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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals)

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To: jeffrey rainey who wrote (111)	2/11/1998 7:03:00 AM
From: Ga Bard	Read Replies (2) of 1757

Sorry got excited over CNHH but here some DD I have on MIDL I got today. Feb. 97 ... Arcon obtains patents and proceeds with due diligence Over 200 tests prove in March that the DF-144 process works and is economically sound. March 97 ... Currently banned in a number of states MTBE is under severe pressure as the California Lesgislation voted 7-1 to prohibit the use of MTBE until the State Health Agenies can provide evidence that the use of MTBE is not harmgul. May 97 ... After 4 months of extensive testing of Dynamic Fuels - 144 they are transferring the E.P.A. approval and proveeding on with industry negotiations. Over 200 Lab tests and with ours and industry partners found over 100 seperate uses for DF-144 products to blend ethanol gasoline. July 97 ... Oil Tanking of Hamburg Germany ... Largest private tanking company around the world signed a 25- year lease with a renewal option to extend an additional 25 years. Plans to relocate an Octane Enhancer processing plant at Oil Tanking's 300 acre state of the art facility in Houston. Negotiations underway for plants in Asterdam and Malta in early 1998. DF-144 sample sent to Amsterdam for blend analysis in Mid December June 97 ... Major Car companies make huge announcements regarding ethanol engines. Chrysler to produce40% of all vans in the U.S. capable of running off of ethanol. Ford increases ethanol capable engines available to 250,000 from 5000 a year ago. July 97 ... Ethanol Tax Credits of $0.54 per gallon and 5.4 cents cash off of monthly excise tax extended until 2007 by congressional voteof 69 to 30. September 97 ... Acron targeting Midwest and Northwest in ethanol demand areas. Three ethanol plants built this year, 13 in the planning stages. California announces it wants to convert ot ethanol (oxygenated gasolines). November 97 ... Arcon Chemicals has located the first DF-144 Octane Enhancer at a Eugless Texas refinery to be re-emgineered for larger 350,000 gallon plants for lateSpring of 1998. A total of 11,640,000 gallons of blended gasoline can be producedfrom this additive monthly. PM Fuels, Inc. a Dallas fuel trucking company enters a joint venture alliance to handledirect sales of several million gallons a monthof DF-144 blended gasoline to extensive list of Fortune 500 companies currently contract. Companies include U.S. Postal Service, Coca-cola, Pesi-cola, TCI-cable, & Borden Milk, etc. December 97 ... Two more patents applied for in late December 97 for large plant (350,000 gallons per day) and new processes. Oil tanking sends business development engineers from Amsterdam to Dallas to discuss joint venturewith Cargill for European distribution. January 98 ... Acron news releases tell the rest of the story. Hope this helps. GaBard

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