CEO Presents at UK-Cote d'Ivoire Investment Forum

RNS Number : 6488R

Dekeloil Public Limited

30 October 2013

 



DekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers

30 October 2013

DekelOil Public Limited ('DekelOil' or 'the Company')

CEO Presenting at the UK-Cote d'Ivoire Trade & Investment Forum

DekelOil, the operator and 51% owner of an established vertically integrated palm oil project in Côte d'Ivoire, is delighted to announce that its CEO, Youval Rasin, will be presenting on the subject of 'Investing in Agriculture and Agro-processing' at the UK-Côte d'Ivoire Trade & Investment Forum today, 30 October 2013, which will be attended by the Prime Minister of Côte d'Ivoire, Daniel Kablan Duncan and other dignitaries.

DekelOil Executive Director Lincoln Moore said, "DekelOil is one of the few, if not the only, Ivorian companies listed on a major London exchange and having only listed successfully on AIM in March 2013, we are delighted to participate in this prestigious forum. 

"As we near the completion of one of West Africa's largest palm oil processing facilities in the south-east of the Côte d'Ivoire, our role in the country's agricultural sector and as regional employers is set to increase significantly as it becomes operational in Q1 2014.  With the majority of the feedstock during the life of this initial project derived from the production of 5,000 local smallholders, we look forward to working closely with the local farmers and the Côte d'Ivoire government and as we focus on growing the Company to be the largest palm oil producer in the country."  

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For further information please visit the Company's website www.dekeloil.com or contact:

Youval Rasin	DekelOil Public Limited	Tel: [phone]
Shai Kol	DekelOil Public Limited	Tel: [phone]
Lincoln Moore	DekelOil Public Limited	Tel: [phone]
Christian Dennis Jeremy King Roland Cornish Rosalind Hill Abrahams Elisabeth Cowell	Optiva Securities Limited Optiva Securities Limited Beaumont Cornish Limited Beaumont Cornish Limited St Brides Media & Finance Ltd	Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone]
Frank Buhagiar	St Brides Media & Finance Ltd	Tel: [phone]

Notes:

DekelOil Public Limited is an asset backed, palm oil production and development company focused on becoming a major West African sustainable, low cost producer of Crude Palm Oil ('CPO').  DekelOil plans to rapidly expand its existing palm oil estates in the Côte d'Ivoire as well as what will be, once construction has been completed by the end of this year, one of the largest oil processing mills in West Africa with a capacity of 70,000 tons of Crude Palm Oil ('CPO') per annum.  The mill is due to commence operations and generate first revenues in 2014.  DekelOil already has 1,886 hectares of planted plantations but until these mature, initial feedstock for the mill will originate from 27,000 hectares of mature palm oil plantations that have been secured under long term contracts with smallholders. 

 

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