HUGE PROSPECT ON D1 OILS

D1 was originally established in 2002 to focus on the development of a portable refinery technology to produce biodiesel for the UK transport industry. During this period, it was concluded that the high cost of rape seed oil, the main feedstock for biodiesel production in Europe, renders its use commercially unattractive. As a result, D1 explored the economics, suitability and yields of a variety of specific energy crops. During 2003, jatropha curcas was identified as its feedstock of choice and the focus turned to securing output from jatropha plantations.

Jatropha was selected as D1's primary energy crop due to it's high productivity, durability and longevity. Jatropha trees can be grown on marginalised land and are durable to the elements. Furthermore, jatropha can grow in areas of minimal rainfall, although it grows better in areas of higher annual rainfall. Jatropha trees produce nuts, which contain oil, for an average of thirty years and generally have their first harvest within two years of planting. Biodiesel refined from jatropha oil complies with EN 14214, the current European standard for biodiesel. Biodiesel meeting EN 14121 specification is an approved blend when mixed with petroleum diesel.

D1 is now commercialising its D1 20 refinery able to produce eight million litres of biodiesel per annum and will utilise jatropha oil as its main feedstock. D1 believes it can maintain low production costs and produce consistent, high volume quality output through sourcing existing feedstock supplies, cultivating new yields of jatropha on existing plantations and setting up D1 20 refineries regionally. D1 is working with highly regarded agronomy and biotechnology research and development facilities in India and South East Asia and is participating in the establishment of nurseries in a variety of locations in the Asia Pacific region. These nurseries will test imported jatropha seeds against indigenous varieties to determine which will grow best under a region's climatic conditions. In addition, D1 has recently acquired the rights to a proprietary growing media which targets the specific nutritional requirements of jatropha.

The global market demand for biodiesel is growing. International energy and environmental policies have helped to create a demand for biodiesel which is estimated to reach at least 10.5 billion litres by 2010 in the European Union alone. Based on current capacity, feedstock availability and positioning in the market, the global production of biodiesel is expected to reach approximately
3 billion litres by 2010, less than one third of the projected demand in the European Union.

D1 Oils aims to become a global, sustainable, low cost producer of biodiesel and supplier of crude vegetable oil used in the production of biodiesel. To reach this objective, D1 will manage its operations regionally, securing plantation rights and establishing refinery operations in each region, thus controlling aspects of the supply chain from seed selection through to the sale of biodiesel to end customers.

To this end, D1 has established four regional operations:
UK (Teesside and London) South Africa (Johannesburg) Asia Pacific (Manila, the Philippines) and India (New Delhi).

Always tricky that one SD. If a share doubles then you can always cash in half and have a free ride with the rest. Then of course if the share continues to rise you kick your self for not staying put. It is funny (or perhaps strange) that somehow it seems more painful to miss out on growth you could have had, than any loss you actually incur.

I have lost count of the number of stocks that have soared after I moved out of them - I think after a while you learn about patience in this game.

rgrds
gk

Fear and greed, fear and greed - that old economic perfume

SD

It is painful to see a stock you have sold move higher. Even if you think it has become fully valued and it really is time to get out, a speculative bubble can still push it up beyond anything you might have imagined. I agree with your method Gallick of selling part of your portfolio. In the case of DOO I have split my profolio into thirds. The first third has already gone and the second two are yet to meet their targets.

Having a little bit of a well performing stock in your portfolio after you have sold a significant stake does take the edge off of the painful regret one can experience when the SP launches in into orbit for no valid reason.

Tallsiii

It's very inteersting to talk of pain which is a totally real emotion, as you say tallsiii. I like your three parts with three targets - one is pot luck and even two still seems too brutal. Three feels good.

Are there any studies done on the psychology of vicarous (i.e. through the actions of others not your self) profit and loss? To what extent do our emotions as opposed to our rational intellect (if you can separate the two totally) determine our profitability all else being equal?

The pain is the other side of falling in love with your holdings - both forbidden in the brave new world we inhabit.

