posted
Micron Signs New Alberta Multi Well Drill Program Tuesday February 7, 8:45 am ET
VANCOUVER, British Columbia, Feb. 7, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTC BB:MSEV.OB - News) is extremely pleased to report that it has entered into a participation agreement to drill at least one gas well in Alberta, Canada. According to the operator, the first well on this prospect is expected to commence drilling within 14 days, barring any unforeseen issues. If the first well is successful, the operator plans to drill up to four wells per section. A well has been drilled and cased three quarters of a mile away that tested 3.4 million cubic feet of gas per day. ADVERTISEMENT
In other news, a decision to fund and enter into a prospective oil sands project in Alberta, Canada is expected before February 15, 2006.
According to the Canadian Association of Petroleum Producers web site, production from Canada's vast oil sands reserves now exceeds 1 million barrels per day and is forecast to increase to 2.7 million barrels per day by 2015. Reserves exceed 175 billion barrels of economically viable oil. With current technology, Canada's oil sands are second only to Saudi Arabia in global oil reserves. Capital spending on both in situ areas (too deep to mine) and mining projects in the oil sands totaled more than $28 billion US from 1996 to 2004. Canadian companies spent close to $7 billion US on oil sands capital investment in 2005. There are close to 35 projects in the planning or expansion process.
Bernie McDougall, President of Micron stated, ``Things are really starting to get exciting for MSEV. We have secured a new gas drill program that should be commencing operations within 2 weeks. When you couple this new exciting gas drill program with our ongoing negotiations on the Alberta Oil Sands, we feel that MSEV is now turning a corner. With oil and gas prices where they are, it is a tremendous time to be an oil and gas producing company and a great time to start new drill projects.''
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 http://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.
According to the Canadian Association of Petroleum Producers web site, production from Canada's vast oil sands reserves now exceeds 1 million barrels per day and is forecast to increase to 2.7 million barrels per day by 2015. Reserves exceed 175 billion barrels of economically viable oil. With current technology, Canada's oil sands are second only to Saudi Arabia in global oil reserves. Capital spending on both in situ areas (too deep to mine) and mining projects in the oil sands totaled more than $28 billion US from 1996 to 2004. Canadian companies spent close to $7 billion US on oil sands capital investment in 2005. There are close to 35 projects in the planning or expansion process.
Posts: 193 | Registered: Dec 2005
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posted
sorry i have to disagree with you, i have been playing with this for a while now! 27.9% up again why do you see a dip look at the chart! http://stockcharts.com/gallery/?MSEV
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
teach me how to read a chart properly,what are the top 3 things i should look for,that tells you that this stock will go up.
Posts: 109 | From: canada | Registered: Jan 2006
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Hey bomber, teaching someone to read a chart is a long process. You should pick up a book. I like Toni Turner. She's great.
Did someone post the 8-K here yet? -Feb-2006
Other Events
ITEM 5. OTHER EVENTS We are extremely pleased to report that we have entered into a participation agreement to drill at least one gas well in Alberta, Canada, in which we would have a 5% working interest. According to the operator, the first well on this prospect is expected to commence drilling within 14 days, barring any unforeseen issues. If the first well is successful, the operator plans to drill up to four wells per section. A well has been drilled and cased three quarters of a mile away that tested 3.4 million cubic feet of gas per day.
In other news, a decision to fund and enter into a prospective oil sands project in Alberta, Canada is expected before February 15, 2006.
According to the Canadian Association of Petroleum Producers web site, production from Canada's vast oil sands reserves now exceeds 1 million barrels per day and is forecast to increase to 2.7 million barrels per day by 2015. Reserves exceed 175 billion barrels of economically viable oil. With current technology, Canada's oil sands are second only to Saudi Arabia in global oil reserves. Capital spending on both in situ areas (too deep to mine) and mining projects in the oil sands totaled more than $28 billion US from 1996 to 2004. Canadian companies spent close to $7 billion US on oil sands capital investment in 2005. There are close to 35 projects in the planning or expansion process.
-------------------------------------------------------------------------------- Bernard McDougall, our president stated, Things are really starting to get exciting for MSEV. We have secured a new gas drill program that should be commencing operations within 2 weeks. When you couple this new exciting gas drill program with our ongoing negotiations on the Alberta Oil Sands, we feel that MSEV is now turning a corner. With oil and gas prices where they are, it is a tremendous time to be an oil and gas producing company and a great time to start new drill projects." We are an emerging oil and gas company with both oil and gas producing properties. Our 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. We currently have 15 independent sources of oil and/or gas revenue. Our production is from nine oil wells in Canada, and six wells producing oil and/or gas wells in Texas. We are presently involved in multiple oil and gas prospects, and we continue to look for additional projects that would contribute to building our market capitalization.
If you have any questions, please call us at (604) 646-6903. If you would like to be added to our update email list, please send an email to info*micronenviro.com requesting to be added.
Posts: 1632 | From: NJ | Registered: Nov 2005
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posted
huge money is in play here guys if you havent realized yet we are talking of hundreds of millions
Posts: 193 | Registered: Dec 2005
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posted
My reason for thinking of a dip is because we have rocketed the last few days and people may want to start taking profits...like we saw at close. I get grinning like a school girl when i read the thing about the oilsands.
