Roadrunner Oil & Gas Inc.
TSX VENTURE : ROA

April 08, 2010 09:30 ET

Roadrunner Provides Operational Update

CALGARY, ALBERTA--(Marketwire - April 8, 2010) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Roadrunner Oil & Gas Inc. ("Roadrunner" or the "Company") (TSX VENTURE:ROA) is pleased to announce the Company's March production averaged approximately 620 boe/d and the Company has now reactivated an additional 70 boe/d of light oil in the Armada area which had been shut in due to regulatory curtailments, bringing the total current production to approximately 690 boe/d. The Company will also have a second well to re-activate in early July which should result in an additional 30 boe/d.

On April 6th, 2010 Roadrunner spudded an additional development well at Armada. With the success of this well, the Company expects the well to be completed and on production by April 20th, 2010.

Roadrunner is also completing and equipping two other wells in its southern Alberta area which is anticipated to add an additional 50 boe/d by the end of April, 2010. The overall Company production is expected to be approximately 750 boe/d by the end of April 2010.

Roadrunner expects to release its 2009 audited financial results and NI 51-101 reserves disclosure in late April 2010.

About Roadrunner Oil & Gas Inc.

With operations based in Calgary, Alberta, Roadrunner Oil & Gas Inc. is a TSX-V Tier 2 corporation. Through its wholly owned subsidiary, Bowood Energy Ltd., the Company is engaged in the acquisition, exploration, development, and production of oil and gas resources. Projects are currently situated in the Provinces of Alberta and Saskatchewan.

For more information on Roadrunner Oil & Gas Inc. (TSX VENTURE:ROA) and to see the updated corporate presentation please visit our website at: http://www.bowoodenergy.ca.

Reader Advisories

Forward-Looking Statements: This news release contains certain forward-looking statements, including but not limited to, management's assessment of future plans and operations, anticipated levels of oil and gas production, anticipates re-activation, production and completion of oil and gas wells, anticipate time of the release reserves and financial information and expected timing and results from operations, that involve substantial known and unknown risks, uncertainties and assumptions, certain of which are beyond the Company's control. Such risks, uncertainties and assumptions include, without limitation, those associated with oil and gas exploration, development, exploitation, production, marketing, processing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports, including the Company's discussion and analysis for the financial year ended December 31, 2008, on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. 

BOE may be misleading, particularly if used in isolation. A BOE conversion of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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 news release.

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