March 25 (Reuters) - Return Energy Inc RTN.V :
* RETURN ENERGY UNDERTAKES REVIEW OF STRATEGIC ALTERNATIVES
* RETURN ENERGY INC - BELIEVES CURRENT TRADING PRICE OF COMMON SHARES DOES NOT ADEQUATELY REFLECT UNDERLYING VALUE OF CO & ASSETS
* RETURN ENERGY INC - STRATEGIC ALTERNATIVES MAY INCLUDE, BUT ARE NOT LIMITED TO, A SALE OR MERGER OF COMPANY OR OTHER FORM OF BUSINESS COMBINATION
* RETURN ENERGY INC - APPOINTED AN INDEPENDENT COMMITTEE TO UNDERTAKE A BROAD REVIEW OF POTENTIAL ALTERNATIVES