VANCOUVER, British Columbia, April 4, 2005 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) wishes to report that the operator has informed MSEV that the nitrogen frac on the Stuart 60-#8 well is now scheduled for April 8th. This frac will be the largest the operator has conducted on this formation and MSEV is very optimistic about having a successful well based on the previous success MSEV has enjoyed on this prospect. The cost for this well and the next two has already been paid. It is anticipated that the next well on this prospect will commence as soon as this well is completed and put on line for sales.
The operator on the Pembina Prospect well has informed MSEV that the perforation has been completed and the frac is now the next process to occur. Due to Alberta government road restrictions, it is anticipated that this well will be able to be fraced in 2-4 weeks. This is a reentry of an old well that has already been a producer.
Bernie McDougall, president of MSEV stated, "The month of April could be a major turning point for MSEV. We have two separate drill programs that we are anticipating results on, and based on the past success on each prospect we are very optimistic about the results to come. Considering that oil prices touched on all time highs on Friday, this would be the best time in MSEV's history to announce any new discoveries."
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 16 independent sources of oil and/or gas revenue. MSEV's production is from ten oil wells in Canada, and six wells producing oil and/or gas wells in Texas. MSEV is presently involved in multiple 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 info@micronenviro.com requesting to be added.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at www.SEC.gov. For all details regarding working interests in all of MSEV's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.