SOURCE: Wall Street News Alert

Wall Street News Alert

October 30, 2007 09:33 ET

Wall Street News Alert: Stocks on the Move for Tuesday: PQRJ! October 30, 2007

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

WESTON, FL--(Marketwire - October 30, 2007) - Wall Street News Alert's "stocks to watch" this morning are: PetroQuest Resources, Inc. (PINKSHEETS: PQRJ), Suntech Power Holdings Co., Ltd. (NYSE: STP), Sierra Wireless Inc (NASDAQ: SWIR) and Limelight Networks (NASDAQ: LLNW).

With the price of oil continuing to rise to new record highs, investors looking to possibly benefit from the energy sectors are going to want to continue monitoring 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 Monday announcing that Mountaineer Gas Transmission, Inc., its wholly owned gas and oil production subsidiary, has finalized the acquisition of 100% of the working interest in 5 gas and oil wells in Vinton County, Ohio for the purchase price of $150,000.00.

The press release states that these wells were placed under contract, subject to due diligence inspection and review, earlier this month. These newly acquired gas and oil wells hold oil and gas leases on approximately 520 acres. This acreage gives the Company 7 - 8 high-quality future drilling sites.

The Company plans to make the gas produced from these wells available for sale directly to an industrial end user. According to the press release, without performing any significant post-closing work on these wells, it is anticipated that they will generate approximately $125,000.00 of net income per year from sales of natural gas produced and an undetermined amount of marginal net income from sales of oil produced. Based reports received from geologists and petroleum engineers, the Companys Management is of the opinion that the probable production from any new wells drilled on the surrounding leased acreage will be as set forth below:

--  $41,310/well/month (Months 1-12)*: Anticipated production is 100
    mcf/day of natural gas and 25 bbls of oil/day 28 days per month
    
--  $27,948/well/month (Months 13-24)*: Anticipated production is 80
    mcf/day of natural gas and 16 bbls of oil/day 28 days per month
    
--  $21,488/well/month (Months 25-48)*: Anticipated production is 60
    mcf/day of natural gas and 12.5 bbls of oil/day 28 days per month
    
--  $18,350/well/month (Months 49-120)*: Anticipated production is 60
    mcf/day of natural gas and 10 bbls of oil/day 28 days per month
    
--  $13,661/well/month (Years 11 - 20)*: Anticipated production is 45
    mcf/day of natural gas and 7.5 bbls of oil/day 28 days per month
    

*Based on natural gas sales at $6.00/mcf and sales of oil at $55.00/bbl, less a 12.5% landowner's royalty, less 6% state taxes, less 20% transportation fee for the gas, and less $400 per month operating cost.

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 Monday at $1.26 a share.

For Wall Street News Alert's in-depth and updated profile of PetroQuest, visit: http://www.WallStreetNewsAlert.com/HotStocks/PQRJ102907/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.

Suntech Power Holdings Co., Ltd. (NYSE: STP) up 12.7% on 6.5 million shares traded.

Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors.

Sierra Wireless Inc (NASDAQ: SWIR) up 10.8% on 2.9 million shares traded.

Sierra Wireless modems and software connect people all over the world with mobile broadband networks that keep them in touch, informed and productive from wherever they need to be. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, machine-to-machine, and specialized vertical industry markets and provides professional services to customers requiring expertise in wireless design, integration and carrier certification.

Limelight Networks (NASDAQ: LLNW) up 10.3% on 1.3 million shares traded.

Limelight Networks is a high-performance content delivery network for digital media, providing massively scalable, global delivery solutions for on-demand and live Internet distribution of video, music, games, software and social media. Limelight Networks' infrastructure is optimized for the large object sizes, large content libraries, and large audiences associated with compelling rich media content.

Market Commentary:

"The Federal Reserve is meeting this Tuesday and Wednesday, and most analysts expect a rate cut between .25-.50 basis points. The current short-term rate is at 4.75%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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