other material
confidence high
sentiment negative
materiality 0.50
Equus Total Return Q1 NAV $3.38; Morgan E&P fair value down $1.35M
EQUUS TOTAL RETURN, INC.
- Q1 2024 net assets $45.9M, NAV per share $3.38 vs $3.55 at Dec 31, 2023.
- Morgan E&P acquired 5,897.52 net leasehold acres in Bakken/Three Forks; two wells commenced production.
- Morgan's debt increased by $2.2M; fair value decreased by $1.35M to $21.25M.
- First quarter operating expenses consisted principally of professional fees and insurance.