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<TITLE>Filed By Filing Services Canada Inc. 403-717-3898</TITLE>
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<META NAME="date" CONTENT="12/24/2003">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>SECURITIES AND EXCHANGE COMMISSION</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Washington, D.C. &nbsp;20549</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>FORM S-8 REGISTRATION STATEMENT</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>UNDER THE SECURITIES ACT OF 1933</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:360pt; text-indent:-360pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; padding-left:360pt; text-indent:-216pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=center>COMMISSION FILE NUMBER: </P>
<P style="margin:0pt; padding-left:36pt; text-indent:-36pt; font-family:CG Times; font-size:11pt"><BR></P>
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<TABLE cellspacing=0><TR><TD valign=top width=590.4 colspan=3><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=center><U>MICRON ENVIRO SYSTEMS, INC.</U></P>
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<TR><TD valign=top width=590.4 colspan=3><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=center>(Exact name of small business issuer as specified in its charter)</P>
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<TR><TD valign=top width=196.667><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt"><U>Nevada</U></P>
</TD><TD valign=top width=197.133><P style="margin:0pt; font-family:CG Times; font-size:11pt" align=center><BR></P>
</TD><TD valign=top width=196.6><P style="margin:0pt; font-family:CG Times; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=right><U>98-0202944</U></P>
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<TR><TD valign=top width=196.667><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt">(State or other jurisdiction of incorporation or organization)</P>
</TD><TD valign=top width=197.133><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=center>(Primary Standard Industrial </P>
<P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=center>Classification Code Number)</P>
</TD><TD valign=top width=196.6><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=right>(I.R.S. Employer Identification No.)</P>
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<TR><TD valign=top width=590.4 colspan=3>&nbsp;</TD></TR>
<TR><TD valign=top width=393.8 colspan=2><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt"><U>789 West Pender Street, Suite 1205, Vancouver, British Columbia</U></P>
</TD><TD valign=top width=196.6><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=right><U>V6C 1H2</U></P>
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<TR><TD valign=top width=393.8 colspan=2><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt">(Address of principal executive offices)</P>
</TD><TD valign=top width=196.6><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=right>(Zip Code)</P>
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<TR><TD valign=top width=590.4 colspan=3><P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=center><U>604.646-6903</U></P>
<P style="margin:0pt; line-height:13pt; font-family:CG Times; font-size:11pt" align=center>(Issuer's Telephone Number, including Area Code)</P>
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<TR><TD valign=top width=590.4 colspan=3>&nbsp;</TD></TR>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Non-Qualified Stock Option Agreement with Negar Towfigh</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>&nbsp;(Full Title of the Plan)</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Thomas E. Stepp, Jr.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>STEPP LAW GROUP</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>32 Executive Park, Suite 105</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Irvine, CA &nbsp;92614-6742 </U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Name and Address of Agent for Service)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>949.660.9700</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>&nbsp;(Telephone Number of Agent for Service)</P>
<P style="margin:0pt; line-height:11.5pt; font-family:Times New Roman; font-size:9.5pt">&nbsp;&nbsp;</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>CALCULATION OF REGISTRATION FEE</P>
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<TABLE cellspacing=0><TR><TD style="border-top:3pt double #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=184.8><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>Title of &nbsp;securities</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>to be registered</P>
</TD><TD style="border-top:3pt double #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=132><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>Amount</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>to be</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>registered(1)</P>
</TD><TD style="border-top:3pt double #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=132><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>Proposed maximum</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>offering price</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>per share</P>
</TD><TD style="border-top:3pt double #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=132><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>Proposed maximum</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>aggregate</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>offering price</P>
</TD><TD style="border-top:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=120><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>Amount of</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>registration fee</P>
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<TR><TD style="border-right:0.75pt solid #000000; border-bottom:3pt double #000000" valign=top width=184.8><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Common Stock, $.001 par value</P>
</TD><TD style="border-right:0.75pt solid #000000; border-bottom:3pt double #000000" valign=top width=132><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>650,000</P>
</TD><TD style="border-right:0.75pt solid #000000; border-bottom:3pt double #000000" valign=top width=132><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$ 0.031</P>
</TD><TD style="border-right:0.75pt solid #000000; border-bottom:3pt double #000000" valign=top width=132><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$20,150</P>
</TD><TD style="border-bottom:3pt double #000000" valign=top width=120><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$1.63</P>
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<P style="margin:0pt; text-indent:360pt; font-family:Times New Roman; font-size:8pt" align=center><BR></P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-left:36pt; text-indent:-18pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">(1)</P>
<P style="margin:0pt; padding-left:36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Consists of underlying shares pursuant to a Non-Qualified Stock Option Agreement with Negar Towfigh</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>EXPLANATORY NOTE</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Under cover of this Form S-8 is our reoffer prospectus prepared in accordance with Part I of Form S-3 under the 1933 Act. Our reoffer prospectus has been prepared pursuant to Instruction C of Form S-8, in accordance with the requirements of Part I of Form S-3, and may be used for reofferings and resales on a continuous or delayed basis in the future of up to an aggregate of 650,000 &quot;control securities&quot; which may be issued, pursuant to the Stock Option Agreement between Micron Enviro Systems, Inc. and Negar Towfigh, our company's Secretary and CFO.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>PART I</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We will send or give the documents containing the information specified in Part I of Form S-8 to Negar Towfigh as specified by the Securities and Exchange Commission Rule 428(b)(1) under the 1933 Act. We do not need to file these documents with the Securities and Exchange Commission either as part of this registration statement or as a prospectus or prospectus supplement under Rule 424 of the 1933 Act.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>REOFFER PROSPECTUS</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The date of this prospectus is December 22, 2003</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Micron Enviro Systems, Inc.<BR>
Suite 1205, 789 West Pender Street<BR>
Vancouver, British Columbia V6C 1H2 Canada</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>650,000 Shares of Common Stock</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>This reoffer prospectus relates to 650,000 shares of our common stock that may be offered and resold from time to time by the selling stockholder identified in this prospectus for her own account. It is anticipated that the selling stockholder will offer shares for sale at prevailing prices on the OTC Bulletin Board on the date of sale. Apart from receipt of the exercise price of the options, we will receive no part of the proceeds from sales made under this reoffer prospectus. The selling stockholder will bear all sales commissions and similar expenses. Any other expenses incurred by us in connection with the registration and offering and not borne by the selling stockholder will be borne by us.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The selling stockholder and any brokers executing selling orders on her behalf may be deemed to be &quot;underwriters&quot; within the meaning of the Securities Act of 1933, in which event commissions received by such brokers may be deemed to be underwriting commissions under the Securities Act of 1933.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our common stock is traded on the OTC Bulletin Board under the symbol &quot;MSEV.&quot; On December 19, 2003, the last reported price of our common stock on such market was $0.033 per share.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>THE COMMON SHARES OFFERED PURSUANT TO THIS REGISTRATION STATEMENT INVOLVE A HIGH DEGREE OF RISK. SEE &quot;RISK FACTORS&quot; ON PAGE 11 OF THIS REOFFER PROSPECTUS. THESE ARE SPECULATIVE SECURITIES.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE.</P>
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<TD style="border: 3pt double #DFDFDF" valign=top width=734 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">TABLE OF CONTENTS</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Page Number</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Reoffer Prospectus</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>2</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Available Information</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>5</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Incorporation of Documents by Reference</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>5</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Prospectus Summary</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>7</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Summary of Risk Factors</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>7</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Forward-Looking Statements</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>7</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Glossary of Terms</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>8</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Description of Business </P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>9</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Risk Factors</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>11</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Use of Proceeds</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>16</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Selling Stockholder</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>16</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Plan of Distribution</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>18</P>
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<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=541.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Experts</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=96.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>18</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>REOFFER PROSPECTUS</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Available Information</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>No person has been authorized in connection with the offering made hereby to give any information or to make an representation not contained in this Prospectus and, if given or made, such information or representation must not be relied upon as have been authorized by the Company or any affiliate of the Company. &nbsp;This Prospectus does not constitute an offer to sell or a solicitation of an offer to buy any of the securities offered hereby to any person or by any person in any jurisdiction in which it is unlawful to make such offer or solicitation. &nbsp;Neither the delivery of this Prospectus nor any sale made hereunder shall, under any circumstances, create any implication that the information contained herein is current as of any date subsequent to the date hereof.&#148; &nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Micron Enviro Systems, Inc. (&#147;we&#148;, &#147;us&#148;, &#147;our&#148;) files annual, quarterly and special reports, proxy statements, and other information with the Securities and Exchange Commission as is required by the Securities Exchange Act of 1934. You may read and copy any reports, statements or other information we have filed at the SEC's Public Reference Room at 450 Fifth Street N.W., Washington, D.C. 20549. Please call the Securities and Exchange Commission (&#147;SEC&#148;) at 1-800-SEC-0330 for further information on the Public Reference Rooms. In addition, copies may be obtained (at prescribed rates) at the SEC's Public Reference Section, 450 Fifth Street, N.W., Washington, D.C. 20549. &nbsp;Our filings are also available on the Internet at the SEC's website at <U>http:\\www.sec.gov</U>.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We have filed with the SEC a registration statement on Form S-8 (of which this Prospectus is a part) under the Securities Act of 1933 with respect to the securities offered hereby (the Registration Statement&#148;). &nbsp;This Prospectus does not include all of the information set forth in the Registration Statement, certain parts of which are omitted in accordance with the rules and regulations of the SEC. &nbsp;For additional information, reference is made to the Registration Statement, including exhibits filed therewith. &nbsp;Such information may be inspected, and copies thereof may be obtained, at the places and in the manner set forth above.&#148; </P>
<P style="margin:0pt; font-family:Arial" align=justify>&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Incorporation of Documents by Reference</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The SEC allows us to &quot;incorporate by reference&quot; information into this registration statement, which means that we can disclose important information to you by referring you to another document filed separately with the SEC. The information incorporated by reference is deemed to be part of this registration statement, except for any information superseded by information in this registration statement.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The following documents filed by us with the SEC are incorporated herein by reference:</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(a)</P>
<P style="margin:0pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our latest Quarterly Report on Form 10-QSB/A for the quarter ended</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>September 30, 2003 filed with the Securities and Exchange Commission on November 25, 2003;</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(b)</P>
<P style="margin:0pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our latest Quarterly Report on Form 10-QSB for the quarter ended June 30, </P>
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<P style="text-indent: -18pt; line-height: 14pt; font-family: Times New Roman; font-size: 12pt; margin-top: 0pt; margin-bottom: -14pt; padding-left: 54pt" align=justify>(c)</P>
<P style="margin:0pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>2003 filed with the Securities and Exchange Commission on August 14, 2003;</P>
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<P style="text-indent: -18pt; line-height: 14pt; font-family: Times New Roman; font-size: 12pt; margin-top: 0pt; margin-bottom: -14pt; padding-left: 54pt" align=justify>(d)</P>
