announcments are due soon, stock price moving should hit 1.80 easily, very interesting story with new field linked in with an indian oil company joint venture and I understand good results from one area, looks great

Amities / d'accord .The group signed a contract with Dolphin drilling to drill both appraisal and exploratory wells off shore Nigeria with commencement soon after. The company has $109 m in cash to fund its programme ; and no long term debt . What with Nigeria being such as prolific producer ; and one site believed to hold in excess of 4 billion bbls alone this one looks a great buy at 220p ! @ + J

And what is more; what with being no more than a few km from Shells massive Bongo field ; and almost totally supported by institutional buyers one could say with more than a touch of optimism that EEL s prospects are better those of fellow small / mid cap players such as TLW or DNX or HNR or even HDY , or come to that , Cairns .... lm really surprised th the lack of interest in this stock considering it is located right in the middle of one of "Big Oils " hotspots ,,Virtually the mast to which Big Oil has nailed its colours ....

Despite a dearth of news in the general media reg. two small kingdom lsland nations called sao Paulo and Prencipe located off the coast of the Nigerian coast have suffered USA backed "friendly" coups. And why ? ,,,,BIG OIL !! Oil in massive quantities are known to have been detected using 3d seismic ( virtually 4d ) and intensive magnetic imaging after being initially located via a spy satallite .. ln order to persuade Nigeria not to have any aspirations as to this oil , the "Voice of America"( Naval news ) recently announced a full battle group of American aircraft carriers with accompanying cruisers and air support would hold joint exercises with their new bed partners inside Nigerian territorial waters And would remain in the general area for the forseable future as a deterant to any moves by Nigeria . . One of the sites is believed to be another "bongo" field ( Operated by Shell ) with the possibility of between 4 and 6 mllm bls able to be easily lifted . ,,,,,,,,,,,,,To give you an idea of how America views oil in the middle east and Africa i saw a sticker on a car in NY with the rather scarey slogan "Whats all our oil doing under the ground of their countries ? Rather sums it up , dont you think ? @+

One of those islands is used as a internet dial up scam, think its called Sao tao.
P. S. T F C, do you hold any CHP ?

Amities Roly , (ad erratum . l stand corrected. One of the islands is indeed called principe and the other is Sao Tome. .. { i can imagine it will be a mixture of the wild west and Star Wars CHP ? Yes . Most certainly do . Why ? Whats up ? ln fact i have slowly been building up a stake. Back to looking for the JKXs and PMOs and Burrens of the next generation of oil minnows at a few pence . + J,,,Have a look @ COP ,,,,Director buying seems to suggest s/p has found its nadir ,,,,and on the way back up .....@+

Already hold COP,CHP ,GED ,EEL and NOP among the smaller junior oils.

Its on the move.

Something of an understment Roly lol up 23p ! ,,,and 500,000 om the bell . On what is not a producer as yet; but merely an expo . Cant stay as sending via WAP .But great news Roly aka Aldwick @+ J

Amities ,,,Pattern of trading shows someone is "discreetly " building a position .

Roly; i dont know if you know but American giant, Chevron in j/v with Nigerians are scheduled to commence drilling a number of explatory wells among the archipeligo islands of Sao tome and Principe in January . All good news for us EEL holders .{ you and i ,,,lol } Trading illustrtes someone is eager to attain a principal position priced between 185 and 225 ,,,,,,,,MMs shook the tree from 220 to 180 recently and within a week its back challenging its resistance level ..With PROVEN C1 acreage , and in excess of 100 $ banked, and with top management all versed in the vagaries of Corporate Big oil" ; and with Olsen backing them with suport services such as platforms ,ect ect this company will discreetly forge ahead to over 300p within a matter of mere months - very little danger . Many oil minnows cannot even attain "slots" for a modern platform as once a juniour oil company gets hold of one they exercise all rights to retain the platforms under due dilligence and extension clauses ; all due to the the massive rotary count compounded not only with new expos drilling all over the globe but with the number of workovers. Both upstream and downstream the supply is tight. - from rotary capacity running @ 96.8% and outdated 1970s refineries { accustomed to "sweet" Loiusian red " and WEl and which cannot cope with the "sour" crude of SA with which the Saudis have been forced to make up their lagging quotas recently } The story of oil is changing forever . OPEC simply havent got the neccassary production to satisfy demand from 1/6 of industrialized nations let alone the emerging 5/6 whose appetite is phenomonal . China is investing in the construction of all maner of refineries to cope with high sulphur , bitumen like, and high cost extraction oxy ; yet their benign American counterparts offer handsome yields and huge buybacks. Rarely make a "strike of consequence " and only increase reserves by acquistion ,,,,,Power has moved to the likes of swing producers llike Norway the Russias, ( esp sattallite States }and West Africa and the Latin Americas . And soon .China. According to the USA department of energy Saudi Arabias production must rise by a staggering 140% in the next decade to meet global demand -- From 102, 61 bblmbd to 238 mb/pd . To put this in perspective . This is the equivalent of finding an "untouched "USA " or Mexico. The usa and Europe think they have found a new " North sea " on the West African coast ..OPEC are a footnote in the history of "Big Oil " now. lraq and lran has probably the most in percentile terms ; but as you know it is dangerous beyond comprehension in lraq . ln addition many of those fields were utterly ruined in the latter gulf war by coalition { Uk and USA } forces slinging over 200,000 tons of uranium tipped missiles at these appliances . Shell and BP were offered nearly all the major secondary contracts and simply refused many out of hand as hazerdous ! Every single nation in OPEC fom Syria to Yemen, from lndonesia to even Nigeria are in classic "Hubberts STEEP cliff like decline . and who believes the Saudis No matter how much is extracated Saudia Arabia always declares reserves of 260/270 billion barrels . Now with Gawar old and tired , bottle washed and water injected this is a obvious folly . \they have made few discoveries recently .Yet reserves remain the same .Nonsense ,,,,,,,,,,,,,,........................................................................................................,,As a footnote General Tommy Franks recently stated it would be extremely unlikely one would ever again see massive battle groups of aircraft carriers operating in the MED as over 60% was designated to patrol the West African coast - from Mauritania to Angola. Yes . Big oil has the biggest friends. As records from the Dept of defence illustrate " the pentagon leadership revealed that Franks and his staff have crafted strategies that will allow us { the USA } to SECURE and PROTECT all W. African and American owned fields throughout the world with rapid respose units ....EEL appeal is obvious sitting next to Shells huge Bongo field and with BP less than 40km away. And now with Chevron sqeezing on the back of a j/v into the he sao tome/ principe acreage, i see EEL becoming as big as Cairns or Dana ......lt really is worthy of investigation . ,,Bonne chance ,,,a/b @+ ,,J

Cheers Jamie, great postive post.

Equator Exploration Limited
08 December 2005


Immediate Release 8 December 2005

EQUATOR EXPLORATION LIMITED

US$60 Million Private Placement of Common Shares

LONDON, United Kingdom - 8 December 2005, Equator Exploration Ltd. (AIM: EEL.L)
('Equator') is pleased to announce that it has placed 17,291,066 new common
shares with institutional investors at a price per share of 200p (US$3.47) for
total proceeds of 34.6 million (US$60 million). The shares being issued will be
admitted to the London AIM exchange on or about 14 December 2005.

Commenting on the private placement of shares, Wade Cherwayko, Chief Executive
Officer of Equator said, 'We are pleased with the positive response to the
private placement and the continuing support of our shareholders. The funds
raised will support the company's aggressive drilling program for 2006 as well
as the possible acquisition of additional exploration acreage.'

In addition, Equator is pleased to announce the granting of 50,000 options to
advisors of the company. The options are exercisable, subject to semi-annual
vesting over two years, at a price of 206.80p within five years from the date of
the grant.

For further information, contact:

Wade Cherwayko, Chief Executive Officer +44 (0)20 7235 2555
Philip Dimmock, Chief Operating Officer +44 (0)20 7235 2555
Bobby Morse /James Strong, Buchanan Communications +44 (0)20 7466 5000

Background information:

Equator

Equator (
www.equatorexploration.com
) was founded in December 2000 and listed on
the Alternative Investment Market of the London Stock Exchange in December 2004,
raising 60 million to fund its exploration activities in the highly prospective
waters of the Gulf of Guinea.

Equator's objective is to build a diversified portfolio of exploration,
appraisal and production assets in the region. The Company has exploration
interests in the territorial waters of Sao Tome & Principe and Nigeria as
well as the Nigeria-Sao Tome and Principe Joint Development Zone. Equator is
also currently evaluating other exploration opportunities in West Africa.



This information is provided by RNS
The company news service from the London Stock Exchange

Amities !/ Slt Roly ! . What with EEL up by over 20% in the past month , one could be mistaken for thinking one had missed the bus . But this latest move was nothing but "shorters" rapidly closing thier position and going long . What with Chevron yesterday announcing they are the latest major to decide to invest billions of dollars into this area on the back of a j/v with a Nigerian player: and EELS HIGHLY succesful lnstitutional placing @ 200p which will undoubtadly act as a springboard of support i feel we are sitting on probably the most fiscally rewarding stock not only in the energy sector , but on the entire market . Todays RNS clearly illustrated that despite overflowing coffers the NOMAD ,all advisers , and been -counters have collectively elected to take up stock @ 206p rather than any accept accrued fees. Now had EEL been strapped for cash this action would have smacked of desperation; but with in excess of 100m of cash stashed in thier bank, it quite conversely shows advisers see a lot more money in the eventual rewards of the stock as opposed to the usual practice of charging exorbitant fees . News will come sooner than you think Roly . Have you seen offshore water depths through which EEL will drill to locate thier payload ;- A mere 400 ft to 4,000 ft as opposed to BP s 22,000 feet on "block 31" drilling offshore furthur down the coast off Angola, or even your average median of 10,000 feet in the North sea . 400 metres is juste what we needed as time is of the essence !! ...Much $$$$$$$$ saved due to the relative shallowness of many offshore wellheads . What with operators of today charging double the daily platform rate of 2004/5 EEL look to be well placed to take full advantage of the tripling in the oil price without having to resort to drilling into what is called the "Super deep " ( in excess of 20,000 ft ) which is costly ,time consuming and fraught with many unknown variables Also we already KNOW of two abandoned wells in this acreage from drilling from the 1970s whose antiquted equipment still yielded production of 5750 b/pd and 8100 b/pd but were considered uneconomical considering the oil price was a mere fraction of todays price . And supply was in abundance . But in 2005 matters are diametrically the opposite !! ..But with oil at $ 60 to $ 70 p/b , or come to that , even as low as $ 50 p/b , EEL are the new boys on the block . Stand aside Dana , Cairns and Burren . EEL will be a constituient among the FTSE 350 midcaps before the bulk of investors even realise ! Traders are buying in vast numbers { 100,000 to 250,000 + are common lately. That sould surely convince any doubters among you that this stock is attracting attention from the plethora of analylists ,,,,As always with good stock it wont be tipped in journals such as lC or Shares mag or Money weekly until it has broken the 230 level and thus resumed its rapid climb .......ln my opinion it will be meteoric .....Faires attention ! Bonne chance a'bientot @ + J .. ... .

"Equator, like a lot of companies, is going to be driven by news events. We believe the company has a bright long term future to play in the west African oil rich region. Key to this future is going to be strategic events as stated for 2005/06."

from http://www.lemminginvestor.com at 156p July 18

Equator Exploration Limited
19 December 2005



Immediate Release 19 December 2005

EQUATOR EXPLORATION LIMITED

('Equator' or 'the Company')

Notification of Interest

LONDON, United Kingdom - 19 December 2005 - Equator Exploration (AIM: EEL.L) was
notified on the 12 December 2005, that Millennium Partners, L.P. has an interest
in 7,142,285 common shares of the Company, representing 5.4% of the issued share
capital.

For further information, please contact:

Wade Cherwayko, Chief Executive Officer +44 (0)20 7235 2555
Philip Dimmock, Chief Operating Officer +44 (0)20 7235 2555
Bobby Morse / Ben Willey / James Strong +44 (0)20 7466 5000
Buchanan Communications

Background information on Equator

Equator Exploration Limited (
www.equatorexploration.com

Amities ./ Slt . By virtue of geopolitics , stealth and a positive yet somewhat sparse newsflow yet not cashflow - $100m- coupled with the support of new institutional and hi value clients to add to the less obvious variables such as the the prestigious backing of Olsen F. ensuring they do not fall victim of the tight rotary count nor infrastucture deficiencies , EEL is a true star in the making . A TRUE star !! {Cairns jump into my mind immediately --..Shame on Shell ,,lol What an awful error . lncidentally nearly all oil expo-producers are extending contracts for rigs as is thier right . When i enquired today at some of "Big Oils " exponenets each had the same story . Median Capacity is running @ 98.82% of what is available . Put simply. Thats even TIGHTER ! . To tight ! The infrastructure has criminally been allowed to be inadequate and proven aged upstream , and decayed and antiquated downstream where refineries cannot cope with high sulphur.bitumin , Oxy type oils ........ WTE and "Loisiana red " being thier preffered diet. ,The capacity here is a massive bottleneck . .... China,lndia, USA , UK , France are constucting refineries that can cope with any "sour" crude " and China are going a step furthur . -Refineries that can cope with 99% of the tar sands and shale of the likes of Canada and Latin Americas . Mssive new mooring platforms the size of fifty Wembleys for "super deep" exploration are under construction ; but they will not be ready for years . smaller players will wait perhaps months if not years for a rig esp deep water . Also cost to operator to work the wellhead has increased by over 100 % in the past year ........As we speak EEL are drilling on acreage which since the mid 80's has proven C1/C2 and C3 reserves ranging from 37.9 mboe to 240 mboe . Daily rates tested @ approx 3.950 to 5950 b/p/d on two sites were connsidered uneconomic with a bl selling at a miniscule price of today. And that was without the technical advances of today. ...Satallite ,electro geomagnetic tracing , and 3D seismic have shown a number of leads in the very same area thearby allowing infrastructure costs to be kept to a minnum if fields were as the saying goes " found in the shadow of one another. . Spudding dates of these wells suggest drilling results are on the horizon . . Luckily in the 70s and 8os they had been cemented and left untapped due to the abundance of cheap OPEC and Russian oil almost drowning the markets at the time .So it was it was left banked in the shallower waters of the Sao Tome / Principe shelf and in the deep coastal waters seperating it from Nigeria. . Does it not tell you something when you learn the USA led a "friendly coup here " at Sao Tome and Principe to get their mits on this oil ! This is an area within the EEL portfolio No speculation here . None . Considering the sheer cost in millitary $ you dont have vast battlegroups of aircraft carriers DAILY monitoring the Gulf of Guinea - sat huddled between the Nigerian shelf and these tiny African nations merely to kill a little time . 3* General Tommy Franks admitted as much in a speech in which he stated that as much as 25% of future USA supply will be extracted in this area ; and as such was accorded a "flashpoint status " { one of several } meaning in effect that what was called iniatially "The Carter doctrine " Later endorsed by Clinton and exploited by Bush . .Basically the USA are building bases by the dozen and all within striking distance of these so called "flashpoints - Hence bases have suddenly sprung up in Rumania , Bulgaria , Georgia to protect Caspian interests . Bases have began in Algeria , Morroccco and Mali to protect Arab African interests . . No prizes for guessing where " Big Oil " sees the future of its business. And there are a number of these so called "flaspoints " .Coastal West Africa being one of them . . Reading between the lines it means more than diplomatic posturing . More than a case of "Dont "F*** with us ! or we will more than seriously F*** with you "" but reading between the lines it more than suggests that if ANY USA supplies of oil are interupted those perpertrators will be obliterated .. This is true hardball . ....... Aside from the geopolitics . EEL >...... Up a collasal 35% in a matter of afew weeks, and all made possibble WITHOUT the need for flashy presentations , expensive hospitality, ., over optimistic rash analylist predictions , usual internet BB hyping, and persistent tipping by the likes of "IC" ,"shares " ,and Money weekly ! { Thats the time to worry !!!! lol }The numbers speak for themselves !! . Do a little number crunching. Examine the consistent massive yet discreet trading all done with the mininum of fuss . The number of mms , brokers , traders who are trying to get a shedful almost equal the number of " ordinary trades " { PI's } in the market. l tried to top up a matter of ten days ago and could ONLY get them in pathetic tranches of 1,000 .No-one was selling . So i settled for 10,000 @ 256 at a time when they were 252 ... .And as with VOG it is surrounded from majors from virtually every continent .All the usual names . E/Mobil , Total , Chevron/ Texacco, , BP, But whereas i am heavily overweight in VOG as a very convincing play i still strongly regard it as a "speculave play " But upside COULD be truly phenomonal .Quite staggering . The downside - minimal . With a nice springboard of support at placing price But still all the same -speculative , but EEL is a "strong med term hold for me . l know it will be successful .. The question merely being . HOW succesful . ? ..A good start on this one is to study the trading.. Since its very temporary nadir at 183p it has steadily climbed to 270p in a few weeks ...Yet mms still want the stock ; but dont make it to manifestly obvious . Someone is building a hefty stake. Definately. Even if it is does not exceed the RNS forcing 3% RNS it is a very nice principal trade/s .....Not forgetting the potential acreage in EELs portfolio in the prolific Nigerian Delta - Dangerous but with yields of 100,000 bls pd in neighbouring areas . ... Theres oil here . lts a done deal for me . { For the record so as to avoid ramping a stock i have a considerable position in this one } . Bonne Chance ! ...@+ J

Amities Roly , {Aldridge }. From the absence of other posters it would appear that only you and i are the only parties interested in making serious money on this one . @ J . ...

