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News Release - Thursday, August 23, 2007
Micron Enviro Systems Inc. To Drill Alberta Oilsands Prospect
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Micron Enviro Systems, Inc.'s (OTCBB: MENV)
(Germany--NDDA) ("Micron"
or the "Company") is extremely pleased to announce that the majority
partner on Micron's Muskwa Oilsands
Prospect, Patch International Inc.
("Patch"), has stated that this prospect is part of Patch's proposed
2007/2008 drill program. This prospect lies approximately 10
kilometers directly to the south of the Sure Royal Dutch Shell's
prospect and in close proximity to multiple producing Alberta Oilsands
Projects.
Bernard McDougall, President of Micron stated, "This is tremendous news
for Micron. The two most important aspects of early stage Oilsands
companies' development are the acquisitions of land and the testing of
the land to prove up the potential resource in ground. With this
announcement Micron is poised to test an Oilsands Prospect that
management did not expect to work on this year with a partner that has
already achieved successful results from Oilsands drilling this month.
This is an added bonus drill program at a time of historically high oil
prices and great geopolitical chaos in most major oil producing regions
outside of North America. Our shareholders
have been pleased with the
acquisitions of additional Oilsands property, but drilling the land has
been an aspect that has been absent for some months and we expect this
issue to be addressed. Drilling this prospect may enable Micron to
have multiple Oilsands drill programs occurring in 2007-08 drill
season. Micron's shares are now more than 60% below the recent highs
despite that since that time the Company has added interest in 22,773
additional Alberta Oilsands acres, has attained positive results from
the initial drill program on the Leismer Oilsands Prospect and is now
proposing an additional Oilsands drill program. Management is excited
about the future of Micron and is confident that additional Oilsands
acreage can be added in 2007."
Recently Micron acquired an interest in 2,530 acres of Alberta Oilsands
land. This new acquisition is contiguous to an acquisition completed
by Micron earlier this year. This block is within and contiguous to the
city of Fort McMurray
and now forms a block of land that totals 3,795
acres. Fort McMurray
is the primary city where most of the world's
largest Oilsands facilities are located near, including Syncrude,
Suncor and Petro-Canada.
Micron is an emerging oil and gas company that now has exposure to
multiple leases consisting of interests in 50.5 gross sections (31,945
acres) in the Oilsands of Alberta, Canada, which is one of the largest
oil producing regions in the world. Micron holds 100% interest in 4
sections, 50% interest in 16 other sections, 5% interest in 26
sections, and has a 4.17 % net interest in 4.5 additional Oilsands
sections. Micron also has minor production from multiple conventional
oil and gas wells throughout North America. Micron'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. Management continues to look for additional projects that
would contribute to building Micron's market capitalization, including
additional Oilsands projects. This is quite an enviable position for a
company of Micron's modest market capitalization, and therefore Micron
offers tremendous leverage to one of the world's largest oil resources.
Please visit our website for detailed maps of the locations of
Micron's prospects at www.micronenviro.com.
If you have any questions, please call Micron at (604) 646-6903. If you
would like to be added to Micron'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 . For all details
regarding working
interests in all of MENV'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:
Bernard McDougall
Micron Enviro Systems, Inc.
ir@micronenviro.com
TEL: (604) 646-6903
Fax: (604) 689-1733
www.micronenviro.com
This service is intended for dissemination of company information only.
This is not a solicitation to buy or sell securities. Any decision to
buy or sell securities should be discussed with a professional in the
financial industry. If you would like to be deleted from this service
or feel this message was sent in error, please send an email to
info@micronenviro.com with delete in the subject line and use the exact
email address as it appears in this message.
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Copyright (c) 2007 MENV--MICRON ENVRIO SYSTEMS (MENV) All
rights
reserved. For more information visit our website at
http://www.micronenviro.com/ or send mailto:ir@micronenviro.com
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