TIDMPAL 
 
RNS Number : 0005J 
Equatorial Palm Oil plc 
23 March 2010 
 

    Equatorial Palm Oil plc / Index: AIM / Epic: PAL / Sector: Food Producers 
23 March 2010 
                Equatorial Palm Oil plc ('EPO' or 'the Company') 
                              Update on Operations 
 
Equatorial Palm Oil plc, the AIM listed Liberian focussed sustainable oil palm 
plantation developer, is pleased to provide an update on activities following 
its recent successful GBP6.5 million fund raising and associated listing. 
 
The reactivation programme of 3,000 hectares of existing oil palm plantation has 
commenced at the Palm Bay Oil Palm Plantation ('Palm Bay'), close to the 
Liberian coast and the deep water port of Buchanan.  This is in line with EPO's 
development strategy to quickly establish crude palm oil ('CPO') production and 
generate early stage cash flow.  This reactivation programme is the first stage 
of the Board's defined development programme established to maximise value from 
the Company's circa 169,000 hectares of land in Liberia. 
 
EPO is also pleased to confirm that the initial order of 220,000 oil palm seeds 
has been placed with Unipalm, the sales agent for Feronia Inc, whose seed garden 
is in The Democratic Republic of Congo.  The seeds, which have been developed 
and specifically cultivated for the West African palm oil sector and in 
particular wilt resistance, will be delivered in batches, the first of which is 
expected in May.  The seeds will immediately be planted at two nurseries which 
have been established at the Palm Bay and Butaw Oil Palm Plantations ('Butaw') 
and will provide seedlings to facilitate EPO's initial round of planting of 
circa 1,200 hectares of land, 600 hectares at each plantation. 
 
EPO Chairman Michael Frayne said, "Since listing we have hit the ground running 
and have begun implementing our strategy to rehabilitate existing oil palms in 
order to generate early stage cash flow.  This will be utilised for the 
development of our 169,000 hectare land position in Liberia, where we aim to 
become a leading producer of sustainable palm oil. Importantly we have secured 
seeds with proven suitability for the region, which will mature into high 
quality oil palms producing yields of circa 20-24 tonnes of fresh fruit bunches 
per hectare.  We are excited about the future and with our development plan 
already underway, a palm oil price of US$830 per tonne (CIF Rotterdam as at 22 
March 2010) and an increasing interest in Liberia from major palm oil producers 
and users, we are confident that we can rapidly develop our position and build 
shareholder value." 
 
                                  * * ENDS * * 
 
For further information please visit www.epoil.co.uk or contact: 
 
+--------------+---------------------------+-------------------+ 
| Michael      | Equatorial Palm Oil plc   | Tel: 020 7766     | 
| Frayne       |                           | 7555              | 
+--------------+---------------------------+-------------------+ 
| Jonathan     | Mirabaud Securities LLP   | Tel: 020 7484     | 
| Colville     |                           | 3510              | 
+--------------+---------------------------+-------------------+ 
| James Leahy  | Mirabaud Securities LLP   | Tel: 020 7484     | 
|              |                           | 3510              | 
+--------------+---------------------------+-------------------+ 
| Dru Danford  | Shore Capital & Corporate | Tel: 020 7408     | 
|              | Limited                   | 4090              | 
+--------------+---------------------------+-------------------+ 
| Edward       | Shore Capital & Corporate | Tel: 020 7408     | 
| Mansfield    | Limited                   | 4090              | 
+--------------+---------------------------+-------------------+ 
| Hugo de      | St Brides Media & Finance | Tel: 020 7236     | 
| Salis        | Ltd                       | 1177              | 
+--------------+---------------------------+-------------------+ 
| Paul Youens  | St Brides Media & Finance | Tel: 020 7236     | 
|              | Ltd                       | 1177              | 
+--------------+---------------------------+-------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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