InvestorsHub Logo
Followers 17
Posts 13856
Boards Moderated 1
Alias Born 11/18/2003

Re: None

Saturday, 01/13/2007 10:05:58 AM

Saturday, January 13, 2007 10:05:58 AM

Post# of 524
Micron Enviro Systems Inc Acquires Significant 50% Interest in Six New Contiguous Alberta Oil Sands Sections next to the Royal Dutch Shell
Micron Enviro Systems Inc. (OTCBB: MENV) (Frankfurt: NDDA --- WKN:A0J3PY---ISIN: US59510E2072) ("Micron") is extremely pleased to announce that it has just acquired an impressive 50% interest in six new contiguous Athabasca Oil Sands sections in Alberta, Canada. These new sections comprise of approximately 3,800 acres in prime Athabasca Oil Sands Area which is the largest oil sands development region on earth. This new lease is directly beside Paramount Energy Ope and is situated directly above the massive Oil Sands package that the Royal Dutch Shell paid approximately $450,000,000 for. This new acquisition is completely independent of the negotiations for additional Oil Sands leases announced December 28, 2006. A decision on those leases is still expected before the end of January.

Bernie McDougall, president of Micron stated, "This is quite possibly the most important acquisition in the companys history. Not only are these new sections in the worlds largest and most important Oil Sands region, but this acquisition represents the single largest ownership of any oil and gas prospect the company has attained. We feel that the Oil Sands of Alberta is the future of global oil production and Micron at this time is one of if not the smallest company that has active operations in the Alberta Oil Sands. Now with this new acquisition we feel that Micron offers tremendous leverage in regards to investing in the single largest known oil deposit on earth."

Recently, Micron was informed by the operator of the test well on the Leismer Oil Sands Prospect that it has now been completed and initial indications show impressive oil sands thickness. The core as well as the bore hole imaging tool will be analyzed within the next 5-10 days. The seismic is also expected to be completed and analyzed within 10-15 days, barring any unforeseen issues. The results will then be incorporated and released once final analysis is complete. The operator stated, "My prognosis is that with the calibrated seismic (to the well), the hole imaging tool (FMI) and the core, we will pinpoint a thick oil sands pod for SAGD production." This prospect lies directly between Petrobank and North American Oil Sands and viewing the initial data would appear that the formation and thickness on our property is consistent with these companies. (Please refer to the map on the website www.micronenviro.com for more details) Petrobank has stated a potential resource of 1.6 billion barrel and North American Oil Sands with a stated 4.09 billion potential barrels in ground. A recent third party independent report stated that there is potentially $3.7 billion (gross) worth of oil reserves on the total acreage that which Micron has an interest. This impressive number does not take into account the new information on the impressive thickness of the Leismer Oil Sands Prospect or any value to the significant acreage acquired today.

Micron is an emerging oil and gas company that now has exposure to five separate leases in the Athabasca Oil Sands of Alberta, Canada, which is the largest Oil Sands region in the world, and has minor production from multiple conventional oil and gas wells. 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 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.

Contact:

Micron Enviro Systems, Inc.
Bernie McDougall
Phone (604) 646-6903
Fax: (604) 689-1733

ir@micronenviro.com
www.micronenviro.com

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.