Slt Roly ...when you have a moment a peak at Hardys gas and oil . Another oil junoir . sneaking up without making a fuss. .Good acreage and well supported . @+ J

@ J

There is more interest on the ADV.n BB, am still holding all my EEL but sold 20% of my VOG @ 140p, GFM is still my largest holding , i will have a look at Hardys gas and oil . ps Did you get my singing Christmas card.

Roly .. / Yes; thanks very much ! ,,,lol Je te remercie de ta card !!! ,,lndeed thanks for your Christmas card . Reindeers singing in melody ,,lol hehe Whatever next ? ...lol ,,Likewise i hope you and your family enjoyed the festive season and hope you all a happy,healthy, and prosperous new year. ...... ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, On a fiscal note { awful pun ,,hehe }; Did you see the size of some of the EEL trades going through last week ?.. MMs are running scared of energy-esp hydrocarbon- based stocks . Cant you detect it .....Nice play on Vog Roly ..Felicitations ! ! As i always say " Never be too greedy .,,Bien amicalement ,,Bonne chance mon ami ...@+ J

Price now past 300p, 300 --- 302, drill results next week ?

Amities Roly . up 25p to 300p ... Looks like your " announcement has become news to a number of traders ! ,,,,We shall see this tipped by IC or Shares or Money weekly when they are about 400p + ,,A lot of big money being sunk in EEL. .Only reason i dont go " all in " on this is due to the nefarious reputation of the CEO . But he has all the right connections in Nigeria . .,,,,@+ J

l would imagine so. News is due. ,,,,l was going to buy a few more @ 280 this morning but unfortunately changed my mind . Never mind . Plenty of traders still buying ,,,,@+ J

RNS ! ...EEL !! l dont feel you can go wrong here ! EEL have issued an RNS informing the market that drilling interupted an intersection to what they call a major gas resavoir . What with Shells Bongo field lying nearby which is believed to contain 1.4 billion bpoe this is a great start to EELs aggreseve 2006 drilling programme . Shares up 10p already following the 22p rise on Friday. Since the 180 level buying in EEL has been mm and broker dominated ... Furthermore EEL to start immediate drilling on an equally exiting lead !!

2006-01-09 00:48:18

Nigeria begins shipping liquified natural gas to US from new plant

LAGOS (AFX) - Nigeria NLNG said it had shipped the first cargo of liquefied

natural gas to the US from its fourth production plant.

Up 30p --10% . Thats 52p in 2 trading days with a LOT more to come . A future "Cairns" perhaps ! . ..Bought a few more @ 310p and even then it wasnt only after mooching about .. Looking at the price oil majors are paying for mere exploration licenses in this area clearly illustrate coastal West Africa to be one of the masts " Big Oil " has nailed its colours along with the Russias, the latin Americas inc the Gulf of Mexico and Falklands,the Caspian and Black sea countries and a plethora of Balkan states and ex soviet satallites such as the Ukraine , Georgia,and with Turkmeni ,Azeri , and Kazack gas becoming MAJOR suppliers ! - . ,,, ,,,,Listening to BBC radio 4 money prog which commented favorably about Brazil are emeging oil players and have the possible potential of the Russias , Africa, lndia, and China ,,, ,,,,,@+

Up a further 20p to 350 . Thats 75p in 3 trading days. Seems a little froth in that s/p and i expect a minor retracement / correction to the 325/330 level . ...Roly ? You sold any of your holding as yet ? ..As for myself . Playing the percentages as all good traders and what with 20% returns in 2 days alone l couldnt resist such profit ....Sold a few thousand @ 345p ....

There as been a retracement today, but there might be American buying after 2 pm, i sold just a few CFD's that i bought @270 for 307

from lemminginvestor.com

Equator Exploration investors, were given another boost today, after the Irish oil minnow announced it had discovered a major gas reservoir on the western Niger Delta, offshore Nigeria.

The gas was found on the B-DX1 well, located on the OML 122 license area, east of Royal Dutch Shell PLC's Bonga field which is estimated to contain up to 1.4 bln barrels of oil equivalent. The well, B-DX1, is a follow-up to the Bilabri-1 discovery hole, drilled in the 1970s by Deminex Oil. That well encountered an oil zone and several gas zones. The pre-drill estimates on the structure were put at 25-45 million barrels of oil in place and 1.2 trillion cubic feet of gas in place.

In a drilling update, Equator said a 'continuous hydrocarbon column, 455 gross feet in length, has been encountered at 2,303 metres below sea level.'

'Of this, a 200 foot gas interval lies within the main gas sand identified by the discovery well, confirming it as a major gas reservoir,' it added.

The group said it is to drill a second exploration well next month.

The shares have rallied strongly since our feature at 131p in June `05. gushed 28p higher today, closing 328p.

Amities / This is one for both the long term and short term trading Roly . You agree ? ..Might be worth buying in the morning as buyers did as u suggest return in late afternoon . .lts amazing isnt it . ln EEL we have a company in which lots of money is being made by investors { mm and broker dominated } , a share whose potential is vast yet yet the thread is bare. Yet people are still waffling away about crap like FTSE giants such as FTSE 100 giants VOD to small minnews like shitty NML and burnt out SEO who will probably make NOTHING and cause nothing but sleepless nights !. ,Why wait years to make ANY profits when shares like EEL are an excellent investment and what is more . For the more expirienced traders - ,, ,CFD trading long or short or inter-spread. Once you work out the dynamics and current trading idiosyncasies of EEL in relationship to the market its quite easy to quantify. BUT! lts trend is very bullish. Extremely so. Such big percentile fiscal gains as made by like those of EEL are bound to attract people banking profit. BUT their closing of positions is more than underpinned by big buyers @ 350 level . lt will be 400p within a month in my opinion . But with plenty of volatility caused by the mms determination to balance his book - tree shaking to accumulate and sudden 6-10 point drops to worry nervous investors to reduce his exposure . Lots of tricks on the way As you know Roly it is my share of the year ! And if the second well proves as productive as its first its s/p will be 500p+ . To put it in chronological terms Roly l feel EEL is at at the stage JKX was @ 40s and raring to go .. How say you ?? . What with its portfolio dominated by KNOWN productive sites in Nigeria -both off and onshore it will reach the heady highs of Cairns . Unless as my ex boss @ Pershing insists they will be taken out by a global player which he sees as part of thier intended business model.

Amities ...l ACTUALLY do put my posts in short paragraphs; but this t***t of a laptop reproduces the post in one big paragraph. l apologise....and am trying to rectify the prob ..@+ J Hurrah Another poster !!!

TFC

Why should we worry no one wishes to post.

The fewewr people knowing of this gem the better as far as I am concerned.

Too much rubbish seems to be posted IMHO and before we know where we are we shall have posters asking what the price will be in April/ July/ October. How we justify the figures etc. Calculations abound, based on what ? Wishful thinking in the main

Quietly accumulate is the order of the day.

Thanks for your posts, hope you sort out the spacing

Regards,

Predateur

Amities Predateur <> tu es francais ?. Bonne matins !..je espere tu es bien . What a morning !! An Excellent trading day !! EEL up a whopping 40p to 370 which was too much for my trading instincts so i sold 15,000 @ 370 in 2 tranches of 10,000 and 5000 BUT will retain my major holding . And looking at the way mms marked it down to 360 within 2 trades l am feeling quite chuffed with myself . l feel 330 shall be revisited and l will top up again . Sometimes this is all to easy .Other times it is deliciously f**** cruel . Well forget delicious- juste f*** cruel , Like females- fickle ...., bien amicalment @+ J

Jamie, done the same today with a few i had in a CFD @ 322 and sold @ 370,
I am now holding a few EME and ELP, won't have to wait long for news from those two, if ELP goes to high before any RNS i might go short on a few.

Equator Exploration Limited
19 January 2006


For Immediate Release 19 January 2006

EQUATOR EXPLORATION LIMITED
('Equator' or 'the Company')

Exercise of Warrants and Admission of New Shares for Trading on AIM

The Directors of Equator Exploration Limited (AIM: 'EEL', 'Equator' or the
'Company'), announce that 380,000 common shares have been issued at a price of
US$1.31 per share as a result of the exercise of warrants. Application has been
made for the new shares to be admitted to trading on AIM.
For further information please contact:

Wade Cherwayko, Chief Executive Officer

Amities / Big Oil constituient - Texaco-Chevron - spudded their first well well at the sao tome project of the coast of Nigeria today . Great things are expected from this KNOWN hydrocarbon acreage . Considering we at EEL possess the license nearby the geological data and results of the chevron well should give us an idea of what to expect when EEL commence their drilling programme shortly ............................But first things first . Preparation for EEL s second well in the Nigerian Delta is ready and if we can repeat the prolific results of the first { highly likely } then 5oop should be on the cards. Bonne chance ! Bought a few more today .Someone spent a cool 3m quids worth @ 333p ..Ordinary Joe ..Obviously feeling lucky ...lol hmmn. ... . ... @+ J.....

Amities / Up 20p , Seems like ordinary Joe knew what was coming . Upon Scrutinizing my "Alexanders " i realised EEL is sitting among some of the most expensive exploration acreage i have ever known -; Correspondingly such licensing cost awards s were among the most expensive i have ever known ; attracting virtually every single constitient of " Big Oil " ,,,,,,,,,,,,,,,Like Vog today EEL will verify what all those in the know already know , and that is that the swampy delta -ideal for oil to be formed under axionic/ euxinic conditions is their in great abundance ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, . The delta is well documented for hydrocarbon. ln 1959 when "deep" drilling was no more than 10,000ft a plethora of wells were found in the shallower waters { economically viable @ $22$ pbdoe . The lower resavoir was too deep as were the labyrinth of isolated columns whose payload is only NOW coming to be understood . . At the time oil was a mere few dollars p/b ; but now it is $68-35c for sweet West texas lntermediate / Brent at $66-30c ; and now is worth a kings ransom with drilling capabilities of almost 5km of drillstring . ( block 32 operated by BP off Angola } . ,,,,,,,,,,Hence the appearance of all the big players; supported by the millitary working under the Carter doctrine that energy must be protected AT ALL COSTS for the restless American market and to challenge it would be construed as an act of virtual war . . Not to mention China and lndia whose insatiable thirst for oil according to my calculations will equal last year no matter what those bafoons at OPEC , various Hedge funds ( who are actually SHORTING oil } and various analyists would have you believe ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Now with refineries paying nigh on $43.78c p/b and $9- 28 per mmbto- and this is working with refinery capacity bursting at 100% !! as the duplicity of damage caused to gulf states refineries which was played right comes to light , and not forgetting 3 refineries in the USA are due to be closed for maintanance this next month ......From such a vantage point EEl are sitting pretty surrounded by the best infrastructure laid down by Shell , Total ,Tex /Chev / BP and Elf . Best prospects to come at Sao Tome / Principe shelf . And what with the rotary count and shipping capacity rapidly constricting and new relacement floating production vessels not yet ready to be commissioned until 2007/ 8 coupled with an already depleted rotary count makes for a very rosy picture for EEL as LNG projects come onstream . .. EEL have unhedged gas & oil ! A company with little gearing ....with proven C1 reserves , and prospects all over ENG , Nigeria ( off coast and oncoast } and the horn of Africa ! - countries who have wells that yield in excess of100,000bpdoe ; and to whom America looks to increase its current production from 15% to 26% in the next ten years ,,,,,500p without effort ! ,,,,,....@+.......J......................................................................................................... ...

Amities / Roly you still on board ? or to busy spending your Vog profits A red Mark 4 BMW to colour cordinate your red Ferrari huh ? ,,lol ...Best regards @+ J

J,

Yes im still on board and topped up @ 350 & 322. But i sold JKX to soon @ 320 & 350, hoping to find another VOG with ELP,EME & CHP.

Equator Exploration Limited
07 February 2006



Immediate Release 7 February 2006

EQUATOR EXPLORATION LIMITED
CONFIRMS DISCOVERY OF MAJOR GAS & OIL RESERVOIRS:

800 BCF of Gas-in-Place
120 Million Barrels of Oil-in-Place
Oil Development Scheme Initiated
Drilling Continuing into Deeper Targets

LONDON, United Kingdom & LAGOS, Nigeria - 7 February 2006 - Peak Petroleum
Industries Nigeria Ltd. ('Peak') and Equator Exploration Ltd. (AIM: EEL.L)
('Equator') are pleased to provide this update on drilling activities on the
'B-DX1' well located on the OML 122 licence area, offshore Nigeria.

OML 122 is located 25-60 km offshore in water depths of 40-300 metres and covers
an area of 1,295 sq. km on the Western Niger Delta, east of Shell's giant Bonga
Field (estimated 1.4 billion barrels) on OML 118 and southwest of Shell's EA
Field on OML 79. B-DX1 is an exploratory-appraisal well on one of the
discoveries made by Deminex Oil in OML 122 in the 1970's. Their original well
tested an oil zone and encountered several gas zones.

Drilling results to date have confirmed the presence of hydrocarbon bearing
formations in a structurally higher position than in the discovery well. The 7'
liner is now installed with the shoe at 3061 metres BRT and the B-DX1 well is
drilling ahead at 3227 metres BRT. Wireline logging has confirmed predictions
made with reprocessed 3D seismic, with all the formations correlating between
the two wells. In the primary objective, a continuous hydrocarbon column, 455
gross feet in length, has been encountered at 2303 metres below sea level. Of
this, a 200 foot gas interval lies within the main gas sand identified by the
discovery well, confirming it as a major gas reservoir. This gas interval is
augmented by a second zone, 80 feet in length, in a deeper sand and lying above
an oil column, 70 feet in length. With a gravity of 40 degrees API and a low
gas-oil-ratio, the quality of the oil encountered is excellent. In a deeper
objective, which was water-bearing in the discovery well, a continuous gas
column of 265 feet has been encountered and logged at 2632 metres below sea
level.

