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MGLG, CPNE, NAVZ, RSPG - OTCStockExchange.com Stock Alert.

Publication: M2 Presswire
Publication Date: 28-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 February 2007-otcstockexchange.com: MGLG, CPNE, NAVZ, RSPG - OTCStockExchange.com Stock Alert(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:28022007

Rochester, NY - OTCStockExchange.com's "Stock Watch Alert" this morning are Magellan Energy Ltd. (Pink Sheets: MGLG), Commerce Planet, Inc. (OTCBB: CPNE), Navistar International Corporation (Pink Sheets: NAVZ), Royal Spring Water Inc. (Pink Sheets: RSPG).

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Magellan Energy Ltd. (Pink Sheets: MGLG - http://finance.yahoo.com/q?s=MGLG.PK ) Magellan Energy Ltd. announced that their "Recompletion Program" for over 100 oil & gas properties in Oklahoma will commence immediately. Proex Energy Management from Houston Texas will be the petroleum consulting company directing the field operations on the first "ten well package" recompletion program to begin immediately.

Magellan management said, "These first ten wells will be our starting group of wells to provide fairly fast production revenues for the company, and will be the catalyst for our planned 100 well development and recompletion program. We intend to evaluate the best available existing wells and re-equip them with new downhole and surface equipment, and perform some remedial work-over services to get these wells back into optimum production status again. Many of these wells have potential zones for producing oil and gas in unproduced horizons in the well bores and we will attempt to produce these zones as well as implementing recompletion techniques on many of the other zones in these wells."

The first well that Magellan will be recompleting will be the "Martens...

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