D1 Oils Plc, a developer of bio diesel fuels from jatropha curcas seed, has just signed a deal with Indian-based essential oil producer PManek Biofarms for the supply of crude jatropha oil (CJO) for biodiesel feedstock. The stock closed yesterday at 250 p.

This news comes not long after the company issued a press release knowing of no reason why the stock has fallen so far in the last 3 months. At the beginning of September, the price was around 450p and then dropped quite quickly to 225p. With oil prices where they were in September, one might have expected the reverse movement, because as oil prices rise, biofuels start to look a better bet.

Let's see what happens . . . the company has only been listed for just over a year.