Drilling Z2
February 3, 2003 OTCBB: MSEV
Z2 Well in Texas Reaches 1,525 feet
Micron Enviro Systems ("MSEV") is extremely pleased to announce that
drilling of the Z2 Well on the Green Ranch Prospect commenced drilling on
February 1. Currently the well has been drilled down to 1,525 feet. The
operator expects drilling on the Z2 to take approximately 10-14 days barring
any unforeseen issues. The Z2 Well will have two primary targets that are
intended to be tested.
The Green Ranch Prospect is a proposed 15 well program consisting of 4,131
acres of leasehold on the Green Ranch in Stephens County, Texas. This
leasehold is located approximately 50 miles northeast of Abilene, Texas and
approximately 10 miles northwest of Breckenridge, Texas, along the North
Stephens-Shackelford County line. The Green Ranch Prospect lies within an
oil and gas producing province identified as Texas Railroad Commission
District 7B, which encompasses 24 counties in North Central Texas. TRRC
reports indicate District 7B has produced a total of 2.225 billion barrels
of oil from 1935 through to June 2001. These reports also indicate the
district has made 2.277 TCF of unassociated gas (gas wells) from 1970
through to June 2001. It is estimated that this district accumulated
approximately 2.78 TCF of casinghead gas. During the year 2000, District 7B
made 14.1 million barrels of oil, 18.6 BCF of casinghead gas and 45.3 BCF of
unassociated gas. There has been over $1.9 million spent on the Green Ranch
Prospect.
By interpreting the seismic data, several "bright spots" have been
identified within the Bend Conglomerate and other formations within the
prospect and are being targeted for testing. In 1997, a well drilled on one
of the "bright spots" in the Conglomerate blew out around the surface
casing, flowing at rates of 10 to 15 million cubic feet per day.
In other corporate news, meetings are scheduled for this week in regards to
the 50 well oil prospect in Saskatchewan 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.
Bernie McDougall, President of MSEV states, "We are thrilled about the
drilling of our second well of our proposed 15 well program in Texas. MSEV
continues to develop its oil and gas prospects as well as build strategic
relationships to enhance shareholder value. This is a tremendously exciting
time for MSEV and its shareholders."
MSEV is an emerging oil and gas company with the goal of becoming a
mid-range oil and gas producer that focuses on the North American
marketplace.
This press release contains forward-looking statements that involve risks
and uncertainties. The statements in this release are forward-looking
statements that are made pursuant to the safe harbor provision of the
Private Securities Litigation Reform Act of 1995. Actual results, events and
performance could vary materially from those contemplated by these
forward-looking statements. These statements involve known and unknown risks
and uncertainties, which may cause the Company's actual results in future
periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include, among
other things, volatility of oil and gas prices, product demand, market
competition, and imprecision of reserve estimates, and actual ability to
recovery oil and gas that is present or represented to the company by the
operator. You should independently investigate and fully understand all
risks before making investment decisions.
Contact Information:
Bernie McDougall
Micron Enviro Systems, Inc.
info@micronenviro.com
TEL: (604) 646-6903
Fax: (604) 689-1733
www.micronenviro.com