Company GTL Resources PLC
TIDM GTL
Headline Gains Australian Funding
Released 07:00 9 Oct 2003
Number 6894Q






RNS Number:6894Q
GTL Resources PLC
09 October 2003

Immediate Release: 07.00am 9 October 2003

GTL Resources PLC ("GTL")

GTL gains Australian Government infrastructure funding of A$35.4 million


The Chairman of GTL Resources PLC has today confirmed the company will proceed
to finalise the construction and financing of a 1million tonne p.a. methanol
plant on the Burrup Peninsula in regional Western Australia.


The decision was confirmed following an offer from the Australian Government to
provide support for vital common use infrastructure for the region. The value of
this investment incentive is up to A$35.4million and is subject to final
documentation.


The GTL project value is in excess of A$700million and will create 600 jobs
during construction and 85 once operational.


"Today marks a new beginning for the Australian methanol industry," said
Chairman, Mr Peter Middleton.


"This project is the primary focus for GTL. It is the right size for Australia
and the right size for the international market," said Mr Middleton.


The company has secured a 15-year sales agreement for 100% of the output.


Australia is uniquely placed to develop methanol with strong reserves of natural
gas and proximity to large markets in Asia.


Construction is expected to begin in Q1 2004. Once operational, the GTL project
is expected to be in the top ten exporters from Western Australia.


GTL is grateful for the support of the Federal Agency, Invest Australia, and the
Western Australian Government in the process to date.


GTL will continue to work closely with both the Federal and State Governments in
delivering this project.

For further information:


London:

GTL Resources PLC
Peter Middleton, Chairman +44 (0)20 7493 3393

Buchanan Communications
Tim Thompson / Catherine Miles +44 (0)20 7466 5000


Australia:


Parker & Partners Public Affairs
Melissa Cheesman +61 (0)414 254 717


Notes to Editor:


GTL Resources plc:


The name GTL Resources plc (GTL) reflects the Company's core activity, which is
the application of technologies for the conversion of stranded natural gas into
marketable liquid products. Gas to Liquids...G-T-L.


GTL Resources plc is a publicly listed company on the Alternative Investment
Market of the London Stock Exchange.


GTL is the sponsor of the project and has created two subsidiary companies
registered in Australia, GTL Holdings Australia Pty Limited, from which the
equity portion of financing will be derived and Liquigaz Pty Ltd, the company
which will manage the project.


Gas to liquids and methanol:


Gas to Liquids is a term encompassing a number of processes, whereby gas
previously without a market can be exploited as a liquid thus creating
commercial value. In our case we are talking about converting gas into methanol.


Australia has the necessary requirements to support the development of a Gas to
Liquids industry; large gas resources, easy access to potential markets and a
low level of country risk.


Methanol is a clear, colourless liquid, a basic chemical building block used to
produce formaldehyde, acetic acid and a variety of other chemical
intermediaries. Methanol is also widely used to make MTBE (methyl tertiary butyl
ether) an additive used in cleaner-burning gasoline. It is used in the
production of plastics and as such has the potential to spawn a plastics
industry.


Methanol is produced from natural gas through a process of steam reforming,
synthesis and distillation.


The project:


The aim of the project is to construct a plant just north of Withnell Bay,
Dampier Western Australia capable of converting stranded gas into methanol. The
plant will be capable of producing approximately one million tonnes of methanol
per year for sale within the Asia market, the fastest growing methanol market in
the world.


The key facts on the project are:


Construction of a A$700million plus, 3,000 tonne/day methanol plant at
Dampier on the Burrup Peninsula, WA;
Production and exports of 1million tonnes per annum valued up to
A$350million;
600 jobs during construction and 85 once operational; and an
Off-take agreement in place already for 100% of the product for 15 years.


This information is provided by RNS
The company news service from the London Stock Exchange

My friend says I should invest in this company now & wait 12 months to reap the benefits, what does anyone else think?

err I'm looking a little shorter than that (is\ that you L/SB)? parrot on hand cant type

Goldfinger - thanks mate - as soon as you sold, the price went back up! (Yet another pint from me!)