From 3D seismic and wireline logging data, the total gas-in-place in the sands
encountered so far is preliminarily estimated at 800 billion cubic feet while
the oil-in-place is preliminarily estimated at 120 million barrels. All the
sands encountered in the well have excellent reservoir qualities.

Peak and Equator have commenced engineering work for development of the oil
reservoir by way of an FPSO based production system. Orders for selected
long-lead time equipment items have been placed. Negotiations for available FPSO
vessels have commenced. Subject to further engineering and reservoir evaluation,
it is anticipated that oil production could commence in the first half of 2007.
Equator is funding the cost of two wells in the field to earn a 40% economic
interest in the field area.

Operations on B-DX1 continue with drilling towards the third objective, deeper
potential hydrocarbon bearing sands that were also water-bearing in the
discovery well. After the logging of these zones, three to four selected
intervals will be tested.

The second well in the campaign will immediately follow the B-DX1 well and will
explore a promising, large structure south of B-DX1 well in a water depth of
135 metres. This structure, the Owanare prospect, is covered by 3D seismic data
acquired in 1999 and recently re-processed and interpreted by Peak, Equator and
their technical advisors.

The aim of the initial two wells being drilled by Peak/Equator is to prove-up
significant volumes of gas as potential supply for the numerous gas-utilisation
projects currently underway or in planning stages in Nigeria within close
proximity to OML 122. The secondary objective is to find commercial volumes of
oil and condensate on the block. Additional appraisal and development wells will
follow the drilling of the Owanare prospect.

Commenting on the B-DX1 well, Wade Cherwayko, Chief Executive Officer of
Equator, said:

'Peak and Equator are delighted that the B-DX1 well continues to exceed our
expectations. We have established the potential for a major gas development and,
in the shorter term, for a commercial crude oil development, which could be on
production in early 2007'.

For further information, contact:

Wade Cherwayko, Chief Executive Officer +44 (0)20 7235 2555
Philip Dimmock, Chief Operating Officer +44 (0)20 7235 2555
Bobby Morse/Ben Willey, Buchanan Communications +44 (0)20 7466 5000

Background information:

Equator Exploration Limited

Equator (
www.equatorexploration.com
) engages in the exploration and development
of oil and gas projects in the highly prospective waters of West Africa. Its
objective is to build a diversified portfolio of exploration, appraisal and
production assets in the region. The Company has exploration interests in the
territorial waters of Nigeria and of Sao Tome & Principe as well as in the
Joint Development Zone between the two countries. Equator is also currently
evaluating other exploration opportunities in West Africa.

good news today i think up 5% to start then a pullback,they seem to be saying better than exspected wire line log,or haVe i missed something here.

i have just topped up @351, end of week target 370 bid.

Amities Roly . ,,,Slt ! Solid RNS giving us clarification of the relavent facts so topped up myself today. ..Talking to a Shell petro geolist who spoke of the greater potential/minimal fiscal outlay of the second well at Owenare. And the beauty of it ?? The hydrocarbon column is believed to lie at a depth of a mere 135 metres !!! Thats no more than a few weeks drilling !!! With drilling offcoast rates at approx 100k per day thats important . Unlike Well No. BDX1 which has thus far exceeded 3000 metres; and will go deeper still as their is believed to be yet another petro system in place Owanware is a different prospect .... So news now will be both quick, and after observing MMs attitude towards EEL the s/p will rise even quicker ..Yesterday we merely saw a few profit takers take a little froth of the price . That was all. No-one likes to predict a companies future m/c or s/p. But after looking at the fundementals of a number of its peers EEL is well deserving of 400p + based on current levels . A similar strike @ Owanare: and then we are in j/v with big oil @ sao Tome and Principe ...ad a new Cairns is born !...,Bonne chance / a'bientot ...@+ J

Amities Roly ,,With my trading hat on if we can convincingly break through 350p very quickly i think we gain the momentum to exceed 380 tommorrow. ....The volatility is tremendous .lts like the hi tec boom days ..lol But safer ! .......Juste have this strange feeeling mms want a 310/350 price parameter , l hope i am wrong ,,,,,,@+ J

310 / 350 will be alright if you won't to trade these while waiting for 400+

Of the fact that EEL will reach 400p before April i have no doubts .lndependant assayers quite openly clarify the the oil sands @ BD X1 were of the very highest quality . 36.9% API .....Owanare will take very little time to mine with prospect at a mere 135m as ooposed to 3000m+ at BD X1 .....I am accumulating where i can @ 330- .......lf Owanware comes good. you wont see 400p again let alone 330 .....l think most of our current designs are on offshore FPV s but have you any opinion on the Niger Delta troubles ...Natives are breaking the pipes and re-directing the oil and the army have moved in big time . @+ J

Equator Exploration Limited
20 February 2006


For Immediate Release 20 February 2006

EQUATOR EXPLORATION LIMITED
US$250 Million Private Placement of Common Shares

LONDON, United Kingdom - 20 February 2006, Equator Exploration Ltd. (AIM: EEL.L)
('Equator') is pleased to announce that it has placed 41,050,900 new common
shares with institutional investors at a price per share of 350p (US$6.09) for
total proceeds of 143.7 million (US$250 million). The shares being issued will
be admitted to the London AIM exchange on or about 23 February 2006. Following
their issuance, the Company will have 174,878,090 million shares issued and
outstanding.

Commenting on the private placement of shares, Wade Cherwayko, Chief Executive
Officer of Equator said, 'We are pleased with the continuing support of our
existing shareholders and new investors. The funds raised will support the
company's aggressive exploration, appraisal and development drilling program for
2006 as well as the possible acquisition of additional exploration acreage.'

Equator Exploration Limited
01 March 2006


Immediate Release 1 March 2006


EQUATOR EXPLORATION LIMITED

TOTAL DEPTH REACHED ON B-DX1 WELL

Additional gas reservoir encountered
Flow testing programme to begin
Engineering for Oil Development continues
Drilling of large Owanare prospect (+3 TCF potential) to commence in March


LONDON, United Kingdom & LAGOS, Nigeria - 1 March 2006 - Peak Petroleum
Industries Nigeria Ltd. ('Peak') and Equator Exploration Ltd. (AIM: EEL.L)
('Equator') are pleased to announce that the 'B-DX1' well, located on the OML
122 licence area, offshore Nigeria, has reached total depth.


OML 122 is located 25-60 km offshore in water depths of 40-300 metres and covers
an area of 1,295 sq. km on the Western Niger Delta, east of the giant Bonga
Field (estimated 1.4 billion barrels) on OML 212 and southwest of EA Field on
OML 79. B-DX1 is an exploratory-appraisal well on one of the discoveries made in
OML 122 in the 1970's.


The B-DX1 well has reached total depth at 3545 metres (BRT). High pressure gas
has been encountered in an additional and deeper zone than those previously
penetrated and announced. Influx of gas has prevented the logging of this zone.
As the well was not designed to cope with the high pressures (i.e. > 8000 psi,)
this deeper zone has been plugged without testing. However, it has been shown
that hydrocarbons do exist in the deeper horizons. The zone will be fully
evaluated in a later well, specifically designed to handle the high pressures.


From 3D seismic and wireline logging data, the independent technical advisers of
Peak and Equator estimate the total gas-in-place in the sands evaluated as 900
billion cubic feet. With the addition of the high pressure gas zone, it is
anticipated that gas-in-place in the discovery will reach the Peak/Equator Joint
Operating Team target of 1 TCF. Subject to further drilling, the oil-in-place is
preliminarily estimated at 130 million barrels. All the reservoir sands and the
crude oil, with a gravity of 40 degrees API, exhibit excellent qualities.
Operations continue on the B-DX1 well with extensive production flow testing of
the oil rim and of the main gas reservoir.


Peak and Equator continue engineering work on a scheme for developing the oil
reservoir based on sub-sea horizontal wells and a floating processing, storage
and offtake system (FPSO). Orders for long-lead time equipment are being placed
and negotiations for a suitable FPSO continue. Subject to further engineering,
reservoir evaluation and drilling, it is anticipated that oil production could
commence in the first half of 2007. Equator is funding the cost of two wells in
the field to earn a 40% economic interest in the field area.


The second well in the OML 122 drilling campaign will immediately follow the
B-DX1 well in mid-March and will explore a promising, large structure south of
B-DX1 in a water depth of 135 metres. This structure, the Owanare prospect, is
covered by 3D seismic data acquired in 1999 and recently re-processed and
interpreted by Peak, Equator and their technical advisors. It is a large
structure with the potential for 3+ TCF of gas-in-place.


The aim of the initial two wells being drilled by Peak/Equator is to prove-up
significant volumes of gas as potential supply for the numerous gas-utilisation
projects currently underway or in planning stages in Nigeria within close
proximity to OML 122. The secondary objective is to find commercial volumes of
oil and condensate on the block. Additional appraisal and development wells will
follow the drilling of the Owanare prospect.



Commenting on the B-DX1 well, Wade Cherwayko, Chief Executive Officer of
Equator, said:


'Peak and Equator look forward to the testing of the gas and oil reservoirs that
have been established by the B-DX1 appraisal well. Our target figure for gas
reserves has been achieved and good progress is being made for a commercial
crude oil development, which could be on production in early 2007. We look
forward to the spudding our second well on Block OML 122 in mid-March to test
the very large (+3 TCF) Owanare exploration prospect.'

EEL Tipped in Share Mag, can someone post a summary ?

New Chances to get Oil Rich - 10 Terrific Prospects:
*Meridian - Egdon Resources (LSE: EDR.L - news) - Global Energy (GENG.OB - news) - Equator Exploration (LSE: EEL.L - news) - Chaco Resources (LSE: CHP.L - news) - JKX Oil & Gas (LSE: JKX.L - news) - Victoria Oil & Gas (LSE: VOG.L - news) - Cambrian Oil and Gas - Aminex (Dublin: DOP.IR - news) - Max Petroleum (LSE: MXP.L - news) .

Hi aldwickk,
The article said EEL had raised 143m to fund a busy year of exploration at its discovery off the coast of Nigeria which could turn out to be a significant find in an area that produces about 10% of the world's oil. Cash will also fund 4 new wells offshore Nigeria, plus the Sao Tome & Principe prospects in the Gulf of Guinea, plus other new licences. Talks over a production sharing agreement at Sao Tome have already started with the Guinea gov't. Finallly summarises by saying it's a high risk strategy, but if it comes off the payback to investors will be large and rapid.
Hope this helps.
LL

Amities !!! Reg RNS .... Roly .......Our acorn is rapidly sprouting shoots !!! Bingo !!!!!! ,,,,,J @+

J,

Did you top up yesterday ? i did @ 325, i bet that EEL is your 2nd largest stock.

9 March 2006


EQUATOR EXPLORATION LIMITED

PRODUCTION FLOW TEST RESULTS FROM B-DX1 WELL

Flow testing programme confirms excellent reservoir
Engineering for Oil Development continues
Drilling of large Owanare prospect (+3 TCF potential) to commence in
March


LONDON, United Kingdom & LAGOS, Nigeria - 9 March 2006 - Peak Petroleum
Industries Nigeria Ltd. ('Peak') and Equator Exploration Ltd. (AIM: EEL.L)
('Equator') are pleased to announce the results from production flow tests on
the oil reservoir encountered by the 'B-DX1' well, located on OML 122, offshore
Nigeria.


The OML 122 licence area is located 25-60 km offshore in water depths of 40-300
metres and covers an area of 1,295 sq. km on the Western Niger Delta, east of
the giant Bonga Field (estimated 1.4 billion barrels) on OML 218 and southwest
of EA Field on OML 79. B-DX1 is an exploratory-appraisal well on one of the
discoveries made in OML 122 in the 1970's.


Extensive production flow testing of two selected perforated intervals of the
oil reservoir is now complete. The well was tested for three time periods - a
clean up period, a Main Flow Test and a Max Flow Test. The Main Flow Test lasted
for twelve hours and was designed to gather reservoir information and
representative hydrocarbon samples. A stabilised flow of 3,990 bopd was achieved
on a 36/64' choke. The well head flowing pressure was 1,342 psig, the gas-oil
ratio was 663 scf/bbl and the field measurement of oil gravity was 39.2 degrees
API.


After a 24 hour shut-in period, the well was re-opened for the Max Flow Test,
which lasted for 31/2 hours and was designed to measure the highest rate that
could be achieved within the constraint of the maximum heat that could be borne
by the rig. The rate achieved was 7,188 bopd on 64/64' choke. The well head
flowing pressure was 721 psig, the gas-oil ratio was 611 scf/bbl and the field
measurement of oil gravity was 38.8 degrees API. There was no water or sand
production other than a trace of fine particles.


Subject to further drilling, the technical advisers to Equator estimate the
oil-in-place to be 130 million barrels. Peak and Equator continue engineering
work on a scheme for developing the oil reservoir based on sub-sea horizontal
wells and a floating processing, storage and offtake system (FPSO). Orders for
long-lead time equipment are being placed and negotiations for a suitable FPSO
continue. Subject to further engineering, reservoir evaluation and drilling, it
is anticipated that oil production could commence in the first half of 2007.
Equator is funding the cost of two wells in the field to earn a 40% economic
interest in the field area.


Operations continue on the B-DX1 well with the plugging back of the oil zone and
then extensive production flow testing of the main gas reservoir. The technical
advisers to Equator have estimated the total gas-in-place in the evaluated zones
to be 900 billion standard cubic feet, not counting the deep gas zone penetrated
but not evaluated because of its high pressure.


The second well in the OML 122 drilling campaign will immediately follow the
B-DX1 well in mid-March and will explore a promising, large structure south of
B-DX1 in a water depth of 135 metres. This structure, the Owanare prospect, is
covered by 3D seismic data acquired in 1999 and recently re-processed and
interpreted by Peak, Equator and their technical advisors. It is a large
structure with the potential for 3+ TCF of gas-in-place.


The aim of the initial two wells being drilled by Peak/Equator is to prove-up
significant volumes of gas as potential supply for the numerous gas-utilisation
projects currently underway or in planning stages in Nigeria within close
proximity to OML 122. A secondary objective is to find commercial volumes of oil
and condensate on the block. Additional appraisal and development wells will
follow the drilling of the Owanare prospect.

Commenting on the testing results, Wade Cherwayko, Chief Executive Officer of
Equator, said:


'The tests have confirmed the excellent quality of both the oil reservoir
and the crude oil. We will press on with the development of this reservoir
and look forward to seeing the results of the test on the main gas
reservoir.'


For further information, contact:

Wade Cherwayko, Chief Executive Officer +44 (0)20 7235 2555
Philip Dimmock, Chief Operating Officer +44 (0)20 7235 2555
Bobby Morse /Ben Willey, Buchanan Communications +44 (0)20 7466 5000


Background information:


Equator Exploration Limited


Equator (
www.equatorexploration.com
) engages in the exploration and development
of oil and gas projects in the highly prospective waters of West Africa. Its
objective is to build a diversified portfolio of exploration, appraisal and
production assets in the region. The Company has exploration interests in the
territorial waters of Nigeria and of Sao Tome & Principe as well as in the Joint
Development Zone between the two countries. Equator is also currently evaluating
other exploration opportunities in West Africa.



This information is provided by RNS
The company news service from the London Stock Exchange

whats up with these - market think they are high enough?

Equator Exploration, (EEL) has till now been just a great hope confirmed by more
than the doubling of the share price from 156p to 332p, since we began coverage
nearly eight months ago. Today that hope was turned into positive satisfaction with evidence of a really attractive deep water oil strike from a 130m barrel reservoir flowing naturally at a high 3,990 bopd. The gas reserves are even greater..

