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/

This RNS from yesterday probably explains some of the recent larger sales:

GTL Resources PLC
26 October 2006



For Immediate Release 26 October 2006



GTL Resources plc


('GTL' or the 'Company')


Disclosure of Significant Shareholdings


Under the Companies Act 1985, Section 199(2a), I am writing to inform you that
as of 20 October 2006 the British Coal Staff Superannuation Scheme held
67,138,135 ordinary shares. This represents a decrease from 3.00% to 2.96% of
the issued share capital of your company.

silvermede
A very small amount of shares I dont think it will affect the sp.

I posted this on Marketwatch (The U.S site) and got the reply below.

Any one got any opinions on GTL looks well under valued they are about to open an Ethanol plant at Rochelle, Illinois, producing 50 million gallon per annum ethanol, the plant is expected to commence in the fourth quarter of 2006. Expanding to 100 million gallon per annum soon after.

how can you tell? is it trading? I don't see it anywhere....
personally, I don't like pink sheets stock...very risky....
If it's going to ipo soon, it might be worthe a quicl play as an IPO, but ethanol isn't really doing well right now.
Longer term, a big board ethenol play would be much safer....I'm holding some OTD....there are many others...

GTL trades on the London AIM market but also in the US, on the aim the sp is 50% down from its high at 2.20p when production starts we are looking at 5p rising to ? when the revenue starts to flow.

ok, well....for me there's just too many others to play. Why would an Illinois co trade in London? just curious....


It happens, we also have Chinese stocks on our London markets.

yes, we have them here too,...but this GLT is listed here on the pink sheets and hasn't traded today at all....seems like most of the action would be nearer to home....curious...hmmmm
Anyway, good luck with it.

That is the point they are starting production soon now is the time to get on board if it starts trading in the US the sp will pick up big time.

Thanks but I'm really not interested in it. Pink sheets stocks are mostly manipulated and I don't have time to sit and watch for a big tank job. This applis eeven if the co is legit....the exchange is just too crooked. I try to stay on the big boards (mostly)
I hope you do well with it, though.

The End

looks like you got him interested Driver!

Might also be worth pointing out that one of the reasons that it trades on the U.K. exchange is that it is a British company with it's head office in the U.K.
I believe it took over a U.S. based company, thus the Illinois connection.

HARRYCAT
Good point I will go back next week and have another go. Or if any one else would like a go feel free.

http://www.marketwatch.com/discussions/default.asp?siteId=mktw

Driver most of the speal could be copied from the top of the page description of GTL. It evens explains how the US purchase was achieved.

just checked that site - it doesnt look like much of a place to sound out new investors - and if that guys rights (I have no idea if he is) then it is unlikely anyone there will invest in GTL if they are on the "Pink Sheets".
I think the SP. will do fantastic in the U.K. anyway but it's still a good idea driver.

BBC 16:54 GMT 17:54 UK


UK planning law on climate change

The bill is being considered for the Queen's Speech next month
A climate change bill which could see regular targets put in place to cut UK carbon dioxide emissions is being considered by the government.
An independent system to gauge progress in reducing greenhouse gases is also likely to be included, BBC political editor Nick Robinson said.

The move follows a campaign by Friends of the Earth - supported by the Tories and Liberal Democrats - for such a law.

A Nasa study says the world is the warmest it has been for 12,000 years.

Came across this snippet from a Growth Report Newsletter (4 Oct 06) when clearing out my old e-mails:


'Bio, including Bio-Ethanol (made from crops like corn) and Biodiesal (produced from vegetable oils), is on a phenomenal upswing. U.S. Ethanol production last year grew to more than 4 billion gallons, produced by 106 facilities in the U.S. Biodiesal consumption in the U.S. grew from 25 million gallons per year in 2004 to 78 million in 2005, and is forecast to hit 300 million this year and 750 million in 2007. Currently, there are 15-20 biodiesal plants in the southeastern United States, each producing 1 30 million gallons per plant, with more facilities being built. Right now, the demand for ethanol and biodiesal for cars and trucks is estimated to more than double, to 6% of all road fuels in the next 4 years a $28.4 billion market.'

silvermede
The only problem is we have seen a price drop in Q4 for ethanol thats why GTL is down as the same as other ethanol producers but all will change when we start producing the stuff IMO.

Yep, agree driver, we only need the $20 dollars a barrel price to be a comercial success. Legislation will drive this forward. Even the Republicans are turning green!

This also must help GTL bed time reading.

Climate Change Review
http://news.bbc.co.uk/1/shared/bsp/hi/pdfs/30_10_06_slides.pdf
Summary
http://news.bbc.co.uk/1/shared/bsp/hi/pdfs/30_10_06_exec_sum.pdf

Can you trade GTL on CFDs

poldark
Wouldn't know.

Poldark ..... yes you can ..... but imo, though the share is in the right sector, it's based in the wrong country (USA) and again imo, their raw amterial and process makes it currently too expensive

GTL as I understand is in profit and appears to have a good sound base for moving onwards and upwards,its been a good few weeks now and still the SP is not moving . To buy or not to buy at this stage,any thoughts welcome.

yes ... see above! ..... US only makes noises about going green but actually does nothing meaningful ..... oil lobby is too strong!

CHESNEY - different side of the arguement - U.S major push on ehtanol at the moment and in the future, GTL perfectly postioned to benefit.
Its rival Renova - RVA - has a market cap of roughly 10 mil more than GTL althouhg its only producing around 20 million barrels of ethanol P.A, GTL Will soon producing 50 million, forecast to rise to 100 in the not to distant future.
And for the ultimate long term GTL plans rapid construction of more ethanol plants around the U.S.
STRONG BUY. (No need to reply Cynic).

chesney
This is the expansion potts is talking about.

by: Timon Day
GTLs mega fundraiser (Shares Mag)

Hugely ambitious plans are being hatched to make GTL Resources (GTL:AIM) the largest ethanol producer in America by spending 400 million on
five new plants. Its first plant at Rochelle, Illinois is nearing completion and is expected to be in production by November, making 50 million
gallons a year. A second plant will almost certainly start construction within a year and will double output to 100 million gallons by Spring 2008.
But this is thought to be just the beginning of GTLs grand plans. Ethanol has doubled in price over the last two years to $3 a gallon about the
same as the petrol it replaces. Ethanol currently receives a 50 cents a gallon tax break but even if this is trimmed back to 30 cents in 2007, it would still
leave the green fuel additive highly profitable. GTL reckons it can produce ethanol at around $1.10 per gallon as long as corn from which ethanol is extracted stays at around $2.20 a bushel. This would mean GTL making money as long as oil prices remain more than $20 a barrel and highly profitable if it stays at the current $60-$75 range. Profits from its first plant will be around treble analysts forecasts of $8 million to March 2008 if prices remain at current levels, slashing the shares prospective PE to around six on an untaxed basis. Consequently, every man and his dog are scrambling to build ethanol plants. GTL reckons it has the edge being one of the first listed companies, as opposed to farmers cooperatives, in the sector. It is close to buying three new sites in the Illinois wheat belt and production at Rochelle could quadruple to 200 million gallons a year. In total GTL might make a total of 500 million gallons a year or some 7% of estimated total US production of 7.5 billion gallons ethanol by 2012. Other records could be set if GTL persuades its key shareholders to stump up nearly 150 million equity, compared to the current market value of some 80 million. The rest of the 400 million needed to build the plants would be borrowed. The money could be raised late this year either on a groundbreaking deferred-payment basis or through a revenue-sharing agreement.