Gas to Liquid
Commencement of Operations Started 28/12/2006
The strategy of GTL Resources plc is to produce liquids such as methanol and ethanol from stranded gas, corn and other feedstocks with quality counterparties. GTL manages all aspects of a project: finance, feedstock supply, production and marketing.

In line with its strategy of seeking to develop and exploit markets for alternative fuels, GTL has, since the beginning of 2001, concentrated primarily upon developing methanol projects, principally in Australia, and, more recently, ethanol project work. The Board has recognised the strategic benefits of acquiring a cash generative asset on a shorter time scale than the typical methanol construction time of three years. In furtherance of this strategy, on 6 September 2005 GTL Resources acquired a controlling interest in Illinois River Energy (IRE) to build an ethanol plant at Rochelle, Illinois, through its wholly owned subsidiary, GTL USA, which has been established for the purpose of investing in ethanol projects in the USA. GTL USA has invested in IRE by way of a subscription for units of IRE pursuant to the Unit Purchase Agreement.

This project has the advantage that the Plant is expected to produce revenues on a shorter time scale and at a significantly lower capital cost than the methanol plant in Australia.

The Company intends to further expand within the ethanol industry in the United States or other suitable markets by selective acquisition of low cost production facilities. The Company sees itself as a potential consolidator of ethanol plants in a particularly fragmented market.

FT Tip
GTL Resources, an Aim-listed company. It raised money to build an ethanol plant in the US. Raw materials costs have risen but the price of ethanol has gone through the roof. The earnings potential should be spectacular.

New Plant

Construction started at Rochelle, Illinois site in September and production from the 50 million gallon per annum ethanol plant is expected to commence in the fourth quarter of 2006. Following unusually mild weather in Illinois the project has progressed well and is on schedule and on budget. Whilst the Companys main efforts centre on the successful delivery of the US ethanol project at Rochelle, the potential expansion of that site to 100 million gallons is being investigated. In addition and consistent
with GTLs stated strategy for the expansion of its interests in the ethanol industry, other ethanol opportunities have also been identified and will be analysed. Pictures Of The Site Under Construction March 27, 2006 http://www.illinoisriverenergy.com/html/construction.html


Arden
http://gtlresources.com/documents/ArdenAnalystResearchNote.pdf
http://www.gtlresources.com/documents/ArdenAnalystResearchNote.pdf
BBC News Item On Ethanol
http://news.bbc.co.uk/nolavconsole/ukfs_news/hi/newsid_4940000/newsid_4948400/bb_wm_4948456.stm

Ethanol Priceshttp://ethanolmarket.aghost.net/
Ethanol as a Transportation Fuel
http://energy.ca.gov/afvs/vehicle_fact_sheets/ethanol.html

Annual report for 2006
http://www.gtlresources.com/documents/GTLAnnualReport2006_001.pdf
Pics from Ethanol Producer Magazine of GTL's plant.
http://ethanolproducer.com/plant-images.jsp?plant_id=302&image_id=59
Commencement of Operations Started 28/12/2006
http://www.gtlresources.com/
Economics of Ethanol
http://www.ces.purdue.edu/extmedia/ID/ID-339.pdf
2 July 2007 GTL Resources FY pretax loss narrows, plans 13 mln stg placing to fund expansion
http://moneyam.uk-wire.com/cgi-bin/articles/200707020705014067Z.html
GTL Web Site
http://www.gtlresources.com/

Naah, leave your sock on for six weeks to ferment the corn, put the ethanol thus produced in the fuel tank of your car (thereby ensuring you meet the Government's new carbon reduction targets) and use the leftovers for animal feed :o)

Current ethanol price 2.225p

Haystack - you talk such bollocks.

I will only mention Haystack this one time.

He is just after some reaction best not to rise to it, so best for everyone to ignore him. And just concentrate on information and news on GTL and associated items.

No Problem ;)

Ethanol Chart fixed again.

Thanks Driver!

Punters getting bored? keep the faith.

Have tucked shares away and gone to sleep, just wake me up on news flow.

Seems like the right idea. Spit. am sorely tempted to buy more at this price, but am already overweight this stock and want to be sensible.

The co has to be worth 100 mil at current production and prices, on PE 10, but PDYOR.

Gents I have chased hard since last week due to Peter Middleton being on travels had this reply this morning so again fingers crossed.

I have dictated 2 messages to you Thurs and Fri. Sorry you did not get them. RNS tuesday am. Regards Peter

laurie
Cheers, shame we got a drop before any possible RNS.

Probably means we'll get a drop after the RNS as well!

Anyway, how crap am I at choosing shares.... I bought in at 2.38p... bid is now 1.38! It's grim isn't it !

skyhigh
Bought at 3 bottom draw no problem.

I'm confident for the future - by the summer we'll be back in profit. Also over 3 yrs etc we could be expecting divi's couldnt we?

Especially since Arden labelled GTL a 'Cash Cow' (you should all know your boston box!) when it was still using very conservative figures.

Whats holding this down is the uncertainty over the finance of the expansion once this becomes clear and we get some numbers on production we will see a steady rise in the sp.

Any idea on what the expansion will cost Driver?

just topped up, managed to buy at 1.40. hope your right about the rns tomorrow laurie!

Thanks Driver and all for your words of comfort.. I'll continue to hold... the only thing that bugs me is that every time someone says it's the bottom and it's a bargain and just wait for the future highs... it then goes down again ! how low will it go before the turn around ? (if there is one)