MSEV Enters Final Negotiations on Multiple Canadian Prospects
VANCOUVER, British Columbia, Nov 10, 2004 (BUSINESS WIRE) -- Micron Enviro
Systems, Inc. ("MSEV")(OTCBB: MSEV) is pleased to announce that it has entered
into the final stages of due diligence on two separate oil and gas prospects in
Canada. The board is expected to have a final decision on these prospects
shortly.
Bernie McDougall, president of MSEV stated, "If we can finalize any of these
deals in Canada it would be a tremendous opportunity for MSEV. A decision on
whether to participate on one or more of these prospects will be made in the
short term. Also, we are expected to start drilling the three wells in Texas
next week, barring any unforeseen issues. These wells are located on a prospect
that we have been successful on all five wells drilled to date. These three
wells are already paid for. If we can finalize any of the Canadian deals, we
could be drilling two separate drill programs before this year is over. We are
quite optimistic about the next few weeks."
Due to bad weather conditions, we have not been able to start drilling on the
Stuart Wells in Texas. The operator informs us that the pads are built and they
expect to be drilling early next week barring any unforeseen issues.
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 15 independent sources of oil and/or
gas revenue. MSEV's production is from nine oil wells in Canada, and six wells
producing oil and/or gas wells in Texas. MSEV is presently involved in four
separate multi-well oil and gas prospects, and continues to look for additional
projects that would contribute to building MSEV's 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
ir@micronenviro.com requesting to be added.
The BB Gayle Well is expected to be fraced within the next 30-90 days. The
Charles Long well in Texas did not achieve commercial success and a refund of
the well has been returned to the company.
SOURCE: Micron Enviro Systems, Inc.
CONTACT: Micron Enviro Systems, Inc.
Bernie McDougall, 604-646-6903
ir@micronenviro.com
Fax: 604-689-1733
or
www.micronenviro.com
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