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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: Howard Williams who wrote (4805)	5/7/1998 7:27:00 PM
From: John M	Read Replies (1) \| Respond to of 14347

Howard, Correction - Brian_B posted op cost data mentioned not Cougar. Please review Doop. SASOL has three large projects on the board where they are a partner Phillips Quatar, Chevron Nigeria and Statoil North Sea. All of these plants are 20,000 bpd or greater. SASOL is definately a player and is the only company out of all Shell, Exxon, SLHO and RNTK who have actually run commecially successful plants (Shell's blew up). SASOL has a 2500 bpd commercial plant in operation on natural gas since 1993. It is new technology, not old, and they are actively seeking applications for it worldwide (see their web page www.sasol.com ). There $30,000/bpd capital for a plant is the benchmark for all other players. So far no one has built one for less. Syntroleum thinks they can but haven't built anything. RNTK, I believe, is going to do very well with refinery bottoms. The market is big enough with Texaco alone to make this stock soar (Texaco has over 60 gasifiers throughout the world!!). The India plants appear to be a great little niche for RNTK because of wax sales at $160/bbl. I don't think they are going to get a very good royalty from the initial plant though (heard only $100,000/yr). Someone please correct me here if they heard something different. I am back into RNTK because the bottoms will make them very successful- particularly in cahoots with Texaco the leader in gasification technology. IMO things look very good for RNTK. Will I pick a date for the contract signing - no. Let them finish their negotiations geez. JCM