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/

Happy GMT my little ramper lex, does this mean you are going to follow me around now?

?

why should GTL prove successful?...... they are short of money and producing biofuel very inefficiently from market-sensitive foodstocks etc etc

Can't really see how GTL would be successful from here. I sold out in April at 138, held too long really but took my medicine in the end.

Solar stocks look a much better bet out of green stocks at moment, with pvcs, sit and sola on the watch list. Just have to decide which one is best, and best time to enter.

spitfire ..... read PTH on SOLA

Thanks Cynic, I don't often go short but I will look into sola.

Some very large sells at the end 930k GTL's looking a bit sad

why are you surprised? ..... GTL's process is "wrong" (see my various posts) and Wall Street is shitting itself

cynic
Although Im out I still like GTL they must be producing loads of revenue this share will have its day one day.

rubbish!..... apart from an obvious need to differentiate between revenue (turnover) and profit, the process is very expensive and inefficient, for it can only utilise maize kernels and not the cob, and maize per se is a foodcrop and thus the price is hostage to commodity price fluctuations ...... finally, sacrificing good farm land or destroying rain forests to grow extra maize is very eco-UNfriendly and will be fiercely opposed by many.

Always the cynic time will tell.

in this instance, just stating the obvious ..... next you'll be telling us that NRK is a bargain at 150 or joining forces with maestro in telling us the wonders of EEL - not really sniping at you :-)

cynic
NRK was a bargain at 115 to then sell three days later at 285 I just watched on the sidelines as usual while we are on Banks BARC is now a bargain at 485p so fill your boots cynic and thank me later, and dont forget some SER.

SER is too small for CFDs ..... as for NRK, i have been shorting from 214 with guaranteed stops, so am now fully protected and more ..... as for BARC and any other financial stock, i do not believe that is remotely the right sector to be in

GTL Resources PLC
13 November 2007


FOR IMMEDIATE RELEASE 13 November 2007

GTL Resources PLC
('GTL' or the 'Company)

Interim Results

GTL Resources PLC (AIM: GTL), the project development company focused on ethanol
production in the United States, today announces Interim Results for the six
months to 30 September 2007.

Highlights

First reported profits ; EBITDA $13.0million (profit before tax
$8.5million)

First full 6 months of production (Apr-Sep) exceeds 115% of nameplate
capacity


Financial

EBITDA $13.0million (6 months to 30 Sep'06: $2.4million loss)

Profit before tax of $8.5million (6 months to 30 Sep'06: $ 2.2million
loss)

Turnover of $69.4million includes 29.5 million gallons of ethanol

Only 13m equity needed in expansion (to 100 million gallons pa) funding
package

$140m senior debt arranged to refinance IRE and to finance expansion

$30m junior debt arranged to finance expansion

Ownership of IRE increased to 87.5%


Operational

Production averaging over 115% of nameplate capacity during the period

Yield and energy usage better than nameplate

No lost time or reportable incidents and environmental tests passed to
plan

Over 90% of sales by truck to premium netback Chicago ethanol market

Over 95% of distillers grains exported to premium netback Far East
markets

Ranked most competitive ethanol supplier to Chicago by an industry
consultant


Expansion Project


Expansion construction commenced in August

Expansion project currently on time and on budget

http://moneyam.uk-wire.com/cgi-bin/articles/200711130701225580H.html

the chart says it all ...... though a bounce back to 110 is not out of the question

A small M/Cap for the profit made and the future expanding revenue but cynic I think your right the punters just dont want the ethanol story at the moment.

in defense of GTL, they don't even want DOO which makes biofuel from non-foodstock that can be grown in semi-desert

cynic
Back to the Black Stuff then SER is going up very steady with all the latest news not to late to get on board target 30p+++

not remotely interested in oil minnows ..... every time i have been foolishly tempted, i have done my bollocks - e.g. AMER, GOO, PCI and so on