<P style="margin:0pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our latest Quarterly Report on Form 10-QSB for the quarter ended March 31,</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>2003 filed with the Securities and Exchange Commission on May 20, 2003;</P>
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<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(d) Our latest Annual Report on Form 10-KSB/A for the year ended December</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>31, 2002 filed with the SEC on April 11, 2003;</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(e) All of our other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), since September 3, 1999;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(f) The description of our common stock contained in the registration statement on Form 10-SB filed with the SEC on May 13, 1999, as amended on September 3, 1999; and</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(g) All other reports (and documents) filed by us after the date of this Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing such documents.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In addition to the foregoing, all documents that we subsequently file pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment indicating that all of the securities offered pursuant to this reoffer prospectus have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be part hereof from the date of filing of such documents. Any statement contained in a document incorporated by reference in this registration statement shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in this reoffer prospectus or in any subsequently filed document that is also incorporated by reference in this reoffer prospectus modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Any statement contained in a document incorporated or deemed to be incorporated in this Prospectus by reference shall be deemed to be modified or superseded for purposes of this Prospectus to the extent that a statement contained in this Prospectus or in any other subsequently filed document which also is or is deemed to be incorporated in this Prospectus by reference modifies or supersedes such statement. &nbsp;Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Prospectus.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>WE WILL PROVIDE WITHOUT CHARGE TO EACH PERSON TO WHOM A COPY OF THIS REOFFER PROSPECTUS IS DELIVERED, UPON ORAL OR WRITTEN REQUEST, A COPY OF ANY OR ALL DOCUMENTS INCORPORATED BY REFERENCE INTO THIS REOFFER PROSPECTUS (EXCLUDING EXHIBITS, UNLESS THE EXHIBITS ARE SPECIFICALLY INCORPORATED BY REFERENCE INTO THE INFORMATION THE REOFFER PROSPECTUS INCORPORATES). </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT, MICRON ENVIRO SYSTEMS, INC.SUITE 1205, 789 WEST PENDER STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6C 1H2. OUR TELEPHONE NUMBER IS 604.646.6903.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Prospectus Summary</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The following summary is qualified in its entirety by the more detailed information and financial statements and notes thereto appearing elsewhere in this reoffer prospectus. Consequently, this summary does not contain all of the information that you should consider before investing in our common stock. You should carefully read the entire prospectus, including the &quot;Risk Factors&quot; section, and the documents and information incorporated by reference into this reoffer prospectus.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Summary of Risk Factors</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>An investment in our common stock involves a number of risks which should be carefully considered and evaluated. These risks include:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(a) the fact that our securities must be considered highly speculative, generally because of the nature of our business and the early stage of its development;</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(b) the fact that our ability to continue exploration and, if warranted, development of our properties will be dependent upon our ability to raise significant additional financing;</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(c) that fact that we have suffered recurring losses from operations and have negative working capital and that these circumstances raise substantial doubt about our ability to continue as a going concern as described in an explanatory paragraph to our independent auditors' report issued in connection with our financial statements for the years ended December 31, 2001 and 2002;</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(d) the fact that in order to continue drilling on our oil and gas properties we will require substantial funds and depend upon the recommendations of the operator on each property and their respective geologists in regards to drilling operations; and </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(e) the fact that exploration for economic reserves of oil and gas is subject to a number of risk factors.</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>For a more complete discussion of risk factors relevant to an investment in our common stock see the &quot;Risk Factors&quot; section beginning on page 11 of this reoffer prospectus.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Forward Looking Statements</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>This reoffer prospectus contains forward-looking statements of our management. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology such as &quot;may&quot;, &quot;will&quot;, &quot;could&quot;, &quot;expect&quot;, &quot;estimate&quot;, &quot;anticipate&quot;, &quot;probable&quot;, &quot;possible&quot;, &quot;should&quot;, &quot;continue&quot;, or similar terms, variations of </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>those terms or the negative of those terms. Actual results may differ materially from those contemplated by the forward-looking statements. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements. </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>Glossary of Terms</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Barrel of Oil -</B> 42 U.S. Gallons at 60&quot;F. A net barrel refers to a quantity of oil net of the BS&amp;W content.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Exploration -</B> Any method used to discover new oil and gas fields.<BR>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Exploration well -</B> Well drilled to find an oil field.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Joint Operating Agreement (JOA) -</B> An agreement governing the operations of most jointly-owned properties/facilities.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Lease -</B> (1) A legal instrument executed by a mineral owner granting exclusive right to another to explore, drill, and produce oil and gas from a piece of land; (2) Used in conjunction with the actual location of a well(s) or unit separator installed to serve a single lease.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Lessee</B> - The person who receives the lease, sometimes called the tenant.<BR>
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<B>Lessor</B> - The person giving the lease, sometimes called grantor or landlord.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Natural Gas -</B> A mixture of hydrocarbon gases with varying amounts of impurities.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Net Revenue Interest</B> - The percent of the production revenue allocated to the working interest after first deducting proceeds allocated to royalty and overriding interest.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Operator -</B> The person or company, either proprietor or lessee, actually operating a well. The operator is a working interest owner and is also responsible for physical maintenance of the well and other responsibilities as covered in the JOA (Joint Operating Agreement).</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Overriding Royalty Interest (ORRI) -</B> An interest in production that is created and payable out of the working interest. Usually, the term of an ORRI is for the life of the mineral lease.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Reserves (of a field)</B> - Volume of oil trapped in a rock.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Royalty -</B> The share of the production or proceeds there from reserved to the lessor under the terms of the mineral lease. Normally, royalty interests are free of all costs of production (as distinguished from costs of marketing) except production taxes, and is established in the lease by reserving a royalty which is usually expressed fractionally.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Test Well -</B> The first well to be drilled on a lease to evaluate a certain horizon. It is commonly referred to as a &quot;wild cat&quot; well.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Working Interest</B> <B>- </B>Working interest in an oil or gas property is one that is burdened with the cost of development and operation of the property, such as the responsibility to share expenses of drilling completed or operating oil and gas property, according to working or operating mineral interest in any tract or parcel of land. Rights to overriding royalties, production payments, and the like do not constitute working interests because they are not burdened with the responsibility to share expenses of drilling, completing, or operating oil and gas property. Likewise, contract rights to extract or share in oil and gas, or in the profits from extraction, without liability to share in the costs of production do not constitute working interests. Income from such interests is generally considered to be portfolio income. </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Description of Business</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Our Development</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We were originally incorporated as Strathcona Capital Corp. on January 23, 1998 under the laws of the State of Nevada. &nbsp;We amended our Articles of Incorporation on February 1, 1999 to change our name to Micron Enviro Systems, Inc. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Our Current Business</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In February 2002, we acquired a 5% working interest, and a 2.5% net revenue interest in a proposed fifteen (15) well oil and gas program in Stephens County, Texas referred to as the Green Ranch Prospect. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The Green Ranch Prospect is a proposed 15 well program consisting of 4,131 acres of leasehold on the Green Ranch in Stephens County, Texas.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On May 10, 2002, drilling commenced on the first well, the Z1 well. &nbsp;The Z1 well was drilled to a total depth of 4,514 feet, production casing was set and cement was poured and dried. &nbsp;Permico Corporation (the &#147;Operator&#148;) constructed a gas pipeline for the Z1 well. &nbsp;The Z1 well is currently producing both oil and gas revenue. </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On November 27, 2002, for consideration of $10,000 we increased our net revenue interest on the second well of the Green Ranch Prospect, the Z2 well, from 2.5% to 3.9%, while our working interest remained at 5%. &nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On February 1, 2003, drilling commenced on the Z2 well. &nbsp;The Z2 well was drilled to a total depth of 4,249 feet, production casing was set and cement was poured and dried. &nbsp;&nbsp;&nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>There was a rework cash call on the Z2 well which we non-consented on, therefore 400% of our portion of costs must be recovered before we back into our 3.9%. &nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Both the Z1 and Z2 wells are currently producing oil and gas revenue. &nbsp;Depending on the recommendations of the Operator, we intend to participate in the drilling of the third well, the Z3, in the near term. &nbsp;Our ability to continue with the Green Ranch Project is contingent on being able to satisfy future cash requirements.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On October 7, 2002, we entered into an assignment agreement with First Goldwater Resources Inc. (&#147;Goldwater&#148;), whereby we acquired a 5% working interest and a 3.875% net revenue interest in the 12-10 Well located in Kern County, California for $2,500. &nbsp;The rights we acquired included the Pulv and Olcese Prospect. &nbsp;Goldwater is a related party in that it has a director, Conrad Clemiss, in common with us.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>This acquisition included an interest in a producing well that was producing from the Stevens Sands formation within the Bakersfield Arch. We acquired an interest, which would had enabled us to receive revenue from this well once the well had paid out 400% of its costs, subsequent to our acquisition the well was shut-in and is no longer producing but we continue to hold our percentage of rights to the Pulve and Olcese Prospect.</P>
<P style="margin-top:5pt; margin-bottom:5pt; line-height:14pt; font-family:Arial Unicode MS; font-size:12pt" align=justify>On March 27, 2003, we entered into a participation agreement with Patch Energy Inc., whereby we acquired the right to earn up to a 3.5% net revenue interest in an oil and gas property located in Saskatchewan, Canada (the &#147;Kerrobert Project&#148;) for consideration of incurring up to 5% of the costs associated with the drill program. &nbsp;The president of Patch Energy Inc., David Stadynk, is also one of our consultants. &nbsp;On May 30, 2003, we assigned 30% of our interest to Habanero Resources Inc. (&#147;Habanero&#148;). &nbsp;Thus, we currently have a&nbsp;3.5% working interest and a 2.45% net revenue interest in the Kerrobert Project. &nbsp;Habanero is a related party in that one of its directors, Negar Towfigh, is also one of our officers. &nbsp;We have drilled and cased nine wells on this property, and all nine wells are currently producing oil and generating revenue for us. &nbsp;Our ability to drill further wells on this project is completely contingent on our &nbsp;partners&#146; decision to drill further wells, our partners ability to meet future cash calls and our ability to meet future cash calls.</P>
