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).

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

I particularly liked these two comments in yesterday';s artiucle.

"Jatropha will cost $200 per tonne less to cultivate than rapeseed oil, the main biodiesel feedstock in Europe, says Mr Wood because it grows on marginal land in the tropics and remains productive for thirty years." - and cheaper than palm oil too, I guess.

"Mr Wood says tax breaks and environmental laws mandating the blending of biodiesel and diesel in Europe will drive an export market enabling D1 to supply UK refiners like Biofuels Corporation or Greenergy." - always said DOO should supply BFC as a perfect partnership. Still no sign of wedding bells though!

Both shares have seen some nice action over the last few days/weeks. I still hold both equally, both as hedge against disaster on either and out of interest ton see how they compare and contrast, but my money is still on DOO to outperform BFC long-term, since it is raw materials that I believe will rule the day, rather than processing plant.

sd

hi, anyone have any news cannot see why sp dropping like a stone

From last Thursday 15 Dec:

LONDON (SHARECAST) - Biofuels Corporation slipped back today after biodiesel producer D1 Oils said it has pulled out of discussions with the group as it was unable to value clearly the underlying assets of the business.

The move comes after D1 admitted earlier this month that it had made a preliminary approach to Biofuels regarding a potential merger.

Biofuels, which is building the UK's largest biodiesel plant on Teesside, said it is not in talks with any other third party.

D1 said it reserves the right to make or participate in an offer within the next six months with the agreement or recommendation of the board of Biofuels.

It may also bid if there is an announcement of an offer for Biofuels by a third party, there is an announcement by Biofuels of a 'whitewash' proposal or of a reverse takeover.

There are two excellent free resources below, for those who want to get a feel for the ULSD price.

Go to http://www.nymexeurope.co.uk/
Choose Markets -> NWE Gasoil ; Agree to the disclaimer;
You can then choose current session overview [Delayed 2 hours last time I checked] or previous session overview.

On checking, it is $501/t for Jan06 delivery, down almost $14/t, explaining the averse share price movements of both BFC and DOO.

The other method of checking, where you will get more historic ULSD data is the public oil market report of the International Energy Agency.
Go to http://omrpublic.iea.org/. Choose prices then Physical Product Prices by Refining Centre -> Northwest Europe.
This will give a pdf of price graph in $/bl for low-sulphur Diesel delivered to NW Europe. Unfortunately they are only updated monthly by the IEA. To get the figures from the most recent report, go back to the homepage and download the 'Prices' section of the most recent report.
To convert $/bl to $/t simply multiply by 7.5x

The last data here, end of October is $72.02/bl for low-sulfur diesel which equates to $540/t

Hope this helps those of you trying to form a view,

DOO is slipping fast to 157p today

The Times January 06, 2006

D1 Oils

SHARES in D1 Oils, which is targeting the fledgeling biodiesel market, received a boost yesterday from an erroneous report from India that it was planning to invest 25 billion rupees (318 million) over the next five years to fast track its ambitions.

In truth, the scale of D1 Oilss investment is likely to be no more than 10 million, but the report boosted the companys shares 4p to 168p.

Last year was tough for the company, despite the potential for biodiesels at a time of increased pressure to reduce carbon emissions. The EU Biofuels Directive demands that biofuels should account for at least 5.75 per cent of fuel used in member states by 2010.

D1 Oils strategy is based on planting hectares of jatropha, a shrub whose nut contains oil. But plantings have been delayed. The company raised 25.8 million at 265p last June, a substantial discount to its share price at the time, highlighting how far D1 Oils rating has fallen since.

The biofuel revolution will not succeed overnight. The brave, however, will want to start converting to D1 Oils now.