Bernie McDougall, President of MSEV stated, "This is great timing to be able to announce another successful well. This now gives us fifteen wells generating revenue for MSEV. When you consider that we still have five additional wells to be worked on within the next couple of months and that prices of oil and gas are near all time highs, these next few months could be the most significant time in the company's growth. We are very excited and optimistic about increasing our revenue for the company which in turn would increase shareholder value. By continuing to drill and be successful with the drilling is growing the company's revenue, and in turn is moving us closer to attaining our goal of becoming a mid-range oil and gas company."
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 marketplace. MSEV currently has fifteen independent sources of oil and/or gas revenue. MSEV's production is from nine oil wells in Canada, and six wells producing oil and/or 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 to building our market capitalization.
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