SOURCE: Wall Street News Alert

August 17, 2005 09:46 ET

Breaking Stock Alert: Capital Hill Bid -- Up to 300 Million Barrels!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- August 17, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Capital Hill Gold, Inc. (OTC BB: CHGI), Wal-Mart Stores, Inc. (NYSE: WMT), Delta Air Lines, Inc. (NYSE: DAL) and Beacon Power Corp. (NASDAQ: BCON).

Capital Hill Gold, Inc. (OTC BB: CHGI) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing further information with respect to its participation in the 2005 Nigerian oil bid round.

Additional information relating to the award licenses could be helpful to investors! In response to numerous telephone and email inquiries from shareholders and other interested parties, Dan Enright, President of Capital Hill Gold, provided additional information with regards to our last two press releases.

Continue to watch this company! Mr. Enright said, "The final selection for the 2005 offshore oil Nigerian bid round will to be made August 26th, 2005, primarily based on the qualifications of our joint development partner, Oil Services Inc. ( Should our joint venture be selected, CHGI and Oil Services, Inc. expect to partner with a major multinational oil company to head up the exploitation of the concession. Our consortium has bid for three concession blocks. The three concessions contain up to 300 million barrels with 200 million barrels in proven reserves."

The concessions being offered are located offshore which is an area of particular interest to the multinational oil companies currently involved in Nigeria, which include Royal Dutch/Shell, Chevron Texaco and Exxon/Mobil. (The US Department of Energy's analysis of the Nigerian oil industry can be found at CHGI cannot predict with certainty the ultimate economic impact that an oil concession award will have until negotiations with a multinational.

Investors should continue to monitor the progress of Capital Hill Gold for further developments! Last week, the company issued a press release announcing that the federal government of Nigeria will on August 26 award licenses to about 47 oil block concessions under the 2005 bid round, that is expected to bring in new players into the nation's petroleum industry and also stimulate investments in the downstream sector.

For updated in-depth coverage and a company profile of Capital Hill Gold, visit

Prior to yesterday's press release, the stock closed at Forty-Five cents a share.

In case you are not familiar with the company: Capital Hill Gold's strategic objective is to obtain controlling interests in petroleum, uranium and other strategic and precious metal properties with excellent exploration potential for economically significant to world-class ore deposits. CHGI has acquired rights to several mineral exploration properties with uranium, gold and silver, and is actively negotiating for the acquisition of additional properties.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Wal-Mart Stores, Inc. (NYSE: WMT) down 3.1% on 29.7 million shares traded, Delta Air Lines, Inc. (NYSE: DAL) up 13.6% on 25.6 million shares traded and Beacon Power Corp. (NASDAQ: BCON) up 9% on 19.2 million shares traded.


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