SOURCE: Wall Street News Alert

Wall Street News Alert

October 17, 2006 08:38 ET

Stock Alert: Emerging Public Company 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), ConocoPhillips (NYSE: COP), Lumera Corporation (NASDAQ: LMRA) and Nokia (NYSE: NOK).

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 http://www.thenewssvc.com/MMTH101606.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

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.

ConocoPhillips (NYSE: COP) up 1.7% on 9.5 million shares traded. ConocoPhillips is an integrated petroleum company with interests around the world.

Lumera Corporation (NASDAQ: LMRA) up 216.4% on 7 million shares traded. Lumera is one of the leaders in the emerging field of nanotechnology.

Nokia (NYSE: NOK) up 0.3% on 12.4 million shares traded. Nokia is the world leader in mobile communications, driving the growth and sustainability of the broader mobility industry.

Market Commentary:

"The Dow Jones inched closer to the 12,000 bench mark as investors grew more optimistic that corporate profits will remain robust amid a slowing economy. In the last hour of trading, the Dow reached a record trading high of 11,997.25, before easing up to 11,980.60 in the last minutes," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're interested in telling your story, we can help. Contact us at info@wallstreetnewsalert.com

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 50 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.

WSNA is a Platinum 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.

*** It has come to the attention of Wall Street News Alert (WSNA), that various persons or companies distribute faxes bearing similar names to Wall Street News Alert. Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street.***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its Wall Street Enews brand. WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Fourteen Thousand Dollars for coverage of Mammoth Energy Group, Inc. (PINKSHEETS: MMTH), by a third party (Emerging Market Consultants LLC), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

Contact Information