One prospect is for a substantial working interest located in Alberta, Canada and the other is a continuation of the recently announced multi-well prospect in Jack and Palo Pinto Counties, Texas.

"These two prospects would be a great addition to our oil and gas portfolio. If we continue with our newly announced Texas prospect for five additional wells, this would give us a continual stream of drilling news for at least the next few months," said Bernie McDougall, president of MSEV.

"These five additional wells are scheduled to be drilled one after the other starting with the first well of seven potential wells in the next few days. Also, if we can secure a significant interest in the exciting prospect in Alberta then that would give MSEV four separate multi-well projects."

MSEV anticipates the starting the multi-well prospect in Jack and Palo Pinto Counties within the next few days.