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.