Overview
Arête Industries, Inc. is a publicly traded company trading on the OTCQB under the symbol: ARET. The Company has been publicly traded since 1987 and has over 4000 shareholders. Arête's corporate offices are located in Westminster, Colorado.
The company currently owns and operates a gas gathering pipeline. In October 2011, the company completed the purchase of oil and gas production properties in the Rocky Mountain Region of the United States, namely 91 operating wells and 37,000 gross acres that include approximately 21,000 net acres under lease, and approximately 250 PUD’s.
The company was started in 1987 and was involved in many different business opportunities until 2005. In 2005 the company spun off Colorado Oil and Gas as a subsidiary with the intent to pursue other oil and gas opportunities.
In September 2006 the board confirmed a new focus on actively pursuing oil and gas acquisitions by purchasing a Gas Gathering Pipeline that same month.
As of 2006, the Board of Directors was made up of Mr. Charles Gamber, who was elected Chairman and CEO, and Mr. John Herzog, who was named Interim CFO. Mr. William Stewart remained as Director and Company Secretary, and Mr. Donald Prosser continued his responsibilities as Director and designated financial expert and Chairman of the Company's Nominating, Audit, and Compensation Committees. In 2007 Mr. Charles Davis was added to the board as an independent director with oil and gas experience.
The Board was joined by several consultants who are providing shareholder communications, marketing, business development, and investment banking services.
About the Company
The Company is the operator of a gas gathering system, and holds oil and gas properties in the Rocky Mountain Region of the United States.
The Company is also pursuing projects that have significant upside potential and can produce significant revenue. As the projects are developed, Arête, or entities created by Arête, will have ownership interests in the revenue streams, which can be securitized and collateralized either through equity or private debt holders. This strategy will enable the company to continue to grow, fulfill its ongoing financing requirements, and create value for its shareholders.