Publication: Business Wire
Publication Date: 16-OCT-06
Delivery: Immediate Online Access
Author:
Company: Oil Price Information Service

Article Excerpt
Petroleum Distributors Now Have Access to Biodiesel Via Houston Terminal

HOUSTON -- With daily posted prices on OPIS (Oil Price Information Service) an Intercontinental Fuels, or IFL, terminal now offers biodiesel 24 hours a day, 7 days a week in an easy to use, convenient wholesale distribution terminal located in North Houston near Bush Intercontinental Airport. Gulf Hydrocarbon, Inc. pioneered the wholesale biodiesel facility in Houston, Texas mainly for petroleum jobbers and distributors in Texas, Louisiana and Oklahoma.

The facility allows bobtail trucks and transport trucks to add 100 percent agri-biodiesel fuel (B100) to...

http://goliath.ecnext.com/coms2/gi_0199-5927966/Gulf-Hydrocarbon-Unveils-New-24.html

Gulf Hydrocarbon Inc. has added B100 pumps to its wholesale distribution terminals in Indiana and Texas, both of which are available 24 hours per day. Wolf Lake Terminal in Hammond, Ind., has been carrying biodiesel since January but added 24-hour, seven-days-a-week B100 access in September. Intercontinental Fuels, located in North Houston near Bush Intercontinental Airport, has 420,000 gallons of storage for biodiesel for petroleum jobbers and distributors in Texas, Louisiana and Oklahoma, among others.

http://biodieselmagazine.com/article.jsp?article_id=1276

Gulf Hydrocarbon Inc. recently began offering dye red biodiesel at its Intercontinental Fuels terminal in Houston, which has 420,000 gallons of dedicated biodiesel storage on-site. The dye is injection-blended at the loading rack. Dying off-road fuel red is an Internal Revenue Service protocol, since off-road fuels aren’t subject to fuel tax. Penalties are issued if on-road vehicles are caught using red dye fuel. Gulf Hydrocarbon began wholesale distribution to regional petroleum jobbers in Houston last fall. It now sells off-road biodiesel to Louisiana and Texas distributors with a farmer-customer base, such as O’Roarke Petroleum Products and Temple Oil Co.

http://biodieselmagazine.com/article.jsp?article_id=1698

Still trying to understand our link with Gulf Hydrocarbon. Are we leasing the terminal from them? (with the option to buy?)

24/7 Biodiesel Terminal Unveiled to Northwest Indiana
Business Wire, Sept 27, 2006

Petroleum Distributors Now Have Access to Biodiesel via Gulf Hydrocarbon's Wolf Lake Terminal near Chicago

HAMMOND, Ill. -- With daily posted prices on OPIS (Oil Price Information Service), a Wolf Lake Terminal now offers biodiesel 24 hours a day, 7 days a week in an easy to use, convenient wholesale distribution pump located just South of Chicago. Gulf Hydrocarbon, Inc. pioneered the wholesale biodiesel facility in Hammond, Indiana mainly for petroleum distributors in the area.
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"High volume biodiesel wholesalers and distributors are coming in at all hours of the night, loading up to avoid traffic," said Jess Hewitt, president of Gulf Hydrocarbon. "Chicago is undergoing a huge construction project that is crippling major freeways, so our automated 24/7 infrastructure will make the difference in making biodiesel profitable for some distributors."

The facility allows tankers, transport trucks, rail cars to add 100 percent agri-biodiesel fuel (B100) to their diesel fuel mix. The terminal, located at 3200 Sheffield Ave., Hammond, IN, has a capacity of 52 MM gallons total storage, 1.2 MM bbls of total storage. At the Wolf Lake terminal, the drivers preset a meter for the requested volume, connect their hoses, and flip a switch to start pumping the B100.

