Arete Industries, Inc. Gas Drilling Joint Venture Featured in Dow Jones Newswire Article; Article Focuses on Recent Successful Energy Funding by Small Independents.Business Editors NIWOT, Colo.--(BUSINESS WIRE)--April 21, 2004 Arete a·rête n. A sharp, narrow mountain ridge or spur. [French, from Old French areste, fishbone, spine, from Late Latin arista, awn, fishbone, from Latin, awn. Industries, Inc.'s (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARET A`ret´ v. t. 1. To reckon; to ascribe; to impute. ) gas drilling joint venture featured in a major Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Newswire article published on April 20, 2004, focusing on the strong trend toward successful financing of domestic energy projects by independent producers, creates new excitement about the future of the Company. The Dow Jones article substantiates the Arete business model utilized in its 24-Well Gas Re-development and Re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the project in South Texas. Thomas P. Raabe, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Arete, proclaimed: "Our inclusion in the in-depth Dow Jones article, focused on the how's and why's of successful oil and gas financing today by smaller independents, increases our confidence in the strength of the financial model that we developed. Our combination of conservative re-entry programs in proven fields with an experienced professional team, and offering investors the potential for strong returns on their investments, stands as what we believe to be an unbeatable formula in today's investment environment." To read the article in full, go to: http://www.areteindustries.com/venturewirearticle.htm Statement as to Forward Looking Statements. Certain statements contained herein, which are not historical, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 oil and gas re-development projects contain a significant degree of risk including market risk, technical geological and engineering uncertainties, and financial risk to the Company and prospective investors and project developers. No assurances can be made that new opportunities being presented to the Company will be viable nor, if pursued, will be successfully financed. Furthermore, no binding commitments for new joint ventures, strategic partnerships or financing have been achieved at this time, and the Company can provide no assurances that it will be successful in its business development efforts in this direction. For Further Information Contact: Company Contact: Thomas P. Raabe, CEO and Chairman of the Board Email: ir@areteindustries.com Arete Industries, Inc. WEBSITE: www.areteindustries.com 7102 La Vista Place, Suite 100 Niwot, Colorado 80503 Voice: 303.652.3113 Fax: 303.652.1488 |
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