<P style="margin-top:5pt; margin-bottom:5pt; line-height:14pt; font-family:Arial Unicode MS; font-size:12pt" align=justify>In September 2003, we entered into a letter agreement with Pemberton Energy Ltd. whereby we may purchase an option to acquire a 45% working interest in Tomahawk Prospect in Drayton Valley, Alberta, for 250,000 shares of our common stock. &nbsp;In October 2003, our board of directors approved the share issuance per the agreement and 250,000 restricted common shares were issued. &nbsp;Our ability to start drilling on this project is contingent on our majority partners&#146; decision of when to begin drilling, our partners ability to meet their future cash calls and our ability to meet future cash calls.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In September 2003, we entered into a participation agreement with The Cumming Company, Inc., whereby we will pay $425 for a 1% working interest and a 0.8% net revenue interest in the Marble Falls Rework Project in Jack County and Palo Pinto County, Texas. &nbsp;The participation agreement includes the re-entry and re-completion of Martex Ima Bridges #2 well and the Kinder #1 well. &nbsp;Furthermore, during this quarter we </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>paid $6,945 for 1% of all turnkey and re-completion costs attributed to the project. &nbsp;We have drilled both wells on this property, the Kinder #1 well, and the Martex Ima Bridges #2 well. &nbsp;We are currently in the process of fracing the Martex Ima Bridges #2 well. &nbsp;The operator has advised us that they anticipate both wells to be commercially successful, but until both wells have been flow tested we have no assurance of this projects&#146; commercial viability. &nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In October 2003, we entered into a joint operating agreement with Warpath Energy, Inc. (&#147;Warpath&#148;), whereby we may incur 5% of the costs of acquisition and work-over, estimated to be $17,500, for a 5% working interest in the Cloud Creek Project in Muskogee County, Oklahoma. &nbsp;We are currently waiting for Warpath, the operator on this project, to fully finance the project, at which time we anticipate operations will commence.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>Risk Factors</U></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our shares of common stock are considered speculative while we proceed with our commitments under our various oil and gas exploration agreements and/or while we continue our search for a new business opportunity. Prospective investors should consider carefully the risk factors set out below.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Likelihood of Profit</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our securities must be considered highly speculative, generally because of the nature of our business and the early stage of its development. We are engaged in the business of exploring and, if warranted, developing commercial reserves of oil and gas. Our properties are in the exploration stage only and are without known reserves of oil and gas. Accordingly, we have not realized a significant profit from our operations to date. &nbsp;We do expect to generate revenue from the Green Ranch Prospect and we anticipate generating revenue from the Kerrobert Project during the 2003 fiscal year, though we cannot predict the amount of revenue that may be generated. &nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Lack of Financial Resources</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our ability to continue exploration and, if warranted, development of our properties will be dependent upon our ability to sell our securities. &nbsp;&nbsp;We have limited cash reserves and we are dependent on raising significant funds in order to continue to operate and to pay our debts. In the event we are unable to raise significant funds, a portion of our interest in our properties may be lost to exploration partners or our properties may be lost entirely. </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>There can be no assurance that additional funding will be available to us for exploration and development of our projects or to fulfill our obligations under any applicable agreements. Although historically we have obtained financing in order to proceed with the development of some of our previous properties, there can be no assurance that we will be able to obtain adequate financing in the future or that the terms of such financing will be favorable. &nbsp;Failure to obtain such additional financing could result in delay or indefinite postponement of further exploration and development of our projects with the possible loss of such properties.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Going Concern Qualification</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>There is substantial doubt about our ability to continue as a going concern due to the losses incurred since inception, our stockholders' deficiency, and lack of substantial revenues. &nbsp;We anticipate that we may require financing in order to continue our exploration, and if warranted, development of our oil and gas properties. &nbsp;There can be no assurance that, if required, any such financing will be available upon terms and conditions acceptable to us, if at all. Our inability to obtain additional financing in a sufficient amount when needed and upon terms and conditions acceptable to us could have a materially adverse effect upon us. &nbsp;If additional funds are raised by issuing equity securities, further dilution to existing or future shareholders is likely to result. If adequate funds are not available on acceptable terms when needed, we may be required to delay, scale back or eliminate the development of any business opportunity that we acquire. Inadequate funding could also impair our ability to compete in the marketplace, which may result in our dissolution.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Financial Considerations</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our decision as to whether each of our properties contain commercial oil and gas deposits and should be brought into production will require substantial funds and depend upon the results of exploration programs and the recommendations of the operators on each property and their duly qualified engineers. This decision will involve consideration and evaluation of several significant factors including but not limited to: (1) costs of bringing a property into production, including exploration and development work, and construction of production facilities; (2) availability and costs of financing; (3) ongoing costs of production; (4) market prices for the oil and gas to be produced; (5) environmental compliance regulations and restraints; and (6) political climate, governmental regulation and control.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Currency Fluctuations</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We maintain our accounts in US and Canadian currencies and are therefore subject to currency fluctuations and such fluctuations may materially affect our financial position and results. We do not engage in currency hedging activities.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Need to Manage Growth</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We could experience rapid growth in revenues, personnel, complexity of administration and in other areas. There can be no assurance that we will be able to manage the significant strains that future growth may place on our administrative infrastructure, systems, and controls. If we are unable to manage future growth effectively, our business, operating results and financial condition may be materially adversely affected.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Dependence on Senior Management</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We are dependent on the efforts and abilities of certain of our senior management. The interruption of the services of key management could have a material adverse effect on our operations, profits and future development, if suitable replacements are not promptly obtained. We anticipate that we will enter into employment agreements with each of our key executives; however, no assurance can be given that each executive will remain with us during or after the term of his or her employment agreement. In addition, our success depends, in part, upon our ability to attract and retain other talented personnel. Although we believe that our relations with our personnel are good and that we will continue to be </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>successful in attracting and retaining qualified personnel, there can be no assurance that we will be able to continue to do so.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Dependence on Operators</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The operators on our various properties carry out the work necessary to obtain our right to earn an interest the respective properties, and therefore we are dependent upon the operators&#146; expertise in the area of oil and gas exploration.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Conflicts of Interest</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In addition to their interest in our company, our management currently engages, and intends to engage in the future, in the oil and gas business independently of our company. As a result, conflicts of interest between management and us might arise.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>&quot;Penny Stock&quot; Rules May Restrict the Market for the Company's Shares</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our shares of common stock are subject to rules promulgated by the SEC relating to &quot;penny stocks,&quot; which apply to companies whose shares are not traded on a national stock exchange or on the NASDAQ system, trade at less than $5.00 per share, or who do not meet certain other financial requirements specified by the SEC. &nbsp;<B>&nbsp;</B>We are subject to &#147;penny stock&#148; rules as our Common Stock is a penny stock. &nbsp;These rules require brokers who sell &quot;penny stocks&quot; to persons other than established customers and &quot;accredited investors&quot; to complete certain documentation, make suitability inquiries of investors, and provide investors with certain information concerning the risks of trading in the such penny stocks. These rules may discourage or restrict the ability of brokers to sell our shares of common stock and may affect the secondary market for our shares of common stock. These rules could also hamper our ability to raise funds in the primary market for our shares of common stock.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Possible Volatility of Share Prices</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our shares of common stock are currently publicly traded on the Over-the-Counter Bulletin Board (&#147;OTCBB&#148;) Quotation Service maintained by National Association of Securities Dealers, Inc. The trading price of our shares of common stock has been subject to fluctuations. Trading prices of our shares of common stock may fluctuate in response to a number of factors, many of which will be beyond our control. The stock market has generally experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies with no current business operation. There can be no assurance that trading prices previously experienced by our shares of common stock will be matched or maintained. These broad market and industry factors may adversely affect the market price of our shares of common stock, regardless of our operating performance.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In the past, following periods of volatility in the market price of a company's securities, securities class-action litigation has often been instituted. Such litigation, if instituted, could result in substantial costs for us and a diversion of management's attention and resources.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Indemnification of Directors, Officers and Others</B></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our Articles of Incorporation and Bylaws also contain extensive indemnification provisions, which will permit us to indemnify our officers and directors to the maximum </P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>extent provided by Nevada law. &nbsp;Pursuant to our Articles of Incorporation and under Nevada law, our directors and officers are generally not liable to us or our shareholders for damages as a result of any act or failure to act in his/her capacity as a director or officer unless it is proven that: (i) the act or failure to act of such officer or director constituted a breach of his/her fiduciary duties; and (ii) his/her breach of those duties involve intentional misconduct, fraud or a knowing violation of law. &nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>IN THE OPINION OF THE SECURITIES AND EXCHANGE COMMISSION, &nbsp;INDEMNIFICATION FOR &nbsp;LIABILITIES &nbsp;ARISING &nbsp;PURSUANT TO THE SECURITIES ACT OF 1933 IS CONTRARY TO PUBLIC POLICY AND, THEREFORE, UNENFORCEABLE. </B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Future Dilution</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our Articles of Incorporation authorize the issuance of 200,000,000 shares of common stock, each with a par value of $0.001. In the event that we are required to issue any additional shares investors' interests in our company will be diluted. &nbsp;If we issue any such additional shares, such issuances also will cause a reduction in the proportionate ownership and voting power of all other shareholders. Further, any such issuance may result in a change in our control.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Risks Relating to the Industry</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Oil and Gas Exploration</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Exploration for economic reserves of oil and gas is subject to a number of risk factors. While the rewards to an investor can be substantial if an economically viable discovery is made, few of the properties that are explored are ultimately developed into producing oil and/or gas wells. Our properties are in the exploration and development stage only and are without proven reserves of oil and gas. There can be no assurance that we will establish commercial discoveries on any of our properties.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Potential Profitability of Oil and Gas Ventures Depends Upon Factors Beyond our &nbsp;Control </B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The potential profitability of oil and gas properties is dependent upon many factors beyond our control. For instance, world prices and markets for oil and gas are unpredictable, highly volatile, potentially subject to governmental fixing, pegging, controls, or any combination of these and other factors, and respond to changes in domestic, international, political, social, and economic environments. Additionally, due to worldwide economic uncertainty, the availability and cost of funds for production and other expenses have become increasingly difficult, if not impossible, to project. These changes and events may materially affect our financial performance.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Adverse weather conditions can also hinder drilling operations. A productive well may become uneconomic in the event water or other deleterious substances are encountered which impair or prevent the production of oil and/or gas from the well. In addition, production from any well may be unmarketable if it is impregnated with water or other deleterious substances. The marketability of oil and gas which may be acquired or discovered will be affected by numerous factors beyond our control. These factors include the proximity and capacity of oil and gas pipelines and processing equipment, market fluctuations of prices, taxes, royalties, land tenure, allowable production and </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>environmental protection. The extent of these factors cannot be accurately predicted but the combination of these factors may result in our company not receiving an adequate return on invested capital.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Competitiveness of Oil and Gas Industry</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The oil and gas industry is intensely competitive. We compete with numerous individuals and companies, including many major oil and gas companies, which have substantially greater technical, financial and operational resources and staffs. Accordingly, there is a high degree of competition for desirable oil and gas leases, suitable properties for drilling operations and necessary drilling equipment, as well as for access to funds. There can be no assurance that the necessary funds can be raised or that any projected work will be completed.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Fluctuating Price and Demand</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The marketability of natural resources which may be acquired or discovered by us will be affected by numerous factors beyond our control. These factors include market fluctuations in oil and gas pricing and demand, the proximity and capacity of natural resource markets and processing equipment, governmental regulations, land tenure, land use, regulation concerning the importing and exporting of oil and gas and environmental protection regulations. The exact effect of these factors cannot be accurately predicted, but the combination of these factors may result in us not receiving an adequate return on invested capital to be profitable or viable.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Comprehensive Regulation of Oil and Gas Industry</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Oil and gas operations are subject to federal, state, and local laws relating to the protection of the environment, including laws regulating removal of natural resources from the ground and the discharge of materials into the environment. Oil and gas operations are also subject to federal, state, and local laws and regulations which seek to maintain health and safety standards by regulating the design and use of drilling methods and equipment. Various permits from government bodies are required for drilling operations to be conducted; no assurance can be given that such permits will be received. No assurance can be given that environmental standards imposed by federal, provincial, or local authorities will not be changed or that any such changes would not have material adverse effects on our activities. Moreover, compliance with such laws may cause substantial delays or require capital outlays in excess of those anticipated, thus causing an adverse effect on us. Additionally, we may be subject to liability for pollution or other environmental damages which it may elect not to insure against due to prohibitive premium costs and other reasons.