Wco-Exploration, 651 Eldorado Blvd, Apt 713, Broomfield, CO 80021, US

Arete Industries is a development stage company engaged in the development of business opportunities in traditional oil and gas by direct acquisition and funding of drilling and development of partnerships and joint ventures. The company intends to acquire interests in traditional oil and gas development projects, primarily of overlooked and by-passed reserves of oil and natural gas in the Western Hemisphere. In addition, Arete seeks to purchase nonoperating positions in producing fields with the possibility of further infield development. As of Dec. 31, 2004, the company works with oil and gas prospect generators, independent energy developers, and private and institutional investors. It seeks to acquire one or more established oil and gas companies whose owners either require liquidity for expansion or an exit strategy. Arete Industries is headquartered in Longmont, Colo.