Market Overview

Wall Street News Alert: Stock on the Move: PrimeGen Energy - August 17, 2009


WESTON, FL--(Marketwire - August 17, 2009) - Wall Street News Alert's "stocks to watch" this
morning are: PrimeGen Energy Corporation (PINKSHEETS: PGNE), Bank of
America Corp. (NYSE: BAC), Exxon Mobil Corporation (NYSE: XOM) and BB&T
Corp. (NYSE: BBT).

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With strong production results announced in July for the first two
Kochmesskoye wells, PrimeGen Energy Corporation (OTC: PGNE) continues to
make significant progress on its proposed development program targeting a
minimum of 30 oil wells at the Timan-Pechora Project. Now the initial
production numbers for the third Kochmesskoye well are in.

On Friday, the company reported that the well commenced commercial oil
production on August 8, 2009, and the Company has received production
results for the first 7 days. According to the release, total oil produced
and sold was 7,980 barrels with an average daily production rate of 1,140
barrels per day.

The Kochmesskoye well is the third of a multi-well program drilled at
Timan-Pechora by PrimeGen. The 2009-10 development program calls for the
drilling of a minimum of 30 wells to develop the field. When fully
developed, the 30 wells could yield a daily production rate at
Timan-Pechora of 35,000 barrels per day.

The stock closed yesterday at Twenty Seven cents a share.

For an in-depth profile of PrimeGen Energy, visit

Bank of America Corp. (NYSE: BAC) up 2.2% on 302.4 million shares traded.

Bank of America is one of the world's largest financial institutions.

Exxon Mobil Corporation (NYSE: XOM) down 0.7% on 19.2 million shares

Exxon Mobil Corporation is one of the leading international energy
companies whose subsidiaries have operations in most of the world's

BB&T Corp. (NYSE: BBT) up 9.4% on 32.2 million shares traded.

BB&T Corporation is the nation's 10th largest financial holding company.

Market Commentary:

Friday, bond prices rose sharply. The yield on the benchmark 10-year
Treasury note, which moves opposite its price, fell to 3.55 percent from
3.62 percent late Thursday. The drop in the 10-year yield is good news for
consumers because it is closely tied to interest rates on mortgages and
other loans.

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