Wall Street News Alert: Morning Watch for Thursday: ADVE -- May 28, 2009

Market Wire, May, 2009

Wall Street News Alert's "stocks to watch" this morning are: Adventure Energy Inc. (OTCBB: ADVE), Google Inc. (NASDAQ: GOOG), Ocean Power Technologies, Inc. (NASDAQ: OPTT) and Suntech Power Holdings Co., Ltd. (NYSE: STP).

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With oil prices hitting a new high for the year yesterday, Adventure Energy Inc. (OTCBB: ADVE) should have investors watching the stock very closely. Yesterday after the markets closed, the company, an energy exploration company with operations in the Appalachian Basin, issued a press release announcing that it has entered into a Letter of Intent with Buccaneer Energy to purchase a 50% working interest (39% net revenue interest) in the Petrowarrior-Stout recompletion project located in Pottawatomie and Seminole Counties, Oklahoma.

The project consists of 13 previously drilled and completed wells which will be reworked over the coming months and one water disposal well. Included within this project is the option to drill up to five (5) new wells on the leasehold acreage. The Company anticipates the rework project to begin before the end of June with the goal of completion over the next 9 months. The projected revenue stream from the first three (3) wells it is anticipated will fund the Company's remaining costs for this project.

"We are excited to have the opportunity to significantly increase our production at a time when commodity prices have shown a slight rebound in the business cycle. As the commodity prices improve, the project will prove to be an even more valuable acquisition,'' said Wayne Anderson, President of Adventure Energy, Inc. "We continue to focus on increasing production capacity and we look forward to re-affirming Adventure's commitment to identify and negotiate attractive acquisitions of oil and gas properties with an exploitation upside."

Investors are urged to continue to monitor the progress of this company!

The stock closed yesterday at Forty-Five cents a share.

For Wall Street News Alert's in-depth profile of Adventure Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=ADVE_052709 .

Google Inc. (NASDAQ: GOOG) up 0.3% on 3 million shares traded.

Google's innovative search technologies connect millions of people around the world with information every day.

Ocean Power Technologies, Inc. (NASDAQ: OPTT) up 17.6% on 317,000 shares traded.

Ocean Power Technologies is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable, clean and environmentally-beneficial electricity.

Suntech Power Holdings Co., Ltd. (NYSE: STP) up 10.9% on 18.9 million shares traded.

Suntech Power Holdings Co., Ltd. is the world's leading solar energy company as measured by production output of crystalline silicon photovoltaic (PV) modules.

Market Commentary:

Existing home sales saw a modest increase in April, as the National Association of Realtors said Wednesday that home sales rose 2.9 percent to an annual rate of 4.68 million last month, from a downwardly revised pace of 4.55 million in March.

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