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Article Excerpt
M2 PRESSWIRE-28 July 2009-Wall Street News Alert: Ahead of the Bell: PrimeGen Energy - July 28, 2009(C)1994-2009 M2 COMMUNICATIONS
RDATE:28072009
Weston, FLA -- Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (OTC: PGNE), Expo Holdings, Inc. (OTC: EXPH), The Evermedia Group (OTC: EVRM) nandc SpongeTech(R) Delivery Systems, Inc. (OTCBB: SPNG).
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PrimeGen Energy Corporation (OTC: 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.
Expo Holdings, Inc. (OTC: EXPH) up 100% on 103.9 million shares traded.
On Jul 27, 2009 Expo Holdings, Inc. recently announced shareholder conference call.
The company will be conducting a shareholder conference call on July 28th, 2009 at 10:00 am ET. Shareholders are invited to attend in person, or call in via: 1-800-615-2900 code #17268.
James D. Brown, CEO, stated, "The Company is pleased to conduct a conference call with...
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