posted
Micron Negotiates on a Canadian Oil and Gas Prospect 12/20/05
VANCOUVER, British Columbia, Dec 20, 2005 (PRIMEZONE via COMTEX) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) wishes to report that it has entered into negotiations on a potential multi-well oil and gas prospect located in Alberta, Canada. The board is in the final stages of due diligence and a decision on this prospect is expected shortly.
Bernie McDougall, President of Micron stated, "These have been extremely frustrating times for our loyal shareholders as we have experienced nothing but delays in all of our current oil and gas drill programs. We want to thank the shareholders for their patience and we want to assure them that we are not sitting back waiting for things to happen. We are going to be more proactive in getting additional drill programs while we wait to complete our current drill programs. We feel that 2006 will be a period of growth for MSEV as we continue to drill our existing oil and gas assets, as well as drill new projects in the near future."
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.
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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
| IP: Logged |
posted
Micron Enviro Systems, Inc. (MSEV) wishes to report that it has entered into negotiations to acquire oil sands assets in Alberta, Canada. A final decision on this exciting new project is expected within 14 days.
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.
According to a report by 60 Minutes on the Alberta Oil Sands there are 175 billion barrels of proven oil reserves here. That's second to Saudi Arabia's 260 billion but it's only what companies can get with today's technology. The estimate of how many more barrels of oil are buried deeper underground is staggering. "We know there's much, much more there. The total estimates could be two trillion or even higher," says Clive Mather, Shell's Canada chief. "This is a very, very big resource." Very big? That's eight times the amount of reserves in Saudi Arabia. The oil sands are buried under forests in Alberta that are the size of Florida. The oil here doesn't come gushing out of the sand the way it does in the Middle East. The oil is in the sand. It has to be dug up and processed.
Bernie McDougall, President of Micron stated, "We feel that the Alberta Oil Sands are going to be the future of oil and gas production in North America and the best way to maximize shareholder value is for MSEV to participate in this area. Going forward we have every intention to start to acquire oil sand assets. This is a very exciting time to be an oil and gas company, with prices at near historic highs and we are pleased to be back actively looking for assets to grow MSEV."
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.
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
| IP: Logged |
posted
Nice.......matto, you must be making a truckload off this one...congrats I love when I see my Port. go up in leaps and bounds,I'm jealous of your excitement now. hope my time comes soon. Had some fun with SNIO today though
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!! Posts: 2086 | From: Long Island New York | Registered: Aug 2004
| IP: Logged |
posted
I've been a bag-holder on this one for over a year. Nice to see it finally coming to life again.
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
| IP: Logged |
I sure hope so. If this thing makes it to 0.08 I will be satisfied.
GL
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
| IP: Logged |
quote:Originally posted by matto: Well heres your .08 and i will raise you to .11
Between this stock and TLPE, I am about to beat the piss out of someone from E-trade.
I tried to take some profit off the table today with this one and somehow, even though it hit my limit, it didn't sell.
Grrrrrr......
I hope this one still has legs or I might just have to liquidate my entire holdings.
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
| IP: Logged |
posted
Micron Signs New Alberta Multi Well Drill Program 2/7/06
VANCOUVER, British Columbia, Feb 7, 2006 (PRIMEZONE via COMTEX) -- 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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Frown]](frown.gif)
![[Wink]](wink.gif)
