Micron Enviro Systems, Inc.´s (OTCBB: MENV) (Frankfurt Stock
Exchange: NDDA --- WKN:A0J3PY---ISIN: US59510E2072) ("Micron" or the
"Company") President, Bernard McDougall, is pleased to announce that
additional information from the initial test well on the Leismer Oil
Sands Prospect has now been received from the operator. Based on this
data the potential oil bearing zone is approximately 28 meters (92
feet) in thickness with the main oil bearing zone situated from
approximately 383 metres (1256 feet) to 395 metres (1296 feet) within
the McMurray Oil Sands Formation. Within this zone the average oil
saturation (pore volume) was 71.8% (35 readings) with a high reading
of 94.8% and a low of 48.7%. The calculated porosity was 31.9 and
the horizontal permeably was 3693 mD (milli Darcy). Additional
work on this prospect is anticipated later this year.
Bernard McDougall, President of Micron stated "This is significant
news for Micron as this additional data on the first Alberta Oil
Sands core well has confirmed the earlier positive evaluation on this
prospect. This prospect is further along than any other oil sands
prospect we are involved in and we expect additional drilling to
prove up the reserves of the property with the ultimate goal of
producing or selling our interest in the property if a suitable offer
was tabled in the future. This prospect lies directly between and
contiguous to Petrobank and North American Oil Sands, which was
recently purchased for approximately $1.9 billion by Statoil of
Norway. It is apparent that the major oil companies throughout the
world feel that Oil Sands companies may be undervalued with oil
prices at these levels. It would not be surprising to management to
see additional consolidation in the Oil Sands."
Micron is an emerging oil and gas company that now has exposure to
eight separate leases consisting of interests in 24.5 gross sections
(15,500 acres) in the Oil Sands 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, and has a
4.17 % net interest the 4.5 Oil Sands Partnership 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 Oil
Sands projects. At this time, Micron is one of, if not the smallest,
market capitalized company with multiple leases (eight) and now has
positive operations underway in this world-class oil and gas
producing region. 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
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