SOURCE: Wall Street News Alert

May 03, 2006 08:37 ET

Wall Street News Alert: Breaking Market News! 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), Exxon Mobil Corporation (NYSE: XOM), Chevron Corp. (NYSE: CVX) and Schlumberger Limited (NYSE: SLB).

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 http://www.thenewssvc.com/GFPE050206.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.

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.

Exxon Mobil Corporation (NYSE: XOM) up 1.9% on 18.6 million shares traded.

Exxon Mobil Corporation is an international energy company whose subsidiaries have operations in many countries and territories.

Chevron Corp. (NYSE: CVX) up 2.6% on 8.4 million shares traded.

Chevron Corporation is one of the leading energy companies.

Schlumberger Limited (NYSE: SLB) up 3.1% on 8 million shares traded.

Schlumberger is the leading oilfield services company.

Commentary:

"Oil once again remains in the headlines as an Iranian oil deputy predicted $100 per barrel by next winter. Oil for June delivery traded at $74.10 up 40 cents. Gold was also up, trading at $666 an ounce, up by $5.90. The dollar weakened against the euro and bond prices were up as well, trading at 95 9/32 yielding 5.12%. Iran continues to ignore world pressure regarding nuclear technology, Nigeria still has riots, and Venezuela and Bolivia are no friends to the U.S. so oil is a major head ache to most consumers," 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.

*** 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! If you receive any such fax, please do not contact us at www.wallstreetnewsalert.com. You may wish to inquire about the fax, with the CEO of the company that the fax is written about ***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). 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 Fifteen Thousand Dollars for coverage of Gulf Petroleum Exchange, Inc., (OTC: GFPE) by a third party (Networth Marketing Inc.), 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