Franklin Mining an old Stock Guru Favorite!
Gas-to-liquid (GTL) is Franklin Mining’s new focus in the Province of Tierra del Fuego, Argentina.
Franklin Oil & Gas, Argentina, S.A, was formed in December 2006 as the first step toward fulfillment of an agreement for the construction and operation of a 10,000 barrel-per-day GTL processing facility.
Liquid gas is being used to fuel energy-efficient diesel engines. This is a technology that offset the declining production of crude oil. Converting gas into liquids will produce a clean fuel that will address the decline in oil and make a contribution to reducing pollution.
“The drivers contributing to the renewed and growing interest in GTL from a consumer perspective are environmental,” the IEA said in its gas market view of 2006. “The environmental features of GTL products command a price premium.” Natural gas is believed to produce less carbon dioxide when it burns, and is relatively less expensive compared to crude oil. The demand for oil products produced through GTL is expected to rise in the future. Since emissions of carbon dioxide promote global warming and gas to liquid produces less carbon dioxide this will become a favored industrial fuel.
Gas to Liquid has an interesting history. GTL technology transforms the carbon and hydrogen in natural gas to liquids via the Fischer-Tropsch processes developed in Germany in the 1920s. It was also used in apartheid-era South Africa as the isolated country sought alternatives to oil.
Global oil companies such as Royal Dutch Shell PLC (RDSB.LN) and Exxon Mobil Corp. (XOM) have already developed GTL technologies, while Japanese companies have remained less advanced in the area.
Franklin Mining’s long history of experience in Bolivia puts it in the perfect position to capitalize on the growing demand for a cleaner burning fuel and Gas to Liquid is precisely that fuel.
Contact:
Investor Relations
A. Austin & Company
1-702-386-5379
SOURCE: Franklin Mining, Inc.
Jaime Melgarejo Jr., President
Franklin Mining, Inc.
2764 Lake Sahara Drive
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.
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