Native American Energy Group Inc. (fka NAGP)

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Press Release recap:
Native American Energy Group, Inc. (OTC: NVMG) up 14.2% on 55 million shares traded.

Native American Energy Group, Inc. recently announced it has received the first round of its $5 million financing as required under the Loan Agreement from the energy arm of a Foreign Investment Group. The Company also announced today that it has made the final payment on Rig #1. CFO, Raj Nanvaan stated, "It looks extremely promising for NAEG." The Company is very pleased with the favorable terms of the loan. Mr. Nanvaan, who now serves as Vice President and CFO, was instrumental in sourcing the $5,000,000 loan at 8% interest for the energy company that he and President Joseph D'Arrigo founded two years ago. The note, which is being collateralized with restricted shares of the Company's common stock (with no conversion feature), supercedes & replaces all other previous funding proposals that the Company has considered.

Market Commentary: "In oil, it traded as high as $62 a barrel and then eased, but still up $1.16 for the day. The Energy Department reported a drop in crude oil supplies last week; most analysts had expected a slight increase in supplies. The last four weeks saw a drop of overall oil supplies by 451,000 barrels versus the same time period last year," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.