SOURCE: Wall Street News Alert

Wall Street News Alert

June 06, 2008 08:33 ET

Wall Street News Alert: TORO Is Still on the Move! June 6, 2008

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

WESTON, FL--(Marketwire - June 6, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Toro Ventures, Inc. (OTCBB: TORO), Wal-Mart Stores Inc. (NYSE: WMT), Exxon Mobil Corporation (NYSE: XOM) and Level 3 Communications, Inc. (NASDAQ: LVLT).

Having announced this week that drilling has reached total depth on the Quinlan #3 Well, Toro Ventures, Inc. (OTCBB: TORO) should have the attention of traders this morning. Yesterday after the markets closed, the company issued a press release announcing that it has been informed by Nitro Petroleum Inc., the operator of the Quinlan #3 Lease, that it has commenced completion operations on the Quinlan #3 Well.

Good news for TORO! The Quinlan Lease is located in the Hunton Limestone formation and this is considered to be one of the best producing formations in Oklahoma. The region has produced in excess of 5.8 million barrels of Oil to date, with value of over $626 Million USD.

The well was logged and passed through numerous formations which included the Misener Sandstone, Hunton Limestone, Viola Limestone and the Simpson Dolomite. We will be open hole testing the first Wilcox Sand on or before Friday, June 6th and Toro should have results on or before the middle of next week.

Logged results show that the Hunton Limestone formation was by far the best showing zone, as evidenced by the zone's sample fluorescence and heavy oil odor. The Hunton Limestone formation begins from 4,610 feet to 4,628 feet, translating to 18 feet of pay. The subsequent zone of interest is the Viola Limestone formation. The Viola Limestone formation begins from 4,724 feet to 4,772 feet, translating to 48 feet of pay.

The geologist is evaluating all the log information on the well and the operator of the Quinlan #3 Lease has elected to set pipe. We will be open hole completing the First Wilcox sand in the Quinlan #3. We expect initial flow rates shortly thereafter.

Frederick Graham, President & CEO of Toro Ventures, Inc., comments, "The findings on the Quinlan #3 Lease confirm our expectations. The Company will continue to work diligently to meet its project deadlines. The Company will be keeping shareholders advised of all completion results of the Quinlan #3."

Investors are urged to monitor the progress of the company!

Prior to the latest press release, the stock closed Thursday at $1.99 a share.

For an in-depth profile of Toro Ventures, visit

Toro Ventures, Inc. has moved aggressively into the Oil and Natural Gas exploration business. Oil and Gas prices are at high levels due to increased world energy demands and supply shortfalls. These higher prices should enable smaller and faster moving companies like Toro Ventures to be aggressive in acquiring further opportunities within the Sector.

Wal-Mart Stores Inc. (NYSE: WMT) up 3.5% on 32.8 million shares traded.

Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam's Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom.

Exxon Mobil Corporation (NYSE: XOM) up 3.7% on 24 million shares traded.

Exxon Mobil Corporation engages in the exploration, production, transportation and sale of crude oil and natural gas.

Level 3 Communications, Inc. (NASDAQ: LVLT) up 12% on 97.3 million shares traded.

Level 3 Communications, Inc. is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network.

Market Commentary:

"Unexpectedly, the Labor Department reported Thursday that applications for unemployment benefits totaled 357,000 last week, some 18,000 fewer than the previous week. That pushed applications for benefits to their lowest level since mid-April," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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