WESTON, FL -- (MARKET WIRE) -- 07/28/09 -- Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (PINKSHEETS: PGNE), ConocoPhillips (NYSE: COP), Google Inc. (NASDAQ: GOOG) and American International Group, Inc. (NYSE: AIG).

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PrimeGen Energy Corporation (PINKSHEETS: PGNE) continues to make rapid progress with the Timan-Pechora Project. This month the company made the important announcement that June production at first Kochmesskoye well totaled 25,200 Barrels of Oil. Now, PrimeGen is reporting successful oil production on its second of the planned 30 well drilling program.

Yesterday after the markets closed, the company issued a press release announcing that the Kochmesskoye #2 at Timan-Pechora Project is a producing, commercially viable oil well.

The oil well was drilled, cased, completed and stimulated during the past month. This well is the second of the planned 30 well drilling program to be drilled and completed for the Timan-Pechora Project. The operator of the newly producing Kochmesskoye #2 oil well will have a production flow rate report available this week for the Company to announce.

Company President Robert Charlton said, "We are very enthusiastic by initial flow indications and look forward to a full report examining the well flow rates later this week."

The stock closed yesterday at Nine cents a share.

For an in-depth profile of PrimeGen Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_072709.

ConocoPhillips (NYSE: COP) up 0.6% on 11.3 million shares traded.

ConocoPhillips is an integrated petroleum company with interests around the world.


Google Inc. (NASDAQ: GOOG) down 0.4% on 2.5 million shares traded.

Google's innovative search technologies connect millions of people around the world with information every day.

American International Group, Inc. (NYSE: AIG) up 4.3% on 10.2 million shares traded.

American International Group, Inc. is a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions.

Market Commentary:

In what could signal a bounce back in the battered housing market, new home sales in June posted the fastest increase in more than eight years. New home sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000, the Commerce Department reported Monday. The median sales price of $206,200 was down 12 percent from $234,300 a year earlier and off nearly 6 percent from $219,000 in May.

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Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its' Wall Street Enews brand. WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for PrimeGen Energy Corporation (PINKSHEETS: PGNE), WSCF has been compensated Four Million shares, by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds One Million, Four Hundred Thousand of those shares as of this release, and intends to immediately continue selling its shares as this release is being circulated. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.


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