SOURCE: Stock Market Alerts

June 06, 2008 09:45 ET

Friday Morning Stock Report: TORO! June 6, 2008

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

MIAMI, FL--(Marketwire - June 6, 2008) - Stock Market Alerts' performance stock list includes: Toro Ventures, Inc. (OTCBB: TORO), Google (NASDAQ: GOOG), International Business Machines Corporation (NYSE: IBM), EOG Resources, Inc. (NYSE: EOG).

There is more important news coming from Toro Ventures, Inc. (OTCBB: TORO), and the company should have investors monitoring the stock this morning. Yesterday after the markets closed, the company issued a press release announcing that it has been informed by Nitro Petroleum Inc., the operator of the Quinlan #3 Lease, that it has commenced completion operations on the Quinlan #3 Well.

More good news for the company and its investors! The Quinlan Lease is located in the Hunton Limestone formation and this is considered to be one of the best producing formations in Oklahoma. The region has produced in excess of 5.8 million barrels of Oil to date, with value of over $626 Million USD.

The well was logged and passed through numerous formations which included the Misener Sandstone, Hunton Limestone, Viola Limestone and the Simpson Dolomite. We will be open hole testing the first Wilcox Sand on or before Friday, June 6th and Toro should have results on or before the middle of next week.

Logged results show that the Hunton Limestone formation was by far the best showing zone, as evidenced by the zone's sample fluorescence and heavy oil odor. The Hunton Limestone formation begins from 4,610 feet to 4,628 feet, translating to 18 feet of pay. The subsequent zone of interest is the Viola Limestone formation. The Viola Limestone formation begins from 4,724 feet to 4,772 feet, translating to 48 feet of pay.

The geologist is evaluating all the log information on the well and the operator of the Quinlan #3 Lease has elected to set pipe. We will be open hole completing the First Wilcox sand in the Quinlan #3. We expect initial flow rates shortly thereafter.

Frederick Graham, President & CEO of Toro Ventures, Inc., comments, "The findings on the Quinlan #3 Lease confirm our expectations. The Company will continue to work diligently to meet its project deadlines. The Company will be keeping shareholders advised of all completion results of the Quinlan #3."

Investors, watch this one closely!

Prior to the latest press release, the stock closed Thursday at $1.99 a share.

For Stock Market Alerts' in-depth profile of Toro Ventures, visit

Other Stocks of interest yesterday were:

Google (NASDAQ: GOOG) up 2.4% on 3.9 million shares traded. Google's innovative search technologies connect millions of people around the world with information every day.

International Business Machines Corporation (NYSE: IBM) up 0.7% on 6 million shares traded. IBM helped pioneer information technology over the years, and it stands today at the forefront of a worldwide industry that is revolutionizing the way in which enterprises, organizations and people operate and thrive.

EOG Resources, Inc. (NYSE: EOG) up 5.8% on 4.5 million shares traded. EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, offshore Trinidad and the United Kingdom North Sea.

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 Toro Ventures, Inc. (OTCBB: TORO). Currently, the compensation is twenty thousand dollars (ten thousand dollars for current services and ten thousand dollars for previous services) from third party, Sugarlump Holdings LLC., who is non-affiliated and 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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