VANCOUVER, British Columbia, Feb. 23, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) is pleased to report that the rig is now on location at the drill site of the Boyne Lake Prospect and that drilling is expected to commence. The drilling is expected to take approximately 7-10 days, barring any unforeseen issues. The seismic program on this prospect was comprised of three seismic lines for a total of 8.6 km. The lines tie in the neighbor's successfully tested well (3.4 million cubic feet of gas per day absolute open flow) three quarters of a mile northwest of the property and in addition, also incorporate parts of two neighboring sections along with the Boyne Prospects owned section. This prospect is approximately 45 miles away from Athabasca, Alberta.
In other news, a final decision regarding an oil sands venture in Alberta, Canada, is expected next week.
MSEV has also initiated the process of listing its shares on the Frankfurt Stock Exchange. The process is expected to be completed within 2-6 weeks. There are a large amount of junior resources companies that have listed on the Frankfurt Exchange which have received positive substantial exposure from the listing.
Bernie McDougall, President of Micron stated, "Finally things are starting to come together for MSEV. We are about to start drilling for the first time in months and we are looking at entering into an Alberta Oil Sands venture. Couple these exciting events with our upcoming Frankfurt listing and it is clear that the MSEV is turning the corner in terms of achieving our goal of becoming a mid-range oil and gas company. Considering our market cap is still barely over $15 million and other OTC stocks with exposure the Alberta Oil Sands have much larger market caps, we feel MSEV has a very bright 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 multiple independent sources of oil and/or gas revenue from production in Canada and 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 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. Contact Information: