MSEV news.035,B: Micron Enviro Systems, Inc. Successfully Completes Drilling of
Second Well in Texas
B: Micron Enviro Systems, Inc. Successfully Completes Drilling of Second Well in
Texas
VANCOUVER, British Columbia, Nov 26, 2003 (BUSINESS WIRE) -- Micron Enviro
Systems, Inc. (OTCBB:MSEV) ("MSEV") is extremely pleased to report that MSEV has
been informed by the operator that drilling has been successfully completed on
the Ima #2 well in Palo Pinto County, Texas. The operator has informed MSEV that
a significant pay zone of 96 feet was established by interpretation of the logs
and will be fraced as soon as the equipment and crews are mobilized.
Bernie McDougall, President of MSEV stated, "It is very exciting to have two
wells with significant potential pay zones to test. This could be a very
significant time for MSEV as we may be able to announce two new wells on line
for sales shortly. When you consider that we have just recently announced two
new multi-well projects and that we are involved in three other multi-well
projects, MSEV is clearly moving towards achieving its goal of becoming a
mid-range oil and gas producer. This would be a very opportune time to be able
to announce two new sources of revenue as oil and gas prices are near historic
highs."
MSEV is also in the final stages of due diligence on several other potential
projects which include one located in Saskatchewan, Canada, and another
multi-well prospect in Texas. MSEV is hoping to be able to have an announcement
on one or more of these prospects shortly.
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. MSEV currently has eleven independent sources of oil
and/or gas revenue. MSEV's production is from nine oil wells in Canada, of which
MSEV currently has the largest working interest of any company involved in this
project that trade exclusively on the OTCBB, and two wells producing both oil
and gas revenue in Texas. MSEV is currently involved in three separate
multi-well oil and gas prospects, and we continue to look for additional
projects that would contribute in building market capitalization.
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.
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.
SOURCE: Micron Enviro Systems, Inc.
CONTACT: Micron Enviro Systems, Inc.
Bernie McDougall, 604-646-6903
Fax: 604-689-1733
info@micronenviro.com
www.micronenviro.com
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Copyright (C) 2003 Business Wire. All rights reserved.
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KEYWORD: TEXAS INTERNATIONAL CANADA
INDUSTRY KEYWORD: ENERGY
OIL/GAS
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