SOURCE: Wall Street News Alert

Wall Street News Alert

October 03, 2007 09:42 ET

Wall Street News Alert: Breaking News Alert - PQRJ! October 3, 2007

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

WESTON, FL--(Marketwire - October 3, 2007) - Wall Street News Alert's "stocks to watch" this morning are: PetroQuest Resources, Inc. (PINKSHEETS: PQRJ), China Natural Resources, Inc. (NASDAQ: CHNR), MRV Communications, Inc. (NASDAQ: MRVC) and, Inc. (NASDAQ: BIDU).

Investors looking to possibly benefit from the energy sectors, are going to want to monitor PetroQuest Resources, Inc. (PINKSHEETS: PQRJ) and the stock closely this morning. The company, an oil and gas production and exploration corporation, issued a press release Tuesday after the markets closed announcing an overview of its business and an update about its recent accomplishments.

Great news for PQRJ investors! The press release states that through Mountaineer Gas Transmission, Inc. ("Mountaineer"), one of its wholly owned subsidiaries, PetroQuest owns and operates 66 gas and oil wells in West Virginia and 46 gas and oil wells in Ohio. Mountaineer also holds over 5,000 acres of oil and gas leases for future drilling in West Virginia, and about 5,000 acres of oil and gas leases for future drilling in Ohio. Mountaineer's management is currently negotiating the terms of other leases in surrounding areas that will be finalized once drilling on the present 10,000 + acres commences.

Additionally, PetroQuest owns 232 + miles of natural gas pipeline and gathering systems in Vinton Country, Ohio through another of its wholly owned subsidiaries, Tyr Energy, Inc. Tyr Energy has recently completed assessing and pressure testing over 50% of its natural gas pipeline and gathering systems in Vinton County, and has interconnected over 60% of the gas wells owned by Mountaineer in Vinton County. Tyr Energy plans to complete the interconnection of all of Mountaineer's gas wells located in the northern portion of Vinton County pipeline and gathering system before year end. Tyr Energy also plans to acquire new rights-of-way for this system for the purpose of adding to its gathering capabilities. Once this system has been fully assessed, Tyr Energy plans to transport natural gas for Mountaineer and for third parties that desire to sell their gas on the open market.

PetroQuest has just launched a new corporate website at Interested investors are encouraged to visit our new "Investor Relations" section where investors can click on "Request Info" and securely request an investor relations kit, receive a phone call from the Company's Investor Relations personnel, and/or receive press releases delivered immediately after release to a designated e-mail address.

Wall Street News Alert is alerting aggressive investors to watch this company closely! PetroQuest Resources Inc., a Nevada corporation, is a publicly held and traded oil and gas production and exploration corporation. PetroQuest conducts its oil and gas business through its subsidiaries and controlled entities Mountaineer Gas Transmission Inc., Tyr Energy Inc., Twin Fork Transportation, L.L.C., Majestic Oilfield Services Inc., and Advanced Brine Disposal Systems, L.L.C. PetroQuest is focusing its effort in the states of West Virginia and Ohio, and plans to become an oil and gas producer in the State of Texas in the near future.

Before the news was released, the stock closed Tuesday at $1.30 a share.

For Wall Street News Alert's in-depth and updated profile of PetroQuest, visit:

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China Natural Resources, Inc. (NASDAQ: CHNR) up 74.6% on 3.6 million shares traded. China Natural Resources, Inc. engages in mining zinc, iron, and other minerals for distribution in the People's Republic of China. It owns mining rights in two mines, The Yang Chong mine and the Zao Yun mine located in Wuhu City, Anhui Province, the People's Republic of China.

MRV Communications, Inc. (NASDAQ: MRVC) up 5.4% on 3 million shares traded. MRV Communications, Inc. ("MRV") is a leading provider of network equipment and services, and optical components. MRV's networking business provides equipment used by commercial customers, governments and telecommunications service providers, and includes switches, routers, physical layer products and out-of-band management products as well as specialized networking products for aerospace, defense and other applications including voice and cellular communication. MRV markets and sells its products worldwide through a variety of channels, including a dedicated direct sales force, manufacturers' representatives, value-added-resellers, distributors and systems integrators., Inc. (NASDAQ: BIDU) up 10% on 13.2 million shares traded., Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information.

Market Commentary:

"The dollar rebounded from record lows versus the euro, and also recovered some ground against the pound and the Canadian dollar," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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