GreatPoint Energy has proven its bluegas™ technology and independently verified its cost advantage, validating that hydromethanation is the lowest-cost new incremental source of pipeline-quality natural gas.

			The Company successfully demonstrated the bluegas™ technology at its laboratory test facility and in the Gas Technology Institute’s (“GTI”) pilot plant in Des Plaines, IL, which was leased by GreatPoint Energy until October, 2007.
			The Company performed multiple successful test campaigns on a range of feedstock at the GTI pilot plant, operating for more than 1,200 hours, and definitively validating key metrics, including carbon conversion and methane yield.
			In a rigorous third-party validation, Nexant, a technology and engineering consulting firm majority-owned by Bechtel, concluded that bluegas™ natural gas production costs are substantially lower than current natural gas prices and that the process “is an efficient, low-cost route to domestic natural gas from coal and other low-cost carbon feedstock.”
			Based on current capital and operating costs, GreatPoint Energy’s anticipated cost of production is significantly lower than other alternative natural gas supply options and significantly lower than the current market price of natural gas.
			As part of their rigorous due diligence process, key strategic investors validated both GreatPoint Energy’s technology and model before making substantial investments in the Company.