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/

welli hope you guys are right, as i too am a modest holder ...... i wonder if a (very) weak US$ will have any influence on the price of crude just as it tends to do on gold.

i was thinking the very same earlier cynic, surely it reflecta in the real value of oil agaisnt the etc.

Wow a 10% jump, thats good to see! gtl AT 2.4P

I have contacted the company but does anyone know what will be happening to all our odd stocks if the conversion is agreed?
By this I mean if you own 101 (1 new share + 1 old) on conversion or say 154 (1 new share + 54 old). The applied for shares does not allow for additional upgrades for each holder i.e 2 new shares.
I realise this is may be only one share per investor but they do make a difference.

you will only lose 2.40 if you lost 99 shares, so don't panic.

Yes but multiply that 2.40p by 100,000 investors and can I look after it please. The number of shares will be wrong!

have we got 100,000 investers, my be later i hope.

Will it hold/advance or drop back? +0.13p i guestimate.

Based on last sales it should rise the unknown quantity is a problem + Friday with one more hour = 4p. Monday new week a small rise unless whatever occured continues! IMO

chart time again methinks





Nice surge through 50 dma, but watch for the 200 dma where there may be rather more resistance

plant opening soon, news should be out in few days i hope, money money money,

I thought it was opening late december?

lauriesquash,

to answer your question about the left over shares the company stated in their prospectus that if the share price was over 3p or 3 at consolidation date they would pay out a cash fraction to shareholders.

If your shares are held with a broker in Nominee form then you are likely to receive a cash fraction due to the left over shares they will have to convert. For example if they hold 100 clients who have 30 excess shares each, which equals 3000 shares or 30 shares at the lower price = 90 which would be split between the 100 shareholders at 90 pence each.

ghjones2
Thanks!

However, some brokers don't pay out cash for oddlot shares below a certain monetary value, which I think was 5 in the case of TDWaterhouse.

Anyway, I didn't mean to poop the party here.

What I wanted to say was: Driver, thanks very much for your tip last week. Am now researching and comparing with RVA; it looks as if GTL has a lot of potential for a big re-rating as RVA's production is tiny in comparison.

New RNS out purchase was Standard Life.
Leaves the question of who the sale was though.

It wasn't me - I just got in for 40K at 2.45p. Will watch and probably add as I get the opportunity.

Thanks again for the tip, Driver.

soul traders
Cheers ST glad to have you on board.

laurie squash
Doesn't really matter who sold it shows confidence that Standard Life Investments snapped them up as quick as they did, now holding a fair chunk of the company at 8.564%