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).

arguably a good buy for Mr Watkin, but that does not mean any windfall for current holders, even if they jump in today .... he will also need to borrow or dilute by a further 30m for extra captal

UBS AG has further lower their stake in DOO today to 5,428,796 shares.

UBS AG has further lower their stake in DOO today to 5,428,796 shares.

Last night documentary on biofuels did not instill confidence...that is why DOO and GTL are reeling today.

Rns.....looks like Watkin will bid for company...rumours are 75-100p....

Barefoot - shame on you for blatant distortion of the facts .... do you work for the Sun or similar?

what the RNS actually says is below .....

Karl Watkin said he is at the very early stages of evaluating options regarding his shareholding, including increasing or decreasing it, or making an offer for the company.

and even if he does bid, why on earth should he pay 75/100p?

Well sorry cynic but thats the opinion of a lot of others and what ive heard on the grapevine.....when he stood down the price was round about 50p so 75p was the price going round at a 50% premium.....just passing on whats been said elsewhere...as usual we will have to wait and see......

and I have to say shame on all the doom and gloom merchants who pass around pathetic rumours about companies such as Doo that are completely unfounded....just so they can short,,,we shall see who is right at the end of the day......:O)

I like the way the FSA step in when its a bank in the limelight!!!! they want to do their job properly and look at the market abuse of most Aim companies!!!!!

you will note that the RNS patently does NOT say that Watkin is likely to make an offer.

i also suspect that your jibe was an ill-aimed swipe at me .... if so, another blatant distortion of the truth, as for a very long time i championed DOO and have never shorted it, though i sure wish i had

Cynic there's still time!

It wasnt aimed at you .....but i wasnt Blatently doing anything......unlike others,,,,i was just passing on what was said elsewhere......and someone who appears to know him stated on another thread that he was...as i said we shall see...they also said sooner rather than later....

anyway the market seems to believe it....up nearly 10p on a bad day....

anyway the market seems to believe it....up nearly 10p on a bad day....

Looks like the end of the road Watkin at his last declaration held only 4% of the shares UBS has been reducing their holding and BP dont seem interested.
Another triumph for EK!!

Lol...whatever.......

another rns under merger/takeover rules...hmmmmm....;O)

could be worth a punt at these prices but If they proceed or suceed with a placing then imo it would effectively stop Watkin making a bid.
Long term, if the co. survives the sp could be considerably higher but in the current climate there are safer investments elsewhere. Also agree that D1 has been historically targeted by shorters, days when the SP would open up 26p and end it down 30p. Surely there should be measures to stop this? Anyway, best of luck to holders.-

D1 Oils Plc
09 April 2008

Part 1

D1 Oils plc

Preliminary Results for the Year Ended 31 December 2007

D1 Oils plc, the UK-based global producer of biodiesel, today announces its
preliminary results for the year ended 31 December 2007.

Key Highlights

Successful placing to raise 14.9m net of expenses, subject to
shareholder approval

Strategic re-positioning of D1Oils;
Ongoing focus on plant science and planting
Withdrawal from refining and trading


Operational highlights for 2007

Established global planting joint venture with BP to create a world-leading
business in jatropha

Plant science operations to develop high-yielding varieties of jatropha
progressing well

Commercial breeding and product placement trials commenced

Multiplication of higher-yielding E1 seed underway


Financials

Gross cash at 31 December 2007 was 14.3m

Loss for the year was 46.1m (2006: 12.6m)

That is a phenomenal loss for an AIM Company