Arete Industries, Inc. Forges New Energy Alliances Targeting Known, Under-exploited Oil and Gas Reserves in Excess of One Billion Dollars Using Proprietary Data and Technology
Monday November 24, 6:31 am ET
NIWOT, Colo.--(BUSINESS WIRE)--Nov. 24, 2003--Arete Industries, Inc. (OTCBB:ARET - News) announced allied efforts from groups based in California, Colorado, New York, Utah and Texas to jointly finance and develop major under-utilized prospects, using proprietary technologies focused on modern GPS, logging, and advanced techniques for extraction of known overlooked, by-passed and abandoned energy reserves of in excess of $1 Billion.
Arete's proposed alliance brings together energy professionals with many years of expertise, combined with financing specialists, in order to further the master plan. Ultimately, Arete expects this and future alliances to provide the planned Master Fund with enough diversified opportunities to provide significant security and return on investment for the prospective fund investor.
Thomas Raabe, Arete CEO, stated, "We expect the first and second quarters of 2004 to provide our shareholders and future fund investors with enormous opportunities in the energy sector. We have invested time in identifying development projects, which we may seize for the benefit of our present and future investors. Our team continues to grow and with it our ability to more efficiently evaluate and pursue the best opportunities."
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. Such risks include the fact that the prospects being developed by the Company are not yet secured with contracts, nor have binding commitments for financing been obtained, and that the Company will likely compete with other investors for acquisitions or investments in viable projects that are more established and have far greater resources than the Company, and therefore no assurances can be made that the Company will be successful in obtaining financing nor in being the successful bidder for participation in the better opportunities.
--------------------------------------------------------------------------------
Contact:
For Arete Industries, Inc., Niwot
James F. Chincholl, 720-842-1226
Fax: 720-842-1257
Email: jchincholl@aol.com
or
Thomas P. Raabe, 303-652-3113
Fax: 303-652-1488
Email: ir@areteindustries.com
--------------------------------------------------------------------------------
Source: Arete Industries, Inc.
[This message has been edited by KostaVan (edited January 15, 2004).]
Long term strong buy! imo
Do your dd!!!!!!!!!!!!!
Needs to close above the resistance point of .03 to .035.
daclyyay[db][pd20,2!c4,9][vc60][iLg!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=ARET,uu[m,a]daclyyay[ db][pd20,2!c4,9][vc60][iLg!La12,26,9]&pref=G
[This message has been edited by PSU90 (edited January 15, 2004).]
------------------
DaDog
- Joe -
Some dd about aret:
http://www.areteindustries.com
Welcome to Arête Industries, Inc.
Arête Industries is a public business development company, trading under the symbol OTC:BB "ARET" that is actively seeking investments in high-growth opportunities. The Company focuses on businesses that can benefit by working with a publicly traded company that serves as a funding source and can provide them with a public exit strategy.
The Company's management team has both experience in the Energy and Mining Industry and expertise in securities law compliance, corporate governance, capital formation, and mergers and acquisitions.
Arête looks to build a portfolio of investments to take public through a carefully managed and orchestrated process that we see as clearly superior to going public through a traditional IPO, or a reverse merger into a public "shell" company.
We at Arête welcome you to our corporate information website. In this site you will find information for investors, prospective clients and information about our partners and affiliates as well as our portfolio companies. Coming soon, we will have an exclusive shareholder area, that will allow registered shareholders and investors access to a message board and to be kept informed with up to date financial information and business developments as they happen.
For a basic introduction to the Company and what we do go to:
About Arete
For those of you looking for our investor information including corporate financial reports, SEC Filings, and press releases please go to: Arete Corporate News
If you are interested in applying for assistance and to join the Arete Portfolio and its Spin=off Dividend Program, please contact us directly at info@areteindustries.com or go to contact us.
As a new feature, we are profiled on the Mac Report, an independent service for small cap companies. To be taken to this site to read a brief outline and hear an audio summary by our CEO, Thomas P. Raabe, click here
http://www.macreport.net/ceo_int/ceoint_asp.asp?symbol=ARET
Do your dd!!
- Joe -
- Joe -
Going to be a great year!
