To: Taki who wrote (128160 ) 2/9/2004 9:28:15 AM From: Taki Read Replies (1) | Respond to of 150070 MSEV.037 news.Micron Enviro Systems, Inc. Signs Additional 5 Wells in TexasRecently, the Ima #2 Well in Palo Pinto County, Texas has been successfully completed. The well is successfully producing oil and gas. The well flowed as high as 701 mcf of gas per day and 252 barrels of oil per day. Monday February 9, 8:02 am ET VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 9, 2004--Micron Enviro Systems, Inc. ("MSEV")(OTCBB:MSEV - News) is extremely pleased to announce that it has signed on to participate in an additional multi well drill program in Texas (the "Martex Prospect"). The Martex Prospect is an extension to the current drill program in Jack and Palo Pinto Counties, Texas. Drilling on this prospect is expected to commence mid to late February. The project currently calls for five wells. MSEV now has interests in seven wells located in Jack and Palo Pinto Counties, Texas. ADVERTISEMENT The Martex Prospect is located in a multi-play area with production being obtained from multiple zones. These zones are the shallow strawn sands from 1,800 feet, to the Big Saline Conglomerates at approximately 4,000 feet, and the Missippian Chappel Reefs at 4,500 feet in depth. Tight gas shales and lime stones are located below this depth, which are classified as continuous type natural gas plays (accumulations that are pervasive throughout large geographic areas and offer long-lived reservoirs with attractive finding costs). Increased drilling in the Barnett Shale and Marble Falls Lime has been spurred by a reduction in completion costs as a result of using light sand water fracs, higher gas prices, and refracing of productive zones. The objective for this project is to test the previously overlooked zones of interest in these wells. Recently, the Ima #2 Well in Palo Pinto County, Texas has been successfully completed. The well is successfully producing oil and gas. The well flowed as high as 701 mcf of gas per day and 252 barrels of oil per day. The Kinder #1 Well in Jack County, which was drilled prior to the Ima #2 Well, was scheduled to be fraced on January 23, 2004, but has been delayed due to crew unavailability. The operator is expecting this well to be fraced within the next few weeks barring any unforeseen issues. Bernie McDougall, President of MSEV stated, "This is a great day for MSEV and its shareholders. The operator is planning on working on the wells in a continuous fashion, which will enable MSEV to have a steady flow of drilling news. We are also looking forward to testing the Kinder #1 Well. It is unfortunate that it was delayed, but testing is upcoming shortly and could add revenue to MSEV's top line. We are looking forward to a very aggressive drilling year in 2004 and feel that there are few, if any, junior oil and gas stocks trading near our market cap with the current drill programs that we have. We are excited about the future growth of MSEV and this prospect could add substantially to this in the short and long term." 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 twelve 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 three wells producing both oil and gas revenue in Texas. MSEV is currently involved in four 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. -------------------------------------------------------------------------------- Contact: Micron Enviro Systems, Inc. Bernie McDougall, 604-646-6903 Fax: 604-689-1733