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Good man hold tight and don't abandon your post now.............
Salvos making Direct Hits...... just testing the strength for now..
Once we see how they react........... Full Force Fury Unleashed!!!!
We have a Wall Directly ahead of us. Full throttle and Head On!!!!
Don't Fire til you see the Whites of Their Eyes!!!!!!!!!!!!!!!!!!!!
Now watch them Turn Coat and Run.............. Ah hahahahaha!!!!!!!
Yep........... High Double Digit Revenue Growth comine!!!!!!
"READ"
Arête Industries, Inc. Announces Completion of $10 Million Acquisition of Oil and Gas Assets
Tuesday, May 31, 2011
WESTMINSTER, Colorado, May 31, 2011 (Business Wire) Arête Industries, Inc. (OTC-QB: ARET) announced that it has closed a $10 million acquisition to purchase certain oil and gas operating properties in Colorado, Kansas, Wyoming, and Montana. The agreement includes an operating agreement for the continued operations of the properties by the current operator, a company owned by Charles B. Davis, a director of the Company. The properties were purchased from a company owned by Charles B. Davis and its affiliates. The acquisition was effected through payment of $500,000 and a $9.5 million seller-financed promissory note due July 1, 2011. The note is secured by all of the acquired properties. The Company is seeking financing to pay the note.
In connection with of the purchase of the properties the Company had two third independent party engineering reports prepared: a Ryder Scott report on estimated proved reserves on the newly acquired assets and a Sure Engineering report on the value of the proved, probable and possible reserves. The Ryder Scott analysis estimates that the proved wells have a discounted future revenue (at 10% per year) of $12.3 million. The Sure Engineering report estimates that the net present value of the revenues from estimated production of the resources (proved developed producing, proved developed non-producing, proved undeveloped, probable and possible reserves) are $63.9 million (discounted at 10% per year), based on future net revenues of $117.4 million. The independent petroleum engineering reports prepared for the Company were not prepared in accordance with SEC regulations and accordingly no inference should be made that the resource numbers in this press release would equate to those that would be expected if the petroleum engineers had used the SEC guidelines. Primarily, the Ryder Scott report used pricing parameters established by the Company of a range of $55 to $80 per barrel for oil, with escalated prices of 2.0% per year through 2023 for 11 years; natural gas prices were escalated to 2.0% per year beginning in 2015 for 11 years and operating costs were escalated at 2.0% per year. The estimates of the Sure Engineering included proved, probable and possible resources using a constant price of $80 per barrel of oil and natural gas prices from $2.50 to $8.50 per mcf.
Donald Prosser, CEO of Arete Industries stated: “We are pleased to announce the completion of this significant acquisition for Arête Industries. These oil and gas properties have good productivity and we believe they have significant opportunity to drill out the acreage for a relatively small amount of capital outlay. With this acquisition we expect to seek high double-digit revenue growth over the next few years as we execute on a drilling program.”
About the Company
The Company is the operator of a gas gathering system and holds oil and gas properties in the Rocky Mountain Region of the United States. For additional information on the Company visit our website at www.areteindustries.com.
Make sure you are first to receive timely information on Arete Industries when it hits the newswire. Sign up for Arête’s email news alert system today at: http://www.areteindustries.com/alerts.
--------------------------------------------------------------------------------
Statement as to Forward Looking Statements.
Certain statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties not known or disclosed herein that could cause actual results to differ materially from those expressed herein. These statements may include projections and other “forward-looking statements” within the meaning of the federal securities laws. Any such projections or statements reflect Arête’s current views about future events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from those projected. Important factors that could cause the actual results to differ materially from those projected include, without limitation, whether the Company will be able to pay its $9.5 million promissory note due July 1, 2011, the Company’s dependence on its management, the Company’s lack of capital, changes in prices for crude oil and natural gas, the ability of management to execute plans to meet the Company’s goals and other risks inherent in the Company’s businesses that are detailed in the Company’s Securities and Exchange Commission (“SEC”) filings. Readers are encouraged to review these risks in our SEC filings.
For Further Information Contact:
Arête Investor Relations
Gerald Kieft
The WSR Group
772-219-7525
IR@theWSRgroup.com
http://www.WallstreetResources.net/Arete.asp
My eyes are always on it... I'll be watching her for sure. Been bid sitting elsewhere today but maybe have to cancel there and come here. Just haven't made that decision yet.
eni this is fantastically unbelievable.......... the pricing on little nper right now........ All I can say is everyone who can should get as many as they can while the going is good. At least that's how I see it.
eni this is fantastically unbelievable.......... the pricing on little nper right now........ All I can say is everyone who can should get as many as they can while the going is good.
Go eni go............... I see you gettin a few .0251's of our little nper. Excellent buys.........................
About time too. The others got shooken pretty hard the other day and may still get some more shaking too but little nper is always a few days behind the curve. That bid is looking sweet if'in one can get any there???
Shame BAD SHAME............ Blaaaaaaaa.... Waaaaaaaahhhh!
No way.........Jose !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Eagle will land when no one is watching and lay Golden Eggs !!
It is true ABSOLUTELY !
I will not be caught off guard........ I am diligent !
On Duty 24/7 with Choppas in ready for Ops, "Escort Eagle In"
MDMN will FLY up UP and AWAY !
