Micron Enviro Systems, Inc. Announces New Gas Discovery.Energy Editors/Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 14, 2004 Micron Enviro en·vi·ro n. pl. en·vi·ros Informal An environmentalist. Systems, Inc. ("MSEV")(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MSEV) is extremely pleased to announce that it has been notified by the operator that gas was discovered in the Henderson #3 Well on the Martex Prospect in Jack County, Texas Jack County is a county located in the U.S. state of Texas. In 2000, its population was 8,763. Its county seat is Jacksboro6. Jack County is named for Patrick Churchill Jack, and his brother William Houston Jack, both soldiers of the Texas Revolution. . After acidization gas started to flow at a rate of 300 mcf per day. This rate was achieved without having to frac the well, as the operator previously thought was required. Bernie McDougall, president of MSEV stated, "This is great news. To get these kinds of numbers without having to frac the well was beyond our expectations. This now gives us two wells out of the seven that have been tested and both are now producing revenue for us. This is a very exciting time for MSEV as we still have five more wells on this prospect to be drilled and/or tested and at least one well on our Goliad County prospect, over the next few months. This new well now gives us thirteen independent wells providing oil and/or gas revenue. Our goal is to become a mid range oil and gas company and this new discovery contributes to this goal. Considering our market cap of less than 2 million dollars, we feel there are few, if any, companies that trade at our level that have the drilling activity that MSEV has." 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 saline /sa·line/ (sa´len) (sa´lin) salty; of the nature of a salt; containing a salt or salts. normal saline , physiological saline physiologic saline solution. 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 The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square 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. 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 North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. marketplace. MSEV currently has thirteen 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 Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . 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 press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 im·pre·cise adj. Not precise. im pre·cise ly adv. 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.
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