Micron Enviro Systems has entered into an agreement to participate in a multi-well gas project located in Palo Pinto and Jack Counties, Texas. The first phase of this program is expected to begin drilling within the next two weeks. Bernie McDougall, President of MSEV stated, "This is another great project for us. We are moving straight into our next drilling program directly on the heels of our recently announced nine new oils wells in Saskatchewan, Canada. The Green Ranch and the Kerrobert Projects, provide MSEV with two separate producing oil and/or gas projects. We have two wells both producing oil and gas revenue on the Green Ranch Project in Texas, and nine producing oil wells on the Kerrobert Project in Saskatchewan, Canada. We are moving forward with developing the company's sources of revenue as we strive to become a mid-range oil and gas company. This new Texas project is expected to begin in the very near term and should generate substantial excitement for MSEV as we start a brand new multi-well drill program. This project now gives us two separate drill programs in the state of Texas. We feel the best way to maximize shareholder value is to drill projects with low risk, high reward potential and to stay active with continual drill programs. This program fits our criteria and should enable MSEV to have a steady flow of drilling news for at least the next few months. We are expecting our two other drill programs to start up their next phases of drilling in the early part of the New Year as well. This is a very exciting time for MSEV and its shareholders."
MSEV is also currently conducting due diligence on two potential projects, one located in Saskatchewan, Canada, and the other is a multi-well oil target in Alberta, Canada.