Replies to post #7588 on Arete Industries (ARET)

[Oilbull]

Well,if you look at just one township that Dnr has out of 24 townships you can get a idea of what it is worth.This is just one township.Gas @ Oil Sales...

49-001-05092
UNION PACIFIC 3-23
SE SW Section 23 Township 16 North Range 77 West
2010 MUDDY
Month Oil Production
Bbls Oil Sales
Bbls Gas Produced
Mcf Gas Sales
Mcf Water
Bbls Posted
Jan 112 240 0 0 6 03/18/2010
Feb 78 0 0 0 6 04/15/2010
Mar 60 0 0 0 6 05/11/2010
Apr 119 234 0 0 6 06/15/2010
May 123 0 0 0 6 07/13/2010
Jun 113 230 0 0 6 07/29/2010
Jul 90 0 0 0 6 08/30/2010
Aug 133 234 0 0 6 09/24/2010
Sep 108 0 0 0 6 10/21/2010
Oct 107 235 0 0 6 11/29/2010
Nov 98 0 0 0 6 12/27/2010
Dec 0 0 0 0 0 No Report
Total 1141 1173 0 0 66


49-001-05081
COUGHLIN GOVT 1
NE NW Section 26 Township 16 North Range 77 West
2010 MUDDY
Month Oil Production
Bbls Oil Sales
Bbls Gas Produced
Mcf Gas Sales
Mcf Water
Bbls Posted
Jan 13 101 0 0 111 03/18/2010
Feb 13 0 0 0 182 04/15/2010
Mar 15 0 0 0 202 05/11/2010
Apr 16 0 0 0 195 06/15/2010
May 11 0 0 0 202 07/13/2010
Jun 85 105 0 0 176 07/29/2010
Jul 69 105 0 0 202 08/30/2010
Aug 61 0 0 0 202 09/24/2010
Sep 31 100 0 0 189 10/21/2010
Oct 18 0 0 0 202 11/29/2010
Nov 59 0 0 0 195 12/27/2010
Dec 0 0 0 0 0 No Report
Total 391 411 0 0 2058


49-001-05082
COUGHLIN 7-26
SW NW Section 26 Township 16 North Range 77 West
2010 MUDDY
Month Oil Production
Bbls Oil Sales
Bbls Gas Produced
Mcf Gas Sales
Mcf Water
Bbls Posted
Jan 3 23 0 0 340 03/18/2010
Feb 3 0 0 0 560 04/15/2010
Mar 3 0 0 0 620 05/11/2010
Apr 4 0 0 0 600 06/15/2010
May 3 0 0 0 620 07/13/2010
Jun 19 24 0 0 540 07/29/2010
Jul 16 24 0 0 620 08/30/2010
Aug 14 0 0 0 620 09/24/2010
Sep 7 23 0 0 580 10/21/2010
Oct 4 0 0 0 620 11/29/2010
Nov 13 0 0 0 600 12/27/2010
Dec 0 0 0 0 0 No Report
Total 89 94 0 0 6320


49-001-05085
COUGHLIN 6-26
NW NW Section 26 Township 16 North Range 77 West
2010 MUDDY
Month Oil Production
Bbls Oil Sales
Bbls Gas Produced
Mcf Gas Sales
Mcf Water
Bbls Posted
Jan 3 23 0 0 17 03/18/2010
Feb 3 0 0 0 28 04/15/2010
Mar 3 0 0 0 31 05/11/2010
Apr 4 0 0 0 30 06/15/2010
May 3 0 0 0 31 07/13/2010
Jun 19 24 0 0 27 07/29/2010
Jul 16 24 0 0 31 08/30/2010
Aug 14 0 0 0 31 09/24/2010
Sep 7 23 0 0 29 10/21/2010
Oct 4 0 0 0 31 11/29/2010
Nov 13 0 0 0 30 12/27/2010
Dec 0 0 0 0 0 No Report
Total 89 94 0 0 316


49-001-20093
COUGHLIN 14
NE NW Section 26 Township 16 North Range 77 West
2010 MUDDY
Month Oil Production
Bbls Oil Sales
Bbls Gas Produced
Mcf Gas Sales
Mcf Water
Bbls Posted
Jan 10 81 0 0 383 03/18/2010
Feb 10 0 0 0 630 04/15/2010
Mar 12 0 0 0 698 05/11/2010
Apr 13 0 0 0 675 06/15/2010
May 9 0 0 0 698 07/13/2010
Jun 68 84 0 0 608 07/29/2010
Jul 55 84 0 0 698 08/30/2010
Aug 49 0 0 0 698 09/24/2010
Sep 25 80 0 0 653 10/21/2010
Oct 14 0 0 0 698 11/29/2010
Nov 47 0 0 0 675 12/27/2010
Dec 0 0 0 0 0 No Report
Total 312 329 0 0 7114



49-001-20102
COUGHLIN 13
NW NW Section 26 Township 16 North Range 77 West
2010 SHANNON
Month Oil Production
Bbls Oil Sales
Bbls Gas Produced
Mcf Gas Sales
Mcf Water
Bbls Posted
Jan 0 0 165 0 0 03/18/2010
Feb 0 0 131 67 0 04/15/2010
Mar 0 0 147 0 0 05/11/2010
Apr 0 0 152 0 0 06/15/2010
May 0 0 124 0 0 07/13/2010
Jun 0 0 245 0 0 07/29/2010
Jul 0 0 274 0 0 08/30/2010
Aug 0 0 276 0 0 09/24/2010
Sep 0 0 241 0 0 10/21/2010
Oct 0 0 444 0 0 11/29/2010
Nov 0 0 223 0 0 12/27/2010
Dec 0 0 0 0 0 No Report
Total 0 0 2422 67 0


49-001-05079
UNION PACIFIC 1-27
SE NE Section 27 Township 16 North Range 77 West
2010 MUDDY
Month Oil Production
Bbls Oil Sales
Bbls Gas Produced
Mcf Gas Sales
Mcf Water
Bbls Posted
Jan 0 0 0 0 0 03/18/2010
Feb 0 0 0 0 0 04/15/2010
Mar 0 0 0 0 0 05/11/2010
Apr 0 0 0 0 0 06/15/2010
May 0 0 0 0 0 07/13/2010
Jun 175 244 0 0 932 07/29/2010
Jul 160 235 0 0 1070 08/30/2010
Aug 135 0 0 0 1070 09/24/2010
Sep 135 239 0 0 1035 10/21/2010
Oct 139 0 0 0 1070 11/29/2010
Nov 136 236 0 0 1035 12/27/2010
Dec 0 0 0 0 0 No Report
Total 880 954 0 0 6212

[Oilbull]

I have done calculations on sales in the past year,Based on conservative figures of 50$ Oil and 4$ Nat gas.With the shares outstanding now on ARET 493 Million,gives a earning per share of 2.3 cents per share in earnings.Times that by Oil industry average of 12 times earnings.Not hard to figure out.:)

Oilbull