Went to the Ends of the Earth
OTC: FMNJ – Franklin Mining, Inc. — Stock Guru Profile
Franklin announced its gas to liquid plant in Tierra del Fuego, Argentina, about three weeks ago. Tierra del Fuego is located at the southern most tip of South America. This ambitious project could not have come at a more fortuitous time or LOCATION.
Location is everything in a successful gas to liquid operation.
Gas to liquid is competitive against conventional oil production when the gas has low opportunity value and is not readily transported. This is precisely the situation Franklin has found in Tiera del Fuego. The gas to liquid technology that is being developed and applied to convert natural gas to liquids in gas to liquids technology (GTL) is cost effective. The projects are scalable, allowing design optimization and application to smaller gas deposits.
Franklin Mining is entering this field at its beginning and it is in good company. Technological improvements and investment commitments by the world’s largest oil companies suggest that the gas to liquids industry (GTL) is likely to transform itself from a small, specialized producer to a large-scale fuel producer over the next decade.
As expansion of GTL proceeds, the industry could become a major consumer of natural gas, placing it in direct competition with the growing liquefied natural gas (LNG) industry for access to natural gas supply. If competition leads to limited natural gas supplies, the result is likely to be higher prices for natural gas consumers at the same time the United States looks to world LNG markets to meet increasing domestic demand.
The key influences on GTL competitiveness are the cost of capital, operating costs of the plant, feedstock costs, scale, and ability to achieve high utilization rates in production. These are all being studied by Franklin at this time.
GTL not only adds value, but also is capable of producing products that could be sold or blended into refinery stock as superior products with fewer pollutants, for which there is growing demand.
Reflecting its origins as a gas, gas to liquids processes produce diesel fuel with an energy density comparable to conventional diesel, but with a higher cetane number, permitting a superior performance engine design. Another problem emission associated with diesel fuel is particulate matter, which is composed of unburnt carbon and aromatics, and compounds of sulfur. Fine particulates are associated with respiratory problems, while certain complex aromatics have been found to be carcinogenic. Low sulfur content, leads to significant reductions in particulate matter that is generated during combustion, and the low aromatic content reduces the toxicity of the particulate matter reflecting in a worldwide trend towards the reduction of sulfur and aromatics in fuel.
To Stock Guru, Franklin looks hot and it’s getting hotter, particularly in Tierra del Fuego which means Land of 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
Source: Dublin Research
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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