Moving at last!

Yes lets hope this movement is sustained, any news anyone ?

No Adie, I've already done a reccie, but can't find anything. Just waiting to see whether the bid price will go up another notch or whether the buy price will have to drop a tadge. I've a feeling though that there must be something coming, after all, it's been so dormant (to say the least) and now today's flurry. I receive RNS automatically, so if something turns up will post it here. BEST OF LUCK

Level 2 solid at 3 v 3 (9.25 - 10)

No MM movement in last 30 minutes

Thanks SB - been looking for you an' all!!!

Only snippet I can find is a bit about concerns over domestic gas and increasingly importing gas, but wouldn't think this would account for rises on GTL today and here is not their market. Dunno.

Thank linzi for information, yeah been holding stock for a while and seen price drop, hopefully will recover abit now.

For you Adie - tho this is jsut a mere drop in the ocean, just enough to treat his bit on the side to a decent break ...

RNS Number:7238R
GTL Resources PLC
05 November 2003

DEALINGS BY A SIGNIFICANT SHAREHOLDER



1) Name of Company



GTL RESOURCES PLC



2) Name of shareholder having a major interest



MR. KEVIN J. ALEXANDER



3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest



NOTIFICATION IN RESPECT OF SHAREHOLDER NOTED IN 2 ABOVE



4) Name of the registered holder(s) and, if more than one holder, the number

of shares held by each of them. (If notified)



MR. KEVIN J. ALEXANDER



5) Number of shares disposed of



800,000 ORDINARY SHARES



6) Percentage of issued Class

0.28 %



7) Class of security



ORDINARY 1P SHARES



8) Date(s) of transactions



5 TH NOVEMBER 2003



9) Date company informed



5 TH NOVEMBER 2003



10) Total holding following this notification



MR. ALEXANDER HOLDS 7,950,399 ORDINARY SHARES



11) Total percentage holding of issued class following this notification



2.78%



12) Any additional information



13) Name of contact and telephone number for queries



ROGER HARRIS - 020 7493 3393



14) Name of authorized company official responsible for making this notification



ROGER HARRIS





Date of Notification 5 TH NOVEMBER 2003

Thanks linzi, most helpful, still some way for me to recover my original investment 13p.

Hi AdieH. Are you still holding GTL ? I went in at 8.2p a couple of weeks ago (don't ask me why but I've been advised it'll be worth it !)
However, and it's been on the slide ever since. Just wondered if you or anyone else was holding GTL and what you think will happen to the shares and when.

I don't know how accurate this is but someone said that there should be some news flow druing April ? :(

Just a GUESS as I know nothing about it other than they convert gas to liquid
and they think there will be market for it.Such a new idea is bound to take
time to take off so perhaps it will be a great winner for Long Term Holders.

rgds aj

At Last ! some good-ish news that is having some positive on the share price,(now up nearly a penny today.) Lets hope the share price continues in a northly direction when the markets recover in a day or two ! Say 12-15p for starters ? and higher when the financing arrangements get released :)

skyhigh

I have been watching this stock for ages
What is the good news?
jal

There is no good news. First news since November which everybody was waiting for so everybody gets excited. I've been watching this stock for ages also. Still could not put timescale on when contract would be signed......5 months have passed since November. I would expect the price to slip back if no news is forthcoming over the next month. At the right price jump on because this will go places......sometime this year.

OK, you're all right ! There is no good news ! Price has gone down a 1/4p already today. I believe it will come good in the end so will continue to hold (on back burner!).... :(

Yeah do hold if you can, I think this will be a little gem and not many people know about it......If contracts are signed and more news about a possible middle east project maybe 20p + by the year end.....or do you think I am optimistic. Any buys below 7p is a bargain. I would not be surprised if there is no news for the next 1/2 months and the price will slip back down. If not I'll sell my methane to them!!

are gtl staying low because of rumours of new things happing at the company

this week ? ?

New deal announced today. Construction of a methane plant in Oman. Sp rising (with some strange buying patterns). Have been monitoring this one for a few months now. Was going to top up if it got down as low as 5p. Missed that opportunity!