Anyway, missed the selling slot at 505p today - now back to 495. One more lift and then I'm tempted by tallsiii's strategy which will take out my original investment pretty much.

SD

On reflection, I'd better be safe than sorry, so I've taken out a third of my holding at 491.5 - mildly irritating to miss this morning's top, but heartened by the increase in my bank balance. It's been a fantastic run up, so can't complain.

SD

This morning's RNS (below) announcing settlement of the dispute with Steve Davis looks like good news. Hopefully will give a little momentum to the SP from its current retracement below 400p which happily I took as a top-up oppportunity.

SD

RNS Number:6746K
D1 Oils Plc
06 April 2005


D1 Oils in settlement

D1 Oils plc ("D1 Oils") has settled, at no additional cost to the company, a
claim against it of approximately 1 million in respect of a dispute over
payment for services and intellectual property rights with Mr Steve Davis and
his wholly-owned company SIF. Following this successful conclusion, all ties
between D1 Oils and Mr Davis are severed and Mr Davis and SIF have confirmed
that all intellectual property rights remain vested in D1 Oils and its trading
subsidiaries.

Under the terms of the settlement:

* No further payments are to be made by D1 Oils to SIF or to Mr Davis in
respect of their contractual relationships as described in D1 Oils'
prospectus.

* Mr Davis has agreed to sell his entire holding in D1 Oils of 1.385m
shares to the Trustees of the D1 Oils Employee Share Trust for 2.50 per
share, a significant discount to the market price at the close price of 377.5p
per share on 31 March 2005, the last dealing day before the settlement price
was agreed.

* For the purposes of the settlement only, D1 Oils' nominated adviser
and broker, Bell Lawrie White, released Mr Davis from restrictions imposed
upon him at the time of the Company's admission to trading on AIM pursuant to
the provisions of a lock in agreement entered into between Mr Davis and Bell
Lawrie White and others to ensure an orderly market in D1 Oils' shares.

Enquiries:

Philip Wood D1 Oils plc 020 7321 3885
Kevin Byram/James Crampton Brunswick 020 7404 5959

Notes to Editors:

The Trust is a newly established independent employee share trust established
for the benefit of such of the employees and former employees of D1 Oils and any
subsidiary and their spouses, widows and widowers, children and step-children
under the age of eighteen and in such manner as the Trustees may determine from
time to time.

The consideration for the share purchase was loaned to the Trustees by D1 Oils.
D1 Oils has been informed by the Trustees that they intend to repay the loan by
an orderly disposal of shares through the Company's nominated adviser and
broker, Bell Lawrie White.

D1 Oils Plc
14 April 2005


14 April 2005

State Bank of India funds jatropha cultivation

D1 Oils plc ('D1 Oils'), the low cost global producer of biodiesel, today
announced a significant boost to its renewable fuel programme in India as D1
Mohan Bio Oils Limited, ('D1 Mohan'), its 50:50 joint venture, signed a
Memorandum of Understanding ('MOU)') with the State Bank of India ('SBI') to
provide Rupees 1.3 billion (approximately 15 million) to local farmers in
Tamil Nadu to plant up to 40,000 hectares of jatropha. The harvested seeds will
have an anticipated yield of between 100,000 and 120,000 tonnes of crude
jatropha oil per annum (assuming the full 40,000 hectares are planted). The
costs of servicing the loans will be deducted from the price paid by D1 Mohan
for the seeds.

D1 Mohan is a joint venture between D1 Oils and Mohan Breweries & Distilleries
Limited in India. In January this year, D1 Mohan announced it would aim to
plant up to 100,000 hectares of jatropha across India in 2005. The financing
arrangements are a key component of this plan. D1 Oils has the option to export
25% of the crude oil to its international customers, with the bulk of the crude
oil being retained for domestic bio diesel production. The use of bank finance
to provide farmers with the ability to purchase seedlings and planting materials
enables the business in India to expand more rapidly and conserve working
capital.

