HOUSTON, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Equus Total Return, Inc. (NYSE: EQS) (âEquusâ or the âCompanyâ) today announced that its wholly-owned subsidiary, Morgan E&P, LLC (âMorganâ), has successfully 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 Dakotaâs Williston Basin on two existing, but non-producing wells owned by Morgan.
Related Questions
What is the anticipated timeline to bring these nonâproducing wells to first oil and how does that compare to Morganâs prior projects?
How will the $3âŻmillion term loan affect Equusâ balance sheet and leverage ratios?
What are the interest rate, maturity, and covenants associated with the loan facility?
When is Morgan expected to commence drilling and workâover activities on the two wells?
How will the additional production from these wells impact Equusâ quarterly revenue and cash flow forecasts?
Will the loan issuance lead to any dilution or affect existing shareholdersâ equity position?
What are the potential upside and downside scenarios for reserve additions and net present value (NPV) from these two wells?
How does this financing move compare to recent capitalâraising activities by peer E&P companies in the Bakken region?
Are there any credit rating implications or changes in debtâservice coverage ratios resulting from the new loan?
What market reaction (price movement, volume, analyst sentiment) can be expected following the announcement?