---
schema_version: "secwatch.filing_event.v1"
accession: "0001712543-24-000002"
form_type: "8-K"
ticker: "EQS"
cik: "0000878932"
company_name: "EQUUS TOTAL RETURN, INC."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:25:27.913216+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Equus subsidiary Morgan E&P completes two Bakken wells; proved reserves PV10 up 135%

## Summary
- Morgan E&P completed two horizontal wells (Baranko 1-28H and Obrigewitch 1-33H) producing >1,000 bbl/d combined.
- Sold 37% working interest in the two wells to Bakken Partners I, LLC for $5.6M; proceeds reduce Morgan's capex.
- Proved reserves PV10 value increased 135% to $31.99M, driven by conversion of possible to proved developed producing.
- Acreage in Bakken/Three Forks increased 25.9% to 5,976.84 net acres; net drilling locations up from 15 to 18.
- Management expects initial IP 30 rate by end of Q1 2024; Cawley Gillespie estimates EUR of ~814,000 boe per well.

## SEC filing metadata
- accession: 0001712543-24-000002
- form_type: 8-K
- ticker: EQS
- cik: 0000878932
- company_name: EQUUS TOTAL RETURN, INC.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/878932/000171254324000002/0001712543-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/878932/000171254324000002/f8k_equus02132024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001712543-24-000002
- JSON: https://secwatch.observer/filing/0001712543-24-000002.json
- Plain text: https://secwatch.observer/filing/0001712543-24-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.