Joe
Strong buy! imo
-joe-
This should be a nice runner next week. I'm in for 30K shares myself. Dumped my ISYN to get in here. (Now ISYN will probably run like I expected yesterday!).
- Joe -
- Joe -
dd on aret is a must.
- Joe -
Btw joe. Its tuesday markets are closed monday
altho i cant wait for tuesday.
Company will pursue net revenue interests and overriding royalties to fund energy projects
NIWOT, Colo., Nov 17, 2003 (BUSINESS WIRE) -- Arete Industries, Inc. (OTCBB:ARET) announced that it contemplates the finalizing of negotiations on significant "first look" deals, which will provide the corporation, its shareholders, and affiliated investors the opportunity to partake in unusually low risk coupled with high profit plays in the energy sector, focusing primarily on gas wells, but will include similar oil plays. The Company will take advantage of its publicly traded status to earn net revenue and/or overriding royalty positions in energy production opportunities focused on in-field development, shut-in and reworking projects for oil and gas wells in proven fields.
Arete CEO, Thomas Raabe announced, "We are aggressively continuing to develop opportunities and to seek revenue and profit for the company and its investors. We are going to directly participate in worthwhile prospects and have identified tremendous opportunities. While our Public Energy Master Fund is being developed, we will move forward to directly join strategic partners in the energy sector for discrete project financing, both in by-passed and overlooked oil and gas prospects and in the new technologies in the 'New Energy' arena."
"Our affiliates have already created significant domestic and international revenue opportunities and we believe that we will soon be able to announce the finalization of our participation in several projects, including alternative and renewable electric power generation facilities. These projects are both domestic and international," said Raabe.
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. Such risks include the fact that the proposed Master Public Energy Fund is in its development stage and significant funding is not yet assured, and that the Company will likely compete with other investors for acquisitions or investments in viable projects that are more established and have far greater resources than the Company, and therefore no assurances can be made that the Company will be successful in obtaining financing nor in being the successful bidder for participation in the better opportunities.
SOURCE: Arete Industries, Inc.
CONTACT: Arete Industries, Inc.
James F. Chincholl, 720-842-1226
Fax: 720-842-1257
jchincholl@aol.com
or
Thomas P. Raabe, 303-652-3113
Fax: 303-652-1488
ir@areteindustries.com
NIWOT, Colo., Nov 10, 2003 (BUSINESS WIRE) -- Arete Industries, Inc. (OTCBB:ARET) announced the development of a $1,000,000,000 Master Energy Fund to be developed in $100,000,000 Closed-Fund increments to focus on both low-risk, undeveloped oil and gas projects and aggressive municipal renewable energy projects.
Thomas P. Raabe, Company CEO announced, "We have finalized the negotiations to fund the expenses of attorneys and CPA's in developing our funding documents and expect to be able to begin taking interests in potentially high-revenue producing deals by the first quarter of 2004 and have capped our 'Fund-of-Funds' at the $1,000,000,000 level. We expect to soon be able to announce more details about the complete structure of our Master Energy Fund."
"We have targeted stripper wells, shut-in production, capped wells, new in-field development wells, and under-exploited properties as our opportunity to become the next major independent oil and gas producer, while implementing strong conservational policies in our oil and gas production. We look to the future and see renewable energy as the key and we are aggressively going to partner in the conversion of waste into energy, especially LNG (liquefied natural gas)," continued Raabe.
"We expect to be able to announce more than one 'first-look' deals with domestic and international energy companies who share similar philosophies and believe that our upcoming funding structure will be beneficial to their interests as well," Raabe concluded.
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. Such risks include the fact that the proposed fund or family of funds requires substantial legal and accounting work, including preparation of projections and other disclosures in offering documents, submittal and approval of such documents by governmental authorities prior to marketing, following which significant marketing efforts must be undertaken to sell the funds, none of which is assured.
SOURCE: Arete Industries, Inc.