P Chaudhuri, Chief General Manager of SBI, said, 'Small farmers and landless
labourers will benefit as we shall finance the cultivation. They shall find a
ready market for their produce from D1 Mohan. The loans will be realised from
the sale of the crop.'

M. Nandagopal, Managing Director of D1 Mohan, remarked, 'We believe the creation
of a sustainable, renewable energy programme in India with all of the
associated economic and environmental advantages is important and this agreement
is a very good step in the right direction.'

Philip Wood, CEO of D1 Oils, commented, 'This is a further endorsement of our
jatropha programme. Obtaining external finance for the farmers is an important
step for D1 Mohan towards achieving its objective of a rapid, large scale
implementation of this programme in India.'


Enquiries

Philip Wood D1 Oils plc 020 7321 3885
Kevin Byram/James Crampton Brunswick 020 7404 5959
David Cunningham Bell Lawrie White 0141 314 8105


Notes to editors:

D1 Oils plc is the owner of technical, marketing, logistical and other
intellectual property related to the establishment, development and harvesting
of jatropha plantations, the extraction of oil from the harvested seed and the
production of biodiesel and other valuable by-products from the vegetable oil.


This information is provided by RNS
The company news service from the London Stock Exchange

Good news always seems to lift this share. But i'd really like to see some hard figures, unit costs and revenue/profit forecasts in order to be sure that my holding is justified.

Tallsiii

Me too - tallsiii. But you can't fault them for the stream of RNS's they've issued since flotation which is as good as SEO, especially the way they are expanding via JV's on other people's capital, thus intensifying the return on our shares. Look at the cc settlement and the trial news and the JV news, all within the macro framework of essential socio-economico-ecological progress for the planet - quite a close paralell with SEO - smacks of good management to me.

Without P&L projections it is difficult to have any real idea of the true NPV of the company, but as I am in for free on my original holdings and my recent top up is in profit, I am content to ride the wave for now. I don't even know its year end date. If same as BFC 31st March - in which case prelims out sometime in the next 2 months - that will be the first time any of us will see the numbers and outlook from the directors, since there were none meaningful on flotation, I recall.

When does the first crop of beans mature - that will be the next real excitement IMHO, followed by the proceeds of the first "malt" and the price at which they sell it into the market. Have they mentioned hedged prices - I rather hope they haven't whilst oil price is in upward trend.

On the chart - simplistically - we are trading in a broad range 275p wide on a strong upward channel. We have completed one leg up to 517.50 and bounced down to 349p. Now we are embarking on the next leg up, expecting to hit the top of the channel again at about 750p. So that all looks good. I would set a stop loss following the bottom line of the up channel (joint the low points at 5th/6th Feb and 1st/4th April and extrapolate upwards). Actually this could be a good share to spread bet as it bounces off top and bottom line of the chanel in turn.

Don't worry too much - enjoy the technology, the green-vibes and watch it ride higher - but watch that rising stop loss to avoid pain and disappointment.

SD

Another interesting JV development in the Philipines announced today.

RNS Number:8835L
D1 Oils Plc
05 May 2005



D1 Oils biodiesel land reclamation project launched in The Philippines by
President Arroyo

May 5, 2005

D1 Oils plc ("D1 Oils"), the UK-based global low cost producer of biodiesel,
today announced an agreement between D1 Oils Asia Pacific, Inc., a wholly owned
subsidiary of D1 Oils, and Atlas Consolidated Mining and Development Corporation
("Atlas"), a leading Philippines mining and resource company. D1 Oils Asia
Pacific will collaborate with Atlas on a major project in the Philippines to
rehabilitate land previously degraded by mining through the cultivation of
jatropha, D1 Oils' feedstock of choice in the production of biodiesel.

President of the Philippines, Gloria Macapagal Arroyo, welcomed the mine
rehabilitation project. The President demonstrated the Philippine Government's
commitment to the project by planting the first seedling at the project site in
Toledo, Cebu Province. President Arroyo also supports D1 Oils' plans to
intercrop jatropha on coconut plantations in the Philippines to help meet the
Government's targets for the use of biofuels.

