WESTMINSTER, Colo., June 23, 2011 (GLOBE NEWSWIRE) -- Arête Industries, Inc. (OTCQB:ARET) today announces the release of a Research Report on the Company by Mr. Paul Silver, Director of Research for Wall Street Resources, Inc. The 25-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks.
The free report is available at: www.wallstreetresources.net/Arete.asp
Donald Prosser, Chairman and Chief Executive Officer of Arête Industries, Inc. commented, "Following our recent acquisition of certain oil and gas assets, Arête Industries is positioned to report significant production and revenue growth over the next few years. The report is a key part of articulating our growth story to the investment community."
Paul Silver stated, "Arête Industries is an oil and gas play with strong prospects. The Company owns leases in the Powder River Basin, one of the richest petroleum provinces in the Rocky Mountains. In addition to its leasehold properties, it is led by a management team with over 50 years of combined experience in the energy and financial markets."
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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. For additional information on the Company visit our website at http://www.areteindustries.com/
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. These statements may include projections and other "forward-looking statements" within the meaning of the federal securities laws. Any such projections or statements reflect Arête's current views about future events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from those projected. Important factors that could cause the actual results to differ materially from those projected include, without limitation, whether the Company will be able to pay its $9.5 million promissory note due July 1, 2011, the Company's dependence on its management, the Company's lack of capital, changes in prices for crude oil and natural gas, the ability of management to execute plans to meet the Company's goals and other risks inherent in the Company's businesses that are detailed in the Company's Securities and Exchange Commission ("SEC") filings. Readers are encouraged to review these risks in our SEC filings.