D1 Oils - Charts, News and Discussion

RNS Number:1903U D1 Oils Plc 16 November 2005


Statement from D1 Oils


EMBARGOED UNTIL 07.00 Hours 16 November 2005 - London

The Board of D1 Oils plc notes the recent fall in its share price and knows of no reason for this.

The Company confirms that, since the release of its interim results for the period to 30 June 2005 on 29 September, overall trading has been broadly in line with Directors' expectations. The Company also confirms that it expects planting of jatropha to be in the range of 30,000 to 40,000 hectares by the end of the 2005 planting season. As previously announced, initial planting in the key market of India was delayed, but recent excellent monsoon rainfall mean that the planting season in the south of India can be extended by two months to February 2006 and this provides comfort that the planting target can be achieved.

Additionally the Company confirms that the first four D1 20 refineries are presently being manufactured and the expectation remains that these will be deployed prior to 30 June 2006.

Contact: D1 Oils plc: Graham Prince, Head of Corporate Communications Tel: +44 (0) 20 7321 3892 Mobile: +44 (0) 7973 323840

Brunswick Group: Helen Barnes, Associate Tel: +44 (0) 20 7404 5959 Mobile: +44 (0) 7974 982420


This information is provided by RNS
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