Return Energy Announces Casing of Second Well at Rycroft

/NOT FOR DISSEMINATION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./

CALGARY, Feb. 23, 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 100/06-34-076-06W6/00 well have concluded and production casing has been run in the wellbore. The 06-34 well is a conventional (non-horizontal) step-out well to Winslow's recently announced (Feb.20, 2018) 100/14-27-076-06W6 well that has been cased as a potential Charlie Lake oilwell. 

The Company will now mobilize testing equipment to determine productivity of the wells. Test results will be announced accordingly.

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