Arete Industries

Arete Industries Operating Metrics

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AreteIndustries key operating metrics including Oil Sold, net barrels.

Oil Sold, net barrels

5.7K

1.6%

Q3, 2017

Proved Reserves (BOE)

166K

50.4%

FY, 2016

Total Net Productive Wells

8.5%

FY, 2016

Operating Metrics

Metrics	FY, 2014	FY, 2015	FY, 2016
Oil Sold, net barrels	22.8K	19K	23.4K
Proved Reserves (BOE)	333K	334.9K	166K
Total Net Productive Wells	33.4	31.7	29
Total Gross Productive Wells	49	43	44
Average Monthly Production (BOE)	2.9K	2.4K	2.5K
Net Wells Drilled	0
Average Price for per Mcf (Natural Gas Sold)	5.1	2.3	2
Average Price per Barrel (Oil Sold)	78.7	41	38
BOE Sold, net barrels	34.5K	29.4K	30.4K
Gas Sold, net Mcf	70.2K	62.6K	41.9K