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plans to plant sugar cane to produce ethanol in the northern Peruvian coastal state of Piura. At first glance, the 20,000 acres of hilly scrub land look best suited for the foxes, lizards and geckos that call it home today. But analysts believe that Peru's northern coast offers among the best conditions in the world for producing sugar cane for ethanol, with hot, dry weather during the day and cool weather at night, year-round. "The most energy-efficient and cost-efficient feedstock in the world (for ethanol) is sugar cane," said Canon. "We've got the best feedstock, we've got the best place in the world to produce that feedstock, and we have strong demand. That's what makes it work." Maple plans to begin leveling the land early next year and start production in the latter half of 2009. Maple would create 1,000 to 1,500 jobs during the construction phase and have 500 to 700 full-time employees in Piura once operational. Cesar Trelles, governor of Piura state, which sold the unused land to Maple, praises the company. "They have vision and want to comply with all of the laws," Trelles said, as he surveyed Maple's land in July. The ethanol project calls not only for preparing the terrain but also building a system to pump water from the nearby Chira River and an ultra-modern drip-irrigation system. The ethanol will be trucked to the coast 10 miles away and then be transported by underwater pipelines to a mooring point where tankers will get the fuel. Perhaps the biggest challenge is having a steady supply of water. Headed for the U.S.? In 2010, Canon hopes to produce 30 million gallons of ethanol, for export to the United States or Europe or perhaps even for Peruvian cars, given a government mandate taking effect that year requiring motor gasoline to include 7.8% ethanol. "We'd like to be one of the biggest ethanol producers in Peru," said Canon. "Our goal is to produce 100 million gallons of ethanol per year." Reaching that goal would require buying new land and investing even more money in Peru. In the meantime, Maple Energy could have its biggest success in Peru if the company finds oil in the jungle north of the jungle city of Ucayali. Maple Energy plans to drill an exploration well 14,700 feet below ground next year. "We have a lot of data that tells us we have a good chance of finding something," Canon said. "If we're successful, that would add a lot of value to the company." Maple Energy first made a name for itself in Peru when it conceived and developed the Aguaytia energy project beginning in 1994, when no one was investing in the country's natural gas industry. Canon, 47, marvels at how Peru became an unexpected opportunity. "I never envisoned I'd be spending this much time in Peru," he said. "But it's worked out well. Peru has presented a lot of opportunities for us. We were pioneers in the gas business. Now we're being pioneers in the eth

LIMA, Peru -- Jack Hanks and his partners were selling most of the oil and gas operations of their Dallas-based company in 1992 when an outside adviser suggested that they look at investing in Peru. It seemed like a crazy idea at the time. The Shining Path guerrillas were still terrorizing the country, Peru had been wracked by hyperinflation only two years earlier and the country's president had just damaged relations with the United States and Europe by dissolving Congress. Hanks and his two partners, Rex Canon and Tony Hines, traveled to Peru and sensed that the country was beginning to right itself. Seeing several interesting opportunities, they decided to bid on an oil refinery, two oil fields and a natural gas field. Today, Maple Energy plc is aiming to more than double its revenue in Peru by building the country's biggest ethanol project, with a $157 million investment. Investors too, seem sold on Peru and Maple's prospects in a country with a stable democracy and a growing, market-friendly economy. Maple Energy (AIM: MPLE) in July completed a $355 million initial public stock offering on the Alternative Investment Market of the London Stock Exchange, and the International Finance Corp., a private-sector arm of the World Bank, has just invested another $10 million in the firm. Meanwhile, company officials are negotiating an additional $83 million loan to finance the ethanol project. Invested in Peru Before embarking into the ethanol business, Maple built a solid oil and gas foundation in Peru. It already owns a minority share of a $273 million integrated natural gas and electric power project, which began operations in 1998 and is known as Aguaytia. The company also fully owns an operation that produces, refines and markets oil and other fuels. It also owns an exploration operation that is drilling for oil in the jungle. Overall, Maple Energy has 400 employees in Peru, 80 in its Lima office and 320 in the field. The Dallas-based company doesn't have any operations outside of Peru. Hanks' Maple Resources Corp. -- Maple Energy's predecessor -- owns an 8% interest in Maple Energy through its Maple Gas subsidiary. Maple Energy's revenue of $78.5 million in 2006 is expected to more than double by 2010, said Canon, a Dallas native who works out of Dallas and Lima as Maple Energy's president and chief executive officer. For the first six months of 2007, the company had $246,000 in net income, or 45 cents per share, down from $3.7 million, or $7.69 per share in the same period a year ago. The 2007 period includes a noncash charge of $2.4 million for amortization. 'A lot of circumstance' "It wasn't a matter of sitting in Dallas and saying that Peru would present a great opportunity," Hanks, a native of Midland, said by telephone from Dallas. "It was not planned. It was a lot of circumstance." Used to keeping a low profile, Maple Energy officials have made a splash this year with plans to plant sugar cane to produ

Brasil is by far the largest sugar cane producer in the world, although the culture is almost universal in Tropical regions, were it benefits from the alternating humid and dry seasons. Although sugar is its most popular product, the cane juice is also used to produce syrup, molasses, rum, firewater (called cachaça in Brasil) and alcohol used as fuel. Among the residues of the sugar cane crushing is the bagasse than can be used as a heat source, powering the mills or producing electricity. A mix of cane yeast and bagasse is also used as feed stock, and another residue, in Brasil called cane wine, can be used as fertilizer. - See more at: http://europe.theoildrum.com/node/2390#sthash.jIutLjqd.dpuf

for sugar cane fuel grade ethanol is 8:1..for corn furl grade ethanol it's barely 1:1..

massive trade from Friday & the momentum continues..

