RRL Resolute Resources Ltd

Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company")
announces that it has filed its unaudited condensed interim financial statements
for the three and nine month periods ended September 30, 2012, and the
accompanying management's discussion and analysis, such filings available on
SEDAR at www.sedar.com.


Relentless' current total production is approximately seventy (70) barrels of
oil equivalent per day, with two Loverna Saskatchewan Viking horizontal oil
wells contributing approximately thirty-five (35) barrels of oil per day to the
total production.


Relentless is encouraged with the current drilling activity directly offsetting
its' Loverna lands and producing wells. Recent enhancements in Viking horizontal
completion techniques coupled with significant Industry Viking light oil
acquisitions provide a positive outlook for our Viking play in south-west
Saskatchewan.


About Relentless Resources Ltd. 

Relentless is a Calgary based emerging oil and natural gas company, engaged in
the exploration, development, acquisition and production of natural gas and
light gravity crude oil reserves in Alberta and Saskatchewan. Relentless' common
shares trade on the TSX Venture Exchange under the symbol RRL.


In the current market environment, Relentless' primary corporate objective is to
achieve non-dilutive growth and enhance shareholder value through prudent
financial management, while continually examining corporate opportunities.


Reader Advisory

Certain statements contained herein constitute forward-looking statements or
information (collectively "forward-looking statements") within the meaning of
applicable securities legislation, including, but not limited to management's
assessment of future plans and operations, including: drilling plans and
potential locations; expected production levels; development plans; reserves
growth; production and operating sales and expenses; reservoir characteristics;
the results of applying certain operational development techniques; certain
economic factors; and capital expenditures. Forward-looking statements are
typically identified by words such as "anticipate", "estimate", "expect",
"forecast", "may", "will", "project" and similar words suggesting future events
or performance or may be identified by reference to a future date. Although
Relentless believes that the expectations reflected in the forward-looking
statements contained herein, and the assumptions on which such forward-looking
statements are made, are reasonable, there can be no assurance that such
expectations will prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking statements included herein, as there can be no
assurance that the plans, intentions or expectations upon which the
forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous risks and uncertainties that
contribute to the possibility that the forward-looking statements will not
occur, which may cause Relentless's actual performance and financial results in
future periods to differ materially from any estimates or projections 


The forward-looking statements contained herein speak only as of the date
hereof. Except as expressly required by applicable securities laws, Relentless
does not undertake any obligation to, nor does it intend to, publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements contained herein are
expressly qualified by this cautionary statement. In addition, readers are
cautioned that historical results are not necessarily indicative of future
performance. 


Production volumes are commonly expressed on a barrel of equivalent ("BOE")
basis whereby natural gas volumes are converted at a ratio of six thousand cubic
feet to one barrel of oil. The intention is to convert oil and natural gas
measurement units into one basis for improved analysis of results and
comparisons with other industry participants. The term BOE may be misleading,
particularly if used in isolation. The conversion ratio is based on an energy
equivalent method and does not represent an economic value equivalency at the
wellhead.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Relentless Resources Ltd.
Dan Wilson
President & CEO
(403) 532-4466 ext. 227 or Cell: (403) 874-9862
(403) 303-2503 (FAX)
dwilson@relentless-resources.com
www.relentless-resources.com

Resolute Resources (TSXV:RRL)
Historical Stock Chart
From Jun 2024 to Jul 2024

Resolute Resources (TSXV:RRL)
Historical Stock Chart
From Jul 2023 to Jul 2024