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/

5 million buy just went through that's 15 million on the day large buys!

just bought another 50000, looking to buy more, if i can more money.

may well find some resistance against that falling 50 dma

the buying is because as from next month they go into production @ 50million gallons pa, the money will start rolling in, then up to the 100m gl this stock is CHEAP spoke to my broker gives it a forward pe of 6 for 2007 i am holding 500k @ 2/2.3p and intend to hold
cannot see a downside

no nor can i.up up up.

Nice bit of volume, I see the punters are finally getting the message.

5m sell and the sp goes up.

What makes you think it's a sell it was a protected transaction.

Marcel1970
Could have been a buy looks like it was holding the price back.

I agree

cynic make sure you tell us when you are too tempted and buy in please.

sorry .... don't see why anyone should follow my incompetence, but thought i had posted that i bought this morning at 2.28 ...... 200 dma at current 2.66 may prove a sterner resistance .....

i think that for real upward momentum, that 200 dma level needs to be decisively breached ..... for that reason, i would expect to get it wrong, and predict that it will try and fail at least a couple of times (maybe even 3 or 4) before making that move ..... GOO followed a similar pattern, and then rocketed through this morning

I have bought not many, but that will do.

Tell me someone, was thew sp really 6 ten years ago?

NO! ..... 10 years ago they were about 22p and got up to 92p in 2004 ..... been heading south ever since

until now...

Well, 6 will do me.

But then so will 5p.

who knows,i have got up to 15000 would like more.

sorry 150000.

its going to open 2.60 ther pushing it up and up.

y should it open tomorrow at 2.60? .... or is that just wishful thinking?