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

starting to move up on steady volume.

up 16% so far today.

T1ps are tipping this.....took a punt on this .....if this turns into anything like a fraction of NBPO : it could rocket....but it is a punt...

rf from little seedlings mighty palm trees grow.....we hope!

Looks promising....just got to hope that the interest does not fade away from punters.....many of these small tips never get going except at the start but they have a large acreage it seems and finance sorted out so.....a steady climb to come now....medium risky stock... with a huge upside for the sp if the market likes it....

Palm oil rises in tandem with crude and we might see crude back into the eighties (dollar wise) soon.....perhaps the sp can hit 20p by christmas, perhaps sooner....

No....but somebody else might have....sp just ticked up again...I still don't know how to scan and upload....will have to learn....

delete

These have taken off today and i have banked some 40% profit

Perhaps too early ?.....sounds like me that.....

offer price has just gone up to 19p with bid at 18

I have been buying in over the last few days.......in blocks.....

Charging up......if this is anything like New Brit Palm Oil ...then we are in for a treat !.

Am up 60% now

Equatorial Palm Oil plc ('EPO' or 'the Company')
Interim Results

Equatorial Palm Oil plc, the AIM listed Liberian focussed sustainable oil palm plantation developer, is pleased to announce its interim results for the six month period ending 30 June 2010.

Highlight

Strong progress made in achieving objective of becoming a large scale West African producer of sustainable palm oil
Successfully admitted to AIM in February raising 6.5m
Reactivation of existing plantations and nurseries developed for new planting
Cornerstone investor secured - 5 million placing by BioPalm Energy Ltd, a subsidiary of Indian Conglomerate The Siva Group
5 tonne per hour palm oil mill instillation underway and on schedule - expected palm oil production in Q4 2010
Out grower programme being established to provide additional feedstock
Liberia continues to grow as a major new oil palm province where other operators include leading international palm oil companies Golden Agri-Resources Ltd and Sime Derby
Company has strong cash position and no debt to undertake activities
Post period MOU signed for a US$60 million joint venture, to accelerate the land development

Chairman's Statement

EPO has made significant strides since listing in February 2010 to become a large scale West African producer of sustainable palm oil, and with excellent progress made at our operations in Liberia, we are currently on schedule for production of crude palm oil ('CPO') by the end of 2010. Importantly, we have secured a cornerstone investor and recently announced the Company has entered into a Memorandum of Understanding ('MOU') to form a US$60 million joint venture ('JV') with Biopalm Energy Ltd, a subsidiary of Indian conglomerate the Siva Group, to accelerate the development of our land position.

We have a large land position of circa 169,000 hectares in Liberia, West Africa, which covers three areas; 34,398 ha at Palm Bay Oil Palm Plantation ('Palm Bay'), 54,549 ha at the Butaw Oil Palm Plantation ('Butaw') and 80,000 ha in the River Cess County ('River Cess'). Our land is close to deep water ports, an available labour force and established infrastructure suitable for the development of sustainable palm oil. EPO's development plan is to plant 50,000 hectares of oil palm over the next ten years producing at 250,000 tonnes per annum ('tpa'), doubling to 100,000 hectares of plantations in the longer term.

We have a strong management team in place, with extensive experience in large scale plantation development programmes such as ours. Peter Bayliss, our Managing Director, and Geoff Brown, Plantations Director, are leading oil palm developers, with Geoff Brown having occupied the roles of Managing Director of London Sumatra Indonesia and Chairman of New Britain Palm Oil Ltd.

The Palm Bay plantation has been the Company's main priority since listing. As we advance towards CPO production, our labour force of approximately 560 has been active in weeding and under brushing the target area and the reactivation of 3,000 hectares of oil palm plantation is nearing completion.

Installation of our first, and currently Liberia's only, commercial palm oil processing mill is underway following delivery in July 2010. When construction is complete, the mill will be a major boost for the Liberian palm oil industry, and we are excited about forthcoming production. The mill, with a throughput of five tonnes of fresh fruit bunches per hour, was manufactured, and is being constructed on site by leading Malaysian producer of palm oil mills, Modipalm Engineering Sdn. Bhd. ('Modipalm'). Installation is progressing well, and although lengthy, it is not complex. Modipalm's specialised team of engineers will remain on site to train our mill operators to ensure that production of CPO is optimised. Initial revenues will be derived from sales into the domestic market and although relatively modest, the cash generated will increase to more significant levels as we develop further. The Company will also seek to buy fresh fruit bunches from out growers and small farm holders in the region to generate additional revenue.