Share price performance
Despite a spate of positive announcements since the mid-Jan high of 367p the SP has succumbed to six weeks of counterintuitive profit-taking. Today opening at 332p, up 18p on last night's close in response to the rattling good RNS, the profit taking continued amazingly until mid morning, when the shares were available at 310p for a whole hour.

The Bulls then returned diffidently, still in a minority, but the market makers pushed the price up ahead of them in three successive waves back to the raised opening level. The share price trend rate of growth is a high 216%/pa, and the share price is still well down in the oversold area of the graph. Our target at the top of the trend channel is 450p by early Summer.

http://lemminginvestor.com/NewsHubs.html

Anyone interested in Lemming Investor.com`s inaugural feature, drop me a line at elric@lemminginvestor.com

As long as it is not republished on the BB`s, you are welcome.

Cheers, elrico.

Feel free to republish anything on this thread. Well what a difference a day makes , down to 310 offer yesterday today up to 377 + bid.

..Amities Roly ...!!!!.We are on our way Roly. up 44p today ... lm selling a third of my holding- only to finance a consideration in a chunk of Gazpom } leaving me a healthy 370,000 to reach fruition in summer .......A great start to the week with GFM ; and a better one to end it with EEL to wind it all up !! Yet the best in both is yet to come . bonne chance ,,a/b @+ J ...... ln addition Roly the second well @ Owanare is believed to be bigger than BDX1 ...Talk of 3tcm of gas in place and an even vaster petroleum system/ resavoir ready for the taking .. The ace in the pack is that it is believed to be less than 50m below surface !!!! ....Spoke to CEO this morning who is nothing but "utterly delighted with the sheer quality of the SWEET oil " " and spoke of SEVERAL sites which satallite/ magnetic graphic imaging and 2d / 3d seismic suggests even greater pickings . ...........hence mms sudden mark up. They are not being caught with thier trousers down a third time lol .......Chaco, with its probable " sour crude ", ( as becomes this part of the globe ) can stick to thier eating crumbs of bread - mere droppings from the table .We will stick to cake . !!!!! .Chateau Latour Roly ??..@+ J ........................................................................................................................l dont usually gloat; but i am not being insulted by a bunch of amateurs posing as Warren Buffets . ...Objective criticism is one thing ; personal slurs and insults are quite another. !.........lm offering evens that BP or "Big oil " will clean up in Latin America . Governments want to deal with PROVEN oil companies with vast resources and overspilling coffers of gold and not a piss ant company with a bit of spare change . lf Chaco can EVEN book a rig in this current environment what with such a dearth ,then haul it to virgin land in the middle of nowhere that will be an acievement in itself ,,,,The Rotary count/ workovers is running on "FULL CAPACITY . And finally CHP have monies for no more than than 40 days drilling. And what with all prereqiusite infrastructures yet to even be built this CHP is a another fairy story which will be nothing but a "waiting game " interspersed by placing after placing .........Besides that - Good Luck to you all ,,,,@+ J

http://www.kbcpeelhunt.com/pdfs/mmeetings/pmmeeting10Mar06.pdf

13 March 2006


EQUATOR EXPLORATION LIMITED

('Equator' or 'the Company')


Equator - Awarded 30% Interest in Deepwater Blocks OPL 323 & OPL 321

of Nigeria 2005 Licensing Round


Awarded 30% Interest in the highly prospective OPL 323 & OPL 321 Blocks
Most sought after Blocks in the Nigeria 2005 Licensing Round
Seven large prospects identified on the Blocks


LONDON, United Kingdom & LAGOS, Nigeria - 9 January 2006 - Following a signing
of Production Sharing Contracts ('PSCs') on Thursday, 9th March 2006, Equator
(AIM: EEL.L) is pleased to announce that it has been awarded a 30% interest in
blocks OPL 323 and OPL 321, offshore Nigeria. The Korean National Oil
Corporation ('KNOC') was awarded a 60% interest in the blocks. The balance of
10% was awarded to local Nigerian companies.


Details on OPL 323


In water depths of between 1,300 m and 2,000 m, six large structures have been
identified by interpretation of a regional 3D seismic survey covering the block,
acquired by Petroleum Geo-Services ('PGS'). Estimated risked recoverable
reserves are in excess of 2 billion barrels across six large prospects as
estimated by Equators technical advisors, Horizon Energy Partners ('Horizon').
Five of the six prospects are supported by amplitude anomalies and the block is
located in an area with access to source rocks and abundant reservoir sands.
OPL 323, which is 80 kms offshore the Southwest Coast of Nigeria, is adjacent to
the large Abo field in OML 125 to the east, operated by Agip. ExxonMobil's Bosi
and Ehra discoveries in OPL 209 are located to the immediate south of the block
with seismic interpretations suggestive that several prospects extend onto this
adjacent block from OPL 323. Erha, scheduled to go on line in 2006, has liquid
reserves reported to be in excess of 500mmbo recoverable (Exxon, 2006). Peak
production at Erha is forecasted to be 150,000 BOPD, with another 40,000 bopd
forecasted with Erha North. Bosi, the second field development on OPL 209, is
forecasted to have an initial production capacity of 120,000 BOPD.



Details on OPL 321


OPL 321 is contiguous with and to the west of OPL 323. The block lies on trend
with block OPL 322 to the south, where Shell's recent discovery well Bobo-1
encountered a significant column of hydrocarbons. Initial assessment of the
prospectivity of the block, indicates the presence of one very large prospect,
which could contain in excess of 2.0 billion barrels as estimated by Horizon.


Commenting on the prospectivity of Blocks OPL 323 and 321, Mr. Wade Cherwayko,
Chief Executive Office of Equator, said:


'Our recent geologic and geophysical work and the industry's well results in
the adjacent blocks indicate that the oil footprint of the region continues
expanding westward. The position of OPL 323 and 321, their proximity to the
Shell Bobo discovery, Esso's 'strategic Hub' in the adjacent fields on OPL 209
Erha-Bosi with peak flow rates anticipated by Exxon in excess of 300,000 BOPD,
and the continued growth of ENI's Abo Complex to the north, suggests that
multiple, active hydrocarbon systems are present near, and potentially on these
exploration blocks. These two blocks are in the most prospective and exciting
deepwater exploration play in West Africa today'


Sir Sam Jonah, Chairman of Equator, added:


'OPL 323 and OPL 321 are widely regarded as the two most highly sought after
blocks in Nigerian deepwater today. It is unprecedented for a company of our
size to be involved in such prospective deepwater exploration acreage and we
look forward to working closely with KNOC and our other partners in exploring
and hopefully developing these exciting oil and gas exploration projects.'

Test Results Indicate 130 Million Barrel Discovery For Equator In The Niger Delta
After the problems encountered by some of its AIM-quoted peers in West Africa, it is refreshing to report that Equator Explorations B-DX1 well offshore Nigeria has confirmed a substantial oil find. The AIM-quoted junior and its local partner Peak Petroleum have already started work to get this deposit onstream in the first half of 2007.

The discovery lies in OML 122 some 25-60 km offshore in the Western Niger Delta, surrounded by multi-million barrel discoveries. Peak won the acreage in 1993 as part of an initiative by the Nigerian government to develop an indigenous upstream industry. The partnership between Peak and Equator could be one of the first successes of that policy.

B-DX1 is a follow-up to the Bilabri-1 discovery hole, drilled in the 1970s by Deminex Oil. That well encountered an oil zone and several gas zones. The pre-drill estimates on the structure were put at 25-45 million barrels of oil in place and 1.2 trillion cubic feet of gas in place.

Those numbers have been blown out of water by a series of production tests on two perforated oil zones. A 12-hour main flow test produced at a rate of almost 4,000 barrels per day of 39.2-degree API oil. A maximum flow test, designed to push the well to the design capacity of the rig equipment, flowed over 7,000 bpd. Drawing on these results, Equators technical advisors reckon the deposit could hold 130 million barrels of oil in place.

The company is now plugging back the oil zones and an extensive test on the gas reservoir is planned. The company thinks the total gas in place reserves could be 900 billion cubic feet of gas not counting the deeper gas zones penetrated by the well but not evaluated by because of the high downhole pressures.

Equator and Peak have already set to work on development plans for the oil pool. They have placed orders for long-lead time equipment and started negotiations for available FPSO vessels, with a view to first oil during the first half of 2007. Mirroring the Opec countrys own hydrocarbon history, Equator and Peak plan to get the oil out first before tackling the holes gas resources.

The development of the gas reserves will come later and will be produced through a jacket platform. At this point the companies hope to have proved up more gas on the block, which they plan to sell into the gas utilisation projects underway in the region. After decades of flaring off gas as an unwanted by-product of lucrative oil production, Nigeria is now seeking to monetise its vast gas resources and a number of oil majors have responded with multi-billion dollar investments in LNG plants and gas-fired power stations.

Those additional reserves in OML 122 could well be found with the partners next well, which will test the Owanare prospect. Owanare lies about 14 km south of Bilabri-1 and could hold 3 tcf of gas. This well will complete Equators farm-in obligations, earning the AIM firm a 40 per cent stake in the 1,295 sq km block.

EQUATOR EXPLORATION LIMITED
('Equator')


Holding in Equator


The Company was notified on 13 March 2006 by L-R Managers, LLC that it has a
notifiable interest in Equator through two funds, namely L-R Global Partners
L.P. and L-R Global Fund Ltd. (together 'L-R Managers, LLC'). L-R Managers, LLC
now hold in aggregate 5,806,800 shares equating to 3.32% of the issued share
capital of Equator.

Wrong company

Equator Exploration Limited
17 March 2006


For Immediate Release 17 March 2006



EQUATOR EXPLORATION LIMITED

(Equator, or 'the Company')

Equator Acquires Interest In Block 2 Of Nigeria-Sao Tome Joint Development
Zone ('JDZ')


Highly Prospective Block 2 has one - two billion barrel reserve potential

JDZ Block 2 is adjacent to Nigerian Block OML 130 which hosts the 700
million barrel Akpo discovery and other discoveries with an additional 500
million barrels and several TCF of gas


LONDON, United Kingdom & LAGOS, Nigeria - 17 March 2006 - Equator is pleased to
announce that it has together with its co-venturers signed a Production Sharing
Contract with the Nigeria/Sao Tome and Principe Joint Development Authority
('JDA'). A 15% interest in the highly sought after JDZ Block 2 of the Joint
Development Zone has been awarded to Equator and its joint bidding partner ONGC
Videsh Limited ('OVL').


Based on a 3D seismic survey funded and acquired by Petroleum Geo-Services
('PGS') and Equator in 2003, the block has estimated recoverable reserves of 1
billion barrels. JDZ Block 2 is adjacent to Nigerian Block OML 130 which hosts
the 700 million barrel Akpo field and another series of discoveries totalling an
additional 500 million barrels and several TCF of gas. Other stakeholders in
the block include the consortium of Sinopec, ERHC Energy and Addax Petroleum,
who together have 65% with Sinopec acting as operator of the block. In
addition, Nigerian firms A & Hatman (10%), MoMo Petroleum (5%) and Foby
Engineering (5%) were allocated interests in JDZ Block 2.


Under terms of the JDZ joint bidding agreement between Equator and OVL ('the OVL
/Equator Venture'), any allocations will be shared on a 60%-OVL and 40%-Equator
basis. This results in a net 6% participation in the block for Equator. The
signing bonus for JDZ Block 2 is US$71 million. Equator's share of the signing
bonus is US$4.26 million which will be funded from Equator's existing cash
reserves.


Mr. Wade Cherwayko, CEO of Equator stated 'We are pleased to be among the small
number of companies worldwide to be awarded participation in a block in this
highly prospective deep water exploration play offshore Nigeria and Sao Tome.
The allocation further expands Equator's portfolio of high potential exploration
acreage in the Gulf of Guinea, the world's premier deep water basin.'


The JDZ was created through an agreement between the governments of Nigeria and
Sao Tome and Principe in 2001 whereby revenues derived from the JDZ will be
shared 60:40 between these governments respectively. The JDZ is governed by the
JDA who also signed Blocks 3 and 4 this week. Block 3 was allocated to Anadarko
(51%) who was designated as operator. Other participants in Block 3 are ERHC,
Addax and several Nigerian firms. Block 4 was allocated to a consortium led by
ERHC and Addax, who together have 60% and operatorship. The additional equity in
Block 4 was allocated to Nigerian firms and Hercules, a company partnered with
Canadian-based Centurion Energy. JDZ Block 1 was signed in early 2005 to a
consortium which comprised ChevronTexaco, ExxonMobil and Dangote Energy Equity
Resources, for a signature bonus of US$123 million. Drilling of the first well
in JDZ Block 1 is currently underway.



For further information, contact:

Wade Cherwayko, Chief Executive Officer 020 7235 2555
Philip Dimmock, Chief Operating Officer 020 7235 2555
Bobby Morse / Ben Willey, Buchanan Communications 020 7466 5000


Background information:


Equator Exploration Limited

Equator (
www.equatorexploration.com
) engages in the exploration and development
of oil and gas projects in the highly prospective waters of West Africa. Its
objective is to build a diversified portfolio of exploration, appraisal and
production assets in the region. The Company has exploration interests in the
territorial waters of Nigeria and of Sao Tome & Principe as well as in the
Joint Development Zone between the two countries. Equator is also currently
evaluating other exploration opportunities in West Africa.

Amities !!!...Slt Roly ......This is the third time EEL have traded less than 100 ,000 shares and the s/p has lost almost 10% !!!.... Yet the big boys are buying . l think those trades @ the 330/ 340 level today will prove most shrewd . MMs took EEL as low as 310 the last time they shook the trees ; and we still ended the week at 370 . Time after time that has happened to enable mms to balance their book . . This time the support level seems to be nearer 330 as as i write it has gained 10 points,. At one point mms shed the s.p of 5 points on a single 1000 "sell" .......,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Never say Never Roly but i personally think EEL has got itself well familiarized with "Big Oil " on a side wind .They have the right connections within govt due to their CEO. and they are well liked in the city . and what speaks volumes is that on thier very FIRST well they deliver the goods with a few trillions scuffs of gas and up to 130 mb of low sulphur sweet oil .,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Thier presentation left one with the feeling that this is an aggresively, well managed "hands on " company, with both direction and logistics second to none .ln other words . They execute thier plans rather than get sidetracked .A board and senior management all culled from "Big Oil " And a healthy cash flow and balances via other fiscal instruments . lts drilling acreage s are located right smack in the middle of the massive fields run by Tex/Chev, Mob/Exxon , BP , Total-Elf ,and all the other big players . Lets put it this way >...Such is the expectancy of these projects that the cost of the drilling license alone in this zone dwarves the entire market caps of several Chacos or those of tha ilk . eg ,,Pure exploration players rather than Expo/Producers ....These projects in the delta and in Sao Tome are truly massive by TODAYS standards . Looking ahead from a trading view i think 330 is support . 375 -resistance . ...... The momentum of this stock is such that i personally believe 400p could be on the cards within a few days . ,,,@+ @ .....

24 March 2006


EQUATOR EXPLORATION LIMITED

OPERATIONS COMPLETED ON B-DX1 WELL

Well indicates gas-in-place of nearly 1 TCF and oil-in-place of 130
million barrels
Flow testing programme confirms excellent reservoir properties
Oil reservoir flowed at 7188 bopd, main gas reservoir flowed at 26 mmscf/d
Engineering for Oil Development continues
Drilling of large Owanare prospect (+3 TCF potential) about to commence


LONDON, United Kingdom & LAGOS, Nigeria - 24 March 2006 - Peak Petroleum
Industries Nigeria Ltd. ('Peak') and Equator Exploration Ltd. (AIM: EEL.L)
('Equator') are pleased to announce the completion of operations with successful
production flow tests on the 'B-DX1' well, located on OML 122, offshore Nigeria.