Hewitt said the terminal began carrying biodiesel in January, but just recently went to 24/7 B100 access. "Through the middle of a freezing winter, we pumped hundreds of thousands of gallons of heated biodiesel fuel in Hammond," he said. "Our wholesale customers have reported great success using it; they have increased their orders far beyond their own projections."
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The terminal will also improve availability for large fleet customers. Gulf Hydrocarbon's distribution specialist, Ron Richardson, said the Hammond terminal serves jobbers and distributors in the Chicago area as well as North Central Illinois and Indiana. He said the company is negotiating contracts to supply several local municipalities and transit systems.

The launch of biodiesel at this terminal means retail gas stations will now have easier access to biodiesel blends, opening the door to more public pumps in the area. A map of public pumps can be seen at www.biodiesel.org/buyingbiodiesel.

"Efficient and cost effective distribution is one of the most important elements of any energy industry," said Joe Jobe, CEO of the National Biodiesel Board (NBB). "Increasing the number of facilities like these is important to getting biodiesel into the fuel tanks of Americans and helping to supplement our nation's energy supply."

Gulf Hydrocarbon has also recently launched a second terminal in Houston, TX. Intercontinental Fuels, or IFL, terminal offers biodiesel 24 hours a day, 7 days a week at the wholesale distribution terminal located in North Houston near Bush Intercontinental Airport. The IFL facility allows bobtail trucks and transport trucks to add 100 percent agri-biodiesel fuel (B100) to their diesel fuel mix. The terminal, located at 17617 Aldine-Westfield Rd. has a capacity of 6.7 million gallons of total storage, 420,000 gallons of storage for biodiesel.

NBB estimates that 27 petroleum terminals have invested in equipment to make biodiesel a significant part of their business.

Biodiesel is a renewable diesel fuel that is made from domestic resources such as soybean oil or other domestic fats and vegetable oils. It can be used in any diesel engine with few or no modifications, and can be blended with petroleum diesel at any level. Biodiesel significantly cuts harmful environmental emissions, promotes greater energy independence and boosts our economy. Today, more than 600 major fleets use biodiesel commercially, and 700 retail filling stations make it available to the public.

About Gulf Hydrocarbon, Inc.

Established in 1997, Gulf Hydrocarbon, Inc. is the premier provider of biodiesel to the petroleum industry. Offering competitively-priced biodiesel for large end-users and petroleum companies, Gulf Hydrocarbon also offers marketing strategies to producers that wish to contract for high volume off-take agreements and risk management of biodiesel or biodiesel feedstocks. Specialized services include biodiesel production, blending, plant operation, tolling, plant development and financing. Gulf Hydrocarbon pursues biodiesel project development and financing through its Renewable Fuel Research Associates (RFRA) division. Gulf Hydrocarbon holds an exclusive license to market biodiesel production technology through Petrogas, Inc. (www.petrogas.org). For more information please go to www.GulfHydrocarbon.com

COPYRIGHT 2006 Business Wire
COPYRIGHT 2006 Gale Group

http://findarticles.com/p/articles/mi_m0EIN/is_2006_Sept_27/ai_n16836897

BLTA is a Gold Rush stock

Yahoo has it at 88.18M

http://finance.yahoo.com/q/ks?s=BLTA.OB

Good to see you over here HJH.

It was just interesting wording that I want clarification on. When I get an answer back, I'll post it.

That's one of the questions I have pending to Steve Haag. The wording of that makes it look like Gulf Hydrocarbon "opened" a terminal. I'm sure they just mean they have bio-diesel stored at our terminal for their use.

Great find! That's us. Hmmmmm.

Still waiting for a response. He gave me an initial response that he was still catching up after his business trip. Boardmarks at 50 now!

awaiting some info from Steve. Will post what I find out.

Have a good evening all! It continues to get better and better around here.

Sweet! Another incredibly experienced employee.

I like this:

His primary focus will be on servicing the growing number of commercial and government clientele including energy related companies, major shipyards, the U.S. Navy, and the U.S. Coast Guard.

impressive! I wish our voice software for our remote equipment was this good. Or even half this good.