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Environmental Regulations</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In general, our exploration and production activities are subject to certain federal, state and local laws and regulations relating to environmental quality and pollution control. Such laws and regulations increase the costs of these activities and may prevent or delay the commencement or continuance of a given operation. Compliance with these laws and regulations has not had a material effect on our operations or financial condition to date. Specifically, we are subject to legislation regarding emissions into the environment, water discharges and storage and disposition of hazardous wastes. In addition, legislation has been enacted which requires well and facility sites to be abandoned and reclaimed to </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>the satisfaction of state authorities. However, such laws and regulations are frequently changed and we are unable to predict the ultimate cost of compliance. Generally, environmental requirements do not appear to affect us any differently or to any greater or lesser extent than other companies in the industry.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We believe that our operations comply, in all material respects, with all applicable environmental regulations.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Risks Associated with Drilling</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Drilling operations generally involve a high degree of risk. Hazards such as unusual or unexpected geological formations, power outages, labor disruptions, blow-outs, sour gas leakage, fire, inability to obtain suitable or adequate machinery, equipment or labour, and other risks are involved. We may become subject to liability for pollution or hazards against which it cannot adequately insure or which it may elect not to insure. Incurring any such liability may have a material adverse effect on our financial position and operations.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Government Regulation/Administrative Practices</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>There is no assurance that the laws, regulations, policies or current administrative practices of any government body, organization or regulatory agency in the United States or any other jurisdiction, will not be changed, applied or interpreted in a manner which will fundamentally alter our ability to carry on our business.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The actions, policies or regulations, or changes thereto, of any government body or regulatory agency, or other special interest groups, may have a detrimental effect on us. Any or all of these situations may have a negative impact on our ability to operate and/or become profitable.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>Use of Proceeds</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Apart from receipt of the exercise price of the related options, we will not receive any of the proceeds from the sale of any of the 650,000 shares of common stock by Negar Towfigh.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>Selling Stockholders</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The following table identifies the selling stockholders and indicates (i) the nature of any material relationship that such selling stockholder has had with us for the past three years, (ii) the number of shares held by the selling stockholders, (iii) the amount to be offered for the selling stockholder's account, and (iv) the number of shares and percentage of outstanding shares of the common shares in our capital to be owned by the selling stockholder after the sale of the shares offered by them pursuant to this offering. The selling stockholder is not obligated to sell the shares offered in this reoffer prospectus and may choose not to sell any of the shares or only a part of the shares. &nbsp;SEC rules require that we assume that the selling stockholder sells all of the shares offered with this reoffer prospectus.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Under the Securities Exchange Act of 1934, any person engaged in a distribution of the shares offered by this reoffer prospectus may not simultaneously engage in market making activities with respect to our common shares during the applicable &quot;cooling off&quot; periods prior to the commencement of such distribution. In addition, and without limiting the foregoing, the selling stockholder will be subject to applicable provisions of the Securities Exchange Act of 1934 and the rules and regulations thereunder, which provisions may limit the timing of purchases and sales of the shares by the selling stockholder. As of December 22, 2003, there were 60,716,166 common shares in our issued and outstanding stock.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE cellspacing=0><TR><TD style="border:3pt double #DFDFDF" valign=bottom width=151.867 rowspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Selling Stockholder</P>
</TD><TD style="border-top:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=95.133 rowspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Number of<BR>
Shares<BR>
Beneficially<BR>
Owned<SUP>(2)</SUP></P>
</TD><TD style="border-top:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=95.2 rowspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Number of<BR>
Shares<BR>
Subject to<BR>
Options <SUP>(3)</SUP></P>
</TD>
<TD style="border-top:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=95.067 rowspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Shares<BR>
Being<BR>
Registered</P>
</TD><TD style="border-top:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=199.733 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Percentage of Shares<BR>
Beneficially Owned<SUP>(4)</SUP></P>
</TD></TR>
<TR><TD style="border-left: 3pt double #DFDFDF; border-right: 3pt double #DFDFDF; border-bottom: 3pt double #DFDFDF" valign=top width=48><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Before<BR>
Offering</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" valign=top width=104.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">After<BR>
Offering</P>
</TD></TR>
<TR><TD style="border-left:3pt double #DFDFDF; border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" width=151.867><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Negar Towfigh<SUP>(1)</SUP></P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" width=95.133><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">650,000</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" width=95.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">650,000</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" width=95.067><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">650,000</P>
</TD><TD style="border-right: 3pt double #DFDFDF; border-bottom: 3pt double #DFDFDF" width=48><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Nil</P>
</TD><TD style="border-right:3pt double #DFDFDF; border-bottom:3pt double #DFDFDF" width=104.667><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">1.06%</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><SUP>(1)</SUP> Miss. Towfigh was appointed our secretary on May 28, 2002 and our Chief Financial Officer on June 7, 2002.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><SUP>(2)</SUP> Represents shares owned beneficially by the selling stockholder, including shares that &nbsp;she has the right to acquire within 60 days of the date of this reoffer prospectus. </P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><SUP>(3)</SUP> Includes shares of our common stock underlying options granted to the selling stockholder, whether or not exercisable as of, or within 60 days of, the date of this reoffer prospectus.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><SUP>(4)</SUP> Based on 60,716,166 shares outstanding as of December 22, 2003.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>THE INFORMATION PROVIDED IN THE TABLE ABOVE WITH RESPECT TO THE SELLING STOCKHOLDER HAS BEEN OBTAINED FROM THE SELLING STOCKHOLDER. BECAUSE THE SELLING STOCKHOLDER MAY SELL ALL OR SOME PORTION OF THE SHARES OF COMMON STOCK BENEFICIALLY OWNED BY HER, ONLY AN ESTIMATE (ASSUMING THE SELLING STOCKHOLDER SELLS ALL OF THE SHARES OFFERED HEREBY) CAN BE GIVEN AS TO THE NUMBER OF SHARES OF COMMON STOCK THAT WILL BE BENEFICIALLY OWNED BY THE SELLING STOCKHOLDER AFTER THIS OFFERING. IN ADDITION, THE SELLING STOCKHOLDER MAY HAVE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF, OR MAY SELL, TRANSFER OR OTHERWISE DISPOSE OF, AT ANY TIME OR FROM TIME TO TIME SINCE THE DATE ON WHICH SHE PROVIDED THE INFORMATION REGARDING THE SHARES OF COMMON STOCK BENEFICIALLY OWNED BY HER, ALL OR A PORTION OF THE SHARES OF COMMON STOCK BENEFICIALLY OWNED BY HER IN TRANSACTIONS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>Plan of Distribution</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The selling stockholder may sell the 650,000 common shares for value from time to time under this reoffer prospectus in one or more transactions on the OTCBB, in negotiated transactions or in a combination of such methods of sale, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at prices otherwise negotiated. The selling stockholder may effect such transactions by selling the shares to or through broker-dealers, and such broker-dealers may receive compensation in the form of underwriting discounts, concessions or commissions from the respective selling stockholder and/or the purchasers of the shares for whom such broker-dealers may act as agent (which compensation may be less than or in excess of customary commissions).</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The selling stockholder and any broker-dealers that participate in the distribution of the shares may be deemed to be an &quot;underwriter&quot; within the meaning of Section 2(11) of the Securities Act of 1933, and any commissions received by them and any profit on the resale of the shares sold may be deemed to be underwriting discounts and commissions under the Securities Act of 1933. All selling and other expenses incurred by the selling stockholder will be borne by the selling stockholder.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In addition to any shares sold hereunder, the selling stockholder may, at the same time, sell any shares of common shares, including the shares, owned by her in compliance with all of the requirements of Rule 144, regardless of whether such shares are covered by this reoffer prospectus.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>There is no assurance that the selling stockholder will sell all or any portion of the shares offered.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We will pay all expenses in connection with this offering and, apart from receipt of the exercise price of the related options, we will not receive any proceeds from sales of any shares by the selling stockholder.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Experts</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The financial statements as of December 31, 2002 and 2001 and for each of the years in the three-year period ended December 31, 2002, are incorporated by reference in this reoffer prospectus in reliance on the report of Williams and Webster P.S., independent accountants, which is also incorporated herein by reference, in reliance upon their authority as experts in accounting and auditing.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Legal Matters</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The validity of the common shares offered by this reoffer prospectus will be passed upon for us and the selling stockholders by Stepp Law Group, Irvine, California, USA.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Disclosure of Commission Position on Indemnification For Securities Act Liabilities</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling our business pursuant to the provision in the section entitled &quot;Indemnification of Directors and Officers&quot; (see below), we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act of 1933 and is therefore unenforceable.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>PART II</P>
<BR>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We incorporate the following documents by reference in this reoffer prospectus:</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(a)</P>
<P style="margin:0pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our latest Quarterly Report on Form 10-QSB/A for the quarter ended September 30, 2003 filed with the Securities and Exchange Commission on November 25, 2003;</P>
<P style="margin:0pt; padding-left:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(b)</P>
<P style="margin:0pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our latest Quarterly Report on Form 10-QSB for the quarter ended June 30, </P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003 filed with the Securities and Exchange Commission on August 14, 2003;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(c)</P>
<P style="margin:0pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Our latest Quarterly Report on Form 10-QSB for the quarter ended March 31,</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003 filed with the Securities and Exchange Commission on May 20, 2003;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(d) Our latest Annual Report on Form 10-KSB/A for the year ended December 31, 2002 filed with the Securities and Exchange Commission on April 11, 2003;</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:54.75pt; text-indent:-18.75pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(e) All of our other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), since September 3, 1999;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:54.75pt; text-indent:-18.75pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(f) The description of our common stock contained in the registration statement on Form 10-SB filed with the Securities and Exchange Commission on May 13, 1999, as amended on September 3, 1999; and</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(g) All other reports (and documents) filed by us after the date of this Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing such documents.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>WE WILL PROVIDE WITHOUT CHARGE TO EACH PERSON TO WHOM A COPY OF THIS REOFFER PROSPECTUS IS DELIVERED, UPON ORAL OR WRITTEN REQUEST, A COPY OF ANY OR ALL DOCUMENTS INCORPORATED BY REFERENCE INTO THIS REOFFER PROSPECTUS (EXCLUDING EXHIBITS, UNLESS THE EXHIBITS ARE SPECIFICALLY INCORPORATED BY REFERENCE </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>INTO THE INFORMATION THE REOFFER PROSPECTUS INCORPORATES). REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT, MICRON ENVIRO SYSTEMS, INC.SUITE 1205, 789 WEST PENDER STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6C 1H2. OUR TELEPHONE NUMBER IS 604-646-6903.</P>
<P style="margin:0pt; text-indent:241.5pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item&nbsp;4. Description of Securities.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Not applicable.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:9pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>No &#147;expert&#148;, as that term is defined pursuant to Regulation Section 228.509(a) of Regulation S-B, or our &#147;counsel&#148;, as that term is defined pursuant to Regulation Section 228.509(b) of Regulation S-B, was hired on a contingent basis, or will receive a direct or indirect interest in the registrant, or was a promoter, underwriter, voting trustee, director, officer, or employee of the company, at any time prior to the filing of this Registration Statement<SMALL>.</SMALL></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Our Articles of Incorporation and Bylaws designate the relative duties and responsibilities of our officers, establish procedures for actions by directors and shareholders and other items. &nbsp;Our Articles of Incorporation and Bylaws also contain extensive indemnification provisions, which will permit us to indemnify our officers and directors to the maximum extent provided by Nevada law. &nbsp;Pursuant to our Articles of Incorporation and under Nevada law, our directors and officers are generally not liable to us or our shareholders for damages as a result of any act or failure to act in his capacity as a director or officer unless it is proven that: (i) the act or failure to act of such officer or director constituted a breach of his fiduciary duties; and (ii) his breach of those duties involve intentional misconduct, fraud or a knowing violation of law. &nbsp;</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On July 17, 2002, we entered into Indemnification Agreements with our directors and officers, which provide the indemnitee with the maximum indemnification allowed under applicable law. &nbsp;Since the Nevada statutes are non-exclusive, it is possible that certain claims beyond the scope of the statute may be indemnifiable. &nbsp;The indemnification agreement provides a scheme of indemnification, which may be broader than that specifically provided by Nevada law. &nbsp;It has not yet been determined, however, to what extent the indemnification expressly permitted by Nevada law may be expanded, and therefore the scope of indemnification provided by the indemnification agreement may be subject to future judicial interpretation.</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The indemnification agreement provides that we are to indemnify an indemnitee, who is or was a party or becomes a party or is threatened to be made a party to any threatened, pending or completed action or proceeding whether civil, criminal, administrative or investigative by reason of the fact that the indemnitee is or was one of our directors, officers, key employees or agents. &nbsp;We are to advance all expenses, judgments, fines, penalties and amounts paid in settlement incurred by the indemnitee in connection with </P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>the investigation, defense, settlement or appeal of any civil or criminal action or proceeding as described above. &nbsp;The indemnitee is to repay such amounts advanced only if it shall be ultimately determined that he or she is not entitled to be indemnified by us. &nbsp;Any award of indemnification to an indemnitee, if not covered by insurance, would come directly from our assets, thereby affecting a shareholder's investment.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>IN THE OPINION OF THE SECURITIES AND EXCHANGE COMMISSION, &nbsp;INDEMNIFICATION FOR &nbsp;LIABILITIES &nbsp;ARISING &nbsp;PURSUANT TO THE SECURITIES ACT OF 1933 IS CONTRARY TO PUBLIC POLICY AND, THEREFORE, UNENFORCEABLE. </B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Not Applicable.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item&nbsp;8. Exhibits.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">3.1</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Corporate Charter*</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:67.5pt; text-indent:-67.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">3.2</P>
