SOURCE: Wall Street News Alert

Wall Street News Alert

October 17, 2006 09:48 ET

MMTH Continues to Issue Positive News: Secures Re-Entry Wells! October 17, 2006

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

WESTON, FL--(Marketwire - October 17, 2006) - Wall Street News Alert's "stocks to watch" this morning are: Mammoth Energy Group, Inc. (PINKSHEETS: MMTH), SanDisk® Corporation (NASDAQ: SNDK), Occidental Petroleum Corporation (NYSE: OXY) and Open Solutions Inc. (NASDAQ: OPEN).

Once again, Mammoth Energy Group, Inc. (PINKSHEETS: MMTH) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that its wholly owned subsidiary, ProTerra Oil & Gas Exploration, Inc., has secured leases with 15 well locations in Kansas that it intends to re-complete using a polymer gel treatment.

This news should get the attention of investors! Three treatments are being scheduled before year end with the remainder being done in the first quarter of 2007.

"In the last ten years, there has been such an advance in completion and re-working technologies," said Christopher Miller, Mammoth's CEO. "Haliburton was one of the companies that had pioneered the use of a polymer gel that is used to seal off some of the water in wells with excessive water. The Arbuckle formation is ideal for these polymer treatments and there have been hundreds of wells that have been re-worked. We are fortunate enough to work with a team in Kansas that knows where to find ideal well candidates."

Continue to watch this company! An average polymer treatment scenario involves taking a well that is producing between 2 to 5 barrels of oil per day (BOPD) and 100+ barrels of water per day. According to the press release, after the well is treated and brought back on-line, initial production typically ranges anywhere from 30 to 100 BOPD before settling down at around 15 to 20 BOPD six months later.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Mammoth Energy Group! "The data we have gathered on these treatments shows that the well typically pays off within a matter of weeks to months," added Miller. "Again, on a well by well basis, this production is not spectacular. Across 15 to 25 wells, however, production revenues really start to add up. This is why we like these re-entrys because they are low risk and form part of our strategy of steady production accumulation."

ProTerra is currently working to secure a target of about 30,000 acres in Kansas where it intends to re-enter wells and drill exploration wells.

Prior to the latest press release, the stock closed yesterday at Forty Nine cents a share.

For an in-depth profile of Mammoth Energy Group, visit

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In case you are not familiar with the company: ProTerra is concentrating on three low risk strategies that round out steady accumulation of production and growth of monthly cash flow. First, it is developing low risk wells that are in or near existing oil fields where recoverable oil is in smaller amounts but is not as risky or expensive to drill. Secondly, it is working to acquire existing production that is undervalued and where infill drilling can increase reserves dramatically. Lastly, it is currently working on leasing acreage in "hot areas" that are in the path of current industry trends where major activity is occurring.

SanDisk® Corporation (NASDAQ: SNDK) up 2.8% on 14.2 million shares traded.

SanDisk is the original inventor of flash storage cards and is the world's largest supplier of flash data storage card products, using its patented, high-density flash memory and controller technology.

Occidental Petroleum Corporation (NYSE: OXY) up 2.4% on 5.6 million shares traded.

Occidental Petroleum Corporation is one of the leading energy companies.

Open Solutions Inc. (NASDAQ: OPEN) up 24% on 12 million shares traded.

Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing applications built on a single centralized Oracle relational database.

Market Commentary:

"Oil prices jumped by more than $1 a barrel Monday as OPEC prepares to meet later this week and cold weather forecasts prompted traders to bid up the cost of home-heating fuels," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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