Hahaha................ you know it we need CHOPPA'S!!!!
little nper gonna give up the Gold and Silver to us and we gonna haul it away!!!!!!!!!!!!!!!!!!!!!!!!!!
Weeeeeeeeeeeeeeeeeeeeee go little nper!!!!!!!!!!!!!!!!!!!!!!!!!!
Hahaha FunkycoMedinah... Never give an Inch !
And that's our little nper......... Never gives an Inch !
Goes up in pps and holds, moves up and holds, shes strong and poised for great returns to her shareholders.
This could be the crown jewel of the entire Mountain, one never knows.
Ask now $6.00
Hahaha but you don't do you??? And for an investor to be in denial about the circumstances surrounding any stock as opposed to doing Quality DD and knowing what one owns makes all the difference in the world.
CDCH gonna be Great! Just wait and see!
Excepting that CDCH is not like any other pinkie stock. Those who have done there DD know what the Mountain holds and the great riches within. Once the Mountain is tapped todays market cap will be miniscule compared to what it is going to be. It all will come in time.
LOL, that's why the links attached. Pull it up and read about MDMN/CDCH and such stocks that are being Naked shorted. Not any anonymous poster.............. as I say it may open your eyes some.
Here take some time to educate yourself on MDMN and Naked Shorting in the market place. It will open your eyes. Nothing is better then knowing and learing the facts and truth about things.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63493662
I hope it's Grape........ that's my favorite! Goes down smooth and tastes yummy!
And once the money lands it'll be Kool-Aide 7 days a week!
Hold on tight for when you least expect it Kaboooooooooooooo!!!!!!!
Funny thing was.... the Kool-Aide PRMO served this time had a Weird color to it and tasted Awefully Bitter.... but many drank it anyway? They must of been terribly thirsty is all I can say.
Well looks like today is our lucky day.... No bid on PRMO !
Maybe in 12 to 18 months we can catch another Prmo Promo Pump to .0003/.0004 when Gerald and Dror decide to dump more shares into the market and Steal more money from unsuspecting and innocent investors?
If it's Factual DD it's not Bashing! As I look back it appears there were several parties involved other then the principals of PRMO who must of been hired to help PRMO Steal once again from unsuspecting and innocnet share holders by promoting PRMO just to sell as much of the 20 Billion shares as they could. Dror and Sklar are nothing other then common criminals in my mind.
I think it may be. At 5 minutes til open I see no MMs on bid.
Haha I hope you took Choppa Baby's advice? The little guy knows his stuff and he says MDMN is the "Shizzle Snets" and if this is our week Boy OH BOY it'll be a good one then. Good luck to us safecents.
Hahaha bird is the word and ARET is the world! Good one, I agree.
What does give? I don't know other then ARET gonna be a good one to be in and I think news is coming soon.
Back ground and Experience is what counts. I know some non certified people who I would trust with my health over some certified nut jobs out there and I know some non certified mechanics that know more and are more qaulified then most 3 certified mechanics put together. I can easily see how it would be the same for geologists. Don't let the Red Tape of bureaucracy fool you from spotting and benefiting from true professionals in this world. Not saying certifications don't have there place but they only go so far and mean so much.
Just saying...............................
Hahaha just because he didn't file the paper work or take the test to get qualified doesn't mean he doesn't have as much knowledge or maybe more than most of the people who actually get qualified. So there what do you think of that. The man knows what it is he talks of and for all practical purposes he is Qualified!
He's Golden just like the Mountain!
Geesh........ some people!
little nper looks as good as Solid Gold!
Holding well and Rearing to Run !
Should be interesting when the Deal Breaker hits and the Stallmate Ends !
Good luck.
Other People's Hope revitalizes you? That sounds like a good trait to have with a stock like PRMO.
Wird gut.
Oh they will. Just can't rush those things is all. We'll go way past $10.00 too when the buying does start.
Good news is Good no matter which date it comes, LOL.
In fact the sooner the Gooder!!!!
I'll looking for News next week and the week after and the week after all the way up til June 30th. I feel there is so much Good things to PR from ARET we may have news upon news rolling out. One never knows?
Haven't been there for a while and Duty Free is always good too.
Hmmmmmmm down to 4 MMs on the bid. Can anyone say, " No Bid" is coming soon.
Appears this round of Dilution is coming to an end. Dror must be close to getting the money he was looking for. But don't worry he'll be back to do it again in a year or so. That is one thing you can always count on.
I just hope not too many people got taken this time. Maybe someday there will be a way to put a stop to Criminals like Dror and Gerald?
Alright.... about time too that someone knew what was going on around here???
News June 30th.......... there you have it!
Gonna be good stuff too!!!!!!!!!!!!!!!!!!!!!!!
Go ARET!!!!!
Heyheyhey, ARET's the "WORD", just waiting on news!
Hope it's soon!
Could be. I still think nper is tied somewhat to MDMN and if MDMN jumps is price so will nper. Guess we'll just have to wait and see.
Either way I'm good too. Got plenty of shares but will try and pick up more if it dips.
The MMs just may do that. I know they want to. I think it is all down to time. If no news another dip attempt by the MMs if news hits we will be moving to the next level up.
No money right now eni. So not sitting on bid. But I do feel stongly our cheap shares are drying up. Time to move onward and upward.
It may happen. I hope you get your shares at your price. But I do also know our days are numbered here. Soon we will see these prices no longer and if anyone wants shares they will be paying much more for them.
Tic Toc Tic Toc !