Doubt the connection with ISA's as those shares would have been paid a lot more in the past..it may be just someone who wants out, sour grapes maybe on how things have turned out..we on the other hand, are at the start of a new venture in state of the art facilities, with new strategic partners..with big pockets..

didn't realise, saved me a fone call..

on their trades with MPLE?

the senior lenders will be happy as the debt is re-structured..they have voted for the increase in share capital as per the doc. below which was convened at the shareholder meeting on the 29th of September.. https://www.dropbox.com/s/wfchbju3046ugyz/Screenshot_2014-09-29-20-02-30.png?dl=0

if it's a green light happy days & we are cleared for take-off..if it's not agreed then back to the drawing board & turn engines off..we are told they rejected a cash offer of 18p before this deal & it dropped to 1.5p..me being brave got 100k @ 2p..schweeeeet

there will be a background seller, I mentioned yesterday that not everyone will be keen to stay..it's just like us PI's when we change our minds, we sell..

exactly, I see this as one for the ISA or SIPP, good one to build a nice position with little outlay. When it hits the teens coupled with decent volatility, cash in the bank & strong management who believe in the project..fill your boots time on the dips now, whilst it's still cheap..

by the looks of things..

Hi, the shares issued to G&M and Alcogroup SA will not hit the market. G&M and Alcogroup SA are the senior partners of MCL & will have a vested interest in the ethanol business..this ain't no Darwin sell off or massive placing it is investment..think of it like this! £10,000,000 profit divided by 700,000,000 shares = 1.5p dividend down the line thats anice yeild when you pay 6 or 7p a share.. Or sell when 30p arrives & make profit..

a problem as the 2 strategic investors will be in charge of MPLE & have a vested interest in the ethanol plant becoming a success, this is not a placing where the market gets flooded with shares..they are partners & will look to maximize profits to fund the oil & gas side of the business that they will pay $31m for.. This is a rescue package at bargain basement prices, Malik & Meeus have been buying shares for sometime at well over 30p average.. Graña y Montero Petrolera S.A. ("GMP"), a subsidiary of Graña y Montero S.A.A. ("G&M"), will pay US$31,000,000 to acquire the entire issued share capital of Maple Gas Corporation del Peru S.R.L., which is a wholly-owned subsidiary of MCL dedicated to the hydrocarbon production, refining and marketing operations. The proceeds from this sale and from the planned equity injection will be paid to MCL which will transfer these funds to the ethanol business operating subsidiaries; and · following the Proposed Transaction Maple would retain a 24.1% interest in MCL, which will own 100% of the ethanol business as its sole interest. G&M and Alcogroup SA will retain an interest of 30.4% and 43.5% in MCL respectively.

coming here, good share to stake build in as the free float will be tiny with the new share issue..24.1% of a venture like this is better than 100% of administration..expect volatility in the coming weeks as people decide what to do, if this finds a nice trading range, we will be quids in..

As a long term venture it looks good, ethanol production using sugar cane is a renewable & sustainable energy source..the whole operation 2 years ago cost $280m to set up, how much would it cost now? Theonly downside is if they keep having droughts & bad harvests..everything is ready to plug & play operations wise & it generates a lot of cash..shareholder value has been destroyed & that's where the value is, I don't see this share reaching the dizzy heights of £3 anytime soon but it won't be under 10p again once this deal goes through..Meeus is an expert in ethanol research & is his area of expertise, Malik is a financier from Belgium hence ALCO's involvement..the ii's from MPLE early days will take a hit as their avg's will be well over a £1..these prices are cheap for investment into a unique product, that will be in more demand in the future as the advent of peak oil kicks in & the use ethanol as a mixture feed to dilute gasoline & petroleum products across the world..

will be shares issued to the strategic investors for their stake in MPLE, new holdings of 75.9% split like this 'G&M and Alcogroup SA will retain an interest of 30.4% and 43.5% in MCL respectively' So MPLE owns 24.1% of MCL in the new deal..MCL is the Company that owns 100% of the ethanol business & its subsidaries..the land, the ethanol plant, the biocombustibles plant, the twin pumpstations & the 37MW power station including the 36KM of elec trical transmission line to the Peruvian grid & all associated port facilities, plant & vehicles..

& how it is restructured to be paid back..circa $190m..the 2 strategic investors won't be here for this project to fail, they are strong partners in this venture & my money is on them succeeding..

https://www.dropbox.com/s/wfchbju3046ugyz/Screenshot_2014-09-29-20-02-30.png?dl=0