A couple of years ago I mentioned Oxford Catalyst Group (OCG on AIM) when the price was 60p. Well time has past and the price is much the same but the company has made a lot of progress in the past two years.

Today they issued a news release which is significant as it announces that they have been selected for the Greensky project which will convert biomass to jet fuel. When the project is built it will provide jet fuel for British Airways.

http://www.oxfordcatalysts.com/financial/fa/ocgfa20120703.php

for a bit more on this project see :-

http://www.arcadis-uk.com/Projects/Low_Carbon_fuel_for_BA_planes_from_Londons_waste.aspx

They have an ongoing trial with Petrobras for converting gas to liquids instead of flaring offshore. One of their partners in this trial is the existing provider of FPSOs to Petrobras.

http://www.oxfordcatalysts.com/financial/fa/ocgfa20120323.php

They recently announced that they have been commissioned by Rosneft to provide a small scale gas to liquids reactor. This will be used as a trial for GTL for stranded gas resources. Gazohim Techno will be managing the project and they count TNK-BP, Rosneft and Lukoil as their customers.

http://www.oxfordcatalysts.com/financial/fa/ocgfa20120511.php

Recent presentation for Gazohim :-

http://www.google.co.uk/url?sa=t&rct=j&q=velocys june 2012&source=web&cd=89&ved=0CF4QFjAIOFA&ur
l=http://community.sk.ru/cfs-file.ashx/__key/telligent-evolution-components-attachments%
2F13-208-00-00-00-00-12-94/Gazohim-Presentation-Skolkovo-Eng.pdf&ei=i-vuT5uGJIbx8QOm7ZWxDQ&usg=AFQjCNH_dTvcENNIUcJ_cDcyayWwLxkYDg

They are also working with PTT for stranded gas in Thailand :-

http://www.oxfordcatalysts.com/press/pr/ocgtpr20120412.php

Their first commercial reactor has just started up.

http://www.oxfordcatalysts.com/press/pr/ocgtpr20120523.php

Anyway, I think they are on the verge of big things. The current price is .655 GBP giving a market cap of 59 million GBP or approx $92 million. I think you are getting a lot of potential for that price.