The project will use bioremediation, a means of restoring soil that has suffered
erosion and pollution in the mining process, by using jatropha to help replace
lost nutrients.

Jatropha was chosen not only due to its restorative qualities but also, and more
importantly, because of its advantages as a biofuel feedstock. The first stage
of the project is a five to seven hectare model farm and demonstration facility.
The ultimate objective is to plant jatropha on 7,000 hectares of degraded land
to produce fuel for power generation for off-grid mining facilities.

"We see the mining industry as a key partner for D1 Oils. The need to restore
degraded land around mines provides us with a great opportunity to demonstrate
the potential of jatropha to rehabilitate land while producing a source of green
energy for local communities." said Philip Wood, Chief Executive Officer of D1
Oils.

"Furthermore, the project will provide additional income and employment
opportunities for the rural poor, especially women. The project will serve as a
model for other mining remediation efforts throughout the world."


Enquiries

Philip Wood D1 Oils plc 020 7321 3885
Kevin Byram/Anisha Patel Brunswick 020 7404 5959

Huge drop today...to 250p...looks like there might be bad news on the way.

It is probably just fear spreading from BFC.

BTW - today I emailed Philip Wood at DOO and Sean Sutcliffe at BFC suggesting they consider a merger of their two companies.

I'll let you know the response.

sd

What happened guys, nothing to talk about. The sp went down on the back of BFC, this company is going places, management have been excellent so far and their business plan is pretty hot too, a recent placing of 9.5m shares snatched up by the institutions, the PI's didn't get a look in. I like the fact they're concentrating on China, India etc and accumulating rights to all available land to grow jatropha on so no-one else gets a look in. Everyone else is concentrating on getting into Europe,this is the company to be with!!

Sorry - forgot to post this, as promised - reply from BFC, nothing from DOO yet - perhaps PW's thinking about how many free DOO shares my idea is worth - lol!

Dear Stockdog,

thanks very much for your feedback/ideas

regards

Sean Sutcliffe


Short and polite - just.

stockdog - if anything Doo will buy out Bfc!!! Bfc still in trouble, nothing's changed in the last few weeks, i personally think Bfc management haven't handled it very well!

Barefoot - totally agree. After level pegging for some months since launch, DOO's assured management is leaving BFC's in its wake. The international production of rawstock capitalised by JV's in each territory is a brilliant plan which will leave processors (BFC etc) bidding for rawstock whilst being capital intensive and slow to react to changes in prices of different rawstock.

Yep, DOO is definitely way ahead and w/should be the senior partner in any merger.

sd

Apparently there's a good write up in Shares Mag, this is copied from another board:

Its in the small shares section and written by the head of investment
support at stockbroker Redmayne Bentley, Georgina Mitchell and Neil Perkins
Perkins bought shares in April at 367p and comments "I immediately thought the business concept was a great idea, particularly with high oil prices and dwindling reserves for the oil majors. With limited start-up costs and a
massive potential market, I believe the shares have massive potential upside.

Mitchell says to buy DOO and the recent placing stands it in good stead and D1 Oils is a good story with the increasing demand for biodiesel undeniable. The EU Biofuels Directive drives Western demand, while India and China want less reliance on foreign oil

Interesting decision by the US Senate to increase amount of renewable energy sources.

http://www.moneyam.com/action/news/showArticle?id=832145

Should be good news for biofuels too, although the US is awash with biofuels - peanuts, soya, sugar, so DOO may not directly benefit from US increase, but will certainly do so from this enhanced political pressure worldwide to adopt renewable fuels.

Did you know that the first Diesel engine invented by Mr Diesel in 1898(?) was designed to run on peanut oil and adapted in 1923(?) to run on mineral diesel - how the worm has turned.

Here's an interesting link to the DOO story in a nutshell from Chairman Philip Wood.

http://www.iii.co.uk/go?c=m6dn9h

At $4bn of revenue, what does that make the SO worth in 2010? One to have and to hold from this day forth . . .

sd