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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tulvio Durand who wrote (9602)	1/25/1998 7:36:00 AM
From: jackie	Respond to of 95453

Response to query on "white crude": Thanks to all for that response. Tulvio, Rob Hinton, Durand, Teddy, and Debra Vogt, thank you. I was hoping for one or two responses over the next week or so and there were five regarding Syntroleum. Based on my reading so far: Syntroleum has a technology that may, and I emphasize, may succeed in converting natural gas into a hydrocarbon liquid at a price competitive with crude oil. It has been possible to convert natural gas into liquid for decades, but it is expensive relative to just drilling for crude. This technology has not been tested on a large scale. However, it will be tested within the next two years. A quote from the WSJ sums it up: "The Syntroleum Process (registered trademark) has not been tested in a plant designed to produce commercially viable quantities and such testing cannot occur until a plant has been developed and constructed, which could take up to two years from the commencement of construction." Syntroleum is privately held and the only way to participate as an investor is via SLHO, a venture capital outfit which currently owns roughly 32% of Syntroleum. Syntroleum is playing it as a small, capital starved venture should, via licensing. Don't try to defend your rights in court and end up losing, license it to some big boys and let them defend their rights (and yours) with their corporate lawyers. If this thing works, it'll be a winner. It will also have a huge impact on the oil industry, including drilling companies. However, such an impact is literally years away, but anyone investing in this industry will want to keep an eye on this technology. As there is a thread dedicated to SLHO, I won't take up anymore of your time here. Thanks again for the information made available. Regards, Jack Simmons