The OML 122 licence area is located 25-60 km offshore in water depths of 40-300
metres and covers an area of 1,295 sq. km on the Western Niger Delta, east of
the giant Bonga Field (estimated 1.4 billion barrels) on OML 218 and southwest
of EA Field on OML 79. B-DX1 is an exploratory-appraisal well on one of the
discoveries made in OML 122 in the 1970's.

Extensive production flow testing of a selected perforated interval (2314-24
metres sub-sea) in the main gas reservoir is now complete. After a clean-up
period and a multi-flow test, the well was flowed for 12 hours on a 56/64'
choke. A stabilised rate of 26.5 mmscf/d was achieved with a well head flowing
pressure of 1682 psig. The condensate-to-gas ratio was 18.0 stb/mmscf and the
field measurements of gas gravity and condensate gravity were 0.615 and 51.8
degrees API respectively. The final bs&w was 3.0%.

As previously reported, the oil reservoir below this gas zone has been tested
from selected perforated intervals (2400-03, 2407-09 metres sub-sea) at a rate
of 7,188 bopd on 64/64' choke. The well head flowing pressure was 721 psig, the
gas-oil ratio was 663 scf/bbl and the field measurement of oil gravity was 38.8
degrees API. There was no water or sand production other than a trace of fine
particles.

Subject to further drilling, the independent technical advisers to Equator,
Horizon Energy Partners BV ('Horizon'), estimate the oil-in-place to be 130
million barrels. They estimate the total gas-in-place in the zones that could be
evaluated to be 900 billion standard cubic feet, not including the deep gas zone
penetrated but not evaluated because of its high pressure. Production testing
and wireline logging information indicate that all of the reservoir horizons,
which are located in the paralic sequence in the Agbada Formation, have
excellent properties.

Peak and Equator continue engineering work on a scheme for the immediate
development of the oil reservoir based on sub-sea horizontal wells and a
floating processing, storage and offloading system (FPSO). Orders for long-lead
time equipment are being placed and negotiations for a suitable FPSO continue.
Subject to further engineering, reservoir evaluation and drilling, it is
anticipated that oil production could commence in the first half of 2007.
Equator is funding the cost of two wells in the field to earn a 40% economic
interest in the field area.

The B-DX1 well has been suspended for later oil production service and the rig
is now being moved 18 miles to the south to the second location in the OML 122
drilling campaign. In the next few days it will spud Owanare AX1 on the large
and promising Owanare prospect, which lies in a water depth of 135 metres. The
3D seismic data covering the prospect has been re-processed and interpreted by
Peak, Equator and its independent technical advisors, Horizon, indicating that
Owanare has undiscovered gas-in-place in excess of 3 TCF.

The aim of the initial two wells being drilled by Peak/Equator is to prove-up
significant volumes of gas as potential supply for the numerous gas-utilisation
projects currently underway or in planning stages in Nigeria within close
proximity to OML 122. A secondary objective is to find commercial volumes of oil
and condensate on the block. Additional appraisal and development wells will
follow the drilling of the Owanare prospect.

Commenting on the results of B-DX1, Wade Cherwayko, Chief Executive Officer of
Equator, said:

'The production tests have proved the quality of the oil and all of the gas
reservoirs in the B-DX1 discovery. We can expect very productive development
wells. We press on with the early development of the oil reservoir and the
monetisation of the gas reservoirs, while looking forward to the exploration of
the first class Owanare prospect.'

This Press release has been approved for issue by Keith Smith for the Nomad,
Nabarro Wells, and for Equator by Philip Dimmock, Chief Operating Officer.

For further information, contact:

Wade Cherwayko, Chief Executive Officer +44 (0)20 7235 2555
Philip Dimmock, Chief Operating Officer +44 (0)20 7235 2555
Bobby Morse /Ben Willey, Buchanan Communications +44 (0)20 7466 5000

Background information:

Equator Exploration Limited

A good day for EEL moving closer to 400p

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time

Looks like it is going to be some time before news breaks in the GOG, recent meets
with the chinos/yanks and nigerian head honchos Obas/georgie/jintao leads me to believe that we have one mother of a find, looks like its time to remorgage the house break into the kids piggy banks, sell the wife and use the proceeds to load up with EEL,AFR or any other co witha a share in the spoils......

02.05.2006
Equator Awaits Initial Results From The Owanare Test Well And Enters The Land Of The Giants In Nigeria
Investors are now into a seven-day countdown to the initial results from Equator Explorations well on the possible 3 trillion cubic feet Owanare prospect in the Western Niger Delta offshore Nigeria. The Owanare-X1 well in licence area OML 122 spudded in March and has encountered some operational delays on its way down but results are now due within the next week. This well will complete Equators farm-in obligations, earning the AIM firm a 40 per cent stake in the 1,295 sq km block.

Equator and its local partner Peak Petroleum are hoping to prove up significant volumes of gas, which they would then hope to sell into the gas utilization projects now being planned in the region. After decades of flaring off gas as an unwanted by-product of lucrative oil production, the OPEC country is now seeking to monetise its vast gas resources. A number of oil majors have responded with multi-billion dollar investments in LNG plants and gas-fired power stations.

Owanare is part of Equators two-prong strategy for OML 122: to secure near-term oil production and cash flows from the Bilabri field, which it hopes to have onstream in the first half of next year, and, longer term, to find substantial gas reserves to feed into Nigerias growing gas industry.

This is a strategy that can be replicated across Nigeria, an OPEC country whose gas reserves dwarf its better known stocks of black crude. Equator has already expanded its position in the country. In March it was awarded a 30 per cent interest in offshore blocks OPL 323 and OPL 321 along with the Korean National Oil Corporation (60 per cent) and a number of local Nigerian companies.

OPL 323 is a deepwater block some 80 km of the southwest coast. This is a promising geological address: the block lies next door to Agips large Abo field in OML 125 to the east while ExxonMobil's Bosi and Ehra discoveries in OPL 209 lie to the immediate south. It is thought some of these super structures extend into OPL 323. Six large structures have been identified on the 3D seismic, which Equators technical advisors Horizon Energy Partners reckon have the potential to hold more than 2 billion barrels of recoverable reserves.

OPL 321 lies immediately to the west of OPL 323 and is on trend with OPL 322 where Shell recently made the Bobo-1 discovery. Equator has identified one very large prospect on the block, which Horizon says could hold more than 2 billion barrels.

This is a move that, as evident from its new deepwater neighbours, takes Equator into the land of the giants. Chief executive Wade Cherwayko said the two blocks are in the most prospective and exciting deepwater exploration play in West Africa today. Chairman Sir Sam Jonah said it was unprecedented for a company of Equators size to be involved in such prospective deepwater exploration acreage.

Our recent geologic and geophysical work and the industry's well results in the adjacent blocks indicate that the oil footprint of the region continues expanding westward, added Cherwayko. The position of OPL 323 and 321, their proximity to the Shell Bobo discovery, Esso's 'strategic hub' in the adjacent fields on OPL 209 Erha-Bosi with peak flow rates anticipated by Exxon in excess of 300,000 barrels per day, and the continued growth of ENI's Abo complex to the north, suggests that multiple, active hydrocarbon systems are present near, and potentially on these exploration blocks.

This is not Equators first foray into deepwater elephant-hunting territory. Following last months acquisition of the interests held by Nigerian E&P company Hatman, Equator now holds 9 per cent of Block 2 in the Joint Development Zone (JDZ) between Nigeria and S Tom& Principe. The JDZ lies some 200 km offshore Nigeria and was established in 2001 following the ratification of a bilateral treaty between Nigeria and the island nation of S Tom& Principe. The JDZ is administered by the JDA and revenues from the JDZ will be shared 60:40 between the governments of Nigeria and S Tom& Principe respectively.

The JDZ has attracted some of the biggest names in the West African oil industry - with signature bonuses to match. The signing bonus on Block 2 was US$71 million and Equator will fund its share, US$4.26 million, from existing cash reserves. JDZ Block 1, for example, was signed in early 2005 to a consortium of ChevronTexaco, ExxonMobil and Dangote Energy Equity Resources for a signature bonus of US$123 million. Drilling of the first well in JDZ Block 1 is currently underway.

JDZ Block 2 is adjacent to Block OML 130 in Nigerian waters, which hosts the 700 million barrel and 2.5 tcf Akpo field, due onstream in 2008 at rates of 175,000 bpd, not to mention a series of discoveries that amount to an additional 500 million barrels and several tcf of gas. Block 2 isnt as exciting as Block 1, which lies directly south of the giant Akpo field. About half of Block 2 lies on the same trend as Block 1 but the other half lies in the more geologically complex frontal toe thrust zone. Even so, this project has real company-making potential and is quite a coup for a company of Equators size (although investors looking for exposure to the JDZ may well be tempted by fellow AIM explorer Afren plc, which has a small stake in Block 1).

Confess I have no time at all for ADVFN ..... too much rubbish and bad tempered sniping for me ...... aldwickk - hope you gor 240 and not 140 for your VOG; for myself, I am very heavily into that one and am happy to be so ...... Would not be averse to putting some money into either EEL or AFR (which would be your fave?), but have not checked either out

with a major announcement due from EEL within the next 7 days (or so), how big a gamble is a punt today? ....... SP is about 60p off its peak and has drifted a little lower again today ...... I know DYOR and all that stuff, and will try to find the time, but what is the view of others?

Cynic,

Hope you didn't buy yesterday, bid price as touched 307p today and people are still selling.

no i didn't, and price is off quite significantly again ...... clearly a lot of frothy money taking their profits or, now the price has fallen back, being badly squeezed ..... still not had time to research properly, but unless i am much mistaken, yesterday's annoncment was all extremenly positive ...... a trend line looking back over the last 1/3 months may give a clue as to "value"

unless there is a bounce bringing the price above about 263, and holding there, then this looks a share to avoid ...... price has now dropped significantly and precipitately and especially below 200 DMA.

Now go the AFR thread

Well there is the bounce, looks like bit of MM manipulation and shorting been going on, hope thats us inon an upward trend once more......

Hold your breath time if you are a holder ...... Shares closed at 265 which is just about spot-on 200 DMA ...... Only down from about 300 today!

and i am such a greedy bastard that i have taken a punt this morning, being lucky enough (I hope!) to buy at 261 ..... Greed rather than logic tells me that perhaps the fall is overdone and that at the least there should be a dead cat bounce back to an arbitrary but convenient 300 ...... God will probably punish me!

Nice punt Cynic . The fall was manifestly massively overdone . l have a substantial core holding ; but it didnt stop me from having a wee punt {CFDs } on EEL yesterday @ the sub 200 day m/a level . Sold at 290 level today ,,,,Love banking unexpected beeeeg profits on Fridays. .Makes my weekends more drink sodden and my Sundays more sedate ,,hehe ,,,,and brings a spring to my step on Mondays on journey to work ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, . Anyway Cynic , 261 was a nice price to lock into ! .....Hope you bought a shedful and sold today at 291/292 .....But in saying that i am convinced EEL will be back to its trading parameter of 320/380 within the timing of a T+10 or 15 trade. ....Wait and see ......a'bientot et faires attention .@+ J... ........................................................................................................ Branleur ??? ...Not a word you will find in your old school French dictionary ....l,ll give u a clue ,,, .lt rhymes with the very instrument in which oil is transported for the main part ,,,hehe .But it was but a mere joke ! .

Pipes are also a musical instument, or it could be types rhyming with pipes.

JON .... trust you mean 3.80 and not 1.80!!!

ADWICKK ...... pay not attention; it was just a little laugh at my expense on the basis that I might be trying to ramp the shares ..... branleur is derived from the se mettre en branle = to put in motion

Aldwickk, I think we're talking about a type of maritime vessel, actually.

Cynic - "branleur is derived from the se mettre en branle = to put in motion" excellent bit of French deduction - almost!! Un petit coup de poignet - c'est tout ce qu'il faut. ;o)

Amities mes amis / ..Branleur - lt is Parisian slang for w**k*r ..... l can imagine many of you are concerned about the fall in the s/p ......l have seen it all before . Many times . Played the game too many times . EEL await a statement or rather an RNS from Chevron reg drilling statement and the potentially recoverable hydrocarbons from the OML#1 well and in the meantime shreholders sweat . So enter the mms and shorters to spice up everything and initially start a programme of Tree shaking on this past months T traders who bought overweight on a T+10,15,20 rolling settlement .And this past month has seen a big rise in volume . Observing such losses newbies lose thier nerve and sell . ln cutting their losses traders closed and set stop losses bells set of everywhere @ the magical 200mda of 265/270 level ,,and while the market didnt really react the mms did with a vengeance . lnterday volatility of 30% . Obvious the market has been played like an old record ,,,. lts pure scaremongery. ..l note institutions havent sold .l have Noticed buyers of 2 million opening their pockets to the tune of over 6 mlln in enetering this market ....Every day buyers exceed sellers by large margins . Out of hours trading in EEL is 336 ! . Buys have been large yet sells have been small ..yet the bears carry the day by a fair margin ........Work it out for yourselves . lts not logical or rational . ..lts not even well disguised . .....EEL have the goods ..and merely await a statement from the massive beaucracy that is Chevron .....ln a month or so this will appear as a mere bleep ...........So as not to deceive anybody i state for the record i have a position in these myself ,,And it goes without saying ALWAYS and I MEAN ALWAYS DYOR b/n ...Right im off to clubland .....China Whites ,,et dispondable,, { hmmm..lol },,@+ J

I guess EEL is dropping fast because it is operating in high-risk Nigeria whence only 2 days ago there was a sabotage/explosion where at least 200 people died.

I don't agree that is the reason for the falling share price , read the TheFrenchConnections post.

...Mes amities ...Sorry R. but on occassion i cant understand peoples exact meaning . What are you suggesting as the reason behind the fall yourself ? Or are you agreeing with me ? ...All very confusing l know; but could you clarify . ..@+ J.......Hi Hlyeo MMs were marking the stock down come buy or sell; and on occassion absurdly disproportionally . THEIR JOB is to make a market . Not manipulate it . ...Very sad as it was the explosion a few days ago, l do not concur it was an act of sabotage ; morelike an awful accident as someone was in the daily act of attaining fuel for themselves .lt is common practice . . lf it had been sabotage a whole plethora of oilers in Nigeria would have felt the impact . Unfortunately theft of oil in Nigeria is nothing new .From humble impoverished simple people to warlords of vast swathes of the delta this is daily common practice Perhaps essential and thus the Nigerian millitary /police tow the unofficial govt line of turning a blind eye for the most part . .But not so the USA who has all manner of known destructive weaponry parked in the GOG ....Not so long ago Shell brought in independant assayers who soon illustrated in excess of 250,000 bpd were being stolen from thier pipes in remote areas and the cheeky sods had errected even makeshift highly volatile refineries in the these remotest of areas . ........and for what ? oil for guns ... Now the Chinese have agreed to invest over $4 blln into Nigerias infrastucture including the rebuilding roads,bridges,schools , and a new hi tec facelift to Nigerias own refinery at K on the Delta itself thus bringing work to the area where poverty is at its worst . Hopefully things will change . ...$4 blln pounds for the option of having first refusal on a number of blocks . Now thats BEEEEG money to anyone. And that is merely for FIRST refusal on prospects . ..The Chinese are far from stupid business men and they wouldnt strike a deal of that magnitude unless returns were substantial or100% essential . . Of course theres vast amounts of oil here. .....Likewise the USA knows and projects this area will provide 25% of its energy supply by 2020 Hence all its aircraft carriers and supporting frigates. ......On a final note i believe mms have totally abused thier position and have caused unacceptable volatility in relation to volume . ! .... One good thing was that EEL picked up on it immediately and issued an RNS . EEL trade @336 out of hours . Soon they will be back to that level and more but how many were well and truly shook from the trees from this past windy two weeks @+ J ,,,,,,,,,

Iam agreeing with you " J " and disagreeing with Hlyeo98.

