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Technology Stocks : OILS - OTCBB: bringing stranded natural gas to market -- Ignore unavailable to you. Want to Upgrade?

To: Nextnet who wrote (97)	4/9/1999 3:07:00 PM
From: Bradpalm1	Respond to of 275

LOL Nextel...you wouldn't know what DD is if it hit you square in the nose. Bring on those details (if you understand them). I'm all ears....

To: Nextnet who wrote (97)	4/9/1999 3:33:00 PM
From: Howard Williams	Read Replies (1) \| Respond to of 275

A discussion of OILS advantages. Carbon Resources Limited Advantages (as written by OILS) 1. There are substantially lower synthesis gas costs because of the low temperature and pressure requirements of the GlidArc reactor. ........We'll have to wait for proof of that at commercial scale 2. The Fischer-Tropsch process employs a proprietary chain limiting catalyst superior to any other currently in use. ........I haven't seen a word from OILS as to what their catalyst is. Maybe "superior to any other CURRENTLY IN USE" is cleverly written because nobody except SASOL has a commercial GTL plant running and they use iron. 3. Substantially lower downstream costs. ........downstream of what? The incoming gas? Or are the OILS products cheaper to handle than other F-T products? It can't mean the latter....... 4. Lower plant complexity and use of readily available industry standard materials resulting in significantly lower construction costs. ........This is important IF the capital expense and operating expense per barrel of product turns out to be lower. 5. Capability to process natural gas with high carbon dioxide content which competing technologies can not do. ........This is another cleverly written phrase. If they said SOME competing technologies, it would be true. If they said ALL competing technologies, it would be false. There are proven competing F-T/GTL technologies that handle high carbon dioxide just fine. 6. Plant construction that is suitable for remote sites in industrialized countries or in third world, host countries. ........No spot on earth is remote enough to be out of the question for the modular, small-stranded-field GTL plants being considered by OILS' competitors if the economics work. If OILS plant simplicity AND cost/barrel are really lower than all others, then OILS plants will find wide acceptance. That will require that the 4-10 bpd plant works as promised and then that scaled-up plants work as well and cost less than 1/10 as much per daily barrel of production as the pilot plant. That's about 2-3 years of work to get the answers that might support going forward with commercial use of OILS technology. The jury is out, and will be out much longer on a lot of this. H.W.