VANCOUVER, British Columbia, Feb. 14, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) is extremely pleased to report that it has been notified by the operator of the Boyne Prospect, a gas prospect in Alberta, that the seismic data on the prospect is encouraging and that drilling is expected to commence shortly barring any unforeseen events. According to the operator, "The geophysical consultant's interpretation of the seismic, two drill target anomalies exist on the property. Seismic evidence collaborates our original geologic assumptions indicating the presence of three zones in one drill target and two in the other. The zones are referred to as: Upper Grand Rapids A sand, Upper Grand Rapids B sand, and the Viking sand. Furthermore, the seismic result has indicated which adjacent lands the company (the participants) should undertake to acquire in order to expand the play."
The seismic program was comprised of three seismic lines for a total of 8.6 km. The lines tie in the neighbor's successfully tested well (3.4 million cubic feet of gas per day absolute open flow) three quarters of a mile northwest of the property and in addition also incorporate parts of two neighboring sections along with the Boyne Prospects owned section.
The president of the operating company states, "The seismic program has achieved its objective, which was to collaborate our geologic assumptions by showing the geologic structure, thus increasing the probability of drilling success from an estimated 35% to an estimated 70%; and in addition, guide us as to what land to target for acquisition in order to expand the play."
In other news, a decision regarding an oil sands project in Alberta, Canada, is expected soon.
Bernie McDougall, President of Micron stated, "It will be great to start drilling again on a new oil and gas prospect. It has been many months since our last drill program and considering the current prices of oil and gas, the timing to get drilling again is very opportune. Based on the operator's opinions, this new prospect has a good chance of success and therefore could add significantly to the revenue stream of MSEV. When you couple this new gas project with the potential of a new Alberta Oil Sands project, these clearly are very exciting times for MSEV and MSEV's shareholders."
MSEV is an emerging oil and gas company that has both oil and gas producing properties. MSEV's goal is to become a junior 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 multiple oil and gas prospects, and continues to look for additional projects that would contribute to building MSEV's market capitalization including the oil sands of Canada.
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.