SOURCE: Wall Street News Alert

September 19, 2006 10:08 ET

Wall Street News Alert: RENG Is Tuesday's Stock to Watch! September 19, 2006

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

WESTON, FL -- (MARKET WIRE) -- September 19, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Radial Energy Inc. (OTCBB: RENG), Valero Energy Corporation (NYSE: VLO), BJ Services Company (NYSE: BJS) and Marathon Oil Corporation (NYSE: MRO).

Once again, Radial Energy Inc. (OTCBB: RENG) has issued news which could cause the company to 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 it has approved the Authorization for Expenditure ("AFE") to commence drilling of the Campbell #1 well which will test the NW Jacksonville prospect for natural gas.

This could end up being good news for investors! The well, located in northern Cherokee County, Texas, is scheduled to commence drilling in approximately 2 weeks at an estimated cost of $103,650 to Radial Energy based on the Company's 30% working interest in the prospect before payout, which will revert to a 22.5% working interest after payout of invested funds.

Continue to watch this company! The primary target for the Campbell #1 well is the 1st Woodbine sand reservoir. According to a reserve assessment provided by Gustavson Associates, "The gas likely contained in this structure is not technically classified as Proved Undeveloped reserves, because no well penetrating the reservoir on this structure has tested at commercial rates. The reserves would thus be classified as Probable; however, the risk is considered relatively low for this category." Gustavson also estimates the probabilistic reserve for the Woodbine #1 reservoir range from 0.8 to 1.4 BCF, with a most likely case of 1.1 BCF, including 2,200 barrels of condensate. Two thousand feet to the southeast an analogous trap (Jacksonville NW Field) produced 977,909 mcf of gas and 2,070 barrels of condensate from the 1st Woodbine sand.

The Campbell #1 well will also test the Woodbine #2 and #3 sands, which management has identified on the basis of internal geology and reserves estimates as having the possibility of reserves and production, especially the Woodbine #2 sand, which was productive in the nearby West Jacksonville Field.

Wall Street News Alert is continuing to place Aggressive Investors and Speculators on alert to monitor the progress of Radial Energy! According to Radial President Leigh Lyons, "The Campbell #1 well will test several Woodbine sands, with the #1 sand viewed by both management and our third-party engineers, Gustavson Associates, as a low-risk test, classified as 'probable.' Of the three prospects making up the original Cherokee County Prospects, the soon-to-be-drilled NW Jacksonville and Junction prospects are the most reflective of our corporate strategy for North America, which is a primary focus on identifying previously drilled but undeveloped exploratory wells that due to factors at the time of initial drilling including the absence of pipeline infrastructure, lack of modern recovery technology, poor geological or engineering interpretation or low oil and gas prices, weren't fully exploited."

In an update to news the company released last week, MLC Operators LLC of Houston, Texas, who are undertaking drilling operations on the Texas projects, have advised the company that based on results at the G.D. Staton well #1 that the partners, including management of Radial, have elected to commence plugging of the well due to significant water shows in the logs. The well, which was drilled to test the seismically defined Highway 79 prospect, encountered reservoir quality sand but came in structurally low to prognosis.

Recently, Market Advisors has given RENG an intermediate term price of $3.25 a share! That report can be viewed at http://www.growthstockresearch.com/

Prior to the latest press release, the stock closed yesterday at Ninety-Three cents a share.

For Wall Street News Alert's in-depth profile of Radial Energy, visit http://www.thenewssvc.com/RENG091806.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.

In case you are not familiar with the company: Radial Energy identifies, acquires and develops low-risk oil and natural gas exploration and development opportunities throughout the Americas. The company's innovative strategy involves targeting overlooked or under-developed reserves that are under the radar of multinational oil companies and out of the reach of small independents. The company targets highly prospective oil and natural gas plays in historically productive regions with a primary focus on identifying previously drilled but undeveloped exploratory wells that due to factors at the time of initial drilling including the absence of pipeline infrastructure, lack of modern recovery technology, poor geological or engineering interpretation or low oil and gas prices, weren't fully exploited.

Radial Energy has rapidly assembled an impressive portfolio of oil and gas plays including working interests in three separate oil and gas prospects located in Cherokee County, Texas, as well as in the Block 100 oil project located within the Huaya Anticline area in the Ucayali Basin of eastern Peru. The company has also executed a Letter of Intent to acquire rights to explore and develop oil reserves on the Bosques Block play located in the prolific Middle Magdalena Valley of Colombia.

Valero Energy Corporation (NYSE: VLO) up 4.2% on 15.7 million shares traded.

Valero Energy Corporation owns and operates 18 refineries throughout the United States, Canada and the Caribbean.

BJ Services Company (NYSE: BJS) up 2% on 5.5 million shares traded.

BJ Services Company is a provider of pressure pumping and other oilfield services to the petroleum industry.

Marathon Oil Corporation (NYSE: MRO) up 3.1% on 5.1 million shares traded.

Marathon is a U.S.-based fully integrated international energy company.

Market Commentary:

"In other economic news, the Commerce Department said that the U.S. deficit was up to $218.4 billion in the second quarter, up from the $213.2 billion in the first quarter. Oil prices were down again in morning trading; for October delivery the price dropped by 28 cents or $63.05 per barrel," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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