CONTACT: For Arete Industries, Inc., Niwot
James F. Chincholl, 720-842-1226
Fax: 720-842-1257
Email: jchincholl@aol.com
or
Thomas P. Raabe, 303-652-3113
Fax: 303-652-1488
Email: ir@areteindustries.com
NIWOT, Colo., Nov 6, 2003 (BUSINESS WIRE) -- Arete Industries, Inc. (OTCBB:ARET) announced its plans to join the Social Investment Forum, located in Washington, D.C., as a corporate member, focusing on alternate and renewable energies. As part of its program to expand its presence in the field of the "New Energies," Arete Industries will join other corporations, along with broker dealers, financial planners and registered investment advisors, to better enable the socially responsible investment community to see the workings of corporations, such as itself, developing renewable and alternative energy programs.
Arete CEO, Thomas P. Raabe stated, "We at Arete Industries find it critical that the socially responsible investment community become aware of companies such as ourselves who are attempting to present alternative and renewable energy programs to the public investment sector. We are one of the limited number of publicly traded companies that place a major element of our focus on the 'New Energies.'"
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. Such risks include the likelihood that the Company would encounter substantial difficulty competing for limited business opportunities or limited capital investment for projects in its chosen arena, without raising significant amounts of working capital and attracting human capital to carry out its objectives.
SOURCE: Arete Industries, Inc.
CONTACT: Arete Industries, Inc.
Thomas P. Raabe, 303-652-3113
ir@areteindustries.com
or
James F. Chincholl, 720-842-1226
jchincholl@aol.com
Share Statistics
Average Volume (3 month):1,831,681
Average Volume (10 day):1,421,000
Shares Outstanding:73.09M
Float:43.70M
% Held by Insiders:40.21%
[This message has been edited by PSU90 (edited January 17, 2004).]
Cold Blast Boosts Utilities, Other Impact Muted
Sat Jan 17, 8:42 AM ET Add U.S. National - Reuters to My Yahoo!
By Deepa Babington
NEW YORK (Reuters) - The arctic blast sweeping through the U.S. Northeast is providing a boost to energy companies as consumers crank up the heat, but it may have only a muted effect on energy producers and refiners, analysts say.
The sudden cold snap in recent days, with icy winds and freezing temperatures from New York to Maine, has disrupted daily life, canceling flights and closing public schools. In New York's Central Park, the temperature overnight fell to 1 degree Fahrenheit (minus 17 C), matching a record low set in 1893 and causing parts of the Hudson River to freeze over.
For corporate America, much of the impact on business will depend on how long the bitter cold lasts, analysts say.
Power companies, some of which have already announced record usage of gas and electricity in regions they serve, are expected to reap the biggest benefits from the cold spell.
New York power company Consolidated Edison Inc. said electricity use on Thursday shattered the previous weekday winter record set last year as customers turned up their thermostats and electric heaters.
KeySpan Corp., the largest distributor of natural gas in the U.S. Northeast, said on Friday it had broken several records this week for gas supply in the Long Island and New England areas. It said the cold snap had prompted Long Island customers to use about 63 percent more natural gas than normal at this time of the year.
However, whether the higher usage translates into materially higher profits will depend largely on how long the cold snap lasts, said Sanford Bernstein utilities analyst Eric Selmon.
"Right now it means little unless it can last for longer," Selmon said. "But having a cold winter can help. It definitely helped last year."
Utilities that have only a limited supply of power available in certain regions, and must buy power at higher prices to meet demand, could end up being hurt, he said.
MUTED EFFECT ON SOME
Energy producers and refiners may see less of a boost from the cold weather since heating oil forms a smaller part of the overall refinery business than gasoline, said Jacques Rousseau, a Friedman Billings Ramsey & Co. oil and gas analyst. The Northeast is the biggest consumer of heating oil in the United States, while gasoline usage tends to dip in chilly weather since fewer people choose to travel.
"So while we'll see some upside in heating oil consumption, some of that will be negated by lower gasoline consumption." Rousseau said. "If you're an investor, don't take two days and run with it."
One company expected to benefit from higher heating oil demand is Sunoco Inc., an independent refiner concentrated in the Northeast, whose earnings in the past have swung sharply because of the weather.
Other beneficiaries of the cold weather include snowmobile makers like Polaris Industries Inc., which is welcoming the recent snowfall after below-normal accumulation in four of the past five winters, which has wreaked havoc with sales.
This year, Polaris hopes the heavier snowfalls across northern parts of the country will encourage dealers to restock with new models. Rival Arctic Cat Inc. is so far expecting flat snowmobile sales, noting that the snow melted quickly in the Northeast, with the Midwest seeing just a few more flakes than last year and the West having the best snowfall.
