Premium Energy Corp. (PPTL)

[A44975]

Just read this on another board. If his plan goes through, it should help our little company (somehow).

This was post uesterday on another board!

Have not heard anything from this company, but heard T. Boone Pickens on CNBC this morning talking about replacing Diesel with Natural gas for all Semi trucks. Could only help this company if something like this actually happens. Considering all the money he invested in his plan it actually might.

http://www.cnbc.com/id/29346209

Also on the same other board

information

Now, Santa Fe start-up GeoGas Development Corp. says it can squeeze liquid fuels out of natural gas at a fraction of conventional costs -- a breakthrough that could help producers recover costs from non-productive gas wells.

"I think this is the biggest advance we've seen in 50 or 60 years," says Jeff Pfohl, a business and technology consultant with Global Platinum Group LLC. "The GeoGas technology cuts out all the middle steps that make the conventional conversion process expensive. It converts natural gas directly into diesel and gasoline in just one simple step. Nobody has done that before."

Under current technology, companies must pass natural gas through multiple distillation columns that use a variety of catalysts to convert gas into various hydrocarbon liquids. Afterwards, they must still convert those liquids into diesel fuel or gasoline.

But GeoGas eliminates all those steps, says company founder Gary Elion, a lawyer and entrepreneur who has specialized in energy technologies.

"We've narrowed the technology down to just one stage, and that makes it significantly less expensive than other available technologies," Elion says. "With this process, producers could sell diesel and gasoline at just $1.50 or $1.60 per gallon to distributors