Franklin Mining, Inc. (FMNJ)

[q8investor]

To "the cork" and all....

FYI

Kuwaiti Investor Buys 15% Stake in Synfuels International; GTL Plant Coming Soon
Aref Energy Holding (51% owned by Kuwait government investment arm) just took a 15% stake in Dallas-based Synfuels International, Synfuels announced February 5.
Aref is a listed company in the Kuwait stock market with capital of $300 million. It’s a subsidiary of Aref Investment Group, with capital of $3 billion, Synfuels said.
The 15% stake means a $28.5 million cash infusion into Synfuels. The deal also includes an option to acquire another 10% of Synfuels stock, plus exclusive rights to market the Synfuels technology in the Middle East, as Synfuels president Thomas Rolfe told Gasification News in an interview.
According to Synfuels, “the deal includes plans to build the first commercial gas-to-liquids [GTL] plant based on the new technology, which converts natural gas to liquid petroleum products such as clean burning, affordable high-octane gasoline or other valuable and useful hydrocarbon products.”