Return Energy Inc. ("Return" or the "Company") (TSX-V: "RTN") today filed with Canadian securities authorities its 2016 Annual Consolidated Financial Statements and Management's Discussion and Analysis. The Company also filed Form 51-101F1 - Statement of Reserves Data and Other Oil and Gas Information, Form 51-101F2 - Report on Reserves Data by Independent Qualified Reserves Evaluator or Auditor, and Form 51-101F3 - Report of Management and Directors on Oil and Gas Disclosure, under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Copies of the filed documents may be obtained through www.sedar.com, Return's website www.returnenergyinc.com or by emailing Return at email@example.com.
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This news release is reproduced on Return's website at www.returnenergyinc.com.
Return Energy is focused on the Peace River Arch region of the Western Canadian Sedimentary Basin. After purchasing a producing asset in Rycroft/Valhalla/Gordondale from a private vendor in October 2016, Return commenced positioning itself to exploit the asset with its initial focus on the Rycroft area.
Multiple pay zones exist that will be further developed to increase the existing production level and ultimately shift the mix toward a balanced split between oil and natural gas. This will be achieved through a varied program of optimization of existing producers coupled with re-completions and finally the drilling of development targets already identified.
With 100% ownership and operatorship of the 17MMCF/d Rycroft gas plant and associated gathering system, Return is well-positioned from an infrastructure standpoint and looks to increase throughput at the plant.
SOURCE: Return Energy Inc.
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