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/

should add that this must be a sweet and sour sp?
i like sweet and sour though.

sp is ticking over nicely while the plant is being built, topped up today.

Some big buyers out today. Or some one accumulating.

The plant is coming along very nicely all on time for a Q4 start up I have been topping through out the year, after start up I dont think we will be seeing these prices.

During July 2006

* Delivery of major equipment; boiler, beer column, CO2 scrubber
* Installed CO2 scrubber next to Beerwell
* Completed the NW Fermentation Tank & Commenced erection of the NE Fermentation Tank
* Completed pour of Grain Silo roof
* Continued Process Building equipment and pipe installation
* Continued masonry wall construction in the Process Bldg. & Energy Center
* Completed the Cooling Tower pipe rack erection
* Continued Cooling Tower supply and return piping installation
* Delivered and set the boiler in the Energy Center
* Continued site water and fire water installation
* Commenced permanent site power installation
* Installed structural steel, siding and roofing for the Maintenance Building
* Moved into the new Administration Building
* Commenced formwork and pouring for the Receiving Building foundation
* Installed the Tank Farm liner and stone
* Poured Tank Farm foundations and commenced erecting tanks

As of August 2006 the overall work continues to progress on time and
on budget. The project is on course for a quarter four 2006 start up.

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

DRIVER
thanks for your posting and best of luck. very soon GTL will be shining like the sun in the middle of the day and all the sun lovers rushing to GTL.
I will be happy to sell them 20% of my holding at 10p a share. i like expensive buyers. will be buying more at 2.40p

when can we expect a reaction in the share price?

Gp
IMO when they announce the start of production of the ethanol at Q4, 50 million gallons per annum to start with and then a further boost in the sp when they increase that to 100 million gallons per annum.

Results For the Year Ended 31 March 2006

Commenting on the results Peter Middleton, Chairman, said:

'The construction of our Ethanol plant at Rochelle continues our strategy to
develop renewable fuel projects and we anticipate production commencing in
December 2006. The key personnel for Rochelle are in place and we look forward
to delivering revenues throughout 2007.

We thank all our shareholders for their support over the last year.'

Highlights

Construction of IRE ethanol plant at Rochelle, Illinois commenced in
September 2005
First production from Rochelle anticipated December 2006
Significant support for Ethanol announced by US government during year
Loss before taxation US$ 12.5m (2005: Loss US$12.7m)
Loss per share US$ 0.008 (2005: Loss US$ 0.038)

This plant will be the first of many

We said that we would develop further opportunities. We have applied for permits
to double our capacity at IRE. In addition, we are in discussions over a number
of other US sites which, like IRE, will reinforce our position as a low cost
producer of ethanol.

http://moneyam.uk-wire.com/cgi-bin/articles/200608300700382117I.html

DRIVER
Many thank, i like what i read.
- This plant will be the first of many
- low cost ethanol producer
- double production at IRE
- First production in December 2006
- And more, more, more.......
Well if they carry on like this they will surely drive the sp to high places IMO
i better buy more before the big celebration
best luck

Small caps roundup

GTL Resources said in the year to March it reported a loss of $3.9m, which was lower than anticipated, as a result of reduced costs and a higher level of interest receivable.

Not bad considering there are building a plant.

here we go

gdp

I hope so !

a rally looks on in the share price as the plant advances -

upped my holding at 2.88p, high price but 5p is looking on.

G D Potts
Also topped up today at that price looks like we are heading back above the 3p soon.

RHPS tipped on 4/9/06

GTL Resources sits in the oil & gas sector. But it's making its mark by looking beyond fossil fuels, and turning corn and other agricultural crops into ethanol.

Ethanol is a serious alternative source of energy. Already, more than 40% of Brazil's cars run on it, rather than petrol or diesel.

Last week its shares ticked up to 2.7p from 2.4p after it said that it expects to commence production from its ethanol plant in Illinois, USA, in December.

"Ethanol is now an important part of the [American] government's aim to reduce the 60 per cent of oil it imports," the company reported. "It has the compelling attraction of reducing the budget deficit and supporting American farmers in a green and sustainable way. Ethanol used to be a side-show. It has now moved centre stage."

GTL is looking cheap again the company has said the plant will be up and running by the end of this year producing 50m gallons of ethanol increasing that to 100m shortly after, I feel a top up coming again.

Driver, thanks for that.

smiler
Im starting to look at what to sell to get more of these IMO the sp will double once production starts.

driver

me to, i am waiting to sell my oxs got in @ 22 on them hoping they would go back to 40 ish, dont laugh but i do have some ERX !!