U.S. SECURITIES AND EXCHANGE COMMISSION
				WASHINGTON, D.C.  20549

					SEC File Number
					33-16820-D

					CUSIP Number 
					894541-309

				NOTIFICATION OF LATE FILING


(Check One)
[X] Form 10-KSB  [ ] Form 11-K  [ ] Form 20-F  [ ] Form 10Q-SB  [ ] Form N-SAR

	For Period Ended:  12/31/98
	

	Read Attached Instruction Sheet Before Preparing Form.  Please Print or Type.
	Nothing in this form shall be be construed to imply that the Commission has 
        verified any information contained herein.
	

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:  n/a 
	
Part 1 - Registrant Information
	
Full Name of Registrant:  Arete Industries, Inc. 

Former Name if Applicable:  Travis Industries, Inc.

Address of Principal Executive Office (Street and Number):  2305 Canyon Blvd., 
Suite 103,

City, State and Zip Code:  Boulder, Colorado 80302
	
Part II - Rules 12b-25 (b) and (c)
	
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25 (b), the following 
should be completed. 

(Check box if appropriate)

[  ]	(a)  The reasons described in reasonable detail in Part III of this form 
could not be eliminated without unreasonable effort or expense;

[x]	(b)  The subject annual report or semi-annual report/portion thereof will be
filed on or before the fifteenth calendar day following the prescribed due date;
or the subject quarterly report/portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and

[  ]	(c)  The accountant's statement or other exhibit required by Rule 12b-25
(c) has been attached if applicable.

	
Part III - Narrative
	
State below in reasonable detail the reasons why the form 10-KSB, 11-K, 20-F,
10-QSB or N-SAR or portion thereof could not be filed within the prescribed time
period.

Registrant changed it's fiscal year from March 31, to December 31.  The change
has necessitated extention of the time necessary
to complete the audit and track subsequent events.

Part IV - Other Information
	
(1)  Name and telephone number of person to contact in regard to this notif-
ication:      Thomas P. Raabe (303) 247-1313.

(2)  Have all other periodic reports required under section 13 or 15 (d) of the
     Securities Exchange Act of 1934 or section 30 of the Investment Company Act
     of 1940 during the preceding 12 months or for such shorter period that the 
     registrant was required to file such report(s) been filed?  If the answer 
     is no, identify report(s).
	[x] Yes	[ ] No

(3)  Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the 
earnings statements to be included in the subject report or portion thereof?
	[  ] Yes	[ x ] No

     If so, attach an explanation of the anticipated change, both narratively 
     and quantitatively, and, if appropriate, state the reasons why a reasonable
     estimate of the results can not be made.

              			Arete Industries, Inc. 
                 		(Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.


Date:  March 31, 1999              /s/ Thomas P. Raabe, CEO		
                                     Thomas P. Raabe, Chairman/CEO

INSTRUCTION:  The form may be signed by an executive officer of the registrant
or by any other duly authorized representative.  The name and title of the 
person signing the form shall be typed or printed beneath the signature. 
If the statement is signed on behalf of the registrant an authorized 
representative (other than an executive officer), evidence of
the representative's authority to sign on behalf of the registrant shall be 
filed with the form.
	

                                     ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal 
Violations (See 18 U.S.C. 1001).