SOURCE: Wall Street News Alert

Wall Street News Alert

April 04, 2008 09:38 ET

Wall Street News Alert: Stocks to Watch This Friday Morning: AFSE! April 4, 2008

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

WESTON, FL--(Marketwire - April 4, 2008) - Wall Street News Alert's "stocks to watch" this morning are: ALL Fuels & Energy Company (OTCBB: AFSE), ConocoPhillips (NYSE: COP), Patriot Coal Corporation (NYSE: PCX) and Apache Corporation (NYSE: APA).

There is important news coming from ALL Fuels & Energy Company (OTCBB: AFSE), and the company should have investors monitoring the stock closely. Yesterday after the markets closed, the company, a development-stage ethanol company organized to operate as an ethanol producer, issued a press release announcing that it has selected a specific "super" enzyme on which its has begun testing to determine its capacity for boosting production of corn and cellulosic ethanol.

This selected super enzyme is the first in a suite of ten super enzymes identified for testing by AFSE Enzyme, LLC, a subsidiary of AFSE. It is expected that testing on this first super enzyme will last approximately thirty days.

"We are pleased with the rate at which our super enzyme project is progressing. As we continue to pursue acquisitions and vertical integration opportunities, we believe this super enzyme project greatly enhances our business model of risk management and low cost production," said Dean Sukowatey, ALL Fuels & Energy President.

As previously announced, AFSE Enzyme, LLC, plans to complete the commercialization of the ethanol super enzyme, producing corn and cellulosic ethanol with a possible savings of up to 50% reduction in production costs. Ethanol using the super enzyme will be manufactured from Sustainable Non-Food biomass and surplus waste products, such as wood chips, household garbage and sugarcane waste, which are abundantly available domestically and internationally.

The company also reported that Trinity Capital LLC ("Trinity"), a leading investment bank focused on the renewable fuels and clean technology industries, has been engaged to negotiate strategic acquisitions and facilitate the financing of those transactions.

This is also great news for the company, as Trinity will execute the acquisition of the production and integration opportunities AFSE management has identified and secured to date. Trinity Capital LLC is a boutique investment bank whose senior bankers have completed over $50 billion in M&A, private placement and restructuring transactions, including the recent funding of Green Earth Fuels LLC with the Carlyle Group, Riverstone Holdings and Goldman, Sachs & Co. Trinity brings world-wide project finance and M&A experience in renewable fuels and related industries and is comprised of senior level bankers from such bulge bracket firms as Goldman Sachs, Merrill Lynch, JP Morgan and others.

Investors are urged to continue to monitor the progress of the company!

Before the news was released, the stock closed Thursday at Fifty One cents a share.

For Wall Street News Alert's in-depth profile of ALL Fuels & Energy Company, visit http://www.WallStreetNewsAlert.com/HotStocks/AFSE040308/default.aspx

In case you are not familiar with the company: ALL Fuels & Energy Company is a development-stage ethanol company organized to operate as an ethanol producer, focusing primarily on the production and sale of ethanol and its co-products. To date, AFSE has: obtained $2.3 million in private equity funding; purchased 150 acres on which to build its proposed ethanol production facility in Manchester, Iowa; signed a five-plant engineering and design agreement; engaged Natural Resources Group to handle water-related environmental matters relating to the proposed Manchester ethanol production facility; engaged Yaggy-Colby to handle air-related environmental matters relating to the proposed Manchester ethanol production facility; and investigated and become involved in the potential acquisition of one or more existing ethanol production facilities.

ConocoPhillips (NYSE: COP) down 0.5% on 7.8 million shares traded. ConocoPhillips is an integrated petroleum company with interests around the world.

Patriot Coal Corporation (NYSE: PCX) up 16.7% on 1.4 million shares traded. Patriot Coal Corporation (the "Company") is a leading producer and marketer of coal in the eastern United States, with ten company-operated mines and numerous contractor-operated mines in Appalachia and the Illinois Basin.

Apache Corporation (NYSE: APA) up 6% on 3.8 million shares traded. Apache Corporation discovers and produces oil and gas in the United States, Canada, the United Kingdom sector of the North Sea, Egypt, Australia and Argentina.

Market Commentary:

"The Labor Department reported Thursday that new applications filed for unemployment insurance jumped by a seasonally adjusted 38,000 to 407,000 for the week ending March 29," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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