Micron Enviro Systems Announces Alberta Oil Sands Operations to
Commence
VANCOUVER, British Columbia, Nov. 14, 2006 (PRIMEZONE) -- Micron
Enviro Systems, Inc. (OTCBB:MENV), (Frankfurt:NDD), ("Micron") is
extremely pleased to announce that operations on the Alberta Oil
Sands prospects are about to commence. The seismic operations are
scheduled to begin shortly, followed by a drill program to delineate
out the potential size of the oil sand resource. The Oil Sands of
Canada hold recoverable reserves of 175 billion barrels with a proven
reserve life of 480 years and another 130 billion barrels of
potential reserves, which is second only to Saudi Arabia's 262
billion barrels. As a comparison, the United States has only 29
billion barrels of recoverable reserves and has decreasing domestic
production while their demand is increasing by 1-2% every year.
Canada is in an optimal position to supply oil to the U.S. with its
favorable political climate, close proximity and being one of the few
non-OPEC countries which can grow its oil production.
Bernie McDougall, President of Micron stated, "This is potentially
the most important news that the company has ever had. The oil sands
of Alberta is one of the single largest natural resources deposits in
the world and for a company of our size to have an interest in
multiple leases is a substantial growth driver to build the company
on. Now that we are about to start up operations it should signal to
our existing and potential shareholders the seriousness of
management's commitment to grow the company. It has been a very quiet
time for the company recently, but we feel that going forward the
company will be far more active on its oil and gas prospects.
Currently the stock is trading at more than 75% below our recent
highs and that was at a time when we had far less assets and had not
yet started work on the Oil Sands prospects we have interest in. We
feel that 2007 could be a watershed year in terms of growth for
Micron."
Micron has added three additional Alberta Oil Sands leases consisting
of 4 new sections in the world-class Athabasca Oil Sands region in
2006. Two of these new sections are within 5 miles of Micron's
existing Athabasca Oil Sands Prospect. These two new sections are
close to the existing Oil Sands leases held by Connacher Oil and
Gas's Great Divide Prospect, as well as to other major Oil Sands
projects by Devon, EnCana, and ConocoPhilips. The other new Alberta
Oil Sands lease acquired consists of two contiguous sections that lie
just southwest of the announced Royal Dutch Shell Plc Oil Sands
leases which they recently purchased for approximately $400 million.
Micron is planning to re-initiate a marketing plan to create
additional awareness for the company as the oil and gas operations
start up. There has been very little marketing since the company
changed its symbol to MENV, therefore management feels the market may
not be aware of what the company is doing. This plan will primarily
be email based and will target 100 percent opt-in private and
institutional investors that trade stocks in Micron's price range.
Micron is an emerging oil and gas company that has exposure to four
separate leases in the Athabasca Oil Sands of Alberta, Canada, which
is the largest Oil Sands region in the world, and has production from
multiple conventional oil and gas wells. Micron is one of if not the
smallest market capitalized company with exposure to multiple Alberta
Oil Sands. 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. Micron currently has multiple
independent sources of oil and/or gas revenue from production in
Canada and Texas. Micron is presently involved in multiple oil and
gas prospects, and continues to look for additional projects that
would contribute to building Micron's market capitalization,
including additional Oil Sands projects.
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 www.SEC.gov. 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: Micron Enviro Systems, Inc.
Bernie McDougall
+1 (604) 646-6903
Fax: (604) 689-1733
ir@micronenviro.com
www.micronenviro.com