<P style="margin:0pt; padding-left:67.5pt; text-indent:-31.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Articles of Incorporation*</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">3.3</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Certificate of Amendment to Articles of Incorporation*</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:67.5pt; text-indent:-67.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">3.4 </P>
<P style="margin:0pt; padding-left:67.5pt; text-indent:-31.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Bylaws* </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="ex5.htm">Opinion of Stepp Law Group</a></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">10.1</P>
<P style="margin:0pt; padding-left:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">2003C Non-Qualified Stock Option Plan**</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">10.2</P>
<P style="margin:0pt; padding-left:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><a href="ex10-2.htm">2003C Non-Qualified Stock Option Agreement with Negar Towfigh dated November 21, 2003</a></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:21pt; text-indent:-21pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>23.1</P>
<P style="margin:0pt; padding-left:21pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;<a href="ex5.htm">Consent of Stepp Law Group (contained in its opinion filed as Exhibit 5 to
this Registration Statement)</a> </P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:67.5pt; text-indent:-67.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">23.2</P>
<P style="text-indent: -31.5pt; line-height: 14pt; font-family: Times New Roman; font-size: 12pt; margin: 0pt; padding-left: 67.5pt"><a href="ex23-2.htm">Consent of Williams and Webster</a></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">*Filed as exhibits to our Registration Statement on Form 10-SB on May 13, 1999, and incorporated herein by this reference.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>** Filed as an exhibit to our Registration Statement on Form S-8 on November 12, 2003, and incorporated herein by this reference.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:9pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item&nbsp;9. Undertakings.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The registrant hereby undertakes:</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<BR>
<BR>
<p align="center">21</p>
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<BR>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(1) To file, during any period in which offers or sales are being made, a post- effective amendment to this registration statement:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(ii) to specify in the prospectus any facts or events occurring after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information specified in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of the securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be specified in the form of prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) (Section 230.424(b) of this chapter) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration statement; <U>provided</U>, <U>however</U>, that paragraphs (1)(i) and (1)(ii) shall not apply if the information required to be included in a post-effective amendment by those clauses is specified in periodic reports filed by the registrant pursuant to the provisions of Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement; </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(2) That, for the purpose of determining any liability pursuant to the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities offered at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The registrant hereby undertakes that, for purposes of determining any liability pursuant to the Securities Act, each filing of the registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act &nbsp;(and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Insofar as indemnification for liabilities arising pursuant to the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant in the </P>
<BR>
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<p style="font-family: Times New Roman; margin: 0pt" align="center">22</p>
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<BR>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel that matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by the registrant is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>
<BR>
<BR>
<p style="font-family: Times New Roman; margin: 0pt" align="center">23</p>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
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<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">SIGNATURES</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pursuant to the requirements of the Securities Act, the registrant certifies it has reasonable grounds to believe that the registrant satisfies all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Vancouver, British Columbia, on December 29, 2003.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">MICRON ENVIRO SYSTEMS, INC., </P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">a Nevada corporation &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Bernard McDougall</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">_____________________</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Bernard McDougall, Director and President</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on December 29, 2003, who are the directors of the registrant&#146;s board of directors and who shall administer and enforce the Stock Option Agreement with Negar Towfigh.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>Signature and Title</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Bernard McDougall</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">______________________</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Bernard McDougall, Director and President</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Stephen J. Amdahl</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">_____________________ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Stephen J. Amdahl, Director </P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Conrad Clemiss</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">_______________________</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Conrad Clemiss, Director</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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[{"type": "S-8", "sequence": "1", "filename": "microns81229.htm", "secsgml_size_bytes": 121751}]
{"company-data": {"conformed-name": "MICRON ENVIRO SYSTEMS INC", "cik": "0001082285", "assigned-sic": "1382", "irs-number": "980202944", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-111584", "film-number": "031074955"}, "business-address": {"street1": "789 WEST PENDER ST", "street2": "SUITE 1250", "city": "VANCOUVER BC", "state": "A1", "zip": "V6C 1H2", "phone": "6046466903"}}
Filed By Filing Services Canada Inc. 403-717-3898
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM S-8 REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
COMMISSION FILE NUMBER:
MICRON ENVIRO SYSTEMS, INC.
(Exact name of small business issuer as specified in its charter)
Nevada
98-0202944
(State or other jurisdiction of incorporation or organization)
(Primary Standard Industrial
Classification Code Number)
(I.R.S. Employer Identification No.)
789 West Pender Street, Suite 1205, Vancouver, British Columbia
V6C 1H2
(Address of principal executive offices)
(Zip Code)
604.646-6903
(Issuer's Telephone Number, including Area Code)
Non-Qualified Stock Option Agreement with Negar Towfigh
(Full Title of the Plan)
Thomas E. Stepp, Jr.
STEPP LAW GROUP
32 Executive Park, Suite 105
Irvine, CA  92614-6742
(Name and Address of Agent for Service)
949.660.9700
(Telephone Number of Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of  securities
to be registered
Amount
to be
registered(1)
Proposed maximum
offering price
per share
Proposed maximum
aggregate
offering price
Amount of
registration fee
Common Stock, $.001 par value
650,000
$ 0.031
$20,150
$1.63
(1)
Consists of underlying shares pursuant to a Non-Qualified Stock Option Agreement with Negar Towfigh
EXPLANATORY NOTE
Under cover of this Form S-8 is our reoffer prospectus prepared in accordance with Part I of Form S-3 under the 1933 Act. Our reoffer prospectus has been prepared pursuant to Instruction C of Form S-8, in accordance with the requirements of Part I of Form S-3, and may be used for reofferings and resales on a continuous or delayed basis in the future of up to an aggregate of 650,000 "control securities" which may be issued, pursuant to the Stock Option Agreement between Micron Enviro Systems, Inc. and Negar Towfigh, our company's Secretary and CFO.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
We will send or give the documents containing the information specified in Part I of Form S-8 to Negar Towfigh as specified by the Securities and Exchange Commission Rule 428(b)(1) under the 1933 Act. We do not need to file these documents with the Securities and Exchange Commission either as part of this registration statement or as a prospectus or prospectus supplement under Rule 424 of the 1933 Act.
REOFFER PROSPECTUS
The date of this prospectus is December 22, 2003
Micron Enviro Systems, Inc.
Suite 1205, 789 West Pender Street
Vancouver, British Columbia V6C 1H2 Canada
650,000 Shares of Common Stock
This reoffer prospectus relates to 650,000 shares of our common stock that may be offered and resold from time to time by the selling stockholder identified in this prospectus for her own account. It is anticipated that the selling stockholder will offer shares for sale at prevailing prices on the OTC Bulletin Board on the date of sale. Apart from receipt of the exercise price of the options, we will receive no part of the proceeds from sales made under this reoffer prospectus. The selling stockholder will bear all sales commissions and similar expenses. Any other expenses incurred by us in connection with the registration and offering and not borne by the selling stockholder will be borne by us.
The selling stockholder and any brokers executing selling orders on her behalf may be deemed to be "underwriters" within the meaning of the Securities Act of 1933, in which event commissions received by such brokers may be deemed to be underwriting commissions under the Securities Act of 1933.
Our common stock is traded on the OTC Bulletin Board under the symbol "MSEV." On December 19, 2003, the last reported price of our common stock on such market was $0.033 per share.
2
THE COMMON SHARES OFFERED PURSUANT TO THIS REGISTRATION STATEMENT INVOLVE A HIGH DEGREE OF RISK. SEE "RISK FACTORS" ON PAGE 11 OF THIS REOFFER PROSPECTUS. THESE ARE SPECULATIVE SECURITIES.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE.
3
TABLE OF CONTENTS
Page Number
Reoffer Prospectus
2
Available Information
5
Incorporation of Documents by Reference
5
Prospectus Summary
7
Summary of Risk Factors
7
Forward-Looking Statements
7
Glossary of Terms
8
Description of Business
9
Risk Factors
11
Use of Proceeds
16
Selling Stockholder
16
Plan of Distribution
18
Experts
18
Legal Matters
18
Disclosure of Commission Position
19
4
REOFFER PROSPECTUS
Available Information
No person has been authorized in connection with the offering made hereby to give any information or to make an representation not contained in this Prospectus and, if given or made, such information or representation must not be relied upon as have been authorized by the Company or any affiliate of the Company.  This Prospectus does not constitute an offer to sell or a solicitation of an offer to buy any of the securities offered hereby to any person or by any person in any jurisdiction in which it is unlawful to make such offer or solicitation.  Neither the delivery of this Prospectus nor any sale made hereunder shall, under any circumstances, create any implication that the information contained herein is current as of any date subsequent to the date hereof."
Micron Enviro Systems, Inc. ("we", "us", "our") files annual, quarterly and special reports, proxy statements, and other information with the Securities and Exchange Commission as is required by the Securities Exchange Act of 1934. You may read and copy any reports, statements or other information we have filed at the SEC's Public Reference Room at 450 Fifth Street N.W., Washington, D.C. 20549. Please call the Securities and Exchange Commission ("SEC") at 1-800-SEC-0330 for further information on the Public Reference Rooms. In addition, copies may be obtained (at prescribed rates) at the SEC's Public Reference Section, 450 Fifth Street, N.W., Washington, D.C. 20549.  Our filings are also available on the Internet at the SEC's website at
http:\\www.sec.gov
.
We have filed with the SEC a registration statement on Form S-8 (of which this Prospectus is a part) under the Securities Act of 1933 with respect to the securities offered hereby (the Registration Statement").  This Prospectus does not include all of the information set forth in the Registration Statement, certain parts of which are omitted in accordance with the rules and regulations of the SEC.  For additional information, reference is made to the Registration Statement, including exhibits filed therewith.  Such information may be inspected, and copies thereof may be obtained, at the places and in the manner set forth above."
Incorporation of Documents by Reference
The SEC allows us to "incorporate by reference" information into this registration statement, which means that we can disclose important information to you by referring you to another document filed separately with the SEC. The information incorporated by reference is deemed to be part of this registration statement, except for any information superseded by information in this registration statement.
The following documents filed by us with the SEC are incorporated herein by reference:
(a)
Our latest Quarterly Report on Form 10-QSB/A for the quarter ended
September 30, 2003 filed with the Securities and Exchange Commission on November 25, 2003;
(b)
Our latest Quarterly Report on Form 10-QSB for the quarter ended June 30,
5
(c)
2003 filed with the Securities and Exchange Commission on August 14, 2003;
(d)
Our latest Quarterly Report on Form 10-QSB for the quarter ended March 31,
2003 filed with the Securities and Exchange Commission on May 20, 2003;
(d) Our latest Annual Report on Form 10-KSB/A for the year ended December
31, 2002 filed with the SEC on April 11, 2003;
(e) All of our other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), since September 3, 1999;
(f) The description of our common stock contained in the registration statement on Form 10-SB filed with the SEC on May 13, 1999, as amended on September 3, 1999; and
(g) All other reports (and documents) filed by us after the date of this Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing such documents.
