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Arete Industries, Inc. Announces Definitive Agreement for Purchase of Oil & Gas Properties.

Publication: Energy Weekly News
Publication Date: 15-MAY-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Arete Industries, Inc. (Pink Sheets: ARET) announces that the Company signed a definitive agreement to purchase oil and gas properties in Wyoming, Colorado, Kansas, and Oklahoma from DNR Oil & Gas Company and Tindall Operating Company for cash and additional consideration.

The wells being offered by DNR & Tindall total 243 wells, including 46 operating wells (PDP) and 197 PUDS (PUD),...

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