CONSENT OF INDEPENDENT PETROLEUM ENGINEERS AND GEOLOGISTS
The undersigned hereby consents to the references to our firm in the form and context in which they appear in the Annual Report on Form 10-K of Arête Industries, Inc. for the year ended December 31, 2012. We hereby further consent to the use of information contained in our reports setting forth the estimates of revenues from Arête Industries, Inc.s oil and gas reserves as of December 31, 2012, and to the inclusion of our report dated April 12, 2013 as an exhibit to the Annual Report on Form 10-K of Arête Industries, Inc. for the year ended December 31, 2012.
\s\ Ryder Scott Company, L.P.
RYDER SCOTT COMPANY, L.P
April 16, 2013
|1100 LOUISIANA, SUITE 3800||HOUSTON, TEXAS 77002-5218||TEL (713) 651-9191||FAX (713) 651 0849|
|1015 4TH STREET S.W., SUITE 600||CALGARY, ALBERTA T2R 1J4||TEL (403) 262-2799||FAX (403) 262-2790|