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/

StarFrog
Good to have you on board.

Cynic 0.10p is quite considerable when a share is worth 2p.

Yes it is, but that is the part of the pain/gain of mini-minnows ..... similarly, this type of stock often or even usually has disproportionately high spreads relative to the sp

Venture capitalists eye ethanol

http://www.shns.com/shns/g_index2.cfm?action=detail&pk=VENTURE-FUELS-06-22-06

I'm In.

G D Potts
Welcome aboard you got in lower than I did Im on a loss at the moment but no worries this will take of as soon as production starts.

I managed to get a suprisingly good price as well, 2.489. Lets hope it can get back to 3.5 p.

This is good news as expected but now official.

GTL Resources PLC
28 June 2006


For Immediate Release 28 June 2006

GTL Resources plc

('GTL' or the 'Company')


GTL, the project development company focussed on Ethanol production in the US,
today announced that it has applied for permits to extend the production
capacity of its plant at Rochelle, Illinois, from 50 Million Gallons per annum
to 100 Million Gallons per annum.

The directors expect the permits to be finalised in Q4 2006. The commencement of
subsequent construction to increase capacity at the plant will be announced in
due course.

For further information, please contact:

GTL Resources plc
Peter Middleton, Executive Chairman Tel: 020 7958 1685
Michael Brennan, Finance Director Tel: 01642 794 000

Buchanan Communications Tel: 020 7466 5000
Tim Thompson
Nick Melson

A lot of volume today on the good news.

GTL Resources plc

('GTL' or the 'Company')


Dear Sir / Madam

Gtl Resources Ord GBP 0.01 shares

In terms of Part V1 of the Companies Act 1985 (as amended). I have to inform you
on behalf of Standard Life Investments that on 29/06/06, Standard Life
Investments acquired 2,250,000 shares on behalf of Standard Life Group. This
increased the total held as a material interest to 115,615,420 shares being
5.093% of the issued stock of that class.

Total no. of shares held Registered Name
115,615,420 Vidacos Nominees


End

All very encouraging. Given time this will fly

You are right Troys but remeMber BFC?
Lets hope it doesnt go that way,

New pics of the plant from the Web Site 30/06/2006

http://www.gtlresources.com/ethanol_projects.htm

sorry, but who cares about pretty pix?
I don't think you can really compare BFC and GTL for they even have totally different technology ..... Would just like to see some perkiness in sp, but I dare ay that will happen in due course ...... all gone very sleepy for the last few weeks

cynic
Well I care about pretty pixes It looks like the plant is coming along nicely the sp will shoot up when they are in production.

We would have a problem if we saw this posted on the GTL Web Site don't you think.

ah but there's sweet crude in them thar holes!

Lets hope not.

This is starting to look cheap with the plant being built and hopefully finished by the end of this year producing ethanol, with ethanol at record price levels its time to top up.

I agree Driver, but I think this may drop further before the commissioning of the plant and full production, however I am going to add before then.

I wonder why, if yeild for sugarbeet is twice that of maize, why are they using maize?.
Giggin

giggin
It may be the price or a more technical reason.
You might be right on the sp but it's definitely looking cheap at the moment IMO.