Counting COES and Planet X*

OK - so I am not really looking for "Planet X". That was just a cheesy marketing bait and switch to get you to read the blog. However, I am looking for COES "Plant X". We have never before had a complete list of the plants that were signed up for the COES systems. From my calculations on the back of my NFL week 2 sports bet, we are only 1.5mmgy (one COES) away from doing that today.

In the paragraph below management has told investors they are "operating and building" 18 million gallons/year of corn oil extraction. They also have an additional 20 million gallons per year "under contract". We are certainly aware of where the 18mmgy is going. The COES are plainly laid out in the 2Q and the ones scheduled to be completed by the the end of 1Q '09 give us the 18mmgy of capacity. So where is the additional 20mmgy capacity? Well it says the 20 mmgy will come from both "expand existing" and "build new" COES. On 22 August Mr. Kreisler explained on this blog (see link below) who was signed up for the Method II extraction. The Ethanol Plants who have signed up for these additional systems should more than double corn oil production at each of their plants.

The Skunk is always interested in GERS minutia and fact checking. I wanted to see how much of the 38mmgy of contracted extraction could now be traced to an individual plants. I have listed and added up the added up the information released and found we have 22.5mmgy Method I and 14mmgy Method II tied to specific Ethanol Plants. That gives us a total of 36.5mmgy - or just 1.5mmgy lass than the published 38mmgy. That is exactly one Method I COES short. So where is this COES Plant "X"? Well the Skunk has been sifting through the 2Q filings for Ethanol Plants for the wording that normally goes along with a GERS contract. No luck on a new one yet - any ideas out there?

Here's an idea from Ethanol Man:

http://www.dakotaethanol.com/lacp.html

See June newsletter on bottom right of site.

Could Plant "X" be Dakota Ethanol, LLC located in Wentworth, SD?

**************

Sources

22 August Skunk Blog: http://greenshift-gers.blogspot.com/2008/08/coes-information.html

Method II Extraction Explanation: http://www.greenshift.com/pdf/Corn_Oil_Extraction_Presentation-100mmgy.pdf
http://greenshift-gers.blogspot.com/2008/06/do-things-change-these-two-pictures-are.html

"We are currently facilities that correspond to 18 million gallons per year of corn oil extraction and 10 million gallons per year of biodiesel production capacity, and we are under contract to later expand existing and build new corn oil extraction facilities to extract more than an additional 20 million gallons per year of corn oil, and to increase our oilseed crush capacity to about 16 million gallons per year." 2Q p.9

COUNT THEM FOR YOURSELF!
Location-Capacity- Current Status-Method II
Oshkosh, 1.5mmgy, Operational, Method II 1.75mmgy
Medina, 1.5mmgy, Operational, Method II 1.75mmgy
Marion, 1.5mmgy Operational, Method II 1.75mmgy

*****
Riga, 1.5mmgy Q4 '08 Commissioning, Method II 1.75mmgy
Lakota, 3.0mmgy Q4 '08 Commissioning, Method II 3.5mmgy
Richardton, 1.5mmgy Q4 '08 Commissioning

*****
Albion, 1.5mmgy Q1 '09 Commissioning
Milton, 1.5mmgy Q1 '09 Commissioning

Fulton, 3.0mmgy Q1 '09 Commissioning, Method II 3.5mmgy
Adams, 1.5mmgy Q1 '09 Commissioning

******

Fergus Falls, 1.5mmgy, Q1 '09 Commissioning

*****

Concordia, 3.0mmgy Pending Financing

Plant "X" 1.5mmgy????

*****

*****

*****

Say What??

" . . . the birth of a new American Energy Company - the start of a Biodiesel Giant."

That is how I closed the introductory paragraph of last week's blog - so let me explain what I am talking about.

The size of the Pie:

"In 2008, the NBB anticipates the domestic biodiesel industry will produce more than 500 million gallons. . ."

Our Piece of the PIE:

As the soy based Biodiesel slows or even shuts down as their feedstock become too costly. As the corn oil extraction industry, led by Greenshift, begins to seriously replace soy as the feedstock of choice. As Greenshift makes strides towards the 200mmgy longer range extraction goals . . .

It is certainly within the realm of possibility that the Greenshift Corporation will produce more than 10% of the nations biodiesel within a few years.

************************

*Serious and not so serious - just for Fun/Cultural History/Planet X Stuff
http://www.coasttocoastam.com/shows/2008/08/18.html

http://en.wikipedia.org/wiki/Planet_X

Infamous Simpsons FBI lineup showing Marvin the Martian (who previously combated Duck Dodgers for Planet X) at just over two feet tall.

EOY FORECAST**

24cents per share (18-30 cent trading range)

**Note: I am a shareholder - I do not work for, nor do I receive any direct or indirect payment from GERS or anyone associated with them. (But it would be Kapitalist Kool if I did) I will not intentionally mislead - but I can be wrong (ask Mrs. Skunk for specific frequencies) - so do your own due diligence - and take responsibility for your own financial decisions – (and your own life in general) good or bad. I have been rightfully accused of being a rather cheery, positive individual who laughs at every opportunity. These tendencies may cause me to overlook deficiencies in this stock that are painfully obvious to others. Celebrate today - and some good garage logic luck to ya.

More to come,

Skunk