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WednesdayDec 19, 2007 9:07 am

Mammoth Energy Group, Inc. (MMTE.PK) Awarded “Speculative Buy” Rating and $0.30 Price Target

Mammoth Energy Group is focused on exploring, developing and extracting shallow gas resources and oil resources. The company identifies and evaluates oil and gas prospects then provides the necessary expertise and capital for development, leading to commercially variable quantities of oil and gas. Mammoth Energy contracts with third parties for prospect drilling operations, negotiating production sales contracts, and delivering oil and gas production to the marketplace. The Company owns the drilling rights to a 1,400 acre prospect in Oklahoma’s Noble and Kay Counties through its wholly-owned subsidiary, United Gas OK, Incorporated. Plans include drilling up to 60 gas wells on…

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MondayOct 01, 2007 9:29 am

Wall Street News Alert Featured Company: Mammoth Energy Group Inc. (MMTE.PK) Reports Record Oil Prices

After the markets closed Friday, Mammoth Energy reported that oil prices rose above $83 a barrel as concerns build regarding the weak dollar and the decline in crude inventories at a key Oklahoma terminal. The company’s working interests are in gas wells in a field of about 1,045 acres. Mammoth intends to drill more wells on the acreage and could reach a total of 25 wells. Exisiting wells are currently cash flowing positive and a full accounting of the production and engineering of the wells is anticipated by the end of this month. The CEO of Mammoth Energy Group, Joe V.…

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ThursdaySep 27, 2007 8:09 am

Wall Street News Alert Featured Company: Mammoth Energy Group (MMTE.PK) Acquires Working Interest in 17 Producing Wells

After the markets closed yesterday, Mammoth Energy announced that it completed the acquisition of a 15% working interest in 17 wells located in Oklahoma. According to the PR, the wells are currently cash flow positive and a full accounting of the production and engineering of the wells is expected to be completed by the end of this month. The company’s Chief Executive Officer, Joe Overcash, stated, “This acquisition gives us needed immediate cash flow to fund our exploration and development strategies in Oklahoma.” Wall Street News Alert is placing aggressive investors on alert to monitor the progress of the company…

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WednesdaySep 26, 2007 12:38 pm

Wall Street News Alert Featured Company: Mammoth Energy Group, Inc. (MMTE.PK)

Mammoth Energy Group is an oil and gas exploration holding company focused on the development of oil and gas prospects in Oklahoma. Its \mission is to identify and evaluate prospects, and provide the expertise and capital necessary to companies who are believed to have potential to successfully produce large quantities of oil. Through its newly created subsidiary, United Gas OK, Inc., the company has working interests in 17 producing gas wells and a deposit placed on a 1,400 acre field. According to a report completed by Jackson Engineering, the Herrington Limestone Formation is known to produce sweet gas, with initial…

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