"We're certainly upbeat up about the snow, wherever it flies," said Polaris spokesman Richard Edwards.
(Additional reporting by Robert Gibbons, Joe Giannone, Michael Flaherty and Susan Kelly)
Looks good for aret for the next 6 months. imo
- Joe -
PSU
quote:
Originally posted by Chicago_joe:
Just out of curiosity, I looked into ARET. Studied it for awhile and guess what. The most profitable time to invest is.......I will let you know tommorrow the answer. This is no joke either. Just differnet types of DD that can be done.
Cj
US Oil, Gas Futures Rise on Supply Fears
Tuesday January 20, 2:29 am ET
SINGAPORE (Reuters) - U.S. crude prices made fresh gains on Tuesday, rallying to a 10-month high and natural gas jumped four percent as freezing temperatures and wafer-thin fuel stocks in the United States stoked fears of a supply crunch.
Search. Compare. Save.
A huge blast at Algeria's key Skikda refinery and liquefied natural gas (LNG) plant added to supply concerns as the nearby port is the country's largest and handles the bulk of its crude, oil product and petrochemical exports.
U.S. light crude futures for February delivery touched an early peak at $35.54 a barrel, the highest level since the U.S. invasion of Iraq in March. The February contract will expire at the end of business on Tuesday.
At 1:27 a.m. EST, U.S. crude stood at $35.48 a barrel, up 41 cents from Friday's close. U.S. markets were closed on Monday for a public holiday.
London's Brent crude futures rose 33 cents to $30.90 a barrel.
"Prices have got to be getting toward the top end of the range and we must be getting to the point where some consuming countries will be experiencing some distress," said David Thurtell, commodities strategist at Commonwealth Bank of Australia in Sydney.
Thurtell said a recovery in the value of the U.S. dollar, the currency of international oil trade, would also add to consumers' woes. The biggest mover has been the euro/dollar rate
The euro, which has risen 13 percent since November and 25 percent since the start of 2003, has fallen four percent in the past week.
Ministers of the Organization of the Petroleum Exporting Countries, which controls half of world crude exports, have cited a decline in their dollar oil revenues as one reason for sustaining high oil prices.
U.S. crude prices have shot up about $7 a barrel, or 25 percent, since late September when OPEC (News - Websites) agreed to cut official output limits by 900,000 barrels per day.
Since then, demand has risen with the onset of the northern hemisphere winter and U.S. fuel inventories have fallen to the lowest levels since the mid-1970s.
OVERHANG FEARS
A senior adviser to Saudi oil minister Ali al-Naimi said on Monday it was too early to predict what action OPEC would take when it reviewed production policy on February 10 in Algiers. Saudi Arabia is the world's biggers oil exporter and the most influential member of OPEC.
OPEC is worried that a big overhang of oil will trigger a collapse in prices in the second quarter when demand normally tails off at the end of winter. It is already pumping about its official limit of 24.5 million bpd, which excludes Iraq output.
The International Energy Agency, the energy watchdog for 26 rich nations, last week forecast a huge rise in second-quarter oil stocks if OPEC did not cut supplies from December levels, estimated at 29.95 million bpd including Iraq, which it put at 1.96 million bpd.
Algerian Oil Minister Chakib Khelil said there was general agreement within the group that demand was expected to fall by 2.5 million bpd in the second quarter.
"That's why it is difficult to say now that prices are high because they risk dropping very rapidly during the second quarter if nothing is done to the level of global production," Khelil told state radio.
Khelil's comments came before news that a big explosion had rocked the Skikda oil and gas plant killing 13 and injuring at least 74 people.
Algeria is a big LNG exporter mainly to Europe and the United States. Khelil said Skikda's three LNG plants would have to be rebuilt entirely.
U.S. natural gas futures traded 4.07 percent higher at $6.182 per million British thermal units.