Nice find!

It was probably just worded that way because Gulf Hydrocarbon stores some of their fuel in our storage tanks. Not that they actually opened the terminal up.

I've read that and that's why I have the question. It states the Gulf Hydrocarbon launched a terminal in Houston. Maybe I reading this wrong but it makes it sound like the two are linked together.

Gulf Hydrocarbon has also recently launched a second terminal in Houston. Intercontinental Fuels, or IFL, terminal offers biodiesel 24 hours a day, 7 days a week at the wholesale distribution terminal located in North Houston near Bush Intercontinental Airport. The IFL facility allows bobtail trucks and transport trucks to add 100 percent agri-biodiesel fuel (B100) to their diesel fuel mix. The terminal, located at 17617 Aldine-Westfield Rd., has a capacity of 6.7 million gallons of total storage, 420,000 gallons of storage for biodiesel.[i/]

I'm waiting for him to return to his office. Didn't feel like bugging him on his cell phone. Which is fine as I'm still getting a feel for some of our puzzle pieces. What do you know about our partner Gulf Hydrocarbon Inc. and how they're using our Houston terminal?

And I know Steve Haag (our IR POC) will be back Thursday afternoon) for anyone who might want to reach him. Looking forward to seeing more of our business plan. Plenty of potential here.

For any newer investors who haven't checked Intercontinental Fuels, LLC. (our fuel terminal and CMMI's subsidiary)

http://www.ifl-usa.com/index.html

nice to see our board buzzing a little tonight. Thanks for the DD all!

a lot of familiar faces around here. Let's hit another one!

couldn't pass it up...

This is from Noble's (our new MM) Research section

A clear and concise focus. Identifying the emerging small or micro cap company. Recognizing the entrepreneurial character and organizational commitment of its executives and employees. Observing unstoppable drive to exploit opportunities while tackling obstacles. Understanding the company's essential products, services and technologies. Following only those who deserve our attention.

http://www.nobleresearch.com/2007%20Website%20Pages/research2

Yep. Been in and out a few times this year. I've always thought this had some potential if they could find some money. Not sure what's up with the volume lately. Rather interesting without any recent news. Hmmmmmm...

my thoughts on this brikk is that the Proteus PR, followed by the Matrix PR has finally begun the process of making the DPDW share price more forward looking. Our sp has always been based on what has already been reported imo. Now I think the investors are just beginning to look ahead to what 2008 revenues may be. What happens to our share price when we start looking ahead 3-6 months? Maybe we get your target price in June instead of Dec!

And from the main page you can click on the ad and get to the secure IRIS page. All the links on there seem to be working fine.

https://www.telnor.com/index.php?option=com_wrapper&Itemid=143

LOL!!! Yeah a nickel. For that idiotic response you get an iggy.

My calculations have never included Mako for this year with only minimal contributions for next year. DR has also not included them in their revenue calculations. This stock has yet to become forward looking yet. We are still stuck on what's going on right now. Once investors wake up and start looking forward 6-12 months then we'll begin to get a real PE and forward looking price. Some of us have seen this for what it was since last winter. A bargain at .20 or less. Not a bad investment so far!

I'd say our system is pretty innovative.

The system was designed to maintain vertical displacement of a subsea payload to within six-tenths of an inch even if the surface deployment vessel, or ship, is experiencing a heave of up to 30 feet.

Just got up to check the board and WOW! I had the same thoughts as you brikk as soon as I read the PR. Incredible news! Are you kidding me? 500K-1M a pop for our amazing new winch system! Everyone was standing around waiting for the Mako PR and then we get this! Gotta love it!!!

Deep Down certainly isn't going to run out of work over the coming years.

Looks like one of our clients will be busy down the street!

Shell Announces Final Investment Decision to Expand Motiva Port Arthur Refinery
21 Sep 2007

Refinery to become largest in the U.S.

