Organization and Nature of Operations

12 Months Ended

Dec. 31, 2016

Organization And Nature Of Operations

Organization and Nature of Operations

1. Organization and Nature of Operations

Arête Industries, Inc. ("Arête" or the "Company"), is a Colorado corporation that was incorporated on July 21, 1987. The Company is in the business of exploration for and production of oil and natural gas. The Company's primary area of oil exploration and production is in Colorado, Montana, Kansas, and Wyoming.

The Company focuses on acquiring interests in traditional exploratory and development oil and gas ventures, and seeks properties that offer profit potential from overlooked and by-passed reserves of oil and natural gas, which may include shut-in wells, in-field development, stripper wells, enhanced recovery, re-completion and re-working projects. In addition, the Company's strategy includes the purchase and sale of acreage prospective for oil and natural gas and seeking to obtain cash flow from the sale and farm out of such prospects.