Tierra del Fuego – Franklin – Gas to Liquid
OTC: FMNJ – Franklin Mining, Inc. — Stock Guru Profile
Franklin has announced financing and that can be put to immediate and very good use. Let’s look at the gas to liquid project in Tierra del Fuego. It makes perfect sense and there is every reason to believe this would be a project worthy of financing.
Logical, logical, logical. You’ve got a country in desperate need of diesel fuel. The farmers cannot plant crops because of its shortage. You’ve got a country with a totally isolated section of the country along the southernmost tip of South America, Tierra del Fuego, rich in natural gas. You’ve got new technology that turns natural gas to liquid including diesel fuel. What do you do?
Answer: Build a gas to liquid plant in the Tierra del Fuego and create diesel fuel.
Since Argentina suffers from a critical short supply of diesel fuel and there is an abundance of natural gas located in the isolated Tierra del Fuego, placing a gas to liquid plant in this gas rich location to create diesel fuel for a country which desperately needs diesel fuel creates a win/win situation for Franklin and Argentina.
Tierra del Fuego has recently experienced a strong upswing in drilling activity. Currently companies participating in exploration and drilling in Tierra del Fuego are the Tulsa Exploration Company, Apco, which has reported better than expect results. Antrim Energy has drilled sixteen wells, subsequently Antrim along with its partners signed a two year rig contract for drilling on the Tierra del Fuego licenses in Argentina. Apache Corporation, a Houston Company, has four-plus years of operating experience in the country and is involved in the prospective exploration plays in the Tierra del Fuego area to the south.
Argentina suffers from a critical short supply of diesel fuel and an abundance of natural gas in the isolated Tierra del Fuego. Placing a gas to liquid plant in this gas rich location to create diesel fuel for a country which desperately needs diesel fuel creates a win/win situation for Franklin and Argentina.
Argentina is one of South America’s largest and most important economies. Argentina’s oil and gas industry is considered one of the most competitive and efficient in the world. Argentina is the largest natural gas producer in all of Central and South America; the country is second only to Mexico in natural gas consumption. Argentine natural gas production has been on a steady incline and surpassed Mexico in 2000. With 21 trillion cubic feet of proven natural gas reserves, Argentina has a significant presence in the Latin American energy market.
A look at the map of Tierra del Fuego indicates that the obvious best use of gas in this area located at the southern most tip of South America would clearly be gas to liquid which would eliminate extensive gas pipelines. (Link here for map.) This Rigzone map indicates in green the gas fields of Tierra del Fuego. Reviewing the ticker news below the map indicates exploration companies are finding more oil than expected and the quality of the companies drilling is high.
The area known as Tierra del Fuego expands across two countries, both Chile and Argentina. Chile has also had excellent results in drilling in this area. State-owned energy group Enap told Platts that recent gas-drilling tests in Lago Mercedes in southern Chile’s Tierra del Fuego were so promising that they could mean gas self-sufficiency and an end to the uncertainty of gas imports from Argentina. The company has already invested almost $20 million in finding gas and aims to invest $40 million in 2007 on developing the island’s gas potential.
Now, ask yourself, what if, what if Franklin gets the financing for this most logical of projects. What will this stock be worth then and can you afford to wait?
To Stock Guru Franklin looks hot and it’s getting hotter and Tierra del Fuego, the Land of Fire, is rich with gas to supply the GTL operation.
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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