In addition to the foregoing, all documents that we subsequently file pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment indicating that all of the securities offered pursuant to this reoffer prospectus have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be part hereof from the date of filing of such documents. Any statement contained in a document incorporated by reference in this registration statement shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in this reoffer prospectus or in any subsequently filed document that is also incorporated by reference in this reoffer prospectus modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Any statement contained in a document incorporated or deemed to be incorporated in this Prospectus by reference shall be deemed to be modified or superseded for purposes of this Prospectus to the extent that a statement contained in this Prospectus or in any other subsequently filed document which also is or is deemed to be incorporated in this Prospectus by reference modifies or supersedes such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Prospectus.
WE WILL PROVIDE WITHOUT CHARGE TO EACH PERSON TO WHOM A COPY OF THIS REOFFER PROSPECTUS IS DELIVERED, UPON ORAL OR WRITTEN REQUEST, A COPY OF ANY OR ALL DOCUMENTS INCORPORATED BY REFERENCE INTO THIS REOFFER PROSPECTUS (EXCLUDING EXHIBITS, UNLESS THE EXHIBITS ARE SPECIFICALLY INCORPORATED BY REFERENCE INTO THE INFORMATION THE REOFFER PROSPECTUS INCORPORATES).
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REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT, MICRON ENVIRO SYSTEMS, INC.SUITE 1205, 789 WEST PENDER STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6C 1H2. OUR TELEPHONE NUMBER IS 604.646.6903.
Prospectus Summary
The following summary is qualified in its entirety by the more detailed information and financial statements and notes thereto appearing elsewhere in this reoffer prospectus. Consequently, this summary does not contain all of the information that you should consider before investing in our common stock. You should carefully read the entire prospectus, including the "Risk Factors" section, and the documents and information incorporated by reference into this reoffer prospectus.
Summary of Risk Factors
An investment in our common stock involves a number of risks which should be carefully considered and evaluated. These risks include:
(a) the fact that our securities must be considered highly speculative, generally because of the nature of our business and the early stage of its development;
(b) the fact that our ability to continue exploration and, if warranted, development of our properties will be dependent upon our ability to raise significant additional financing;
(c) that fact that we have suffered recurring losses from operations and have negative working capital and that these circumstances raise substantial doubt about our ability to continue as a going concern as described in an explanatory paragraph to our independent auditors' report issued in connection with our financial statements for the years ended December 31, 2001 and 2002;
(d) the fact that in order to continue drilling on our oil and gas properties we will require substantial funds and depend upon the recommendations of the operator on each property and their respective geologists in regards to drilling operations; and
(e) the fact that exploration for economic reserves of oil and gas is subject to a number of risk factors.
For a more complete discussion of risk factors relevant to an investment in our common stock see the "Risk Factors" section beginning on page 11 of this reoffer prospectus.
Forward Looking Statements
This reoffer prospectus contains forward-looking statements of our management. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology such as "may", "will", "could", "expect", "estimate", "anticipate", "probable", "possible", "should", "continue", or similar terms, variations of
7
those terms or the negative of those terms. Actual results may differ materially from those contemplated by the forward-looking statements.
The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements.
Glossary of Terms
Barrel of Oil -
42 U.S. Gallons at 60"F. A net barrel refers to a quantity of oil net of the BS&W content.
Exploration -
Any method used to discover new oil and gas fields.
Exploration well -
Well drilled to find an oil field.
Joint Operating Agreement (JOA) -
An agreement governing the operations of most jointly-owned properties/facilities.
Lease -
(1) A legal instrument executed by a mineral owner granting exclusive right to another to explore, drill, and produce oil and gas from a piece of land; (2) Used in conjunction with the actual location of a well(s) or unit separator installed to serve a single lease.
Lessee
- The person who receives the lease, sometimes called the tenant.
Lessor
- The person giving the lease, sometimes called grantor or landlord.
Natural Gas -
A mixture of hydrocarbon gases with varying amounts of impurities.
Net Revenue Interest
- The percent of the production revenue allocated to the working interest after first deducting proceeds allocated to royalty and overriding interest.
Operator -
The person or company, either proprietor or lessee, actually operating a well. The operator is a working interest owner and is also responsible for physical maintenance of the well and other responsibilities as covered in the JOA (Joint Operating Agreement).
Overriding Royalty Interest (ORRI) -
An interest in production that is created and payable out of the working interest. Usually, the term of an ORRI is for the life of the mineral lease.
8
Reserves (of a field)
- Volume of oil trapped in a rock.
Royalty -
The share of the production or proceeds there from reserved to the lessor under the terms of the mineral lease. Normally, royalty interests are free of all costs of production (as distinguished from costs of marketing) except production taxes, and is established in the lease by reserving a royalty which is usually expressed fractionally.
Test Well -
The first well to be drilled on a lease to evaluate a certain horizon. It is commonly referred to as a "wild cat" well.
Working Interest
-
Working interest in an oil or gas property is one that is burdened with the cost of development and operation of the property, such as the responsibility to share expenses of drilling completed or operating oil and gas property, according to working or operating mineral interest in any tract or parcel of land. Rights to overriding royalties, production payments, and the like do not constitute working interests because they are not burdened with the responsibility to share expenses of drilling, completing, or operating oil and gas property. Likewise, contract rights to extract or share in oil and gas, or in the profits from extraction, without liability to share in the costs of production do not constitute working interests. Income from such interests is generally considered to be portfolio income.
Description of Business
Our Development
We were originally incorporated as Strathcona Capital Corp. on January 23, 1998 under the laws of the State of Nevada.  We amended our Articles of Incorporation on February 1, 1999 to change our name to Micron Enviro Systems, Inc.
Our Current Business
In February 2002, we acquired a 5% working interest, and a 2.5% net revenue interest in a proposed fifteen (15) well oil and gas program in Stephens County, Texas referred to as the Green Ranch Prospect.
The Green Ranch Prospect is a proposed 15 well program consisting of 4,131 acres of leasehold on the Green Ranch in Stephens County, Texas.
On May 10, 2002, drilling commenced on the first well, the Z1 well.  The Z1 well was drilled to a total depth of 4,514 feet, production casing was set and cement was poured and dried.  Permico Corporation (the "Operator") constructed a gas pipeline for the Z1 well.  The Z1 well is currently producing both oil and gas revenue.
On November 27, 2002, for consideration of $10,000 we increased our net revenue interest on the second well of the Green Ranch Prospect, the Z2 well, from 2.5% to 3.9%, while our working interest remained at 5%.
On February 1, 2003, drilling commenced on the Z2 well.  The Z2 well was drilled to a total depth of 4,249 feet, production casing was set and cement was poured and dried.
9
There was a rework cash call on the Z2 well which we non-consented on, therefore 400% of our portion of costs must be recovered before we back into our 3.9%.
Both the Z1 and Z2 wells are currently producing oil and gas revenue.  Depending on the recommendations of the Operator, we intend to participate in the drilling of the third well, the Z3, in the near term.  Our ability to continue with the Green Ranch Project is contingent on being able to satisfy future cash requirements.
On October 7, 2002, we entered into an assignment agreement with First Goldwater Resources Inc. ("Goldwater"), whereby we acquired a 5% working interest and a 3.875% net revenue interest in the 12-10 Well located in Kern County, California for $2,500.  The rights we acquired included the Pulv and Olcese Prospect.  Goldwater is a related party in that it has a director, Conrad Clemiss, in common with us.
This acquisition included an interest in a producing well that was producing from the Stevens Sands formation within the Bakersfield Arch. We acquired an interest, which would had enabled us to receive revenue from this well once the well had paid out 400% of its costs, subsequent to our acquisition the well was shut-in and is no longer producing but we continue to hold our percentage of rights to the Pulve and Olcese Prospect.
On March 27, 2003, we entered into a participation agreement with Patch Energy Inc., whereby we acquired the right to earn up to a 3.5% net revenue interest in an oil and gas property located in Saskatchewan, Canada (the "Kerrobert Project") for consideration of incurring up to 5% of the costs associated with the drill program.  The president of Patch Energy Inc., David Stadynk, is also one of our consultants.  On May 30, 2003, we assigned 30% of our interest to Habanero Resources Inc. ("Habanero").  Thus, we currently have a 3.5% working interest and a 2.45% net revenue interest in the Kerrobert Project.  Habanero is a related party in that one of its directors, Negar Towfigh, is also one of our officers.  We have drilled and cased nine wells on this property, and all nine wells are currently producing oil and generating revenue for us.  Our ability to drill further wells on this project is completely contingent on our  partners' decision to drill further wells, our partners ability to meet future cash calls and our ability to meet future cash calls.
In September 2003, we entered into a letter agreement with Pemberton Energy Ltd. whereby we may purchase an option to acquire a 45% working interest in Tomahawk Prospect in Drayton Valley, Alberta, for 250,000 shares of our common stock.  In October 2003, our board of directors approved the share issuance per the agreement and 250,000 restricted common shares were issued.  Our ability to start drilling on this project is contingent on our majority partners' decision of when to begin drilling, our partners ability to meet their future cash calls and our ability to meet future cash calls.
In September 2003, we entered into a participation agreement with The Cumming Company, Inc., whereby we will pay $425 for a 1% working interest and a 0.8% net revenue interest in the Marble Falls Rework Project in Jack County and Palo Pinto County, Texas.  The participation agreement includes the re-entry and re-completion of Martex Ima Bridges #2 well and the Kinder #1 well.  Furthermore, during this quarter we
10
paid $6,945 for 1% of all turnkey and re-completion costs attributed to the project.  We have drilled both wells on this property, the Kinder #1 well, and the Martex Ima Bridges #2 well.  We are currently in the process of fracing the Martex Ima Bridges #2 well.  The operator has advised us that they anticipate both wells to be commercially successful, but until both wells have been flow tested we have no assurance of this projects' commercial viability.
In October 2003, we entered into a joint operating agreement with Warpath Energy, Inc. ("Warpath"), whereby we may incur 5% of the costs of acquisition and work-over, estimated to be $17,500, for a 5% working interest in the Cloud Creek Project in Muskogee County, Oklahoma.  We are currently waiting for Warpath, the operator on this project, to fully finance the project, at which time we anticipate operations will commence.
Risk Factors
Our shares of common stock are considered speculative while we proceed with our commitments under our various oil and gas exploration agreements and/or while we continue our search for a new business opportunity. Prospective investors should consider carefully the risk factors set out below.
Likelihood of Profit
Our securities must be considered highly speculative, generally because of the nature of our business and the early stage of its development. We are engaged in the business of exploring and, if warranted, developing commercial reserves of oil and gas. Our properties are in the exploration stage only and are without known reserves of oil and gas. Accordingly, we have not realized a significant profit from our operations to date.  We do expect to generate revenue from the Green Ranch Prospect and we anticipate generating revenue from the Kerrobert Project during the 2003 fiscal year, though we cannot predict the amount of revenue that may be generated.
Lack of Financial Resources
Our ability to continue exploration and, if warranted, development of our properties will be dependent upon our ability to sell our securities.   We have limited cash reserves and we are dependent on raising significant funds in order to continue to operate and to pay our debts. In the event we are unable to raise significant funds, a portion of our interest in our properties may be lost to exploration partners or our properties may be lost entirely.
