SOURCE: Stock Market Alerts

September 20, 2006 09:32 ET

Stock Alert for MMTH! September 20, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL -- (MARKET WIRE) -- September 20, 2006 -- Stock Market Alert's performance stock list includes: Mammoth Energy Group, Inc. (PINKSHEETS: MMTH), ConocoPhillips (NYSE: COP), Chesapeake Energy Corporation (NYSE: CHK), AutoZone, Inc. (NYSE: AZO).

Mammoth Energy Group, Inc. (PINKSHEETS: MMTH) released news that should have the attention of speculative investors this morning. Yesterday after the stock markets closed, the company issued a press release announcing that its wholly owned subsidiary, ProTerra Oil and Gas, Inc., has drilled and completed its first well in Ellis County, Kansas.

This news may get the attention of traders. The well was drilled in late July and completed in late August. The #1 Fredd Haas, drilled to the Arbuckle formation, has steadily pumped 60 barrels a day since its completion. The #1Fredd Haas should net 23 barrels a day to Proterra, or approximately $40,000 per month in production revenues.

A second offset well one half mile away the #1Theckla Haas has also encountered commercial pay in the Arbuckle formation. The #1Theckla Haas is also completed and awaiting further testing and engineering. From drill stem tests, ProTerra expects this well to produce between 20-40 barrels a day. ProTerra has a 45% working interest in both wells.

This is a stock for speculative investors to watch! "We are thrilled with the results of this drilling program," said Christopher Miller, Mammoth's CEO. "We have found oil in two Arbuckle wells, and will drill an offset to these producers within five months. Our seismic was very accurate in determining these Arbuckle features which increases the likelihood of success for our planned offsetting wells."

ProTerra's planned offsets are currently subject to rig availability which is currently averaging 90-120 days. Proterra is also planning to re-enter some existing well bores in this field and use polymer secondary recovery technology to gain even more Arbuckle production from this mature Arbuckle field. ProTerra has a 45% working interest in the leasehold that covers the producing field. "We really like these Arbuckle fields in Kansas, where there are significant pockets of oil to be found," says Miller. "We are actively leasing and pursuing many prospects in the Arbuckle trend in Central Kansas," says Miller.

A profile of Mammoth Energy Group, Inc. can be found at: http://www.wallstreettradingalerts.com/MMTH091906.html

Before the company's news was released, the stock closed on Tuesday at fifty-one cents a share.

ProTerra has a three pronged strategy to acquire oil and gas production and build cash flow. First, using 3-D seismic and well control, ProTerra is developing low risk drilling prospects in or near existing oil and gas fields. Secondly, it is buying existing abandoned or undeveloped production to re-enter with new technology that can boost or elevate production. Lastly, ProTerra is aggressively leasing substantial acreage positions in Montana, Colorado and Kansas. These acreage positions have generated interest from industry partners.

ProTerra's parent company, Mammoth Energy Group, Inc., was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. The acquisition of its two wholly owned subsidiaries has provided a foundation from which to grow in two excellent regions: northeastern Oklahoma shelf and the Rocky Mountain region.

Other Stocks of interest yesterday were:

ConocoPhillips (NYSE: COP) down 1.3% on 12.2 million shares traded.

ConocoPhillips is an integrated petroleum company with interests around the world.

Chesapeake Energy Corporation (NYSE: CHK) down 0.8% on 6.9 million shares traded.

Chesapeake Energy Corporation is one of the largest independent producers of natural gas.

AutoZone, Inc. (NYSE: AZO) up 4.8% on 3.8 million shares traded.

AutoZone is one of the nation's leading retailers of automotive parts and accessories.

Wall Street Enews is a Sponsor of Quality Stocks. Quality Stocks tracks the stock picks of 150 Investment Newsletters every day and reports on their performance. For Their Free Service, Visit www.qualitystocks.net.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for Mammoth Energy Group, Inc. (PINKSHEETS: MMTH). The compensation is fourteen thousand dollars from third party, Emerging Markets Consulting, LLC, who may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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