other material
confidence high
sentiment positive
materiality 0.60
Equus Total Return NAV rises to $3.49 per share; Morgan E&P drills two wells
EQUUS TOTAL RETURN, INC.
- Net assets as of Sept 30, 2023: $47.1M, NAV per share $3.49, up from $2.96 on June 30.
- NAV increase driven by fair value rise of wholly-owned Morgan E&P subsidiary.
- Morgan acquired additional 1,150 net acres in Bakken/Three Forks; reserves and drilling locations increased.
- Morgan commenced drilling two wells; fair value of its equity recorded at ~$15.0M.