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EQS-News
EQS-Events
Equus Total Return announces NAV per share of $1.90 for September 30
Equus Total Return reports net assets as of September 30, 2025, of $26.5M. Net asset value per share decreased to $1.90 as of September 30, 2025, from $2.51 as of June 30, 2025.
Equus Total Return announces NAV per share of $2.51 as of June 30
Equus Total Return reports net assets as of June 30, 2025, of $34.1M. Net asset value per share decreased to $2.51 as of June 30, 2025, from $2.52 as of March 31, 2025.
Morgan E&P secures $3M term loan
Equus Total Return announced that its wholly-owned subsidiary, Morgan E&P, has closed on a $3 million term loan facility. The proceeds will be used to fund near-term drilling and work-over operations in the Bakken Shale formation of North Dakota's Williston Basin on two existing, but non-producing wells owned by Morgan. The capital is expected to enable Morgan to accelerate targeted development opportunities in its operated and non-operated acreage, focusing on both new well completions and the optimization of existing producing assets. This program is further expected to increase production volumes and enhance cash flow commencing in the second half of 2025.
Equus subsidiary enters consulting agreement with Michael Reger
Equus Total Return announced that its wholly-owned subsidiary Morgan E&P, has entered into a consulting agreement with Michael Reger and Reger Oil. Mr. Reger has elected to receive Equus shares in lieu of cash compensation. Pursuant to the agreement, Mr. Reger will lead Morgan's asset strategy across the prolific Bakken and Three Forks formations in North Dakota and Montana, targeting value optimization and long-term development potential. Reger will work closely with the Morgan executive team to assess, structure, and implement new oil and gas investment initiatives, leveraging proprietary industry insights and a disciplined asset development framework.
Equus receives NYSE notice of non-compliance with share price rule
Equus Total Return announced it was notified by the NYSE on May 15 that it is not in compliance with Section 802.01C because the average closing price of its common stock was less than $1.00 over a consecutive 30 trading-day period. Equus plans to notify the NYSE by May 25 of its intent to cure the deficiency and can regain compliance within six months. The company is considering alternatives, including a reverse stock split, to regain compliance. The notice has no immediate impact on the stock's listing or trading.
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