Additionally, our new planting programme is underway with nurseries established at Palm Bay and Butaw. We are taking delivery of seedlings every month in line with our planting programme, having placed an initial order for 220,000 oil palm seeds from leading developer Unipalm.

As a member of the Roundtable of Sustainable Palm Oil, we are committed to developing our plantations in a sustainable manner. The land under our control was previously logged and will not cause degradation to primary forest in Liberia.

Liberia has a high level of unemployment so the new jobs our venture is creating will have a positive social impact on the country. Additionally, our activities should provide the necessary incentive, opportunity and market for the out-growers in our areas, creating even more positive impact on the community, a position we would like to cultivate. In this vein we have also invested in facilities, such as schools and medical centres, to support and enhance life for our employees and the local community.

Liberia's investment outlook is encouraging with a notable influx of foreign investment across a diverse array of sectors including iron ore, oil and gas, rubber and oil palm. Liberia has an established agricultural sector, with Firestone Rubber operating in the country for over 80 years. Our early stage belief in Liberia as a new palm oil province has been strengthened by palm oil majors, Sime Darby and Golden Agri-Resources Ltd moving into the country primarily due to climatic conditions and to decreasing land availability in Malaysia and Indonesia.

Financial Overview

With a major roll-out strategy in place, we have focussed on ensuring our financial position is robust, particularly in comparison with a number of our peers. During the period, we successfully listed on AIM raising 6.5 million from a strong institutional shareholder base, which has been built upon since listing. We also developed a strong relationship with BioPalm Energy, part of the Siva Group, who have subscribed for 5.0 million of new Ordinary Shares in EPO in May 2010.

This relationship with the Siva Group has culminated in a legally non-binding memorandum of understanding ('MOU') agreement for a US$60 million Joint Venture, to accelerate the development of our plantations. Siva seeks to invest in growth opportunities and has identified the palm oil industry as having high expansion potential. Under the terms of the MOU, Biopalm Energy will invest an initial US$22.5 million in cash plus arrange and guarantee a US$30 million loan facility to the JV, while EPO will contribute US$7.5 million in cash to the JV which will, on completion, hold all of EPO's current land position in Liberia.

The Board believes the JV, which will be subject to shareholder approval, will place us in a strong financial position to develop at a faster pace, and we shall update shareholders on this in due course.

For the six months under review, the Group reported a loss of 1,451,000 (2009: 515,000), largely attributable to non recurring costs incurred for fundraising endeavours prior to listing in February 2010. At 30 June 2010, the Group had a cash position of 7,608,000 (2009: 5,000) and net assets of 15,830,000.

Outlook

EPO is operating in a highly exciting and expansive sector. We have an active roll-out programme and an experienced management team who have effectively laid solid foundations in preparation for our first production and sales of CPO.

Over the coming months the Directors expect a considerable amount of news flow as we continue to expand the Company's operations and nurseries and drive momentum in production. Land preparation and investment in our downstream infrastructure will be continuing and we look forward to updating shareholders accordingly as we build our position in Liberia.

We believe that EPO offers shareholders an exciting entry point into the palm oil sector and we are focussed on generating shareholder value. Our potential JV with the Siva Group provides us with a strong funding position and a supportive partner with synergistic objectives to advance the scale of our plantations quickly and responsibly. Siva has recognised the potential of our project, and our team's capability to realise it, and I look forward to working with them further in de-risking our project to crystallise value for shareholders.

I would like to take this opportunity to thank the team and our shareholders for their support over the period.


Michael Frayne
Chairman

Blue = PAL , Red = NBPO , Green = BIP , PALM = Black

Looks good to me...much ...much..more to come from this company.....could even be bought out....just the sort of company that could be...no debt plus cash in hand...

ald am still in for free!