SOURCE: Wall Street News Alert

Wall Street News Alert

October 03, 2007 09:34 ET

Wall Street News Alert Issues Special Alert on 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), ConocoPhillips (NYSE: COP), Ceragon Networks Ltd. (NASDAQ: CRNT) and BearingPoint, Inc. (NYSE: BE).

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 www.petroquestresourcesinc.com. 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: http://www.WallStreetNewsAlert.com/HotStocks/PQRJ100207/default.aspx

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.

ConocoPhillips (NYSE: COP) down 2.2% on 12.6 million shares traded. ConocoPhillips is an integrated petroleum company with interests around the world.

Ceragon Networks Ltd. (NASDAQ: CRNT) up 9.8% on 3.2 million shares traded. Ceragon Networks Ltd. is a leading provider of high capacity wireless backhaul solutions that enable wireless service providers to deliver voice and premium data services, such as Internet browsing, music and video applications. Ceragon's wireless backhaul solutions use microwave technology to transfer large amounts of network traffic between base stations and the infrastructure at the core of the mobile network.

BearingPoint, Inc. (NYSE: BE) up 4.4% on 5.6 million shares traded. BearingPoint, Inc. is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide.

Market Commentary:

"The National Association of Realtors reported Tuesday that its seasonally adjusted index of pending sales for existing homes fell 6.5 percent in August from July and 21.5 percent from a year ago," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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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. WSCF has been compensated Seven Thousand Dollars for coverage of PetroQuest Resources, Inc. (PINKSHEETS: PQRJ), by a third party, 3JP's Inc., who is non-affiliated and may hold significant positions 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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