SynStream Energy Corp. provided an update and summary of project activities on the partners' Alberta gas-to-liquids project. The highlights of technology are the Project will incorporate Expander's patented Enhanced GTLTM technology for the use of NGLs and recycle of naphtha products to syngas generation. Expander selected Greyrock Energy's Direct Fuel ProductionTM gas-to-liquids technology featuring Greyrock's GreyCatTM catalyst. Natural Gas and Natural Gas Liquids Feedstock Supply Agreement includes Manitok Energy Inc., an Alberta based oil and gas producer, has entered into a multi-year agreement to provide feedstock to the Project. Under the terms of the agreement, Manitok will provide a non-dedicated, supply of 3.7 to 5.0 mmscf/day or BTU equivalent of natural gas and natural gas liquids to the Project. The specific commercial terms of the supply agreement will be outlined in the ‘Definitive Agreements’ between the companies. Offtake Agreement includes, IES Energy Inc. entered into a Purchase and Sales Agreement with SynStream and Expander for the purchase of SynDiesel® produced at Carseland GTL plant. Under terms of the Offtake Agreement, SynStream and Expander have the ability to sell up to all synthetic diesel production volumes from its Enhanced GTL® SynDiesel® plant to IES. The initial term of the PSA is for 5 years and can be renewed, on a rolling basis, for subsequent 2 year terms. Permitting includes, SynStream and Expander are currently evaluating a potential site adjacent to Manitok's Carseland gas plant on which to build and operate the GTL plant. Preliminary environmental and geotechnical work has commenced. Alberta Energy Regulator application is being prepared and will be submitted for Project approval. Engineering and Major Equipment Evaluation includes, Expander has commenced final engineering of the Project, which is expected to provide SynStream and Expander with the detail necessary to make the Final Investment Decision by February 2017. Sterling Greyrock Partners, LLC. of Dallas, Texas, has financed and fabricated the major equipment for the Project. Expander is a 27% limited partner investor in SGP. Expander is currently evaluating the major equipment and will be applying for Canadian and Alberta certification to permit the transporting and installation the SGP equipment at the Project site. As previously announced, SynStream and Expander entered into a Memorandum of Understanding with SGP for the installation of the major equipment at the Project site. The specific commercial terms between the parties will be outlined in a Definitive Agreement to be finalized on or before the FID date. The Carseland GTL plant is designed to convert natural gas and natural gas liquids into premium zero sulphur, high cetane, ultra-low aromatics paraffinic diesel fuel. Paraffinic diesel fuel was approved on June 19, 2016 for use in Europe and has received the EN15940 designation from the European Committee for Standardization. SynDiesel ® is a ‘drop-in’ fuel designed to meet the ASTM D975 standard for Ultra Low Sulphur Diesel, therefore it can be blended with petroleum-based diesel to improve overall performance of the petro-diesel, or used unblended in any diesel engine and can be transported and dispensed utilizing existing infrastructure. As previously announced, SynStream and Expander have applied for royalty credits under Alberta's Petrochemical Diversification Program. Alberta established this program to encourage investment into ‘Value Added’ facilities in the Province. The Project is uniquely positioned under the scope of the ‘PDP’ using Expander EGTLTM enhancements. The gas-to-liquids plant is designed to process methane, propane, and other NGLs into synthetic diesel fuel and the Project is shovel ready.