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Author Topic: MSEV - Oil is as good as gold...
JOED5500
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March 09, 2004 08:01

Micron Enviro Systems, Inc. About to Test Wimberley #5 Well in Texas
VANCOUVER, British Columbia, Mar 9, 2004 (BUSINESS WIRE) -- Micron Enviro Systems, Inc. ("MSEV")(OTCBB:MSEV) has been notified by the operator that the Wimberley #5 Well in Texas is scheduled to be fraced Friday, barring any unforeseen issues. Bond logs have been run and now the acidization, perforating and fracing are scheduled to commence. This process will establish initial flow rates. Bernie McDougall, President of MSEV stated, "It is great to get this next well tested on our seven well Martex Prospect. We are entering into a very exciting phase in MSEV's history. We will be testing the Wimberley #5 and we should be working on the next Martex well shortly, as well as drilling our new Manahuilla Creek prospect in Texas within seven to ten days. This would allow MSEV to be simultaneously drilling two independent projects. This would be a first for the company, and clearly shows our commitment to achieving our goal of becoming a mid-range oil and gas company."

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 Mississippian Chappel Reefs at 4,500 feet in depth. Tight gas shales and limestones 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 was successfully completed. This well is successfully producing both oil and gas. The well flowed as high as 701 mcf of gas per day and 252 barrels of oil per day.

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.

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Ciao! Good Luck!!


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brian411
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Starting to make a move. Looks good short term for a quick profit.
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