AGGI Is on the Move: Participates in Joint Venture With Young Oil Corporation! October 17, 2006

Wall Street News Alert's "stocks to watch" this morning are: Allied Energy Group, Inc. (PINKSHEETS: AGGI), JLG Industries, Inc. (NYSE: JLG), Evergreen Solar, Inc. (NASDAQ: ESLR) and GlobalSantaFe Corporation (NYSE: GSF).

Allied Energy Group, Inc. (PINKSHEETS: AGGI), may once again be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it is participating with the Young Oil Corporation in the drilling and development of three gas wells located in Knox County, Kentucky.

This news may excite investors! "Our primary target in Knox County is the Big Lime formation," said Steve Stengell, Sr. Vice President of Operations for the Company. "An understanding of the reservoir's characteristics and the application of seismic data is key to this area, and Young Oil is the prominent developer in this area."

"The company is delighted to work with the Young Oil Corporation on this project and is confident that the outcome from these three wells will result in more extensive development of this area in the future," said Scott Harris, Allied's Sr. Vice President, who added, "Field operations are currently underway."

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Allied Energy Group! Earlier yesterday, the company also issued an update regarding its five-well coalbed methane project located in Rogers County, Oklahoma.

According to that press release, the first well (Schmidt #1) was successfully drilled to a measured total depth of 1,090 vertical feet and apparently encountered an estimated 7-14 total feet of potentially productive interval "natural gas pay-zone" in the Croweberg, Bartlesville, and Mulkey coal seam formations.

"Our successful testing of samples for gas and indications from multiple zones is very encouraging," said Steve Stengell, Sr. Vice President of the Allied Energy Group, Inc. "A drilling rig is currently drilling our 2nd location."

Prior to the latest press release, the stock closed yesterday at Ninety cents a share.

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com , where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the company: Allied Energy Group, Inc. is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company employs geologists, petroleum engineers, seismic specialists, and financial analysts whose combined industry experience is essential to the success of each project. Allied Energy Group's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.

JLG Industries, Inc. (NYSE: JLG) up 32.8% on 20 million shares traded.

JLG Industries, Inc. is one of the world's leading producers of access equipment.

Evergreen Solar, Inc. (NASDAQ: ESLR) up 15.2% on 10.2 million shares traded.

Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies.

GlobalSantaFe Corporation (NYSE: GSF) up 4.4% on 4 million shares traded.

GlobalSantaFe is one of the leading providers of offshore oil and gas drilling and drilling management services.

Market Commentary:

"Oil prices jumped by more than $1 a barrel Monday as OPEC prepares to meet later this week and cold weather forecasts prompted traders to bid up the cost of home-heating fuels," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .

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