Oil and Gas Main (fka OGM)

[Golden Cross]

SYNM: CORRECTING and REPLACING Syntroleum to Present Detailed Economics on its GTL Projects and Compelling Opportunities
Thursday June 1, 5:53 pm ET


TULSA, Okla.--(BUSINESS WIRE)--June 1, 2006--The URL for the company's webcast should read: http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=SYNM&script=101 0&item_id=1327342. (sted: http://www.corporateir.net/ireye/ir_site.zht ml?ticker=SYNM&script=1010&item_id=1327342.)
The corrected release reads:

SYNTROLEUM TO PRESENT DETAILED ECONOMICS ON ITS GTL PROJECTS AND COMPELLING OPPORTUNITIES

Syntroleum Corporation (Nasdaq:SYNM - News), a leader in the Fischer-Tropsch (FT) industry, announced that it will hold its second annual analyst day on June 6. Among the topics of discussion are a review of the rapidly advancing commercial opportunities facing the company and the company's analysis of the detailed economics pertaining to its technology and business activities.

Specifically, the discussion will include, but is not limited to:

A review of key commercial developments and priorities.
Detailed economics involving land-based gas-to-liquids (GTL) plants.
Findings from a detailed feasibility study on constructing the world's first GTL/Oil Floating Production Storage and Offloading vessel.
Targeted oil and gas reserves capable of near cash flow production.
A review of Syntroleum's technological advancements.
An update on Syntroleum's coal-to-liquids potential and activities.
This event will highlight Syntroleum's thorough economical analysis involving its business development efforts and more than 20 years of research and development. Through the presentations, Syntroleum will illustrate its upside potential and unique competitive advantage as the company moves toward financial close on a FT plant. This analyst meeting is intended to clearly differentiate Syntroleum from its competitors, including its level and quality of analysis.

The event will be held at the Renaissance Hotel in Tulsa beginning at 8:30 a.m., CDT. The day will include data presentations and tours of Syntroleum's catalyst lab and demonstration plant, where more than 334,000 gallons of ultra-clean products have been produced since 2003. Syntroleum speakers at the event will be Jack Holmes, president and CEO; Ken Agee, chairman and chief research officer; Greg Jenkins, executive vice president of business development and chief financial officer; Gary Roth, executive vice president of engineering and technology; and Ron Stinebaugh, senior vice president of finance and acquisitions.

To attend the event in person, RSVP to Mel Scott at [e-mail]. The event also will be available to the company's shareholders and the general public via a webcast at

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=SYNM&script =1010&item_id=1327342. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)