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/

The plant is expected to reach its nameplate capacity in January next year,
it said, adding the group has already filed applications for permits to double
the facility's capacity.

This statement was copied from 2006 RNS so nameplate nameplate capacity will be JAN 2007 i.e this month

just back from canada where there was very little snow - global warming! - The world needs GTL!

But on a realistic note this certainly hasnt been what most of us were expecting, S.P. hasnt budged ! finding it hard to identify what could seriously get GTL moving, when it reaches name plate capacity maybe - but im not that confident.

i think once it is a proven plant, so when they release the figures for the first month of trading, hopefully then some big buys will come in and we will see a decent rise. I bought shares in september at 2.45 and can't understand how it has dropped over 20% since then, as surely the company is in a better position now and must have a greater value. Barclays stockbrokers have a good recommendation for them and a broker at Hargreaves Lansdown has them as a strong buy, not all bad!

i think so too ghj but youve got to ponder on the fact that the s.p. tells the truth, and its not looking good at the moment, just look at RVA! (Although theyre up 10% today still way down over the last few weeks, and i just have to gloat to the shares magazine editor who replied to my letter the other week when i recommended that GTL swap for RVA and CFU swap with Ceres in their Green Portfolio - hehe

Potts
Just back from Scotland no snow there either may be now we are all back the sp might wake up here's hoping.

Surmise price drop related to drop in crude oil prices

You could be right, HP.

IMO the market is waiting for confirmation of production levels, etc. At the latest, this should be set back on an upward trajectory when the financials reveal the production's contribution to the bottom line.

DYOR, etc.

I agree with you both!

I agree with all four that includes myself.

At last some serious money started to buy. Cross your fingers!

14:08 two trade buys one 375,000 & 400,000 = 3.5% of company, shares increase 2.5p only a small increase but hopefully the start of something bigger.

.

Keep those fingers crossed it's working!

Nice to see a bit of blue.

Very large volume today someones woke up.

Good thing.

The mm's must know the interest due on monday but will they have enough shares after the two large purchases?
Roll on monday!
And remember the technical bit keep your fingers crossed it seems to be working.

Holding above above 2, building on Friday's gain: GTL Bid: 205p Offer: 210p Change: 2.5


240K traded, which is about 1% of the co.

Getting better, too:

GTL Bid: 205p Offer: 215p Change: 5

Now we're starting to move, at last. :-)