Here is some info on the technology. From what I understand, the Wilson Creek play (as good as it may be) will probably be sold off down the road and this technology will take over:
GAS TO LIQUIDS TECHNOLOGY
Company
Carbon Resources Limited is a Cyprus corporation which is 75% owned by Automated Transfer Systems Corporation, a Colorado corporation, presently trading on the U.S. OTC Bulletin Board, trading symbol
ATNY. Carbon Resources Limited maintains a sales and engineering office in Houston, Texas; a sales office in London, UK; and a research and development affiliate in Orleans, France.
There is a multitude of stranded natural gas fields throughout the world that cannot be brought to market by way of pipeline, fuel for power generation or as liquified natural gas. However, these stranded natural gas fields can be monetized and therefore brought to market by conversion to synthetic naphtha, jet fuel and diesel (synfuels) by the use of Carbon Resources Limited technology. Carbon Resources Limited synfuels technology is applicable to natural gas reserves as small as 10 MMSCFD and as large as 500 MMSCFD plus. Even gases containing as much as 30% carbon dioxide, can be converted to ultra clean burning synthetic petroleum fuels (naphtha, jet fuel, and diesel) by the gas to liquids synfuels technology. The gas to liquids synfuels technology involves the combination of the novel, patented synthesis gas process of Carbon Resources Limited called SynGen and the Fischer-Tropsch hydrocarbon synthesis process of the N. D. Zelinsky Institute of Organic Chemistry, Academy of Sciences, Russia, under exclusive license to Carbon Resources Limited.
To date the process has been successfully tested in a small reactor in the Orleans laboratories and produced a syngas suitable as feed gas for the Fischer-Tropsch unit. Although not on a commercial scale, the tests were conducted in reactors fabricated from commercial like materials with considerably larger than normal laboratory apparatus. The next step involves the building of a 2 barrel a day test plant which will be completed over the next 4 - 6 months. Following the successful building and testing of the 2 barrel a day test plant, a portable 100 barrel a day demonstration plant will be built. Construction time for the 100 barrel a day demonstration plant is estimated at 1 year.
Marketing of the technology will be directed to third world national oil companies and international exploration and production companies. Dialogue has already begun with the following companies:
Anadarko USA
Apache USA
Premier United Kingdom
Pertamina Indonesia
Egyptian General Petroleum Corp. - Egypt
Nigerian National Petroleum Corp. - Nigeria
Oil & Gas Development Corp. Pakistan
Revenues are projected to be a 50% of a license fee of 10 million USD per license for a 10,000 BBL/DAY project and a running royalty of 5% on the synfuels product. Some 426 such plants, having a nominal capacity of 10,000 BBL/Day (requiring a feed rate of some 100 MMSCFD), could be built throughout the world just to produce todays known stranded natural gas supplies.
Conclusion
Stranded natural gas abounds throughout the world. That so much is currently flared and/or vented is not only a grievous waste but also contributes substantially to the greenhouse effect. The synfuels technology of Carbon Resources Limited is applicable to these gases and can produce synfuels of excellent quality. The process and cost advantages of both the SynGen and Fischer-Tropsch processes of the Carbon Resources synfuels technology ensure that it will be an attractive route for both oil company and host country alike.
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