Now .032 x .033
Volume starting to pick up.
quote:
Originally posted by JoeMillion:
ARET Ask .034 x vs Bid .031
[This message has been edited by GatorMan (edited January 20, 2004).]
quote:
Originally posted by JoeMillion:
I believe ARET can go much higher. This is an oil play. imo - Joe -
US Oil, Gas Futures Rise on Supply Fears
Tuesday January 20, 2:29 am ET
SINGAPORE (Reuters) - U.S. crude prices made fresh gains on Tuesday, rallying to a 10-month high and natural gas jumped four percent as freezing temperatures and wafer-thin fuel stocks in the United States stoked fears of a supply crunch.
Oil Tops $36 in U.S. on Cold, Algeria Blast
1 hour, 1 minute ago Add Business - Reuters to My Yahoo!
NEW YORK (Reuters) - U.S. oil prices hit new 10-month highs on Tuesday as a huge blast at a liquefied natural gas (LNG) plant in Algeria added to concerns about wafer-thin U.S. oil supplies being tested amid bitter winter cold.
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The explosion in Algeria -- the world's second largest LNG exporter -- closed the OPEC (news - web sites) member's largest refinery and main oil export terminal. It has delayed shipment of some cargoes.
U.S. light crude futures for February delivery hit a new 10-month high, settling at $36.20 a barrel, up nearly 3.2 percent and at its highest level since the U.S. invasion of Iraq (news - web sites) in March. London Brent crude futures for March rose 65 cents to last trade at $31.22 a barrel.
"Energy markets continue to take support from a strong fundamental picture, with OPEC statements and a deadly blast at the Skikda LNG plant in Algeria adding fresh price-positive news," said Barclays Capital in a market comment.
Prices marched higher after the Algerian explosion, which ripped through the vast petrochemical plant in the port city of Skikda on Monday, killing at least 23 people and shutting down all activity at the oil and gas refinery complex.
Energy and Mines Minister Chakib Khelil said operations had been shut as a preventive measure and a shipping agent said all oil shipments from Skikda had been halted.
Officials believed a boiler at one of the gas units was the origin of the blast, which was felt for kilometers and destroyed three LNG trains.
Traders said the Algerian situation, combined with the threat of a general strike brewing in fellow OPEC member Nigeria, and the continuing freezing temperatures in the United States, were supporting prices.
Meteorologists are forecasting extreme cold for the next three weeks in the United States east of the Rocky Mountains, with at least one forecaster, Joe *******i of AccuWeather, calling for the coldest winter there in 25 years.
U.S. crude prices have shot up more than $8 a barrel, or 30 percent, since late September when OPEC agreed to cut official output limits by 900,000 barrels per day.
Since then, demand has risen with the onset of the Northern Hemisphere winter and U.S. fuel inventories have fallen to their lowest since the mid-1970s.
Saudi Arabia has said it is too early to forecast what action OPEC will take when it reviews production policy at its next meeting on Feb. 10 in Algiers. On Tuesday Qatar said the cartel should not rush to set its output level.
OPEC is worried that a big overhang of oil will trigger a collapse in prices in the second quarter when demand normally tails off at the end of winter. It is already pumping about 1.5 million bpd above its official ceiling of 24.5 million bpd, which excludes Iraq output.
The International Energy Agency, the energy watchdog for 26 rich nations, last week forecast a huge rise in second-quarter oil stocks if OPEC did not cut supplies from December.
More Oil News!
http://news.yahoo.com/news?tmpl=story&u=/nm/20040120/ts_nm/energy_weather_cold_dc
quote:
Originally posted by Chicago_joe:
Just out of curiosity, I looked into ARET. Studied it for awhile and guess what. The most profitable time to invest is.......I will let you know tommorrow the answer. This is no joke either. Just differnet types of DD that can be done.
Cj
[This message has been edited by Chicago_joe (edited January 20, 2004).]
quote:
Originally posted by Z_Man:
Is it a good buy @ .038? How high do you think it will go?
quote:
Originally posted by Chicago_joe:
Z-man, Lets look at todays volume of trades which was about 71. with about just a little over 2 million stocks being moved and mind you we are talking of penny stocks. not much movement at that. Now scan out the month of November for the pass previous years and you will see that your best venture is to wait til september or October to make a sound investment strategy and profit off the month off November and December. So I believe the stock will decline and pck up again during the times mentioned. Just remember that as winter declines so does the request for this company. IMHO
Cj