17 Oct 2013 07:00
17th October 2013
Velocys plc
("Velocys" or "the Company")
(Formerly known as Oxford Catalysts Group PLC)
Oil Council North America Assembly
Velocys (VLS.L), the smaller scale gas-to-liquids (GTL) technology innovator, is pleased to announce that Roy Lipski, CEO, will be joining other industry leaders in providing insight on key strategic energy-related topics at the prestigious Oil Council North America Assembly in Houston, Texas next week.
Roy Lipski's presentation is scheduled for Tuesday 22nd October at 3.30pm CST.
As the development of shale plays in North America continues, driving the price of natural gas to $4/mmbtu and below, much attention is being focused on the implications of the low gas price in comparison to other energy commodities. At the OilCouncil panel discussion "Natural gas, LNG, GTL: North America's opportunity", Roy Lipski will highlight how smaller scale GTL is uniquely placed to capture these price spreads and realise high value from shale gas and other gas resources. Alongside him on the panel will be senior representatives from other companies such as Sasol.
Roy Lipski, CEO of Velocys, said:
"Multi-billion dollar conventional GTL projects are an option for only a handful of large players at only a few locations. Smaller scale GTL, based on the use of Velocys technology, opens up the market to the majority of energy companies. We see worldwide opportunities for smaller scale GTL; whilst in North America, it is an especially good fit for the challenge of monetising remote or low-value gas resources of 10 million scf/day or more, from either conventional fields, shale or associated gas."
A copy of Roy Lipski's presentation can be downloaded from the Velocys web site from Monday 21st October.
- Ends -
For further information, please contact:
Velocys Roy Lipski, CEO Susan Robertson, CFO
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+1 713 275 5840 +44 1235 841 700
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Numis Securities (Nomad and Broker) Alex Ham - Corporate Broking Stuart Skinner / Jamie Lillywhite - Nominated Advisor
| +44 20 7260 1000 |
Lionsgate Communications Jonathan Charles / Jessica Johnson
| +44 20 3697 1209
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Notes to editors
About Velocys
Velocys (formerly Oxford Catalysts) enables modular gas-to-liquids (GTL) plants to convert unconventional, remote and problem gas into valuable liquid fuels. Systems based on the Company's technology are significantly smaller than those using conventional technology, enabling modular plants that can be deployed cost effectively in remote locations and on smaller fields than is possible with competing systems. Together with world-class partners, Velocys provides complete modular GTL solutions that address an untapped market of up to 25 million barrels of fuel a day.
Velocys plc is listed on the AIM market of the London Stock Exchange (LSE: VLS). The Company has approximately 100 employees with facilities in Houston, Texas, USA and near Oxford, UK and Columbus, Ohio, USA.
www.velocys.com
About Oil Council North America Assembly
The Oil Council's North America Assembly is a leading international conference and networking forum for senior oil and gas executives, and the finance and investment communities. It brings together thought leaders from the US and Canadian energy industries, international investors and financiers to discuss industry-critical issues. The event is being held at The Four Seasons Hotel, Houston, Texas on 22-23 October 2013.
www.oilcouncil.com/event/northam