MSEV news related.MSEV.0364.
ragingbull.lycos.com
By: yourplace2.com
03 Nov 2003, 02:00 PM EST
Msg. 30851 of 30851
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NEWS: Second Well on New Multi-Well Drill Program at 2,800 feet
HABANERO RESOURCES INC.
1205-789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Phone 604-646-6900
Fax 604-689-1733
November 3, 2003 Trading Symbol: HAO: TSX Venture Exchange
Second Well on New Multi-Well Drill Program at 2,800 feet
Habanero Resources Inc. ("HAO") wishes to report that it and partner Micron Enviro Systems Inc. (MSEV), have been notified by the operator that drilling on the Ima II well in Palo Pinto County, Texas is now at 2,800 feet. Drilling is expected to be completed within 10 days. The first well is now currently awaiting the frac crews to test the well in order to attempt to determine flow rates. The frac of the first well is scheduled to take place once the drilling of the second well is complete.
Jason Gigliotti, president of HAO stated, "The second well is drilling as expected. We are looking forward to testing both new wells in the next few weeks and potentially adding two new wells to our current total of eleven independent sources of revenue."
HAO is an emerging junior oil and gas company focused on high reward, low risk oil and gas exploration and production in North America. HAO's goal is to become a mid range oil and gas producer. HAO has projects in Texas, California and Saskatchewan, Canada. HAO currently earns oil and gas revenue from eleven independent sources on its operations in Texas and in Canada.
HAO is also currently conducting due diligence on four other large potential oil and/or gas projects located in Saskatchewan, Alberta, Oklahoma and Texas.
If you would like to be added to HAO's email updates list, please send an email to info@habaneroresources.com requesting to be added.
In other corporate news, subject to TSX Venture Exchange approval, the Company is submitting an application to extend the term of the share purchase warrants, from the private placement closed November 6, 2002, from one year to two years. The exercise price of the share purchase warrants will remain at $0.10.
Contact Information:
Tel 604-646-6900
Fax 604-689-1733
info@habaneroresources.com
www.habaneroresources.com
BY ORDER OF THE BOARD OF DIRECTORS
"Jason Gigliotti"
Jason Gigliotti, President
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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