SOURCE: Wall Street News Alert

February 16, 2006 09:46 ET

WWNG on the Move: Targets Exploration Efforts in the 3rd Largest Gas Producing Area in U.S.! February 16, 2006

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

WESTON, FL -- (MARKET WIRE) -- February 16, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: WW Energy Inc. (OTC: WWNG), Exxon Mobil Corporation (NYSE: XOM), Valero Energy Corporation (NYSE: VLO), and Chesapeake Energy Corporation (NYSE: CHK).

One stock that may show some potential as the markets begin trading this morning is WW Energy Inc. (OTC: WWNG). Yesterday after the stock markets closed, the company's subsidiary, WW Oil & Gas Inc., issued a press release announcing that that comprehensive drill programs are being developed for full exploration of its oil and gas properties located in the San Juan Basin.

This news may excite investors, as The San Juan Basin is the third largest gas production area in the United States. It is estimated there are approximately 43,000 producing wells in the area with an additional 5,000 new wells per year coming on stream over the next 10 years.

Wall Street News Alert is putting aggressive investors on high alert to continue watching this company! President Olin Glover commented as follows on the company's plans: "Since going public we are on track with our business plan. In 2006 we're aiming at major milestones for both subsidiaries. On the oil and gas side we expect to initiate a number of drilling programs this year. Our current acreage identifies undeveloped proven reserves and we intend on putting our ten years of drilling and completion experience in this area of the San Juan Basin to good use."

WW Oil & Gas Inc. intends to continue the acquisition of oil and gas properties and plans aggressive exploration of its current acreage.

The company's press release details specifics about each project and also states that ConocoPhillips, Shell Oil, XTO Energy, Encana and British Petroleum are among those companies active in the area.

Investors watch WW Energy Inc. very closely!

Prior to yesterday's press release, the stock closed yesterday at Forty-Two cents a share.

To view a detailed, in-depth profile of WW Energy Inc, visit

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In case you are not familiar with the companies: WW Energy inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas related assets through two wholly owned subsidiaries.

WW Oil & Gas Inc., established in 2005, is in the business of acquiring leases and oil and gas related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has rights to three oil and gas exploitation projects in the San Juan Basin area of New Mexico. Comprehensive drill programs are being developed for full exploitation of these projects.

WW Trucking Inc., formed in 1999, is a leading oil and gas services company for the oil field services industry in Utah, Colorado, New Mexico and Arizona (The Four Corners Area). The existing business operations are in transporting fresh production water for oil drilling/exploration and waste water for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Exxon Mobil Corporation (NYSE: XOM) up 0.3% on 21.6 million shares traded, Valero Energy Corporation (NYSE: VLO) up 1.6% on 17.1 3.9 million shares traded, and Chesapeake Energy Corporation (NYSE: CHK) up 0.3% on 13.6 3.9 million shares traded.


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