Morgan E&P secures $3M term loan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2025
0mins
Should l Buy EQS?
Loan Facility Announcement: Equus Total Return's subsidiary, Morgan E&P, has secured a $3 million term loan to fund drilling and work-over operations on two non-producing wells in the Bakken Shale formation.
Expected Outcomes: The funding aims to accelerate development opportunities, enhance production volumes, and improve cash flow starting in the second half of 2025.
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Analyst Views on EQS
About EQS
Equus Total Return, Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to maximize the total return to the Company's stockholders in the form of current investment income and long-term capital gains by investing in the debt and equity securities of small and middle market capitalization companies that are generally not publicly traded at the time of its investment. It seeks to invest in companies pursuing growth through acquisition or organically, leveraged buyouts, management buyouts and recapitalizations of existing businesses or special situations. The Fund's income-producing investments includes debt securities, including subordinate debt, debt convertible into common or preferred stock, or debt combined with warrants and common and preferred stock. It invests in the portfolio company, Equus Energy, LLC, which makes investments in companies in the energy sector, with particular emphasis on income-producing oil and gas properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Annual General Meeting Date: The company plans to hold its Annual General Meeting on June 25, 2026, aiming to enhance communication with shareholders and promote corporate governance and transparency.
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See More
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