sp reacting to to RNS confirming funding available to develop their palm oil concession in Liberia.

From a poster on the iii website.

What got me going on this company was the future peer to peer comparison, its location to the EU, its sustainability and its enormous potential to expand its plantation. None of the other producers have as much land as PAL do. Theyve installed the mill and expect production in January, this along with the good news of the joint venture to double up production means a good 2011 on the cards.

These are looking cheap.

Should reach 30p this week

http://www.palmoilhq.com/

Good end of the week for PAL , update on production & the mill this month .

Most Palm oil co's are up today , PAL up 29 bid 30 offer

up again to day , we have overtaken NBPO , BIP as dipped and PALM is the fastest mover this week gaining on BIP.

Investor subscription update



Equatorial Palm Oil plc, the AIM listed Liberian focussed sustainable oil palm plantation developer, is pleased to announce that Andrew Milne has, under the Investor Subscription Letter (the 'ISL', as described in the Company's AIM Admission Document dated 26 February 2010), has subscribed for an additional 2,020,000 new ordinary shares.



The enlarged issued share capital of the Company following the issue of the 2,020,000 new ordinary shares will be 120,405,099 ordinary shares. Application has been made for the new ordinary shares to be admitted to trading on AIM and the new ordinary shares are expected to commence trading on 24 January 2011.

http://moneyam.uk-wire.com/cgi-bin/articles/201101201506168373Z.html

Bought a few more @29.05

http://www.liberianobserver.com/node/10322

http://www.palmoilhq.com/

http://moneyam.uk-wire.com/Article.aspx?id=201101311642294054A

26.25 +1.50 (+6.06%) live: 2:39PM GMT
Bid price 26.00 Open price 25.00
Ask price 26.25 Prev close 24.75
High price 26.46 Spread 0.95%
Low price 24.57 Volume 538,152

Up again this morning with good volume

http://moneyam.uk-wire.com/Article.aspx?id=201102031704256691A

Equatorial Palm Oil JV with Indias Siva Group is now set up

Friday, February 04, 2011 by Andre Lamberti

In Liberia, EPO plans to develop 50,000 hectares in oil palm plantations within 10 years, and the strategic plan targets a 250,000 tonnes per annum crude palm oil operation

Equatorial Palm Oil PLC (LON:PAL) (EPO) said the joint venture agreement with Indian conglomerate, the Siva Group, has been fully implemented. The deal was initially flagged in September 2010.

The JV company has now received US$22.5 million in cash from Biopalm Energy, a wholly-owned subsidiary of Siva Ventures. EPO itself is investing US$7.5 million into the JV.

The deal also includes a US$30m loan facility to accelerate the development of EPOs palm oil operations in Liberia.

The 50:50 JV controls EPOs entire 169,000 hectare land position at Palm Bay, Butaw and River Cess in Liberia.

BioPalm is already the EPOs largest shareholder with a 29 percent stake in the company, after the Indian investor subscribed for 5 million in new equity (33.3m shares) back in May 2010.

In Liberia, EPO plans to develop 50,000 hectares in oil palm plantations within 10 years, the strategic plan targets a 250,000 tonnes per annum (tpa) crude palm oil (CPO) operation.

Initial CPO production is slated for Q4 2010, and the first palm oil processing mill is already under construction.

EPO joined the AIM market in February following a 6.5 million IPO. The company aim is to become a sustainable, low-cost producer of crude palm oil in Africa through the reactivation and development of existing plantations and its agricultural land bank in Liberia.

According to EPO, palm oil is the most important and widely produced edible oil in the world, and demand is projected to grow at 5-6 percent per annum over the next five years.

Palm oil is to food production what iron ore is to heavy industry.

It is an ingredient found in everything from Galaxy chocolate to Goodfellas pizza.

It even crops up in Persil soap powder. And in common with many basic minerals and hard commodities, demand for palm oil is buoyant and expanding all the time.

Liberia is a politically stable country and is becoming a fast growing investment destination for multi-national corporations, EPO said. Furthermore, the oil palm is indigenous to West Africa and cultivating it in this region avoids the adverse environmental impact the plant has on countries across Southeast Asia, where large areas are affected by a significantly lowered water table as a result of oil palm growing.

EPO believes the application of South-East Asian techniques and the latest seed genetics may enable Africa to become a key player in the world palm oil market again.

http://www.proactiveinvestors.co.uk/companies/news/25241/equatorial-palm-oil-jv-with-indias-siva-group-is-now-set-up--25241.html

2/11/2011

Indian bounce for EPO

Another pick from Shore Capital in the food sector is Liberia-focused palm oil developer Equatorial Palm Oil (PAL).
Analyst Phil Carroll draws attention to the joint venture agreement with Indian conglomerate Siva Group, which was approved by shareholders at the end of last year.

The agreement sees BioPalm, a subsidiary of Siva, provide $22.5 million in equity investment in return for a $7.5 million equity investment from EPO and its 169,000-hectare Liberian land position. EPO plans to use the cash to double its previous planting targets, with Shore enthusing that the outlook for the company is positive.

from iii article out today

We have written extensively on the progress being made on the joint venture agreement with BioPalm Energy, which provides for an equity investment in Palm Developments, the joint venture company, of which $7.5 million was due to come from PAL (via its Guernsey subsidiary) and $22.5 million from BioPalm Energy (which holds approximately 28.5% of the issued share capital of PAL).

Last week, the board announced the full implementation of the JV and that monies amounting to $22.5 million have been received from BioPalm Energy, which should help develop its c.169,000 hectare position at Palm Bay, Butaw and River Cess in Liberia.

We remain optimistic about the company's ability to make the most of the opportunity and look forward to operational updates in the near future.

http://moneyam.uk-wire.com/Article.aspx?id=201102141741242224B