Arete Industries (ARET)

[poltava]

possibilities regarding price/boe, in general, look good to me; however, in the context of this deal our challenge (as i see it) will be to estimate the NRI --- WI and/or ORRI, if any --- to be acquired by arete; alternatively, what will be retained by the sellers after the closing? without such info, making meaningful estimates will be more challenging. the web current site gives an NPV but, as we are all aware, that is based on the previous commodity estimates (2009?) and there has been (significant?) depletion since then ... almost two years ago; further, the new "numbers" which most likely will be used in any forthcoming deal will be based on a new audit ... conducted by a different technical company. certainly, other factors will also come into play. hmmmm...