Wall Street News Alert: PGNE Is Tuesday's Stock to Watch! March 6, 2007

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

Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (OTCBB: PGNE), Transocean, Inc. (NYSE: RIG), Caterpillar Inc. (NYSE: CAT) and Halliburton (NYSE: HAL).

PrimeGen Energy Corporation (OTCBB: PGNE) is another new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. Monday after the markets closed, the company issued a press release announcing that it has completed and executed a definitive funding and revenue sharing agreement with MB Gas Inc. ("MB"), a private Alberta oil and gas exploration company.

This could be great news! PrimeGen has agreed to advance a loan (the "Loan") of up to $3 million to MB in return for the assignment of revenue from MB's oil and gas operations. The Loan advances will be repaid from MB's revenues, as 75% to the Company and 25% to MB until payout; thereafter 30% to the Company and 70% to MB in perpetuity proportionally reduced if less than the full Loan is advanced. PrimeGen has an option to loan MB an additional $3 million (the "Option Loan") with similar payout terms and, in such case, the ongoing revenue split will be 60% to PrimeGen and 40% to MB in perpetuity. The proceeds from the Loan and Option Loan will be used to complete the tie-in of certain gas wells, fund seismic surveys, and perform related studies, exploration analyses and general operations on other targeted lands.

MB owns a majority interest in a sweet-sour gas processing facility and pipeline located in the Province of Alberta, that is linked to a transporting pipeline that runs south to Encana's Hub near the U.S. - Canada border. MB is presently connecting 3 Sawtooth formation natural gas wells (the "Wells") owned and operated by Provident Energy Trust. This work is scheduled to be completed within the next six months. Flow tests on the wells indicate that they should produce a minimum of 1,300 Mcf per day when they are connected, of which MB Gas will earn up to a 67.5% net revenue interest before payout (B.P.O.) and 45.0% after payout (A.P.O.).

MB also controls certain prospective lands in the area targeting mostly middle and deeper gas-bearing formations. These are in relatively close proximity to the pipeline system, and it is expected that the gas from any new commercial grade discoveries made by MB on those lands, together with gas from a number of previously plugged gas wells in the area, will be carried in MB's pipeline. This would be as a result of the ongoing funding of MB by the Company as aforementioned. Currently, a number of locations are under review as to geology and potential for immediate drilling or re-completion.

MB is presently focusing on the exploitation of targeted, low risk natural gas development opportunities in southeastern Alberta.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of PrimeGen Energy! William S. Marshall, Chairman of the Company, stated: "This new partnership with MB is consistent with PrimeGen's present goal of selectively funding attractive growth opportunities with comparatively low risk, while allowing us the control necessary to acquire the assets outright if circumstances dictate. By this transaction, we have ensured an ongoing revenue stream with little risk. We have also positioned ourselves to benefit directly from future increased cash flow from MB's expanding operations and to ultimately determine the direction of its future operations."

Continue to watch this company. Market Advisors recently set a target price of $3.80 on the company's stock (http://www.smallcapstockwatch.com/)

Prior to the latest press release, the stock closed Monday at $1.68 a share.

For Wall Street News Alerts in-depth profile of PrimeGen Energy, visit http://www.thenewssvc.com/PGNE030507.html.

Transocean, Inc. (NYSE: RIG) down 1.8% on 6.1 million shares traded.

Transocean, Inc. is one of the world's largest offshore drilling contractors with a fleet of 82 mobile offshore drilling units.

Caterpillar Inc. (NYSE: CAT) up 0.2% on 6.7 million shares traded.

Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent.

Halliburton (NYSE: HAL) down 2.2% on 15.6 million shares traded.

Halliburton is one of the world's largest providers of products and services to the petroleum and energy industries.

Market Commentary:

"In earnings, look for quarterly releases this week from: Costco Wholesale, BJ's Wholesale Club, Big Lots, and Men's Warehouse," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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