Arete Industries (ARET)

[Oilbull]

Cement running shoes,pre made or right on the bridge..

Dog I will take 70 to 80 $$ oil.

The wells being offered by DNR & Tindall total 243 wells, including 46 operating wells (PDP) and 197 PUDS (PUD), with a discounted reserve value of the proven & developed, and the proven & undeveloped of $38,000,000. The reserve value assumes a 15% discount and uses $42 per barrel oil and $5 per Mcf gas. The current operating wells at today's oil and gas prices will generate net working interest revenues of approximately $3,635,000 a year or monthly net working interest revenue of $303,000, all based on oil at $42 per barrel and gas at $5 per Mcf. Arete purchased the TOP Gathering System located in Campbell County, Wyoming in September of 2006.