EQS News & Events

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 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.

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 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.