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We continue
to see a ship-based gas-to-liquids Floating Production Ship Offloading vessel
(FPSO) application as an opportunity unique to Syntroleum as we work with Bluewater to
make significant progress in this area.
Our work with Bluewater, combined with our earlier GTL barge feasibility work, presents
two unique options for Syntroleum to provide a marine based GTL solution for stranded
natural gas reserves. Our early financing efforts with potential equity investors
have been very positive with strong preliminary indications of interest.
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