There can be no assurance that additional funding will be available to us for exploration and development of our projects or to fulfill our obligations under any applicable agreements. Although historically we have obtained financing in order to proceed with the development of some of our previous properties, there can be no assurance that we will be able to obtain adequate financing in the future or that the terms of such financing will be favorable.  Failure to obtain such additional financing could result in delay or indefinite postponement of further exploration and development of our projects with the possible loss of such properties.
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Going Concern Qualification
There is substantial doubt about our ability to continue as a going concern due to the losses incurred since inception, our stockholders' deficiency, and lack of substantial revenues.  We anticipate that we may require financing in order to continue our exploration, and if warranted, development of our oil and gas properties.  There can be no assurance that, if required, any such financing will be available upon terms and conditions acceptable to us, if at all. Our inability to obtain additional financing in a sufficient amount when needed and upon terms and conditions acceptable to us could have a materially adverse effect upon us.  If additional funds are raised by issuing equity securities, further dilution to existing or future shareholders is likely to result. If adequate funds are not available on acceptable terms when needed, we may be required to delay, scale back or eliminate the development of any business opportunity that we acquire. Inadequate funding could also impair our ability to compete in the marketplace, which may result in our dissolution.
Financial Considerations
Our decision as to whether each of our properties contain commercial oil and gas deposits and should be brought into production will require substantial funds and depend upon the results of exploration programs and the recommendations of the operators on each property and their duly qualified engineers. This decision will involve consideration and evaluation of several significant factors including but not limited to: (1) costs of bringing a property into production, including exploration and development work, and construction of production facilities; (2) availability and costs of financing; (3) ongoing costs of production; (4) market prices for the oil and gas to be produced; (5) environmental compliance regulations and restraints; and (6) political climate, governmental regulation and control.
Currency Fluctuations
We maintain our accounts in US and Canadian currencies and are therefore subject to currency fluctuations and such fluctuations may materially affect our financial position and results. We do not engage in currency hedging activities.
Need to Manage Growth
We could experience rapid growth in revenues, personnel, complexity of administration and in other areas. There can be no assurance that we will be able to manage the significant strains that future growth may place on our administrative infrastructure, systems, and controls. If we are unable to manage future growth effectively, our business, operating results and financial condition may be materially adversely affected.
Dependence on Senior Management
We are dependent on the efforts and abilities of certain of our senior management. The interruption of the services of key management could have a material adverse effect on our operations, profits and future development, if suitable replacements are not promptly obtained. We anticipate that we will enter into employment agreements with each of our key executives; however, no assurance can be given that each executive will remain with us during or after the term of his or her employment agreement. In addition, our success depends, in part, upon our ability to attract and retain other talented personnel. Although we believe that our relations with our personnel are good and that we will continue to be
12
successful in attracting and retaining qualified personnel, there can be no assurance that we will be able to continue to do so.
Dependence on Operators
The operators on our various properties carry out the work necessary to obtain our right to earn an interest the respective properties, and therefore we are dependent upon the operators' expertise in the area of oil and gas exploration.
Conflicts of Interest
In addition to their interest in our company, our management currently engages, and intends to engage in the future, in the oil and gas business independently of our company. As a result, conflicts of interest between management and us might arise.
"Penny Stock" Rules May Restrict the Market for the Company's Shares
Our shares of common stock are subject to rules promulgated by the SEC relating to "penny stocks," which apply to companies whose shares are not traded on a national stock exchange or on the NASDAQ system, trade at less than $5.00 per share, or who do not meet certain other financial requirements specified by the SEC.
We are subject to "penny stock" rules as our Common Stock is a penny stock.  These rules require brokers who sell "penny stocks" to persons other than established customers and "accredited investors" to complete certain documentation, make suitability inquiries of investors, and provide investors with certain information concerning the risks of trading in the such penny stocks. These rules may discourage or restrict the ability of brokers to sell our shares of common stock and may affect the secondary market for our shares of common stock. These rules could also hamper our ability to raise funds in the primary market for our shares of common stock.
Possible Volatility of Share Prices
Our shares of common stock are currently publicly traded on the Over-the-Counter Bulletin Board ("OTCBB") Quotation Service maintained by National Association of Securities Dealers, Inc. The trading price of our shares of common stock has been subject to fluctuations. Trading prices of our shares of common stock may fluctuate in response to a number of factors, many of which will be beyond our control. The stock market has generally experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies with no current business operation. There can be no assurance that trading prices previously experienced by our shares of common stock will be matched or maintained. These broad market and industry factors may adversely affect the market price of our shares of common stock, regardless of our operating performance.
In the past, following periods of volatility in the market price of a company's securities, securities class-action litigation has often been instituted. Such litigation, if instituted, could result in substantial costs for us and a diversion of management's attention and resources.
Indemnification of Directors, Officers and Others
Our Articles of Incorporation and Bylaws also contain extensive indemnification provisions, which will permit us to indemnify our officers and directors to the maximum
13
extent provided by Nevada law.  Pursuant to our Articles of Incorporation and under Nevada law, our directors and officers are generally not liable to us or our shareholders for damages as a result of any act or failure to act in his/her capacity as a director or officer unless it is proven that: (i) the act or failure to act of such officer or director constituted a breach of his/her fiduciary duties; and (ii) his/her breach of those duties involve intentional misconduct, fraud or a knowing violation of law.
IN THE OPINION OF THE SECURITIES AND EXCHANGE COMMISSION,  INDEMNIFICATION FOR  LIABILITIES  ARISING  PURSUANT TO THE SECURITIES ACT OF 1933 IS CONTRARY TO PUBLIC POLICY AND, THEREFORE, UNENFORCEABLE.
Future Dilution
Our Articles of Incorporation authorize the issuance of 200,000,000 shares of common stock, each with a par value of $0.001. In the event that we are required to issue any additional shares investors' interests in our company will be diluted.  If we issue any such additional shares, such issuances also will cause a reduction in the proportionate ownership and voting power of all other shareholders. Further, any such issuance may result in a change in our control.
Risks Relating to the Industry
Oil and Gas Exploration
Exploration for economic reserves of oil and gas is subject to a number of risk factors. While the rewards to an investor can be substantial if an economically viable discovery is made, few of the properties that are explored are ultimately developed into producing oil and/or gas wells. Our properties are in the exploration and development stage only and are without proven reserves of oil and gas. There can be no assurance that we will establish commercial discoveries on any of our properties.
Potential Profitability of Oil and Gas Ventures Depends Upon Factors Beyond our  Control
The potential profitability of oil and gas properties is dependent upon many factors beyond our control. For instance, world prices and markets for oil and gas are unpredictable, highly volatile, potentially subject to governmental fixing, pegging, controls, or any combination of these and other factors, and respond to changes in domestic, international, political, social, and economic environments. Additionally, due to worldwide economic uncertainty, the availability and cost of funds for production and other expenses have become increasingly difficult, if not impossible, to project. These changes and events may materially affect our financial performance.
Adverse weather conditions can also hinder drilling operations. A productive well may become uneconomic in the event water or other deleterious substances are encountered which impair or prevent the production of oil and/or gas from the well. In addition, production from any well may be unmarketable if it is impregnated with water or other deleterious substances. The marketability of oil and gas which may be acquired or discovered will be affected by numerous factors beyond our control. These factors include the proximity and capacity of oil and gas pipelines and processing equipment, market fluctuations of prices, taxes, royalties, land tenure, allowable production and
14
environmental protection. The extent of these factors cannot be accurately predicted but the combination of these factors may result in our company not receiving an adequate return on invested capital.
Competitiveness of Oil and Gas Industry
The oil and gas industry is intensely competitive. We compete with numerous individuals and companies, including many major oil and gas companies, which have substantially greater technical, financial and operational resources and staffs. Accordingly, there is a high degree of competition for desirable oil and gas leases, suitable properties for drilling operations and necessary drilling equipment, as well as for access to funds. There can be no assurance that the necessary funds can be raised or that any projected work will be completed.
Fluctuating Price and Demand
The marketability of natural resources which may be acquired or discovered by us will be affected by numerous factors beyond our control. These factors include market fluctuations in oil and gas pricing and demand, the proximity and capacity of natural resource markets and processing equipment, governmental regulations, land tenure, land use, regulation concerning the importing and exporting of oil and gas and environmental protection regulations. The exact effect of these factors cannot be accurately predicted, but the combination of these factors may result in us not receiving an adequate return on invested capital to be profitable or viable.
Comprehensive Regulation of Oil and Gas Industry
Oil and gas operations are subject to federal, state, and local laws relating to the protection of the environment, including laws regulating removal of natural resources from the ground and the discharge of materials into the environment. Oil and gas operations are also subject to federal, state, and local laws and regulations which seek to maintain health and safety standards by regulating the design and use of drilling methods and equipment. Various permits from government bodies are required for drilling operations to be conducted; no assurance can be given that such permits will be received. No assurance can be given that environmental standards imposed by federal, provincial, or local authorities will not be changed or that any such changes would not have material adverse effects on our activities. Moreover, compliance with such laws may cause substantial delays or require capital outlays in excess of those anticipated, thus causing an adverse effect on us. Additionally, we may be subject to liability for pollution or other environmental damages which it may elect not to insure against due to prohibitive premium costs and other reasons.
Environmental Regulations
In general, our exploration and production activities are subject to certain federal, state and local laws and regulations relating to environmental quality and pollution control. Such laws and regulations increase the costs of these activities and may prevent or delay the commencement or continuance of a given operation. Compliance with these laws and regulations has not had a material effect on our operations or financial condition to date. Specifically, we are subject to legislation regarding emissions into the environment, water discharges and storage and disposition of hazardous wastes. In addition, legislation has been enacted which requires well and facility sites to be abandoned and reclaimed to
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the satisfaction of state authorities. However, such laws and regulations are frequently changed and we are unable to predict the ultimate cost of compliance. Generally, environmental requirements do not appear to affect us any differently or to any greater or lesser extent than other companies in the industry.
We believe that our operations comply, in all material respects, with all applicable environmental regulations.
Risks Associated with Drilling
Drilling operations generally involve a high degree of risk. Hazards such as unusual or unexpected geological formations, power outages, labor disruptions, blow-outs, sour gas leakage, fire, inability to obtain suitable or adequate machinery, equipment or labour, and other risks are involved. We may become subject to liability for pollution or hazards against which it cannot adequately insure or which it may elect not to insure. Incurring any such liability may have a material adverse effect on our financial position and operations.
Government Regulation/Administrative Practices
There is no assurance that the laws, regulations, policies or current administrative practices of any government body, organization or regulatory agency in the United States or any other jurisdiction, will not be changed, applied or interpreted in a manner which will fundamentally alter our ability to carry on our business.
The actions, policies or regulations, or changes thereto, of any government body or regulatory agency, or other special interest groups, may have a detrimental effect on us. Any or all of these situations may have a negative impact on our ability to operate and/or become profitable.
Use of Proceeds
Apart from receipt of the exercise price of the related options, we will not receive any of the proceeds from the sale of any of the 650,000 shares of common stock by Negar Towfigh.
Selling Stockholders
The following table identifies the selling stockholders and indicates (i) the nature of any material relationship that such selling stockholder has had with us for the past three years, (ii) the number of shares held by the selling stockholders, (iii) the amount to be offered for the selling stockholder's account, and (iv) the number of shares and percentage of outstanding shares of the common shares in our capital to be owned by the selling stockholder after the sale of the shares offered by them pursuant to this offering. The selling stockholder is not obligated to sell the shares offered in this reoffer prospectus and may choose not to sell any of the shares or only a part of the shares.  SEC rules require that we assume that the selling stockholder sells all of the shares offered with this reoffer prospectus.
