In this announcement Franklin also announced that William Petty had traveled to Zurich, Switzerland to secure necessary financing.
We know Franklin has a whopper of a cash flow plan with the Pulacayo Tailings project.
We know gas to liquid is the hottest thing in the petroleum industry right now with Royal Dutch Shell Plc’s recent cornerstone ceremony at the site of their Pearl gas to liquid facility in Qatar. We know Franklin’s agreement with Argentina is similar to the agreement Royal Dutch Shell has in Qatar and this facility will be the first of its size in South America.
We know Argentina’s Tierra del Fuego Province has an abundance of natural gas.
According to the U.S. Department of Energy Argentina’s reserves of natural gas have more than doubled over the past 20 years and the DOE notes most experts agree that natural gas, which is significantly less polluting than oil or coal, will fuel a significant portion of Argentine energy demand growth in the future.
We know gas to liquid is a low CO2 emission fuel and is highly prized. We know this is a perfect fit for Argentina and an excellent choice of fuel because Argentina is South America’s third largest energy consumer as well as the continent’s second largest emitter of carbon dioxide.
Franklin Oil & Gas, Argentina, S.A, has an agreement for the construction and operation of a 10,000 barrel-per-day GTL processing facility signed by Hugo Cocarro, Governor of Tierra del Fuego. This agreement is accompanied by a 25 year guarantee of the required natural gas resource issued to Franklin Oil & Gas, Argentina S.A. It was signed on November 16, 2006 by Cristian A. Folgar, Argentina’s National Undersecretary of Fuels.
In summary the U.S. Department of Energy has stated Argentina’s abundance of natural gas will play a huge role in the development of a country and that is where Franklin Mining enters the picture.
Ask yourself what happens when the financing is in place here.
Franklin has THE contract and THE plan. Shell has a gas to liquid operation in Qatar and Franklin has the same contractual relationship with Argentina … with one big difference according to the Department of Energy: this fuel is vital for Argentina’s growth!
Argentina is HIGHLY motivated and so is Franklin!
To Stock Guru, Franklin looks like its on fire!
Contact:
Investor Relations
A. Austin & Company
1-702-386-5379
Jaime Melgarejo Jr., President
Franklin Mining, Inc.
2764 Lake Sahara Driveoli
Suite 111
Las Vegas, NV 89117
Website: http://www.franklinmining.com
Phone: 702-944-8972
Fax: 702-838-5130
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia including a wholly owned subsidiary, Franklin Mining, Bolivia S.A, and 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.’s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
Disclosure: Pentony Enterprises LLC has been compensated a total of five million two hundred sixty five thousand free trading shares from a non-controlling third party for profile coverage. Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. It is the policy of Pentony Enterprises LLC to sell all shares of this and any company featured. Anyone considering any company we feature in consideration for free trading shares should consider this. Pentony Enterprises currently holds one million free trading shares.
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com .