/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO
COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF
UNITED STATES SECURITIES
LAW./
CALGARY, Feb. 12, 2018 /CNW/ - Return Energy Inc.
("Return" or the "Company") (TSX-V: "RTN"), through
its wholly-owned subsidiary, Winslow Resources Inc.,
("Winslow") is pleased to announce that drilling operations
have commenced at its Rycroft
property north of Grande Prairie,
Alberta. The current program is configured to test a
northwest extension of the Rycroft Charlie Lake "S" pool from the
currently producing 100/10-27-076-06W6/00 oil well. Pending
favourable results from the initial well located at
14-27-076-06-W6M, the drilling of a second well will follow
immediately thereafter. Completion & testing operations
will be carried out upon conclusion of the drilling program. Each
vertical well will be approximately 1600 metres total depth, and
drilling operations are expected to take roughly seven days per
well. Return, through Winslow, has a 100% working interest in
this drilling program.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Reader Advisories
Forward-Looking Statements.
This news release contains forward-looking statements and
information. More particularly, this document contains statements
and information concerning the timing of drilling. Forward-looking
information is frequently characterized by words such as
"anticipate", "plan", "expect", "project", "intend", "will",
"believe", "anticipate", "estimate", "scheduled", "potential", or
other similar words, or statements that certain events or
conditions "may", "should" or "could" occur. The
forward-looking statements and information are based on certain key
expectations and assumptions made by Return, including expectations
and assumptions concerning availability of equipment and receipt of
required regulatory approval. Although Return believes that the
expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because Return can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. These include, but are not
limited to, risks that required regulatory approvals are not
obtained and that specific equipment is delayed or not available.
The reader is cautioned that assumptions used in the preparation of
such information, although considered reasonable by the Company at
the time of preparation, may prove to be incorrect and readers are
cautioned not to place undue reliance on forward-looking
information, which speaks only as of the date hereof. The Company
does not undertake any obligation to release publicly any revisions
to forward-looking information contained herein to reflect events
or circumstances that occur after the date hereof or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws.
SOURCE Return Energy Inc