Wall Street News Alert: Morning Watch for Tuesday: PrimeGen Energy -- July 28, 2009

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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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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