Posts: 659 | Registered: Nov 2005
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posted
this company will never have an oil sands refinery or even a small piece of one. has anyone here read the last 10Q?. there oil revenue is down and there asset values have decreased. this smells like a P and D to me. up on hype from threads like this one. from the last 10Q-----The Company has suffered material recurring losses from operations since inception. At September 30, 2005, the Company has an accumulated deficit of $5,877,050 and has negative cash flows from operations. The Company has limited revenues, limited cash, and negative working capital.------- they talk about there oil interests, there interest in fifteen oil wells, if you read the 10Q you will see that there interests in some of these wells is less than 5 percent with revenue interests of less than 3 percent, some less than 1 percent!. according to the 10Q these combined wells produced less than 4000 dollars in revenue in the third quarter of 05. there revenues are decreasing it`s all in the 10Q if you read it. this is no long term hold in my opinion, there is no reason other than hype and a relatively low O/S ( 120 - 300 million? )for this to be trading at it`s current level. dont get caught holding the bag on this, it has a long way to fall!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
hahaha basher on the job again, you'Re actually doing a pretty nice job. Do you know how much money is Ford & GM losing every year ?
Posts: 193 | Registered: Dec 2005
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posted
this is an EMERGING oil & gaz co. I repeat EMERGING. We have a bright future coming in front of us, February 15th is the day the oil will start getting extracted. and...madmoney whats your position into the stock ? why did you take the time to comment on this stock if you are not in, never were in or do not intend to get in. There are plenty of other stocks you can comments on such as QBID and others...
Posts: 193 | Registered: Dec 2005
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posted
I bought in on Monday at .082 One of the deciding factors for me was because although the stock has went down before, it has never went down for more than one day in a row since Dec 29 & 30 of 2005.
Thinking about buying more tomorrow.
Posts: 144 | From: Minnesota | Registered: Jan 2006
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Micron Enviro Systems, Inc. (OTCBB: 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.
MSEV News:
Feb. 7 - Micron Signs New Alberta Multi Well Drill Program
Micron Enviro Systems, Inc. (OTCBB: MSEV) is extremely pleased to report that it has entered into a participation agreement to drill at least one gas well in Alberta, Canada. According to the operator, the first well on this prospect is expected to commence drilling within 14 days, barring any unforeseen issues. If the first well is successful, the operator plans to drill up to four wells per section. A well has been drilled and cased three quarters of a mile away that tested 3.4 million cubic feet of gas per day.
In other news, a decision to fund and enter into a prospective oil sands project in Alberta, Canada is expected before February 15, 2006.
According to the Canadian Association of Petroleum Producers web site, production from Canada's vast oil sands reserves now exceeds 1 million barrels per day and is forecast to increase to 2.7 million barrels per day by 2015. Reserves exceed 175 billion barrels of economically viable oil. With current technology, Canada's oil sands are second only to Saudi Arabia in global oil reserves. Capital spending on both in situ areas (too deep to mine) and mining projects in the oil sands totaled more than $28 billion US from 1996 to 2004. Canadian companies spent close to $7 billion US on oil sands capital investment in 2005. There are close to 35 projects in the planning or expansion process.
Bernie McDougall, President of Micron stated, "Things are really starting to get exciting for MSEV. We have secured a new gas drill program that should be commencing operations within 2 weeks. When you couple this new exciting gas drill program with our ongoing negotiations on the Alberta Oil Sands, we feel that MSEV is now turning a corner. With oil and gas prices where they are, it is a tremendous time to be an oil and gas producing company and a great time to start new drill projects."
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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
Told you guys we would see a dip...i said to 0.08 so we'll see how right i am. BUt this stock will go back up tomorrow so don't worry.
Posts: 659 | Registered: Nov 2005
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posted
If we bounce off of 0.850 it will have been a double bottom and we should move back to the 0.10's but if we dont break 0.995 then it will come down.
-------------------- If you do your 20's right, You are set for life. Posts: 659 | Registered: Nov 2005
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posted
Well intraday chart showing lower highs and lower lows until about right now. If we move up from 0.088 ...we jsut did as i typed...and move above 0.099 we will have made a higher low and a higher high which should put us back into the green.
-------------------- If you do your 20's right, You are set for life. Posts: 659 | Registered: Nov 2005
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posted
oh well MSEV took a much needed breather, I can see no resistance at all on hte way back up so we chouls bounce right here off the low and then up to new highs
Posts: 193 | Registered: Dec 2005
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posted
Yea my charts aren't up to date since im at school but if we round 0.076 here we should make it higher than 0.084 (making a higher low and higher high) putting us into an uptrend for intraday. If we don't go above 0.084 though we will be trading sideways for the day like yesterday.
-------------------- If you do your 20's right, You are set for life. Posts: 659 | Registered: Nov 2005
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OH YEA mid day wednesday!!!!!!
![[Big Grin]](biggrin.gif)
I guess we can expect another pr regarding this piece! Going long wtih this one!![[Eek!]](eek.gif)
In other news, a decision to fund and enter into a prospective oil sands project in Alberta, Canada is expected before February 15, 2006.![[Smile]](smile.gif)
and then up to new highs