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Under the Securities Exchange Act of 1934, any person engaged in a distribution of the shares offered by this reoffer prospectus may not simultaneously engage in market making activities with respect to our common shares during the applicable "cooling off" periods prior to the commencement of such distribution. In addition, and without limiting the foregoing, the selling stockholder will be subject to applicable provisions of the Securities Exchange Act of 1934 and the rules and regulations thereunder, which provisions may limit the timing of purchases and sales of the shares by the selling stockholder. As of December 22, 2003, there were 60,716,166 common shares in our issued and outstanding stock.
Selling Stockholder
Number of
Shares
Beneficially
Owned
(2)
Number of
Shares
Subject to
Options
(3)
Shares
Being
Registered
Percentage of Shares
Beneficially Owned
(4)
Before
Offering
After
Offering
Negar Towfigh
(1)
650,000
650,000
650,000
Nil
1.06%
(1)
Miss. Towfigh was appointed our secretary on May 28, 2002 and our Chief Financial Officer on June 7, 2002.
(2)
Represents shares owned beneficially by the selling stockholder, including shares that  she has the right to acquire within 60 days of the date of this reoffer prospectus.
(3)
Includes shares of our common stock underlying options granted to the selling stockholder, whether or not exercisable as of, or within 60 days of, the date of this reoffer prospectus.
(4)
Based on 60,716,166 shares outstanding as of December 22, 2003.
THE INFORMATION PROVIDED IN THE TABLE ABOVE WITH RESPECT TO THE SELLING STOCKHOLDER HAS BEEN OBTAINED FROM THE SELLING STOCKHOLDER. BECAUSE THE SELLING STOCKHOLDER MAY SELL ALL OR SOME PORTION OF THE SHARES OF COMMON STOCK BENEFICIALLY OWNED BY HER, ONLY AN ESTIMATE (ASSUMING THE SELLING STOCKHOLDER SELLS ALL OF THE SHARES OFFERED HEREBY) CAN BE GIVEN AS TO THE NUMBER OF SHARES OF COMMON STOCK THAT WILL BE BENEFICIALLY OWNED BY THE SELLING STOCKHOLDER AFTER THIS OFFERING. IN ADDITION, THE SELLING STOCKHOLDER MAY HAVE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF, OR MAY SELL, TRANSFER OR OTHERWISE DISPOSE OF, AT ANY TIME OR FROM TIME TO TIME SINCE THE DATE ON WHICH SHE PROVIDED THE INFORMATION REGARDING THE SHARES OF COMMON STOCK BENEFICIALLY OWNED BY HER, ALL OR A PORTION OF THE SHARES OF COMMON STOCK BENEFICIALLY OWNED BY HER IN TRANSACTIONS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933.
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Plan of Distribution
The selling stockholder may sell the 650,000 common shares for value from time to time under this reoffer prospectus in one or more transactions on the OTCBB, in negotiated transactions or in a combination of such methods of sale, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at prices otherwise negotiated. The selling stockholder may effect such transactions by selling the shares to or through broker-dealers, and such broker-dealers may receive compensation in the form of underwriting discounts, concessions or commissions from the respective selling stockholder and/or the purchasers of the shares for whom such broker-dealers may act as agent (which compensation may be less than or in excess of customary commissions).
The selling stockholder and any broker-dealers that participate in the distribution of the shares may be deemed to be an "underwriter" within the meaning of Section 2(11) of the Securities Act of 1933, and any commissions received by them and any profit on the resale of the shares sold may be deemed to be underwriting discounts and commissions under the Securities Act of 1933. All selling and other expenses incurred by the selling stockholder will be borne by the selling stockholder.
In addition to any shares sold hereunder, the selling stockholder may, at the same time, sell any shares of common shares, including the shares, owned by her in compliance with all of the requirements of Rule 144, regardless of whether such shares are covered by this reoffer prospectus.
There is no assurance that the selling stockholder will sell all or any portion of the shares offered.
We will pay all expenses in connection with this offering and, apart from receipt of the exercise price of the related options, we will not receive any proceeds from sales of any shares by the selling stockholder.
Experts
The financial statements as of December 31, 2002 and 2001 and for each of the years in the three-year period ended December 31, 2002, are incorporated by reference in this reoffer prospectus in reliance on the report of Williams and Webster P.S., independent accountants, which is also incorporated herein by reference, in reliance upon their authority as experts in accounting and auditing.
Legal Matters
The validity of the common shares offered by this reoffer prospectus will be passed upon for us and the selling stockholders by Stepp Law Group, Irvine, California, USA.
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Disclosure of Commission Position on Indemnification For Securities Act Liabilities
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling our business pursuant to the provision in the section entitled "Indemnification of Directors and Officers" (see below), we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act of 1933 and is therefore unenforceable.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
We incorporate the following documents by reference in this reoffer prospectus:
(a)
Our latest Quarterly Report on Form 10-QSB/A for the quarter ended September 30, 2003 filed with the Securities and Exchange Commission on November 25, 2003;
(b)
Our latest Quarterly Report on Form 10-QSB for the quarter ended June 30,
2003 filed with the Securities and Exchange Commission on August 14, 2003;
(c)
Our latest Quarterly Report on Form 10-QSB for the quarter ended March 31,
2003 filed with the Securities and Exchange Commission on May 20, 2003;
(d) Our latest Annual Report on Form 10-KSB/A for the year ended December 31, 2002 filed with the Securities and Exchange Commission on April 11, 2003;
(e) All of our other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), since September 3, 1999;
(f) The description of our common stock contained in the registration statement on Form 10-SB filed with the Securities and Exchange Commission on May 13, 1999, as amended on September 3, 1999; and
(g) All other reports (and documents) filed by us after the date of this Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing such documents.
WE WILL PROVIDE WITHOUT CHARGE TO EACH PERSON TO WHOM A COPY OF THIS REOFFER PROSPECTUS IS DELIVERED, UPON ORAL OR WRITTEN REQUEST, A COPY OF ANY OR ALL DOCUMENTS INCORPORATED BY REFERENCE INTO THIS REOFFER PROSPECTUS (EXCLUDING EXHIBITS, UNLESS THE EXHIBITS ARE SPECIFICALLY INCORPORATED BY REFERENCE
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INTO THE INFORMATION THE REOFFER PROSPECTUS INCORPORATES). REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT, MICRON ENVIRO SYSTEMS, INC.SUITE 1205, 789 WEST PENDER STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6C 1H2. OUR TELEPHONE NUMBER IS 604-646-6903.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
No "expert", as that term is defined pursuant to Regulation Section 228.509(a) of Regulation S-B, or our "counsel", as that term is defined pursuant to Regulation Section 228.509(b) of Regulation S-B, was hired on a contingent basis, or will receive a direct or indirect interest in the registrant, or was a promoter, underwriter, voting trustee, director, officer, or employee of the company, at any time prior to the filing of this Registration Statement
.
Item 6. Indemnification of Directors and Officers.
Our Articles of Incorporation and Bylaws designate the relative duties and responsibilities of our officers, establish procedures for actions by directors and shareholders and other items.  Our Articles of Incorporation and Bylaws also contain extensive indemnification provisions, which will permit us to indemnify our officers and directors to the maximum extent provided by Nevada law.  Pursuant to our Articles of Incorporation and under Nevada law, our directors and officers are generally not liable to us or our shareholders for damages as a result of any act or failure to act in his capacity as a director or officer unless it is proven that: (i) the act or failure to act of such officer or director constituted a breach of his fiduciary duties; and (ii) his breach of those duties involve intentional misconduct, fraud or a knowing violation of law.
On July 17, 2002, we entered into Indemnification Agreements with our directors and officers, which provide the indemnitee with the maximum indemnification allowed under applicable law.  Since the Nevada statutes are non-exclusive, it is possible that certain claims beyond the scope of the statute may be indemnifiable.  The indemnification agreement provides a scheme of indemnification, which may be broader than that specifically provided by Nevada law.  It has not yet been determined, however, to what extent the indemnification expressly permitted by Nevada law may be expanded, and therefore the scope of indemnification provided by the indemnification agreement may be subject to future judicial interpretation.
The indemnification agreement provides that we are to indemnify an indemnitee, who is or was a party or becomes a party or is threatened to be made a party to any threatened, pending or completed action or proceeding whether civil, criminal, administrative or investigative by reason of the fact that the indemnitee is or was one of our directors, officers, key employees or agents.  We are to advance all expenses, judgments, fines, penalties and amounts paid in settlement incurred by the indemnitee in connection with
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the investigation, defense, settlement or appeal of any civil or criminal action or proceeding as described above.  The indemnitee is to repay such amounts advanced only if it shall be ultimately determined that he or she is not entitled to be indemnified by us.  Any award of indemnification to an indemnitee, if not covered by insurance, would come directly from our assets, thereby affecting a shareholder's investment.
IN THE OPINION OF THE SECURITIES AND EXCHANGE COMMISSION,  INDEMNIFICATION FOR  LIABILITIES  ARISING  PURSUANT TO THE SECURITIES ACT OF 1933 IS CONTRARY TO PUBLIC POLICY AND, THEREFORE, UNENFORCEABLE.
Item 7. Exemption from Registration Claimed.
Not Applicable.
Item 8. Exhibits.
3.1
Corporate Charter*
3.2
Articles of Incorporation*
3.3
Certificate of Amendment to Articles of Incorporation*
3.4
Bylaws*
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Opinion of Stepp Law Group
10.1
2003C Non-Qualified Stock Option Plan**
10.2
2003C Non-Qualified Stock Option Agreement with Negar Towfigh dated November 21, 2003
23.1
Consent of Stepp Law Group (contained in its opinion filed as Exhibit 5 to
this Registration Statement)
23.2
Consent of Williams and Webster
*Filed as exhibits to our Registration Statement on Form 10-SB on May 13, 1999, and incorporated herein by this reference.
** Filed as an exhibit to our Registration Statement on Form S-8 on November 12, 2003, and incorporated herein by this reference.
Item 9. Undertakings.
The registrant hereby undertakes:
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(1) To file, during any period in which offers or sales are being made, a post- effective amendment to this registration statement:
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) to specify in the prospectus any facts or events occurring after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information specified in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of the securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be specified in the form of prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) (Section 230.424(b) of this chapter) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
provided
,
however
, that paragraphs (1)(i) and (1)(ii) shall not apply if the information required to be included in a post-effective amendment by those clauses is specified in periodic reports filed by the registrant pursuant to the provisions of Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement;
(iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement.
(2) That, for the purpose of determining any liability pursuant to the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities offered at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
The registrant hereby undertakes that, for purposes of determining any liability pursuant to the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act  (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising pursuant to the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant in the
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successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel that matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by the registrant is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant certifies it has reasonable grounds to believe that the registrant satisfies all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Vancouver, British Columbia, on December 29, 2003.
MICRON ENVIRO SYSTEMS, INC.,
a Nevada corporation
/s/ Bernard McDougall
_____________________
Bernard McDougall, Director and President
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on December 29, 2003, who are the directors of the registrant's board of directors and who shall administer and enforce the Stock Option Agreement with Negar Towfigh.
Signature and Title
/s/ Bernard McDougall
______________________
Bernard McDougall, Director and President
/s/ Stephen J. Amdahl
_____________________
Stephen J. Amdahl, Director
/s/ Conrad Clemiss
_______________________
Conrad Clemiss, Director
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