"We are extremely pleased to announce that we have signed a participation agreement for a working interest in a potential multi-well prospect located in the world-class Pembina Oil and Gas Field in Alberta, Canada. ...... "
Posts: 574 | From: Georgia | Registered: Mar 2005
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Press Release Source: Micron Enviro Systems, Inc.
Micron Enviro Systems, Inc. Expecting Initial Results within Days on Alberta Well Tuesday March 29, 1:03 pm ET
VANCOUVER, British Columbia, March 29, 2005 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTC BB:MSEV.OB - News) wishes to report that it has been informed by the operator that the Pembina Prospect well is currently being prepared to be perforated. If all goes according to schedule, the perforation of the first prospective pay zone should take place within the next 1-3 days. ADVERTISEMENT
The operator on the Martex Prospect in Texas is finishing the Stuart No. 60-8 well preparation to complete a nitrogen frac. This frac is now scheduled to occur within the next 7-14 days barring any unforeseen issues. As soon as the frac has been completed initial flow rates from the well should be known. This prospect has yielded five successful wells out of five to this point. MSEV has already paid the cost for this well as well as the remaining two other wells that are expected to get underway as soon as this one is completed.
Bernie McDougall, president of MSEV stated, ``We could have initial results as soon as the next few days on the first well on this new exciting Alberta prospect. With results on the 6th Texas well expected next week, the next few weeks could be a very important period of growth for MSEV. We are looking forward to receiving the results from these two prospects shortly.''
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.
Anyone still holding this one? In for some @.032, looks like a good time to buy in.
Posts: 3 | From: Pittsburgh PA | Registered: Mar 2005
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Yep, I been holding this one since my first post.
I bought it at .043 and I think it will hit .05 when they give some good news of their project
Posts: 574 | From: Georgia | Registered: Mar 2005
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Taking a bit of a dip right now, might watch this one for a good buy in point.
Posts: 3 | From: Pittsburgh PA | Registered: Mar 2005
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when you look at their actual holdings in those wells, it typically is somewhere between 1 - 2% ! And then they go and claim to have 10-15 working wells..oh well, what else is new;-)
Posts: 218 | From: Grungteb | Registered: Nov 2004
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