SOURCE: Wall Street News Alert

May 03, 2006 09:52 ET

Stock Watch: Small Public Company to Market Desulfurization Process! May 3, 2006

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

WESTON, FL -- (MARKET WIRE) -- May 3, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Gulf Petroleum Exchange, Inc. (OTC: GFPE), Halliburton (NYSE: HAL), Transocean Inc. (NYSE: RIG) and El Paso Corporation (NYSE: EP).

Gulf Petroleum Exchange, Inc. (OTC: GFPE) 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 together with Jeanblanc International Inc. they formed Omega Energy, LLC as an equally owned entity for constructing and operating proprietary desulfurizing units. Gulf Petroleum will also be the managing entity for all operations.

News of the new entity created for use of the desulfurizing units should get the attention of investors! According to the company's press release, Omega Energy, LLC, is currently setting up a portable desulfurization demonstration unit this first week of May 2006, within a Gulf Coast refinery that is refining 1,000,000 barrels of oil per month. On average, the desulfurizing unit, operating at that capacity, will increase the refineries margins by at least $6.00 per barrel; increasing the bottom line upwards of $72,000,000.00 per year. Omega Energy will share in those profits.

Continue to watch this company! The press release states that the USA and Europe are tightening limits on the sulfur content of Gasoline at the same time the crude oil coming out of the ground is becoming increasingly "sour", or sulfurous. Current Desulfurization technology requires a vast array of catalysts, high operating pressure, the generation of hydrogen, and it uses enormous quantities of fuel, and some very expensive equipment. Using current technology, a medium sized desulfurization system will cost upwards of $100,000,000.00 and take one year or more to construct and will not extract all of the sulfur compounds. The cost of constructing the comparable Omega Desulfurization equipment is about $5,000,000.00.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Gulf Petroleum Exchange! Jim Jeanblanc, President of Jeanblanc International, Inc. stated: "The cost of material and management of our process is exponentially less expensive then the traditional process. We are looking forward to changing the face of the industry."

Skip Wheeler President of Gulf Petroleum Exchange, Inc., states: "We expect a successful implementation of our Demo unit and look forward to installing a permanent one at this facility. Once up and running we intend on marketing this process to refineries throughout the World."

The stock closed yesterday at Twenty cents a share.

For an in-depth profile of Gulf Petroleum Exchange, visit

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Jeanblanc International, Inc. is an 18-year-old privately held corporation that has developed a new and innovative patent pending process that economically and dramatically reduces the sulfur from crude oil, heavy fuel oil and refined products.

Halliburton (NYSE: HAL) up 1.6% on 7.9 million shares traded.

Halliburton is one of the largest providers of products and services to the petroleum and energy industries.

Transocean Inc. (NYSE: RIG) up 4.8% on 7 million shares traded.

Transocean Inc. is one of the largest offshore drilling contractors.

El Paso Corporation (NYSE: EP) up 2.8% on 6.7 million shares traded.

El Paso Corporation is a provider of natural gas and related energy products.


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