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Hot Stock Alert: Emerging Public Company Overseas Oil &Amp; Gas Mid-Fourth Quarter Status! December 7, 2005

Posted on: Wednesday, 7 December 2005, 09:00 CST

Wall Street News Alert's "stocks to watch" this morning are: EGPI Firecreek, Inc. (OTC BB: EFCR), Chevron Corp. (NYSE: CVX), Halliburton (NYSE: HAL) and Newmont Mining Corporation (NYSE: NEM).

EGPI Firecreek, Inc. (OTC BB: EFCR) may be one of the targets of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company and The Sahara Group, Inc. (TSG), Firecreek's strategic partner, issued a press release reporting the progress for the development of its international oil and gas unit.

The details of the report may get the attention of investors, as the company recently initiated deployment of its first U.S. based natural gas acquisition and will be targeting additional U.S.-based acquisitions while concurrently developing its numerous overseas opportunities by year end 2005.

Continue to watch this company! Highlights from the release include:

In Kazakhstan: Firecreek Petroleum and its Strategic Partner TSG signed a memorandum of understanding on November 11, 2005 with one of the largest oil producing enterprises in Kazakhstan to jointly undertake final technical due diligence for review in preparation for the anticipation of operations and the development of a proved undeveloped field (PUD) known as Kamenskoye. This field spans approximately 100,000 acres and is adjacent to the previously announced 1.7 million acre Kamenkovsky field exploration block. If successfully completed, the Kamenskoye field acquisition would represent a major benchmark for the Firecreek's Petroleum Unit in accomplishing goals planned for the commencement of operations in Kazakhstan.

Management believes that the Oil & Gas developments in Kazakhstan provide an excellent opportunity for the Firecreek Petroleum unit to wage its bid to become an active achiever in the international Oil & Gas arena and that upon the successful completion of these in country programs should lead to exponential growth for EFCR.

In Ukraine: The company, with its strategic partner The Sahara Group, signed a Memorandum of Understanding with the operator of the Burgrevatovskoye field, UKRNAFTA. The Sahara Group is a member of the Energy Independence Committee which was established this year by the Ukraine government. Firecreek Petroleum will be reviewing technical data on 6 additional oil and gas fields offered by the Ukraine government for rehabilitation through the Ukraine Oil company NAFTOGAZ in early 2006. As per NAFTOGAZ guidelines Firecreek Petroleum will negotiate agreements on all selected fields with the local Ukrainian operators who have been previously operating these fields.

In Libya: Firecreek received a formal invitation to meet with the Head of the Libyan National Oil Corporation. At this meeting discussions were focused around Firecreek's previously submitted Memorandum of Understanding and the proposed contract to rehabilitate two older fields. It is anticipated that discussions will focus around an in-depth technical review of the two fields. Firecreek Petroleum has been asked to make its development proposal before year end.

Romania: Discussions continue with OMV-PETROM and government officials on the turn over of older fields that can be rehabilitated. These fields may become a part of a larger potential venture involving Firecreek. Firecreek's Romania In-Country Manager, Serge Caldar, is working with our international consulting firm RCI Consultants in these preliminary talks. Formal meetings have been proposed for January 2006.

Investors should continue to monitor the progress of Firecreek!

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

For an in-depth profile of Firecreek, visit http://www.backissuesofnewsalerts.us/EFCR1206.html

In case you are not familiar with the company: EGPI Firecreek, Inc., through its Firecreek unit, is focused on oil production with an emphasis on acquiring existing oil fields with proven reserves. Additionally, the company specializes in the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Chevron Corporation (NYSE: CVX) up 0.5% on 7.4 million shares traded, Halliburton (NYSE: HAL) down 0.4% on 5.5 million shares traded and Newmont Mining Corporation (NYSE: NEM) up 4% on 9.4 million shares traded.

Commentary:

"Housing, according to the National Association of Realtors, of pending home contracts fell slightly in October by 3.3%; used home sales were down 2.7%, while new home sales were up by 13%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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