Long and, as usual, well written and interesting article on today's oilbarrel.com ...... Far too long to c&p into here!

"Chevron Nigeria Deepwater B Limited and its partners have drilled the first oil discovery in Oil Prospecting License (OPL) 214, approximately 70 miles (113 kilometres) offshore Nigeria," a company statement said here."

I have no idea how close this may be to EEL's own blocks, but there may be some reflection in tomorrow's trading, hopefully (significantly) extending today's against the grain gain of 8p.

At last an RNS !!! lndependant assayers on EELs first well -BDX1 which is an oil leg and estimated to contain 130 mmbo and 0 .92 tlln scffs of gas .,,,,,,,,,,,,,,,, With oil sitting precariously @ 70 p/b and the HH price of gas fetching per scuff ( six thousand cm ) thats a kings ransom ............The second well @ Olenware has also struck gas upon which we are awaiting results ,,,,,,The deal being that EEL farmed into leads with "Big Oil " far bigger projects with the requirement of the spudding of 2 exploratory/discovery wells for 30 % of oil held therein ; and 40% of the gas receipts . !00% financed by EEL . .......So if my fag packet calculations prove correct EEL have from their first well-BDX1 earnt a payload of 35m mmbo ( constituting 30%% of oil recovery @ a conservative $50 p/b ) and worth approx $1.5 bn: , and 360 bn cf of gas which when equated to bbls of oil equates to the prof formula of 6000 cf = a bbl: and hence a value of a staggering 360 bn divided by 6000 which equals to 6mboe and a value of $300 million .{ @ a conservative $6 per million cu/f . lf my mathamatics are wrong please feel free to correct ...The second well at olenware is believed to be a pure gas play And what with being in a prolific envoronment of world class finds in gas it would not be unreasonable to expect great divergence from the norm ..... ...This RNS would usully have sent EEL soaring but this word " sentiment" and interest rates are in the driving seat of the market ....What a stinker ! ... BUT !! Quality always prevails & i fully expect the stock to recoup losses leading up to , and during , the USA " driving season Bonne Chance /bien amicalment . @+ J

there is something badly wrong her .... glad i am out, but see sp has slumped by 36p with no official news

although very low volumes and no significantly large sells to signify anything unusual. It looks very depressing at the moment but the same patterns are happening accross the markets. I am still holding, although this morning slipped into negative figures, because the fundamentals as far as we are all aware still remain as strong as 3months ago.

sorry tau, but the same is NOT happening across the market ...... there is a distinct smell of week old fish

Powered by IST's

What is happening with EEL...why the drastic fall?

Greetings one and all!

not sure about EEL's prospects; just wanted to draw some attention to Global Petroleum (GBP). I've put a summary update on the thread.

HLYeo - I know you like tips!

TFC - digne de votre attention aussi?

soul* ..... stop touting you bad boy!! .... lol

LOL - I just like sharing, you cynical Cynic! :o) Bet it's not long before you buy some GBP too . . . .

I think EEL should issue another RNS to reasure shareholders.

Equator Exploration says gas discovered in Owanare 1 well offshore Nigeria
AFX


LONDON (AFX) - Equator Exploration Limited said it has discovered gas in the exploratory 'Owanare 1' well, located on OML 122, offshore Nigeria.

The well has encountered high pressures and temperatures at a depth of 4100 metres making it necessary to suspend the well for later possible production. The independent advisers to Equator, Horizon Energy Partners BV, estimate the gas-in-place to be 185 bcf, an amount capable of commercial production as a satellite to a gas development of the B-DX1 discovery.

"dealers reported recent falls in Equator exploration as overdone and the stock looks set to bounce"

looks better for the mornin coupled with a decent US finish.

BigBob,

it's still falling [ rumour of Hedge fund dumping ]

Amities R . lndeed lts no secret the big institutions are " SHORT " on oil ; and have been this past couple of months ....lronic considering the geopolitics of oil have never been so critical with every major lndustrial power vying for future supplies & in doing so making bedpartners with the strangest of oil rich yet DESPOTIC nations .Never. Fundementals reg EEL, and come to that, most junior oilies are in the money-all reporting big increases in turnover and profits - yet their s/p's are getting a right larruping -the situation in lran being merely the latest variable to fuel its price p/b to three digit figures . Recently Peel Hunt reiterated its bullish stance on EEL with a target price of 603p. .. qui sait ? ...@+ J ......

http://news.independent.co.uk/business/news/article571737.ece

FT market report.

Equator Exploration rose 12.3 per cent to 114p amid talk that fellow oil and gas explorer Sterling Energy was considering a bid for the company, attracted by Equators Nigerian concessions and cash pile. Sterling shares eased 6.4 per cent to 22p.

Looks like another FT.com red herring

Good news from EEL and confirms that this stock way oversold.

Equator Exploration Limited
19 June 2006


Immediate Release 19 June 2006



EQUATOR EXPLORATION LIMITED
('Equator' or 'the Company')

Corporate & Operational Update


Independent reserve reports on OML 122, OPL 323 and OPL 321 completed

Drilling due to commence shortly on OML 122 oil development

Start of production planned for 3Q 2007



LONDON, United Kingdom -- 19th June 2006. Equator (AIM:EEL) announces an update
on its hydrocarbon assets located in Nigeria and Sao Tome & Principe.


OML 122 Oil Development

Peak Petroleum Industries Nigeria Ltd. ('Peak') and Equator are pleased to
announce that development drilling will soon commence on OML 122. In addition,
the Companies are currently finalising an agreement to lease an FPSO with the
aim of commencing oil production in Q3 2007.


A report on OML 122 from independent consultants, Horizon Energy Partners BV
('Horizon'), provides a Best Estimate for the recoverable hydrocarbon volumes as
45 million barrels of oil and 730 BCF of gas. (See Equator's web site:

www.equatorexploration.com
for full report).

As announced on 24th May 2006, the second well drilled on OML 122 by Peak and
Equator, Owanare 1, discovered gas in two zones with a total thickness of 61
metres (200ft). Horizon estimates the gas-in-place to be 185 bcf, an amount
capable of commercial production as a satellite to a gas development on the
Bilabri field.

Negotiations are underway for financing the OML 122 oil development project with
production anticipated to start Q3 2007.

Amities / All sounds good but i was expecting a lot more- { 200mbo and 1 tn + scuffs of gas } as was the market. But as i see it it will only be a matter of time before one of thee prospects produces the goods . Big CLEVER money( Like the 3m buy last week ) is snapping them up at these prices ...not so much oversold as mm manipulation .After all it was EEL site from which 8 workers were kidnapped . And like AFR immersed in the touble that is the Nigerian delta the mms are milking the uncertainty of maintanance of supply .{ as our shorters who @ 112 are pissing into the wind. . Rumours of takeovers from the likes of SEY who are already heavily geared is highly undesireable as their offer would be derisory ....USA plans by 2020 to get most of its oil from this region. They know its there in abundance . A half decent oil find and this wil fly ( again ...... ..................................................l am playing this one with a very straight bat with soft hands.....@+ J

Would think they are in need of funds, what they have looks like it is spoken for.

Out of these until their is more transparency in this company.

There has been a rumour of a positive update in EEL...mentioned in the Independent today...price is soaring today.

Today in the Independent, it mentioned that there will be a positive update on OML 122 with 450 million barrels of oil and 700 billion cf of gas. In the Daily Express, it mentioned of a bid on Equator.

EQUATOR EXPLORATION LIMITED


('Equator' or 'the Company')


Interim Results for six months ended 30 June 2006


Equator Exploration Limited (AIM:EEL), the oil and gas exploration and
development company focussed in the highly prospective waters of West Africa, is
pleased to announce its interim results for the six months ended 30 June 2006.


Chief Executive's Statement


Dear Shareholder,


Despite the many challenges of the first half of 2006, Equator Exploration
Limited ('Equator' or the 'Company') is pleased to report considerable
achievements in drilling activities and the acquisition of high quality
exploration assets.


Development of OML 122 with Peak Petroleum Industries Nigeria Limited ('Peak')


The drilling of the Bilabri DX-1 appraisal well, which was successfully
completed in February 2006, confirmed oil and gas reserves in the Bilabri field.
The drilling of the exploration well, Owanare 1 followed immediately. This well
discovered gas in shallow zones but was unable to reach the deeper objectives as
a result of high pressure and temperature. The well is suspended pending later
re-entry for completion as a gas production well once a suitable development
plan and gas market has been secured.


Following the Owanare 1 well, drilling of the first horizontal appraisal/
development well, D-2 commenced on the Bilabri Field. This is the first
production well to be drilled as part of the development plan for the Bilabri
Field. Equator, with its partner Peak, has the Bulford Dolphin drilling rig on
contract for an additional 2 wells.


The development of the Bilabri Field for oil production is in progress. The
critical long lead items have been secured while negotiations for a Floating
Production, Storage and Offtake Vessel ('FPSO') are nearing completion. First
production is planned for 3Q 2007.


Deepwater Nigeria OPL 321 and OPL 323


On 10th March 2006 the Company signed Production Sharing Contracts ('PSCs') for
OPL 321 and OPL 323, two of the most highly sought-after deep water blocks in
the 2005 Nigerian licensing round. The Korean National Oil Corporation ('KNOC')
is the operator of both blocks with a 60% equity interest, while Equator has a
30% equity interest. Under the terms of the licensing round, local companies
have been awarded the remaining 10% equity interest. The two blocks have several
very large mapped prospects with risked recoverable prospective reserves
estimated in excess of 2 billion barrels by Equator's technical advisors,
Horizon Energy Partners B.V. OPL 321 and OPL 323 are adjacent to OML 125 where
media and industry sources have reported that a well drilled in the first half
of 2006 has encountered oil and gas thereby confirming the presence of
hydrocarbons in this region and underpinning the potential of these assets.


These highly sought after deepwater blocks, which were secured in such a
competitive market, are significant for a company of Equators' size.


Joint Development Zone Block 2


On 14th March 2006 the Company signed a PSC for Block 2 in the Joint Development
Zone between Nigeria and Sao Tome & Principe. Equator's original allocation of a
net 6% equity interest has since been increased to 9% by a farm-in to the
interest of another participant. Block 2, which is operated by Sinopec of China,
is adjacent to Block OPL 246 which hosts the large Akpo field operated by Total.
Recent drilling activity in the region has increased our confidence that Block 2
has the potential to contain significant reserves. The Company has posted a
guarantee for its share of one obligation well in the first 5 year exploration
phase of the PSC.





Sao Tome & Principe Exclusive Economic Zone Rights


Equator awaits the delineation of blocks in the Exclusive Economic Zone of Sao
Tome and Principe. A 2D seismic programme has been completed and interpreted by
the Company and we anticipate the delineation of the blocks to be completed by
the end of 2006. Upon completion of the block delineation, and pursuant to its
agreements with the Government of Sao Tome and Principe, Equator will exercise
its right to select and acquire a 100% interest in two of the newly delineated
blocks. Once these blocks have been selected the Company will seek to negotiate
PSCs with the Government.


Financial


The first half of 2006 showed a reduced loss of US$ 2.3 million as compared to
US$ 3.1 million for the six months to 30 June 2005. The reduction in loss as
compared to the same period in 2005 is attributable to an increase in interest
income of US$ 1.25 million, this increase related to higher cash balances during
the period. It is important to note that although the Company's activities
increased significantly in the first half of 2006 as compared to the first half
of 2005 overall administration costs increased by only US$ 482,000.


The Company's Balance Sheet remains strong with cash balances as of 30 June 2006
of US$ 108 million and Fixed Assets of US$ 320 million. Equator entered the
first half of 2006 with US$ 136 million in cash balances. The issue of share
capital of approximately US$ 242 million net of costs, the net investment of US$
264 million in oil and gas properties and fixed assets, and the consumption of
US$ 6 million in operating activities saw the Company exit the period with the
aforementioned cash balances of US$ 108 million..


Future prospects


Equator has built a unique and diverse portfolio of assets and has been
progressively building a qualified management team experienced in the region.
The Company is well positioned to add shareholder value by maturing its exciting
asset base which includes realise production in 3Q 2007.


Post closure events


On 3rd August 2006 the Company agreed to a loan facility (the 'Loan') for US$ 65
million from some of its shareholders. The Loan is funding the Bilabri Oil
Development in block OML 122, offshore Nigeria.


On 15th August 2006 the Company welcomed Jeffrey Auld as its new Chief Financial
Officer. Mr. Auld has a depth of experience in corporate finance and the
emerging markets. The Board believes the appointment of Mr. Auld will enhance
the management team and position the Company to further enhance its asset
portfolio.


On behalf of the Board, I would like to thank all our shareholders, business
partners and staff, for their continued support and confidence during this
demanding period.


Mr. Wade Cherwayko
President & Chief Executive Officer

Not looking to healthy the prospects for an increase in SP after the above.
Glad I do not hold!

Amities / l bought an absolute bucketful of these at a median of 230p; and was lucky enough to get out in several tranches at a median of 286 . After witnessing a high of approx 380 i thought perhaps i had got out to early BUT i am ALWAYS the percenages man and learnt to take what the market offers me .- and regardless of volume & momentum you cant fight a market in which the big hitters are shorting oil generally ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Surely a misnomer you would all shout.!. The Fundementals and geopolitics of oil remain exactly the same when Bl price { WTl } was a tad shy of $ 80.. ln fact the situation has been furthur aggrevated by the "lran" situation, the stand off with North Korea , and Russias booming oil economy being used by Putin as a political / millitary weapon : and yet s/ps of most oilies have been hammered recently .As has pointed out already the price of oil p/b bares little effect on the s/ps of individual companies . So we are left to ponder the shortcomings of the company itself . The problem would appear to lie within,,,,Il ne s'agit pas d' argent donc de quoi s'agit-il ??,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,. After a lot of Sh*t digging one re-occuring theme was the rather unsavoury reputation acquired by EEL's own President & CEO, Mr.Wade Cherwayco ,who while not in the league of RPT 's ex Frank Timis, was not exactly regarded as devoid of past unscrupulous behavoirs. Certain parties absolutely refusing to become involved with EEL while Wade Cherwayco is at the helm .................................................................................................................................................................................................................................................... But at 74p mid they appear massively oversold . When these were floated @ 130 , culminating @380p , i never imagined such a price . Never. Not with the intrinsic value attatched to a portfolio whic reveals some the most potentially prolific hydrocarbon acreage KNOWN . An area from which the USA sees 25% of its future energy requirements from 2007 onwards ; and accordingly protected by half the US navys firepower... And yet the nadir of EEL is not yet known Could we be looking down the barrel of 64p . 54p Qui Sait ? ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,une attente inquiete lm watching these very very carefully.. PEEL HUNT placed a target of 603p on EEL. ..That seems slightly optimistic from my vantage point but there were a plethora of 1m to 4m+ BUYS @ the 120 to 200p level ..>.. Cathcing knives ? OR astute buys ? But 74p seems absurdly low. But for the fact that i hate it when a new FD has been appointed during the corresponding period of the massacre of the companys s/p , i would take a considerable position/s...But as things stand im sitting on my hands .....a'bientot mes potes Bonne chance ...@+ J

,,,,,by all means cut and paste RNS /AFX etc etc on BB ,,,,,but hasnt anyone the inclination to give thier own independant research an airing . @+ J

Hope you did more research tfc and did not take the plunge, management not the best err Sam/Wade and skeletons, location 419 delta and Sao Tome LOL, wonder if any of the supporters have been shorting this and making a bundle?

