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 's volatility leading the SP lower.
Would hesitate to guess what the bottom will be -

perhaps when scraping the bottom of the barrel?

UBS AG unloading some DOO today...101p now

am really sorry to see this as championed DOO for a long time .... also noticed somewhere that BP may be dumping their green division, which must surely impact the JV they have with DOO

D1 Oils Plc
07 March 2008

Statement on Refining and Trading Operations

As stated in our Q3 Business Update of 4 December 2007, D1 Oils plc (D1)
continues to review its downstream refining and trading operations, at both
Middlesbrough and Bromborough, in the context of imports of heavily subsidised
biodiesel from the US (B99).

As part of this ongoing review, D1 announces today that it has commenced a
consultation process with employees at both its Middlesbrough and Bromborough
sites. Consultations will begin immediately with employees at both locations.

A further announcement will follow when consultations are concluded.

Commenting on the announcement, Elliott Mannis, Chief Executive Officer of D1
Oils plc, said:

'The decision to begin consultations with employees is not one we have taken
lightly. Imports of heavily subsidised biodiesel from the US, so-called B99,
have eroded margins to the point where we have no choice but to consider how to
reduce operating costs. We are taking this action in order to manage the
business proactively in a difficult market.'

Do DOO have incompetent staffs?

UBS AG must have known something...they unloaded a week ago.

Looks like it may be going the same way as BFC.

All these biodiesel seems to be bad for investment...BFC, RVA, GTL and DOO now.

This write-up from today's Times:

DOO - Times article Saturday 08March2008

Also this:
"Karl Watkin, the Newcastle entrepreneur, sparked the wrath of shareholders by selling out his shares in Just2Clicks, his dot-com company, for 3.4 million shortly before it began winding itself up.

The future of his second AIM venture, D1 Oils, a planter and refiner of jatropha plants to make biodiesel, could also be grim. Its shares slid 36p to 62p yesterday on a warning that its refining business was being undermined by subsidised US biofuel imports. Luckily, Mr Watkin, a nonexecutive director who moved from chairman a year ago, sold 1.51 million of his shares last summer at 268p and 242p.

D1 is considering shedding half the 95 staff at its two UK refinery sites and one refinery, at Bromborough, may be shut down. The company burnt through most of its 49 million cash in the six months to last June buying and building the refineries while trading losses were 10 million. Dresdner, the house broker, reckons D1 will need new funding by next year as cash from its jatropha crop is some way away.

Mr Watkin is also a director of China Goldmines, down 4p at 116p. Investors should note that he sold half his stake for just over 1 million last month at 104p to settle a tax liability."

I have held DOO but it was a while ago,when the JV with BP was brewing. Not sure I'd want to buy back in.

It has also predict losses of 16 million in 2008 and 20 million in 2009. How bad can this go wrong.

hlyeo98
Looks like down on Monday then.

sorry to say, but may well be worth shorting

cynic I agree with you.

Went short on these on friday. I'm not the only one, some other posters on www.traderbanter.com are also doing the same.

Lol.....and how many members do traderbanter currently have...about 50?? not a lot at present. Seems they have people advertising their site everywhere!!!

Barefoot
Including liamom.

I dont hold Doo at present but cant stand shorters and hopefully they will get their cumuppence. I am not saying this is true but heard a couple of rumours recently...one that good news would be announced and another that they would be taken over in the New Year for 150 - 200p (Advfn). Dont forget the refinery is only a small part of their biz and a route they went down when expanding their business model. Would love them to deliver tmrw!!! Good luck to all....

and please nobody buy following my post.....as i said i dont hold anymore as i find it too volatile and its rumour based on what people have said ......but remember it can go up just as fast as its come down!!!!

Pretty stupid comment barefoot.

Its far easier to come down than go up. I'm fully expecting D1 to go under within 2 years. Probably one of the most obvious shorts on the market.

Well Good Luck........thats your opinion and as i said i dont hold...just find shorters dispicable creatures trying to bring small companies down...shouldnt be allowed as you dont own the shares and just cause misery to the people who do hold!!!!!!