Equus forms Morgan E&P, LLC, new oil and gas subsidiary focused on Bakken area

EQUUS TOTAL RETURN, INC.

Equus formed wholly-owned subsidiary Morgan E&P, LLC for upstream oil and gas development.
Morgan E&P will focus on Bakken area (Williston Basin) in North Dakota.
John Hardy appointed CEO; Brian McNiell as President (CFA, CPA, over 25 yrs experience).
J. Carlo Limchuatuan named COO; Clarence K. Wong SVP Operations & Engineering.
New management team has over 70 years combined industry experience.

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