/NOT FOR DISSEMINATION IN THE UNITED
STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF UNITED
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CALGARY, Feb. 20, 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
at its Rycroft
100/14-27-076-06W6/00 well have wrapped up and production casing
has been run in the wellbore. The 14-27 well is a step-out well to
Winslow's 100/10-27-076-06W6/00 oil well that currently defines the
Rycroft Charlie Lake "S" oil pool, north of Grande Prairie, Alberta.
Return CEO Ken Tompson stated
"We're happy to report that our 14-27 vertical well encountered the
Triassic Charlie Lake reservoir as predicted, with open hole well
logs and drill cuttings confirming the presence of hydrocarbons,
thus validating our interpretation and mapping. The rig has now
moved to the 100/06-34-076-06W6/00 location, the second
conventionally-drilled well (not horizontal) in the program, where
drilling operations have commenced. Targeting the same
Charlie Lake zone, 06-34 is
expected to take roughly one week to drill. Production testing
will commence at 14-27, and at 06-34 if warranted, at the
conclusion of drilling operations at 06-34."
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