher!

[bigtoe1963]

LMBO 1$ 2$ 4$ 8$ are you serious made money on this a while back don't count your chickens before they hatch only chasing happening here is chasing after the losses you have....

[maddogandglory]

Has Arete ignored the fact that public companies have an obligation to keep investors informed of their activities? Or is it that Arete has had no activities and they are worried about being caught in their scam if they talk at all? Lousy company and terrible investment. Good daily play at under a penny though. MM's and players could make some dough daily most likely at those sub penny prices. Otherwise, this remains dead and a major bore.

[rubberworm]

Yes the little run has slowed and reversed. Less says he was buying. I would guess he reads this board. He made an interesting points regarding Arete Energy and or just maybe a gusher.

Reading Less More and More

[maddogandglory]

Doesnt matter what the 8k said does it. Give "Less" my regards.

[bonehead41]

Why would someone bother painting the tape

[tigre]

2nd Q Filings are available now

[maddogandglory]

Arete say no word ;-(

[tomtom256]

i say no word

[bonehead41]

Let me guess Jim Chincholl

[tomtom256]

i was in that stock for more than 3 years

be careful of what you hear from "Insiders"

i lost all my money in that stock cause i trusted into them and that what they told me

everyone has to do what he thinks - thats no appointment

thomas

[maddogandglory]

Volume, 911 Hahaha...I wonder if this is manipulated at all LOL.

[maddogandglory]

Yeah chicken chaser like ive been trying to catch it for over 10 years lol. Should I back the truck up? Goin to the moon? Rinse and repeat. Pied piper of suckers, not investors so do your thing!

[bonehead41]

Did you replace Jim Chincholl as the promoter ?

[MrGoldenRooster]

That's right, RabiesBoy, here we go.... $1... $2... $4... $8...

The funniest part of all will be watching you chase it as you realise it's getting away and you're not on for the ride... ah, Schadenfreude, nothing quite like it.

[dogface63]

All we need is a new batch of believers.

[maddogandglory]

Hahahaha Here we go....part of the game.

[MrGoldenRooster]

This is going to move up very quickly once the news starts leaking; best buy whatever you want and don't try too much finesse. Hmmmm..... I see a '911' trade, looks like NITE gets to be the one thrown under the bus this time. Should be quite some bus, too.

[Level 4]

Oh good. Things are running smoothly then. If we weren't late something would be wrong.

[dogface63]

Still late on their taxes.
Parcel Number: 42236 ARETE INDUSTRIES
Tax Year:
2012

placeholder


First Half:
Tax Paid

Date Paid
Interest
Tax Due
Prop
$.00 CP#:

$.00
$2,550.45
Special Assessment
$.00 CR#:


$.00
$.00


$.00


$.00
$2,550.45
placeholder




Due Date:
11/10/2012


Second Half:
Tax Paid

Date Paid
Interest
Tax Due
Prop
$.00 CP#:

$.00
$2,550.45
Special Assessment
$.00 CR#:


$.00
$.00


$.00


$.00
$2,550.45
placeholder



Due Date:
5/10/2013


Total Paid
$.00



Total Outstanding
$5,100.90

[maddogandglory]

Yeah I hope so too.

[rubberworm]

If I know that it is junk I should have sold. Could be junk...could be OK. Their earnings are way below what the IR said the where to be in 2013 Yes they failed to get her done. I hope they still have all the PUDs and oil in the ground at least.

[maddogandglory]

Junk, and you know it.

[rubberworm]

http://wsrcommunications.ir.stockpr.com/areteindustries/overview

http://www.wallstreetresources.net/pdf/nl/Current_Newsletter.pdf

[rubberworm]

No no no... common shareholders only get about half the shaft now as I read it. The Preferred fellas coming down to my playing field will take about half of the shaft. It's a damn penny stock. Only about 1 in 100 make it. I'm not jazzed but it is still alive.

[maddogandglory]

Everything that Arete has pr'd and filed in the past said something as well. Where did that get us??? Dont get jazzed over anything this scam puts out. Same thing happens over and over and over. They get the money, shareholders get the shaft!

[rubberworm]

You said..."Well lets just see where that investment goes." Your reply to a deleted post. Just saying so far I'm pleased to see 40 cents. I own shares but have not brought for a long time. I'm what you might call a frying bag holder. The 8K is saying something.

[maddogandglory]

LOL buy and fry!!!

[rubberworm]

Up from 23cents "8K out" now 40cents asking 44. Not bad. Investment doing OK so far.

[maddogandglory]

Well lets just see where that investment goes. I think it will be worth Less.

[maddogandglory]

LOL somebody must know something hahaha. What they dont know is that they lost the suckers. $ 0.35 ?0.10 (40.00%)
Volume: 55,754

[maddogandglory]

The majority of arete investors bought from info found on these boards. They will do it again when the right bs is pumped.

[bonehead41]

Who would buy this garbage stock...? Jim Chincholl and his destroyed any hope for this company.

[maddogandglory]

Looks like that Was another Failed attempt to draw in dough from lazy investors. I wonder when they will hire another pump crew...

[rubberworm]

5.4k buys after 8K

[bonehead41]

Its really not a hard question

[bonehead41]

Level....how about 1.00 or 0.50..what does Jim Chincholl say...

[maddogandglory]

Level whats wrong? You dont want to talk about your $3 target anymore? Looks like time is not on your side. Either are people that lost money here.

[Level 4]

Move to strike--non responsive. Question was about the lawsuit's progress.

[bonehead41]

The company has no assets...Level when will the stock get to 0.50 next time you talk to Chincholl ask him

[maddogandglory]

Hey Level when do you think this will hit $3 again?

[Level 4]

How's that lawsuit of yours coming along?

[bonehead41]

Jim Chincholl laughed all the way to the bank...His day will come thats a promise