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Equus Total Return Inc - EQS STOCK NEWS

Welcome to our dedicated news page for Equus Total Return (Ticker: EQS), a resource for investors and traders seeking the latest updates and insights on Equus Total Return.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Equus Total Return's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Equus Total Return's position in the market.

Rhea-AI Summary
Equus Total Return, Inc. reports net assets of $48.3 million as of December 31, 2023, with a net asset value per share of $3.55, up from $3.49 as of September 30, 2023. The increase in fair value of Morgan E&P contributed significantly to the company's portfolio, rising by $7.6 million. However, Equus Energy's fair value decreased by $5.5 million due to changes in the natural gas pricing curve.
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Equus Total Return, Inc. (EQS) announces a significant increase in proven reserve PV10 value by 135% due to successful well completions in the Bakken/Three Forks formation in North Dakota. The updated reserve estimate by CG&A shows a rise in proved reserves to $31,986,856 million, with notable conversions of possible reserves to proved developed producing reserves.
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Equus Total Return, Inc. (NYSE: EQS) completes the sale of wellbore working interest for $5.6 million, with gross oil production exceeding 1,000 barrels per day. Morgan E&P, LLC, a subsidiary of Equus, successfully drills two wells in North Dakota, achieving target depths and utilizing 60-stage fracture stimulations. The wells are currently producing at a combined rate over 1,000 barrels of oil per day, with further increases expected. Morgan also finalizes a Purchase and Sale Agreement with Bakken Partners I, LLC, providing them a 37% working interest in the wells prior to royalty and other expenses. The proceeds will be used for capital expenditures, reducing overall costs for Morgan.
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Equus Total Return, Inc. (NYSE: EQS) announces that its subsidiary, Morgan E&P, LLC, has increased its acreage in the Bakken/Three Forks formation in the Williston Basin of North Dakota by approximately 25.9%. The updated reserve analysis by Cawley, Gillespie & Associates, Inc. indicates a significant increase in the values of proved undeveloped, probable, and possible reserves associated with the project. The estimated ultimate recovery from a single well is expected to be approximately 814,000 barrels of oil equivalent.
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Equus Total Return, Inc. (NYSE: EQS) reports net assets of $47.1 million as of September 30, 2023, with a net asset value per share of $3.49, indicating an increase from the previous quarter. The increase in fair value of Morgan E&P, a wholly-owned subsidiary, was a significant contributor to the rise in the company's portfolio holdings. Morgan E&P acquired additional net acres in the Bakken/Three Forks formation, leading to an increase in reserves and net drilling locations. The subsidiary also commenced drilling two wells, with the fair value of Morgan's equity recorded at approximately $15.0 million as of September 30, 2023.
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Equus Total Return Inc

NYSE:EQS

EQS Rankings

EQS Stock Data

19.70M
5.26M
64.71%
1.84%
0.07%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States
Houston

About EQS

business development company investing in middle market companies.