Market not over impressed by the unsolicited offer announcement this morning.

And no one knows what the offer is .

Does any holder here know the current cash position?

I think the market is reserving judgement on the unsolicited offer.

Cash reserves were $108m (57m) and rising due to interest payments at June 2006, that alone would justify a valuation of around 32p

The rights and right to acquire bought over the past few years, these have cost over $300m, so that would be another 97 pence or so.

Combine these elements with the FPSO, exploration assets, the fact that the CEO owns a few million of these shares, I'm sure they'll be keen to maximise shareholder value, being conservative I reckon we'll end up with around 1.30 to 1.60 per share if the offer is accepted.

being conservative...

EEL is slipping away now...the offer is unanimous...IMHO it is not realistic

Do you mean anonymous?

Yes, dihash thank u for correcting me. EEL is 1.75p down from 14p up at its peak today.

City must have information on the bid, and the display says it can't be serious.

I reckon the Bid will be 1.30 + Need nerves to hold.

EEL is a disaster...bid is called off and plunges 20p now to 69p.

FOR IMMEDIATE RELEASE 7 December 2006

EQUATOR EXPLORATION LIMITED

AGM and Chairman's Statement

LONDON, England - Equator Exploration Limited (AIM: EEL) ('Equator' or the
'Company'). At the Annual General Meeting of Equator held at 14:00, on
6 December 2006 in New York USA, Sir Sam Jonah, Chairman, made the following statement to shareholders:

Dear Shareholders,

Overview

The year under review, 2005, saw the Company continue on an aggressive path of
acquisition of exciting exploration assets. In 2006, these efforts resulted in
the Company acquiring a 30% interest in each of OPL 321 and OPL 323, highly
sought after deepwater exploration permits, offshore Nigeria. In addition, the
Company acquired a 9% interest in Block 2 of the Joint Development Zone ('JDZ')
of Nigeria and Sao Tome and Principe. In the same year the Company commenced the development of the Bilabri Field and drilled an exploration well, Owanare 1, on OML 122 offshore Nigeria.

In spite of these positive developments, the second half of 2006 has been a
difficult period for Equator, leading to a significant fall in the Company's
share price. Although the Company was successful in confirming commercial
volumes of oil in the Bilabri Field and in discovering new gas reserves in the
Bilabri and Owanare Fields, the level of the reserves discovered has turned out
to be less than anticipated.

Nevertheless, the Board believes that the acquisition of OPL's 321 and 323,
Block 2 JDZ and OML 122 has laid a solid foundation for the future growth of the
Company.

http://www.cityam.com/images/covers/CityAM.pdf

Equator Exploration Limited

IMMEDIATE RELEASE 11 January 2007

EQUATOR EXPLORATION LIMITED

Update and Clarification on OPL 321/323 and JDZ Block 2

LONDON, England - Equator Exploration Limited (AIM: EEL) ('Equator' or the
'Company') announced in March and April 2006 that it had acquired a 9%
participating interest in the Production Sharing Contract ('PSC') relating to
Block 2 in the Joint Development Zone ('JDZ') between Nigeria and Sao Tome &
Principe and a 30% participating interest in the PSCs relating to OPL 321 and
OPL 323 offshore Nigeria.

Reports on Prospective Resources

The Company announces the release of reports on prospective resources for JDZ
Block 2 and OPL 321 and OPL 323, offshore Nigeria. These reports have been
prepared by Netherland, Sewell & Associates, Inc. Reports for OML 122 are
awaiting the results of the Bilabri D4 well which is currently under operations;
the Company intends to release that report once final results for the Bilabri D4
well have been incorporated.

Equator's net interest in the prospective resources as stated in the reports and
this announcement is based on Equator's full participating interest of 9% in the
PSC relating to JDZ Block 2 and 30% in the PSCs relating to OPL 321 and 323. It
does not take account of the economic interests of third parties referred to
below, which have the effect of reducing Equator's net economic interests to
8.75% in respect of JDZ Block 2 and to 26% in respect of OPL 321 and 323, or the terms of the relevant PSCs.

JDZ Block 2

Best Estimate Prospective Resources (1)(3)
Unrisked Risked
Gross (100 Percent) Equator Net Interest (2) Gross (100 Percent) Equator Net Interest (2)
Prospect Cluster Oil Gas Oil Gas Oil Gas Oil Gas
(MMBBL)(4) (BCF)(4) (MMBBL)(4) (BCF)(4) (MMBBL)(4) (BCF)(4) (MMBBL)(4) (BCF)(4)
Central 369 403 33 36 100 109 9 10
North 410 807 37 73 111 282 10 25
South 440 501 40 45 111 126 10 11
Subthrust 130 158 12 14 30 36 3 3
Total 1,349 1,869 121 168 352 553 32 50
Totals may not add due to rounding

OPL 321 and 323

Best Estimate Prospective Resources (1)(3)
Unrisked Risked
Gross (100 Percent) Equator Net Interest (2) Gross (100 Percent) Equator Net Interest (2)
Prospect Cluster Oil Gas Oil Gas Oil Gas Oil Gas
(MMBBL)(4) (BCF)(4) (MMBBL)(4) (BCF)(4) (MMBBL)(4) (BCF)(4) (MMBBL)(4) (BCF)(4)
Gorilla 992 6,392 298 1,918 361 1,840 108 552
Octopus 265 1,431 80 429 65 362 20 109
Whale 401 524 120 157 138 187 41 56
Lobster 261 449 78 135 79 150 24 45
Elephant 1,005 1,351 302 405 275 369 83 111
Total 2,924 10,147 877 3,044 918 2,908 275 872
Totals may not add due to rounding

(1) These volumes represent only the portions of the prospects that lie within
the boundaries of the respective license areas.
(2) Equator net interest volumes are the product of the gross (100 percent)
volumes and Equator's interest; they do not take into account the terms of the
respective production sharing contracts.
(3) These estimates of prospective resources have been prepared by Netherland,
Sewell & Associates, Inc (NSAI) in accordance with the 2000 petroleum resource
definitions approved by the Society of Petroleum Engineers, World Petroleum
Council, and American Association of Petroleum Geologists.
(4) The oil resources shown include crude oil only. Oil volumes are expressed
in millions of barrels (MMBBL); a barrel is equivalent to 42 United States
gallons. Gas volumes are expressed in billions of cubic feet (BCF) at standard
temperature and pressure bases.

Clarification regarding the interests in JDZ Block 2 and OPL 321 and 323

Prior to bidding for and acquiring the interests in JDZ Block 2 and OPL 321 and
323, the Company had entered into evaluation and bidding agreements with its
bidding partners. These arrangements envisaged that the bidding partners would
be entitled to direct and/or indirect interests.

In settlement of various outstanding commitments under these arrangements, the
Company agreed to make cash payments and provide economic interests as more
fully described below.

JDZ Block 2

Equator acquired the 9% participating interest in JDZ Block 2 at an entry cost
of US$ 9.05 million. This sum includes a settlement payment of US$ 750,000 to
one of its bidding partners, under the terms of a settlement agreement entered
into in June 2006. A total of US$7.1 million of the total entry cost referred to
above had been paid at 30 June 2006, and this amount is included in the interim
financial statements published on 26 September 2006. The balance of US$1.95
million has been paid since 30 June 2006 and will be reflected in the annual
financial statements for 2006 to be published in 2007.

Under the settlement, Equator has also:

- provided to a partner an economic interest equivalent to 0.25% of JDZ Block 2, and
- agreed to fund all cash calls and invoices payable in respect of that 0.25%
interest up to a maximum of US$375,000.

After taking account of these arrangements Equator has a net economic interest,
after recovery of costs of 8.75% in JDZ Block 2.

Under the arrangements relating to the settlement with its partners in JDZ Block
2, deferred consideration payments may become due upon approval of commercial
field development programmes. The amount of any deferred consideration payable
would depend upon the level of proved reserves in the field area and would be
capped at a maximum amount of US$ 6 million.

OPL 321 and 323

Equator acquired the 30% participating interests in OPL 321 and 323 at a cost of
US$ 168.2 million. This sum includes settlement payments of US$ 6.5 million in
total to its bidding partners, under the terms of settlement agreements entered
into in March 2006. All of the US$ 168.2 million cost referred to above has been
paid and this amount is reflected in the interim financial statements published
on 26 September 2006.

Under the settlements, Equator has also:

- provided to certain of its partners an economic interest equivalent to
4.00% of each of OPL 321 and 323.

Equator will fund 100% of all financial obligations arising in respect of the
interests granted to its partners, up to the first lifting of crude oil.
Equator will be entitled to recover the full amount of such costs through a
right of first recovery against 80% of the oil and gas allocated to its
partners, respectively, in respect of their interests.

After taking account of these arrangements Equator has a net economic interest,
after recovery of costs, of 26% in OPL 321 and 323.

To the extent that it relates to the reports on prospective resources, this
release has been approved by Daniel Walker of Netherland, Sewell & Associates,
Inc. Mr. Walker is a Senior Vice-President in the firm of Netherland, Sewell &
Associates, Inc. He has over 26 years of experience in the oil and gas industry.
Mr. Walker is a Professional Geologist in the State of Texas, a certified
petroleum geologist with the American Association of Petroleum Geologist, and a
member of the Society of Exploration Geophysicists, for the purpose of the
Guidance Note for Mining, Oil and Gas Companies issued by the London Stock
Exchange in respect of AIM companies, which outlines standards of disclosure for
mineral projects.

Equator engages in the exploration and development of oil and gas projects in
highly prospective West Africa. Equator's objective is to build a diversified
portfolio of exploration, appraisal and production assets in the region. The
Company has exploration interests in the territorial waters of Nigeria and of
Sao Tome & Principe as well as in the Joint Development Zone between the two
countries.

did my bollox on therse back in May .... got out a lot higher than at present and can see absolutely no reason to get back in ...... nor seemingly can the market

I feel EEL will go down to 50p by the end of January, cynic

don't care! ..... am currently short of BFC tho which could easily fall to 20 or even zero in due course

Sold out at a 50% loss.

Mes Amities / - Agghh Roly / What happened here ? No rebuke nor critism intended { you know that } for trying to hit the ball out of the ballpark ; BUT why didnt you play the percentages and you could have walked away with a very handsome profit. You bought EEL at much the same time and s/p as i did myself { 180p to 200p } ...would have expected you of all people to have been attracted by the 370 price tag last June.....At that time Peel Hunt gave EEL a 600p+ price tag as did Citibank and Goldman Sachs .. What a set up ? l conceed i was late myself getting an absolute shedfull out of a nightmare kamikazi market on a worked trade . Very lucky as Small trades well within EEL's NMS were sending the s/p spiralling down into what turned out on a prolonged downward trend. Both shorters and stop losses brought into play did not help the situ .... l was going away for 3 months {Work - not pleasure } and loooking at the geopolitics of the Northern Delta and the Sao Tome debacle in which Chevron seem to be able to hiding the true facts from their JV partners .- like EEL l hadnt the time to sit like a hawk watching a stock . So i sold a ferkin shedful at a median of 280p . Without wishing to sound patronizing ; BUT ALWAYS PLAY THE PERCENTAGES -Take what the market offers .........and move on ....Really sorry to hear you lost 50% of your stake ..Hoping your consideration was not to fiscally disasterous ..Bien aficalment et al ...b/chance / sois sages @+ J ..

' J ' ,

Its not as bad as it sounds the 50% lost was on my present reduced holding, when they first fell i had stops on a few s/bets and the rest i sold at around 217 but then made the mistake of trying to catch a falling knife and bought back in, overhall with profit taking at 340 ish i can't say offhand how much i lost.

EEL is a great one to short (see post 133) 47.25p now.

Cynic, I've been shorting this from 45p...looks like it is going further...wonder if you might be interested.

from memory, did my bollox on this stock (long) about 8/9 months ago ...... chart is certainly heading just one way at the moment, but have not followed their news ...... Nigeria is certainly a nasty place to be prospecting for oil, but thayt could be said of various other lolcations too ...... 45 was clearly a good place (with hindsight) to have shorted, but not convinced there is a solid case to follow you in at this late stage ..... obvious place for you to set trailing stop is on the falling 25 dma, currently about 37 ......chart show 25 dma (red) and 50 dam (green)

cynic
Cheers for pointing this out I just read the whole thread it's like reading a thriller.

glad to see that by the look of my post, i actually escaped with only a modest loss ...... wonder if i would have shorted had i kept following ..... probably not!

News leak on funding issue with Peak, this is going skywards after the recent falls.

funding is one thing, except it has to be repaid, and further, this dog has yet to find a bone let alone anything useful

Cynic you are quite wrong . They have a "dog" in its rabid CEO and he has a bone which he calls investors which are most useful. -..........TM - As for Peak .lts nothing but a conduit through which EEL funding flows. Playing the strict percentages i made a considerable profit from this one a while ago so have no axe to grind. ..Then i read a file on him via a most diverse route; and the git is well known for what i shall call "financial irregularities ".......Let me put it this way . lf i saw Wade C walking along Westminster bridge with Jeffrey Archer,Jonathon Aitken, and the Guiness crew,i would say he was in the very best of company. ......The twa* is an utter charletan / confidence trickster.....................corrupt as are all Nigerian oil barons.But lets not forget they had the best of teachers - BIG OIL !!!!!

ok TFC, but with that in mind would YOU put money into this stock? .... i wouldn't!

Equator Exploration Limited
04 May 2007



Equator Exploration Limited ( the 'Company')

Re share price movement


Equator Exploration Limited notes the recent share price movement and announces
that the possible corporate activity previously announced may take the form of
the Company acquiring a larger entity in a transaction which would be classified
as a reverse takeover for the purposes of the AIM Rules. The Company has
therefore requested that trading in its securities be suspended with immediate
effect.


Shareholders should note that discussions in relation to the transaction are not
complete and there can be no guarantee that a successful transaction can be
concluded. Trading is anticipated to recommence either when the Company posts an
Admission Document in relation to the transaction or confirms that discussions
have terminated.


A further announcement will be made in due course.

cynic (dad)... me put money in this gits pocket ?....Fu** ,,NO !!!....Never !...l am french not stupid lol.............lncidentally i was joking in earliar post !!!

went long 100 a point just before suspension...i must be jynxed :-(

Hyleo98 is in serious danger. Got suckered into a short by all the negative sentiment.

1.30 relist.

That''ll learn them...

"EEL is an easy short".... what an idiot. Get ready for unlimited losses.

See Ya suckers.

tho not short, i certianly concur with 98 that this company is rubbish ...... if 98 happens to have called it wrong, and that remains to be seen, i am sure he will take it on th chin ...... gleeful gloating when u r not even on firm ground is not only spiteful but way yet prove something of an albatross ..... refloat above 40p? .... just maybe but 130, i would put my money on it that it won't .... r u prepared to wager say a modest 100 on your boast?

cynic - I think you misunderstand the company and value.

However shorters are dirty rats who seek to steal money off the longs - posting negative sentiment.

Obviously does not apply to you as you did not short.

I think we are on pretty solid ground from the info that I have. Just the poor fools that like to short got sucked in.

I expect a 70 - 90 pence relist at the least. So shorts from 45 pence stand to lose double their bets - very nice.

That'll learn them to the dangers of shorting. Since May 2006 many people have become Bears without truly understanding the risks.... well EEL will show them IMHO.

Plus Wade will no longer be CEO of the new company - assets will remain of course but a new management team and Cash backing.

So again - Ha Ha to the stupid shorters. I will enjoy every penny that they lose and then some.

PS - Thanks for the cheap shares at 25 pence..

