WESTON, FL , Exxon Mobil Corporation (NYSE: XOM), Chesapeake
Energy Corporation (NYSE: CHK) and Schlumberger (NYSE: SLB).
Having recently announced that it has entered into negotiations
to acquire the rights to a second line of related enzymes, ALL
Fuels & Energy Company (OTCBB: AFSE) should have investors
watching the stock closely. Yesterday after the markets closed, the
company, a development-stage ethanol company organized to operate
as an ethanol producer, issued a press release announcing that it
has received a $20 million term sheet which will further the
company's growth strategy including the development of its "super
enzyme" project.
More great news for the company, as the press release states
that the company has made significant progress in identifying and
testing an enzyme process that could bring substantial savings to
the $85 billion ethanol industry. This funding would provide the
necessary capital to bring the "super enzyme" through the
development and testing phase and if successful to the market. All
final funding agreements remain subject to negotiation and
appropriate due diligence efforts.
"We are pleased to have received this vote of confidence from
such a respected funding institution," said Dean Sukowatey, AFSE
President. "Now is the time a for a new technology to be introduced
which could greatly impact today's energy crisis and we are very
excited to have the opportunity to be developing this "super
enzyme" process which could be part of the solution."
The company reported last week that its subsidiary, AFSE Enzyme,
has entered into negotiations to acquire the rights to a second
line of related enzymes that have boosted ethanol production by
nearly 10% in field tests.
The press release states that following the first round of
negotiations, AFSE Enzyme is optimistic that its efforts will be
successful. With the enzyme cocktail AFSE Enzyme expects to
increase the ethanol yield per bushel of corn processed. The
complement of the 'super enzyme' patented enzyme production process
and the yield increase expected of the enzyme cocktail; we attack
the most expensive operating cost of any ethanol plant, feedstock.
With this synergy, we expect to use less feedstock and have
dramatic reduction of enzyme operating cost in the ethanol
plants.
Investors are urged to continue to monitor the progress of the
company!
Before the news was released, the stock closed Wednesday at
Twenty-Two cents a share.
For Wall Street News Alert's in-depth profile of ALL Fuels &
Energy Company, visit
http://www.WallStreetNewsAlert.com/HotStocks/AFSE061808/default.aspx
In case you are not familiar with the company: ALL Fuels &
Energy Company is a development-stage ethanol company organized to
operate as an ethanol producer, focusing primarily on the
production and sale of ethanol and its co-products. To date, AFSE
has: obtained $2.3 million in private equity funding; purchased 150
acres on which to build its proposed ethanol production facility in
Manchester, Iowa; and investigated and become involved in the
potential acquisition of one or more existing ethanol production
facilities, as well begun testing on "super" enzymes for use in
ethanol production.
Exxon Mobil Corporation (NYSE: XOM) down 0.8% on 23.4 million
shares traded.
Exxon Mobil Corporation engages in the exploration, production,
transportation and sale of crude oil and natural gas.
Chesapeake Energy Corporation (NYSE: CHK) up 3% on 15 million
shares traded.
Chesapeake Energy Corporation is the third-largest producer of
natural gas in the U.S. Headquartered in Oklahoma City, the
company's operations are focused on exploratory and developmental
drilling and corporate and property acquisitions in the Fort Worth
Barnett Shale, Fayetteville Shale, Haynesville Shale,
Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin,
South Texas, Texas Gulf Coast and Ark-La-Tex regions of the United
States.
Schlumberger (NYSE: SLB) up 1.4% on 9.6 million shares
traded.
Schlumberger is the world's leading oilfield services company
supplying technology, project management, and information solutions
that optimize performance for customers working in the oil and gas
industry.
Market Commentary:
"The average national price of a gallon of gas slipped 0.3 cent
overnight to $4.075 a gallon, according to a survey of stations by
AAA and the Oil Price Information Service. It was the second
straight decline, bringing prices half a cent below their latest
record of $4.08 a gallon," stated Sonja Rudd in Wall Street News
Alert's daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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