SOURCE: Wall Street News Alert

Wall Street News Alert

August 06, 2007 09:43 ET

Wall Street News Alert: MGRA Is Monday's Stock to Watch! August 6, 2007

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

WESTON, FL--(Marketwire - August 6, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Monogram Energy, Inc. (PINKSHEETS: MGRA), Occidental Petroleum Corp. (NYSE: OXY), BP (NYSE: BP) and Talisman Energy Inc. (NYSE: TLM).

With $100-a-barrel oil that Goldman Sachs Group Inc. has forecasted by 2009, investors looking to possibly benefit from the energy sector should have their eyes on Monogram Energy, Inc. (PINKSHEETS: MGRA). Friday after the markets closed, the company, an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, issued a press release announcing that the Company has obtained the rights to workover the Mobhun 1 well in Pecos County, Texas.

This is additional good news for Monogram Energy, which has also announced last week that it has selected the A.N. Johnson I well in Pecos County, Texas to begin its workover program! Billy D. King, President and CEO of Monogram Energy, stated, "With our second well acquisition announced today, management feels confident that we will meet our goal of 50 additional wells for our Workover Program by year's end. We will continue to identify and procure the rights to promising leases." Mr. King continued, "We anticipate cumulative initial production of 10,000 barrels of oil per month once all wells have completed the Workover Program."

According to the press release, at current market prices, initial net revenue to Monogram's interest could exceed $750,000.00 per month assuming all wells can complete the Workover Program in a timely manner.

Wall Street News Alert continues to alert aggressive investors to watch this company closely. Pecos County is a highly defined shallow well prospect located in Southwest Texas. The Mobhun 1 is located on an 80-acre lease and was originally completed in the Ellenberger formation at approximately 4,100'. Its last production was in 1998 when it was shut down due to low oil prices. Monogram will implement its Workover Program on the existing perforations, drill out a bridge plug and complete in the original Ellenberger zone. The Company's analysis of the well and its reserves anticipate it should produce approximately 150-250 barrels per month.

Additionally, the company also recently announced that Market Advisors, Inc. has issued a research report establishing an intermediate-term price target of $0.58 for the Company's shares.

Before the news hit the wires, the company's stock closed Friday at Eight cents a share.

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

Occidental Petroleum Corp. (NYSE: OXY) down 3 % on 8 million shares traded. Occidental Petroleum Corporation, through its subsidiaries, primarily engages in the exploration, development, production, and marketing of crude oil and natural gas in the United States and internationally. It holds interests in the Permian basin located in west Texas and New Mexico; Elk Hills oil and gas field in California; Hugoton field located in Kansas and Oklahoma; Horn Mountain oil field in the Gulf of Mexico; and the Piceance basin located in western Colorado.

BP (NYSE: BP) down 3.6% on 5.6 million shares traded. BP is a global producer, manufacturer and marketer of oil, gas, chemicals and renewable energy resources.

Talisman Energy Inc. (NYSE: TLM) down 3.2% on 3.6 million shares traded. Talisman Energy Inc. is an independent upstream oil and gas company headquartered in Calgary, Alberta, Canada. Talisman has operations in Canada and its subsidiaries operate in the North Sea, Southeast Asia, Australia, North Africa, the United States and Trinidad and Tobago.

Market Commentary:

"The Labor Department said non-farm payrolls rose 92,000 last month, less than the 132,000 jobs created in June and below the average forecast of about 135,000. Also, unemployment ticked up to 4.6 percent, a six-month high, from 4.5 percent in June. Still, overall unemployment remains low, analysts noted," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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