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).

Placing at 25p...this shows DOO will moves downwards now....


D1 Oils completes share placing, exits UK refining business UPDATE - AFX
(Adds CEO comments from interview)

LONDON (Thomson Financial) - D1 Oils Plc., the UK-based biodiesel producer, said it raised 14.9 million pounds net of expenses from a share placing and decided to withdraw from its UK refining and trading business because of fierce competition with heavily subsidised U.S. biodiesel imports, a move that led to widening losses in 2007.

The placing involved 64.4 million new shares priced at 25 pence each, a 34 percent discount to the April 8 closing price of the company's shares of 37.75 pence, it said.

'We are particularly pleased that the placing is being supported by our leading shareholders who together represent approximately 60 percent of the shareholder base,' said chief executive Elliott Mannis.

Proceeds from the placing, which will be subject to a shareholder vote at an EGM on May 9, will support the company's 'revised' growth strategy which focuses on its plant science and planting business. D1 plants jatropha which produces oil feedstock for biodiesel.

D1 said it has decided to withdraw from the UK refining and trading business because of high feedstock prices and the influx of heavily subsidised U.S. biodiesel imports.

'We believe that UK (biodiesel) demand will largely be met by subsidised U.S. imports. We do not see the UK as offering a viable location for refining and trading to meet domestic demand for the foreseeable future,' it said.

'As a result of a thorough review of operations in this area, the board's view is that refining and trading no longer represent the best use of shareholders' funds. We therefore intend to withdraw from this business segment,' it added.

D1 said it is considering either to close down or sell its Middlesbrough and Bromborough sites where it employs around 80 staff.

It booked asset impairment charges of 22.8 million pounds for the two UK plants in 2007, leading to a pretax loss of 46.1 million pounds, against a loss of 12.6 million pounds previously. D1 had net cash of 7.8 million pounds at end-2007.

Mannis told Thomson Financial News in a phone interview the latest fundraising will 'keep the company cashflow positive through the end of 2009'.

The fresh cash will also fund the group's contribution to its joint venture with UK oil group BP Plc., he added.

Last year, D1 and BP teamed up for a $160 million biodiesel project that uses jatropha as a feedstock. The joint venture, called D1-BP Fuel Crops Ltd., intends to plant 1 million hectares of jatropha in its first four years.

Mannis said the D1-BP project is on course to start production towards the end of the year.

Initial volumes will be 'modest' then ramp up over the coming years, Mannis said, adding jatropha has a pricing advantage over other biofuel source such as rapeseed and soya.

Jatropha could potentially fetch around $575 to $625 a tonne, below the prevailing prices for rapeseed and soya of over $1,600 a tonne, he said.

At 11:03 a.m., D1 Oil shares were up less than 1 percent at 37-1/2 pence.


monicca.egoy@thomson.com

Karl Watkins said today he would not bid for DOO.

Not looking good, JV with BP all they have going for them. The fundraising was effectively to keep up their end of the deal

Look like DOO is doing a BFC...now 17p

Now doubled to 34p, why?

Because it was very oversold. Got in at 19p and sold last night.

22p now.

up a bit; down a bit ...... chart does not look very healthy to me .....

D1 Oils losses greater than forecast - MoneyAM


Biodiesel producer D1 Oils plc warns its full year after tax loss is likely to be greater than the previous expectations.

The firms said that withdrawing from refining and trading biodiesel in the UK had been completed in line with expectations.

But as a result of the deterioration in the economic climate and consequent constraint on potential buyers' ability to raise debt finance, the disposals of its UK refining sites and equipment at Middlesbrough and Bromborough had been delayed.

Directors believe it is appropriate to reduce the holding value of these assets by approximately 3.5m.

Gross cash on hand at the end of 2008 was 20.2m and net cash was 18.2m.

In addition, the gross and net cash position at 31 December of D1-BP Fuel Crops, of which the group owns 50%, was 12.4m.

and i own up to having been a great fan of this company in the distant past

In 20 years time when oil hits $200 a barrel it might have potential!!!

i Doo ope no one got their bottoms picked here, although i suspect they may have done.it happens to us all.so dont worry about it, it dont matter, we cant get every one right.
the suggested Last chart sell signal was a move below 100sh and staying there.
chart foresight which later became hindsight.
rather like the exact diametrically opposite top picker in RKH. the Last chart buy signal was a move above 90/100sh that stayed there.chart foresight which later became hindsight. i didnt buy.
that suggests to me that DES still requires a move above 130sh and stay there, when it will, in my opinion become a buy. (foresight). could be wrong.
as always just my opinion and please always dyor.such as looking at the charts, and making up you own minds. be careful.
regards and good luck
jkd

jkd - what is this crap you've posted here? ..... 130 would make this an 8-bagger in it's own right, to use one of the favoured phrases here

cynic
your post is ambiguous so i shall read it as positive. LoL!
regards
jkd

cynic the epic should be changed to DODO!

Mission NewEnergy Ltd has ended bid discussions with D1 Oils after Principle Capital Investments effectively blocked the deal.

Mission says that its offer could not be successful without the support of Principle, which owns 27.5% of D1.

This knocked 0.82p off the D1 share price and it ended the day at 4.68p, which values the jatropha-based biodiesel products developer at 5.93m.

ASX-listed Mission NewEnergy announced it was talking to D1 on 25 May and it was proposing an all-share bid. Last month, D1 fought off an attempt by Principle to remove four existing directors and have its own people appointed to the board.

Nicholas Ward resigned as a director of D1 on 4 August having only taken up the appointment on 7 April.