Shell Oil Company announced today final investment decision to begin construction on a 325,000 barrel-per-day (b/d) capacity expansion project at its joint venture Motiva’s refinery in Port Arthur, Texas. The expansion project will increase the refinery’s crude oil throughput capacity to 600,000 b/d, making it the largest refinery in the U.S. and one of the largest in the world.

"Shell is committed to meeting the global energy challenge by ensuring our global Downstream business maintains a world-class manufacturing capability," said Rob Routs, Executive Director Downstream Royal Dutch Shell plc. "Shell’s investment in the Motiva Port Arthur Refinery expansion will lead to increased supplies of gasoline, diesel and aviation fuels in the U.S."

The 325,000 b/d expansion at Port Arthur is equivalent to building the first new refinery in the U.S. in more than 30 years. The new production capacity will increase Motiva’s supply of Shell-branded fuels to the company’s wholesale and direct supply markets.

Motiva’s expansion will lower most types of emissions from refinery operations on a per barrel basis by utilizing advanced technology in all new system installations and replacing existing systems. The expansion of the refinery will decrease emissions from present day levels for ozone precursors, specifically nitrogen oxides and volatile organic compounds.

Shell is re-investing a significant part of its profits to meet both short and long-term needs. This includes new technology, new production and environmental and product quality improvements.

Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America's leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. Shell, a leading oil and gas producer in the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas exploration and production technology. Shell Oil Company is an affiliate of the Shell Group, a global group of energy and petrochemical companies, employing approximately 108,000 people and operating in more than 130 countries and territories.

http://www.shell.com/home/content/us-en/news_and_library/press_releases/2007/port_arthur_expansion_0...

imo current sp is not indicative of much forward thinking yet. At some point, maybe when we're north of a dollar (after Mako perhaps), the investors will begin to look at those 2008 rev numbers and start buying accordingly.

Exactly. They don't take into account upside surprises and further acquisitions. That's the nice part.

Here's my latest numbers brikk:

I tend to be conservative on all my projections but I am relying on DR's rev numbers which are higher than I'd use if they weren't available.

Using DR's numbers for 2007 and 2008 (plus Mako for 2008).

Expected revenues 2007: 22.68M (no Mako contribution)
Expected revenues 2008: 47.40M + E8.6M for Mako = 56M
Net profit is 18.4% for the first half of 2007 but increasing so I'll use 19% for 2007 and 20% for 2008.

Current O/S: 70,120,171
By next year at least 2.645M options be available plus possible other deals, et cetera. I'll use 76M O/S for 2008 projections.

End of 2007: 22.68M x .19 = 4,309,200/70,120,11 = .061 EPS
20-1 PE = $1.22 (conservative PE - any Mako contributions)

End of 2008: 56M x .20 = 11,200,000/76,000,000 = .147 EPS
20-1 PE = $2.94...30-1 PE = $4.41 (may be more warranted by then).

Seems like a bright future...lol!

Based on the latest financials LEAT made .009 eps (1,002,488/110,589,002) in the first 6 months. The net margin was around 22%. Revs of 4.5M are ahead of their forecast of 8.1M for 2007 but net margin is running well behind their forecast of 42%.

A conservative valuation based on just doubling the current revs to get 9M for 2007 yields .018 eps which at 20-1 pe would be .36. Now if you believe revs will accelerate in the second half then you need to adjust accordingly. Same goes for the net margin. A rosier forecast would be say 11M in revs with net margin increasing to say 30% for the year (assuming 38% net profit margin for the second half...still below their own forecast). That would make the eps of nearly .03 (.0298) x 20 (pe) for .60. Or whatever pe you think people will be willing to pay.

Of course if they come anywhere near their revenue projection of 57.6M in 2008 then no one will care about this year...lol!

Just my 2 cents worth. I have no pony in this race. GLTA!

Here's the link to the full article in the August issue of Ethanol Producer Magazine.

Very interesting.

http://ethanolproducer.com/article.jsp?article_id=3175&q=&page=all