SOURCE: Wall Street News Alert

Wall Street News Alert

June 24, 2008 09:33 ET

Wall Street News Alert: Breaking News Alert - NTRO! June 24, 2008

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

WESTON, FL--(Marketwire - June 24, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Nitro Petroleum, Inc. (OTCBB: NTRO), ConocoPhillips (NYSE: COP), Barrier Therapeutics, Inc. (NASDAQ: BTRX) and Corn Products International, Inc. (NYSE: CPO).

Nitro Petroleum, Inc. (OTCBB: NTRO) continues to make progress, and the company should be a "must see" for investors looking to possibly benefit from the U.S. Oil & Gas industry. Yesterday after the markets closed, the company issued a press release announcing that the Quinlan #3 has been completed in the Hunton Limestone, June 12, 2008.

This is good news for the company! The press release states: Tubing, rods and down hole pump were installed on June 13, 2008. Due to severe weather the Pumping Unit was installed on June 18th, 2008. The Quinlan #3 well officially went on line the same day June 18th at 3:45 PM Central Time. The well has to pump out the Frac water before we start recovering the Oil and Gas production which we will report shortly. The Quinlan #3 well encountered three productive pay zones, the Viola, Limestone and the Simpson Dolomite, of which we tested June 9, 2008 and found an 8 to 10% oil cut in the Simpson Dolomite with 2,000 BBLS of salt water per day. This data is very important as we are drilling our Quinlan #4 and future wells. We still have over 1400 barrels of Frac water to recover. As of Sunday June 22nd the company reports the water has started to "Colour Up" showing Oil & Gas.

Investors are urged to continue to monitor the progress of the company! This month the company had reported that the Drilling Contractor Jerry Scott Drilling LLC. had moved on to the second well location. According to that press release, the Quinlan #4 well has five potential pay zones: the Misener Sandstone, Hunton Limestone, Viola Limestone, Simpson Dolomite and the first Wilcox Sand.

The stock closed Monday at Twenty Nine cents a share.

For Wall Street News Alert's in-depth profile of Nitro Petroleum, Inc., visit

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ConocoPhillips (NYSE: COP) up 3% on 11.7 million shares traded. ConocoPhillips is an integrated petroleum company with interests around the world.

Barrier Therapeutics, Inc. (NASDAQ: BTRX) up 128.9% on 7.6 million shares traded. Barrier Therapeutics is a pharmaceutical company focused on the development and commercialization of products in the field of dermatology.

Corn Products International, Inc. (NYSE: CPO) up 18.3% on 15.8 million shares traded. Corn Products International is one of the world's largest corn refiners and a major supplier of high-quality food ingredients and industrial products derived from the wet milling and processing of corn and other starch-based materials.

Market Commentary:

"There is little economic data to look forward to, and investors are focused on the price of oil and the Fed's two-day meeting. Most investors expect the Fed to keep its key federal funds rate on hold, and in its economic statement, emphasize the rising threat of inflation," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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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. For current services, WSCF has been compensated Eleven Thousand Dollars for services performed for Nitro Petroleum, Inc. (OTCBB: NTRO) by third party, Geneva Bancorp 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. Furthermore, WSCF maintains a contractual, working relationship with Stock Market Alerts LLC and its' Wall Street Enews brand, who has been compensated thirteen thousand dollars from third party, Sugarlump Holdings LLC., who is non-affiliated and may hold a significant position in the stock. WSCF has been previously compensated in 2008 for services performed for Nitro Petroleum, Inc. by a separate third party, 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.

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