Micron Enviro Systems Receives Buy-Out Offer

Micron Enviro Systems, Inc. has been presented an offer by Lexus Gas Corporation of Texas to purchase MSEV's interest in the IMA Bridges #2 Well in Palo Pinto County, Texas. MSEV has until May 15, 2004, to makes its decision on the offer. Lexus Gas Corporation, and its predecessor, have been involved in oil and gas properties in Palo Pinto County for over 30 years. Bernie McDougall, President of MSEV stated, "This offer is being considered by MSEV's board of directors. It is nice to be involved in a project that others feel has merit as we still have five more wells to test. MSEV still has five more wells to drill and/or test on the Martex Prospect, and at least one well on the Manahuilla Creek Prospect, within the next few months. All of the costs to drill and/or test these six wells have already been paid."

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 Conglomerates at approximately 4,000 feet, and the Missippian 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 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's new Texas prospect, the Manahuilla Creek Prospect, is expected to commence operations prior to the end of April 2004 barring any unforeseen issues.

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