MICRON ENVIRO SYSTEMS, INC.
460-789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Tel: (604) 646-6903
July 18, 2003 OTCBB: MSEV
MSEV Successfully Drills The Second Well On the Major 50 Well Kerrobert Oil Project
Micron Enviro Systems, Inc. ("MSEV") is extremely pleased to report that the operator has informed MSEV and partners that the second well of
this set of nine oil wells has been successfully drilled and cased. The crews are already drilling the third well and expect to be finished over the
weekend. The first ten wells previously drilled on this prospect all achieved commercial success and the operator is anticipating similar results
for this next set of nine wells. The operator expects drilling on all nine wells to take approximately 30-45 days to complete, with each well taking
approximately 3 days to drill.
Saskatchewan is one of the largest oil producers in Canada, second only to Alberta. The province produces approximately 20% of total
Canadian oil production. Cumulative oil production from Saskatchewan as of December 31, 2000 was 3.6 billion barrels. Remaining
recoverable reserves are estimated to be 1.2 billion barrels. More than 18,000 active wells in Saskatchewan produce in excess of 400,000
barrels of oil per day.
MSEV is also currently conducting due diligence on two potential projects, one located in Saskatchewan, Canada, and another multi-well oil
target in Alberta, Canada.
The Operator on the Green Ranch Prospect in Texas has informed MSEV that the Z2 Well achieved a successful test for oil in the conglomerate
zone. Currently flow rates have ranged between 30 and 77 barrels of oil per day with no water present. This now means that both the Z1 and Z2
have been successfully dual-completed and both are flowing oil and gas. A well drilled in 1975 from the conglomerate zone, (the East Green
H-2) produced over .95 bcf of gas and 86,500 barrels of oil over its lifetime. MSEV is in the midst of planning a sizable multi-well program in an
attempt to exploit the formation that was discovered while testing the Z2 well and we are hoping to commence drilling the Z3 Well in the near
future.
If you have any questions, please call MSEV at (604) 646-6903. If you would like to be added to MSEV's update email list, please send an
email to info@micronenviro.com requesting to be added.
Bernie McDougall, President of MSEV states, "The operator has been doing a great job on this drill site. Everything is going as well as we
hoped so far. This project could be a substantial revenue generator for MSEV and we look forward to developing all the wells on this field."
MSEV is an emerging oil and gas company that has both oil and gas producing properties. MSEV's goal is to become a mid-range oil and gas
producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace.
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking
statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events
and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and
unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or
implied by forward-looking statements. These risks and uncertainties include, among other things, volatility of oil and gas prices, product
demand, market competition, and imprecision of reserve estimates, and actual ability to recovery oil and gas that is present or represented to
the company by the operator. You should independently investigate and fully understand all risks before making investment decisions.
Contact Information:
Bernie McDougall
Micron Enviro Systems, Inc.
info@micronenviro.com
TEL: (604) 646-6903
Fax: (604) 689-1733 |