TMAN .... don't be so wet! .... for starters, for anyone to short, there needs to be a holder who is prepared to lend that stock ..... for myself, i certainly short from time to time .... i did with SOLA a week or two back because i thought it o'bought and the chart pattern was heading down .... i have now closed that position with a very respectable profit ..... why should i or anyone else not so trade?

anyway, you can be smug, distasteful habit that may be, as and when you are proven right ..... my offer of a modest 100 bet still stands, or even up to 500 or 1000 if you wish .... do you have the cojones (am currently in sunny spain!)? .... if so, a stake holder can be found on this site ..... if not, then clearly you are all mouth and trousers

OK Cynic - I'll take your offer. 1000 that the relist is above 70 pence.

Please keep in touch.

cynic - I don't need to bet on the relisting. I am comfortable - as are you - because I have no short open on EEL. Naturally as a long you will understand that I wish nothing for the shorters except a severe roasting. After all the "Game" is Bulls Vs BEars.

Just nice to see that the shorts are locked in for a nice ride up. I am hearing that even 1.25 is a possibilty on relist.... anyway I await the relist patiently.

I know that people short and it adds liquidity - but the lender of the stock can be ones own broker - and so the "real owner" of the stock may have no idea that his stock has been and lent out and sold.

Nobody had any pity for the longs that were suffering. What I find really funny is people calling Wade and co crooks. The "boys" in the City are worse crooks IMHO than these guys. The "City" boys rob billions a year and yet somehow disregard their own tactics in all this. Pot, Kettle, Black come to mind. Plus are they more corrupt than Dick Cheney??? No.

This is the Oil Game and you need to understand the history of Oil.

So finally if I saw Tony Blair, Jonathon Aitken et al walking across London Bridge then I would know they are correctly in each others company along with the other dirty guys from the City and their Insider trading mates.

sorry TMAN ..... you were blagging that the price would relist above 1.30 and that is the level at which i placed the bet ...... so are you now saying that 1.30 is ludicrous?

Cynic - If what I am hearing is true a relist at higher than 1.30 equivalent is not out of the bounds of possibility.

ADDAX......AAP...KOSMOS Energy....list is actually quite long

EEL has always been asset rich and cash poor.

cynic ,you are a twat..lost out on big bucks here...that will teach ya!

We shall see.

i've heard that certain institutions were shorting EEL and will get crucified when they come back from suspension..apparently managment don't like naked shorting..lol!

Aldwick - Did you buy back in?


Looks like they are linking up with a quality outfit and that should fix the problem of shareholder value and shorting.

Plus a changed management team to counter insane mumblings about corruption (as on this thread) when all and sundry are corrupt. Just look at BAE.

Anyone with an open short is going to lose out IMHO.

These muppets on this thread should get out more and learn about the Oil game.

Grumpy old fools.

Mes amities / Learn about the oil game the man says. Well do tell? . When was the last time you were in the once sleepy oilport of Port Harcourt or Calabar ? Or come to that, the fuedal shanty towns of the northern delta? .Most are unmapped and as dangerous as it comes. So dangerous that you could build ten wembley stadias and never find them in the N Delta .And add the geopolitics of oil to the already witches brew of tribal troubles between Hausa ,Fulani,lbo and Yoruba and it all adds up to anarchy. But im talking about places like Oshogbo, Minna, llorin, Benin and Oritsba-all of which constitute a hinterland of chaos and madness . You see i KNOW Africa. Three quarters of West Africa are French colonies. But thats irrelavent and a different story... , As for EEL ; Ofshore workers are domiciled in compounds more becoming of a army barracks with highly undisciplined armed soldiers gaurding the place.The majority of EEL personel refuse to place them selves at such risk after the insurgents declared "FULL BLOWN OUT WAR " on the Fed govt and have left . ..The place reeks of poverty and cordite . EEL staff have been kidnapped in the past...Armed militias roam the delta smashing infrastructure and setting up mini oil refineries -ln the past the Nigerian govt tried to to turn a blind eye but the situation is so bad that troops have been sent into the delta to restore a semblance of order. This has failed and only exercabted an already critical situation. Recently insurgents have detinated pipelines to cause disrupton alone. {14 alone last month losing 900 ,000 bbls } Shell estimate they lose 200/250,000 bls p/d due to this activity from their "Bongo" field alone . B.P claim the same is happening 40 km away on their fields . Chevron / Texaco and five other multinationals are even thinking of getting out of the region altogether. { So what happened at JDZ 2 }.. l sat in with a French journalist friend during an interview with one of the insurgents leaders in 2004, and despite having been a soldier myself , it was quite honestly, a very unpleasant ordeal. Those who cannot afford arms carry bottles of sulphuric acid to use at will .......Please do not get me wrong. Speaking with top oil geolists and petrochemical engineers/ resavoir managers, l fully and totally agree ,the oil is THERE !!! Or the USA navy wouldnt have hundreds of Delta darts aboard a battlegroup formation of aircraft carriers protected by several frigates and cruisers keeping a watchful eye over the gulf of Guinea area. An area which the D/E have penned in as providing 10%/25% of future USA oil/gas supply . Niether would the USA have rapid response units set up by the pentagon under the leadership of 3* General Tommy Franks to carve strategies to protect what the USA SEES as its own oil in the gulf of Guinea .! Likewise Mark Thatchers mercanaries would not have bothered trying to take E/N/G if it were not so well known as BIG OILS hotspot ! .l suggest you read "the Carter doctrine" and you may learn something about king oil .Extended by Clinton and exploited by Bush .. .....................................................................................................................................................................................................................................................................................................................................................................................................................................................As As for your bloody virtual obcession with hoardes of peoples on this thread having "shorted " this stock and losing buckets of money while you gloat in antipation .But to whom are you reffering ? Who da F**K are you talking about? ..Personally i bought @ 180 and 230p as stated on the second message on this very thread..- and sold at 370 (POST 34) , @ 345( post 28), and @286 (post 136),,,,,,,,,,,,,and walked away/ never shorted it / ..and never looked back ....and im staying away . Unlike your good self who are most bullish reg. this stock and why not ? After all they own some very mouthwatering acreage. Perhaps some of the best prospects known globally ;lt should have proven the share of the year !!/ so all good to you. l can but wish you well and hope you do as well as i did with EEL .Having bought @ 25p i am sure you will !! ,,,,Bonne chance/ Faires attention ...@+ J. .. So why not stump up your stake for 1000 stg and put your money where your mouth is .? ...The man is awaiting your reply . 120p upon re-admission wasnt it .Not looking so realistic after tommorows RNS ... Then , and ONLY then will l, or anyone, take you remotely seriously . Until that day methinks a diet of prunes and syrup of figs would remedy your condition Fullofshit-enteritis i am told is quite an embarrassing maladie . Bien amicalment . @+ J

Personally l look to the Russias (CRS) and all the "Stans "-Turkmenistan , Kazakstan,Uzbekistan ect ect for "immediate" energy investments reg hyrdrocarbons. . Before U308 takes over. For l would rather be bedpartners with Putins relatively stable Russia than Saudi Arabia, Africa, Venezuela, or lran . Ex KGB man, Vladamir Putin, understands energy, as was illustrated when Russia held the last G8 gig in Petersburgh .He could turn every light in the UK OFF within 9 days if he so chose ...But he choses to do business with you . Now to my way of thinking a man who could utterly fuck you in every way possible and send you zooming back to the middle ages yet choses not too has to be at least sane -if nothing else. Could you say the same about lran ? or the crackpot in Venezuela? , or the chilling set of collective crackpots that make up Africa ? - phffoo sod that . Russia is where all the big money is going ...( again ..)..Russias central banking system is becoming more like that of the UK every day. Putin knows and ackowledges that . He wants stability . lnflation is down to 7% from 9% in 2006 . lt holds $855 billion in t.bonds./ lt has 350 billion in FOREX reserves surplus / lt has a $90 billion oil reserve / has repaid the Paris club the $22 billion loan very early . There is an air of confidence in the people again .The Moscow i visted in 1994 is totally different to today. And what is more Putin knows what the Kremlin knew in the 1940s but could do little about due to lack of technology .Whoever unlocks the wealth of both minerals and hydrocarbons in Central and Eastern Siberia will have the world at his feet . And this man is called Putin . King Midas eat your heart out . ,,,,,The WORLD ORDER is changing before your eyes yet most of you cant see it .........For its ace lies in its strategic position as being able to service the new booming continent of Asia

TheFrenchConnection - Good post in 161 - and I agree that the French colonisers left a bitter and twisted wake in Africa as they raped the continent dry in the last couple of centuries - whilst claiming Egality, Liberty and Fraternity at home.

Now the poor continent has still not left the shackles of slavery behind fully as Oil is new big game in Africa with the Western companies intent on raping the continent again.

BTW - Tommy Franks is long retired - but don't let facts like that get in the way of a good story.

Plus the output from Shells Bonga is 246,000 BOPD - so again if they are losing 250,000 BOPD then don't let the facts get in the way of your rant - what a stupid statement.

FACT - EEL does not have many employees in Nigeria - they have contractors - and contractors can be replaced. The rig's employees are actually from Dolphin Drilling.

If you want to see how many employees EEL have then look at the last Annual report

No I have never been to Nigeria - but know enough about the risks and the game.

l dont think Shell were suggesting they lose that amount every single day or that would be silly .But acc to my Alexanders book of gas connections Bongo has achieved far higher rates than 250,000 bld p/d ...lt was kept at this level as it needed no nitrogen injection at this level That comment came from the mouth of their own CEO after the company were caught lying to the ILE for the umpteenth time reg banked reserves . ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Also Also announced TODAY Chevron are pulling out most of thier workforce from Nigeria . l doubt very much that risk assessors Kroll would agree with you on your risk v reward ratio . Also highly decorated Generals like Franks who holds degrees in business admin and public admin is hardly long retired. He was CIC in both leading coalition forces in Afghanistan and the "Free " lraq campaign . Retired Generals are often selected to look into certain issues in much the same way as retired Judges are selected to look into contencious matters /issues .Working on the premise that they will act as impartial and independant from the executive / millitary / and not as cronies bent on promotion in saying all the right things .Franks in having expirience in a number of oil producing "hotspots" was best qualified for the job in Africa ,And that is a FACT. ,lf my memory serves me right he officially retired in 2004 from active service but remained as an adviser ,,,,,,,,,,,,,,,,,,,,,,,,,,,Lastly in the race for the colonies of Africa heated up in the 1870s France behaved no differently than the UK , Germany , Belgium., ltaly ,Holland , Portugal and all the rest. ,,,,,,,,,,,,,,.......................Anyway you waging with Cynic or not ? A simple yes or no will suffice ,,,,,,,,,,,,,,,,,,,,,@+ J ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

quite so TFC ...... lotsa hot air from both TMAN and MAESTRO (would one expect other from that quarter?), but no money with the gob! ...... to repeat - (up) to 1000 of my REAL money says sp will not open at more than 1.30 ..... is TMAN going to back his own judgement and take that wager? ..... prob not!

cynic - Is there an option of "will reach 1.30 on opening day"?

ok ..... by close of normal biz - i.e. say 16:20 if only because auction prices are notoriously crazy

Cynic - Why put Caveats on - A day is a day - including Opening and Closing auctions.

You getting worried? Shouldn't be.

It was 98 who thought it was an easy short. Not you.

Plus Frenchie reckons Russia is a better investment with Mitvol on the prowl and Shakalin taken off Shell.

Rather chance it in Nigeria TBH than give a penny to the ruskies.

Ruskies probably get a short on before Mitvol opens his mouth - well coordinated.


Anyway - full day or not?

in that case NO ..... opening price which was as you stated

Cynic,

It still seems a good bet for you.

I reckon so too, but it was not me who bragged in the first place ..... it was Tman who jumped up and down about sp opening at 130 when dealing restarted ..... now he is prevaricating!

Come on Cynic - 130 pence to be reached on opening day.

This is just sorting out the fine print.

I agree I was a bit hasty on 130 pence open but I think I was a tad excited with that claim of 130 pence on actual opening but you never know - it is possible.

EEL was trading at 4 once - so only a 66% discount.

Surely you don't agree it is possible as well as me?

All those roasted shorters getting burnt on the Bonfire....

Wade may be regarded as dodgy but I don't think he is stupid. Revenge on the people who tried to destroy the value of his company is a dish best served cold - as the suspension lingers.


Also from an ADVFN poster you should look at the BFC RNS and then compare the amount "On-Loan" officially.

Basically BFC has more than of it's shares shorted than are available to be loaned and quite possible more shares have been shorted than are in issue.

Suckers there cannot close their shorts without whipsawing themselves.

You wouldn't happen to have shorted BFC by any chance - Cynic???

All because the aggressive/greedy shorters have got their snouts in the trough.

No thought for the poor people of the North East where the companies operate and that depend on the work for a living.

Exactly the same principles were applied on EEL. Except the EEL is a wriggly creature and this one carries a sting.

Poor, stupid 98.....Burn...that'll learn you to be a greedy b*st*rd.

i shorted BFC very succesfully at 28/30 ... took my profit and would have shorted again at 20 but no one would lend stock.

EEL - Ok; if you want to change the rules a bit, then will happily wager 1000 on 1.30 not being hit on relisting day ..... who will be stakeholder or do I have to trawl back through CHP to check who acted for then in that capacity?

Cynic - Will be back on reopen to take that 1000 from you. Easy money.............

Would not like to be short when this re-lists.......

Equator Exploration Equator in reverse takeover of CAMAC Energy for 172.7 mln stg


LONDON (Thomson Financial) - Equator Exploration Ltd said it has
conditionally agreed to a reverse takeover of CAMAC Energy Holdings Ltd, a unit
of CAMAC International Ltd, for about 172.7 mln stg.
With this, the oil and gas exploration company will acquire CAMAC
International's exploration and production interests in the territorial waters
of Nigeria, it said.
Equator said it will issue consideration shares to CAMAC Energy EP Ltd,
which will own 70 pct of the enlarged group with Equator shareholders holding
the remaining 30 pct. CAMAC Energy EP is CAMAC International's wholly owned
subsidiary.
Equator also said it has entered into two working capital facility
agreements, one with the South African Oil Co, a unit of CAMAC International,
and the other with a shareholder lender.
Under the agreement, South African Oil Co and the shareholder lender will
each provide Equator with a 5 mln stg facility, with a maturity date of Feb 15,
2009, it added.
TFN.newsdesk@thomson.com

Rodders

I don't think it will 1.30 anymore though on relist day.

Maybe 80/90 pence.

whoops! do i hear 1000 winging my way suddenly? .... even 80/90 may prove a goal too far (or something)

Is someone holding the stake money ?

nah! ..... this one wasn't actually officially logged and tman kept changing the rules anyway .... but just a few days ago he was saying how he was looking forward to spending the 1000 i was for sure going to lose

When is EEL going to come back? Wish all shareholders luck.

Great news today.......

LONDON (Thomson Financial) - Equator Exploration Ltd said it will farm out 20 pct of its participating interest in the Production Sharing Contract in Oil Prospecting Licence 323 in offshore Nigeria to BG Exploration and Production Ltd for about 75 mln usd.

It said the completion of the farm out is subject to consents including approval of the Nigerian National Petroleum Corp.

The company had a 30 pct participating interest in OPL 323.

Equator also said it has agreed with its Nigerian partners to buy back 3 pct of the net profits interest granted in March 2006 on completion of this farm out agreement.

Following the transaction, Equator will have a net economic interest, after recovery of costs, of 9 pct in OPL 323. TFN.newsdesk@thomson.com pmi/slm

Rodders

it will be interesting to see at what price sp is restored to listing

A conversation reported from another board, with Rand is that they will
relist the same day as the Admissions document which will be by the 31st Aug?
Yes it will be interesting at what price the SP, have no idea myself.Hoping for 50p+
which in the current market would be more than acceptable.
Not done much research on this company,i had kept an eye on it and once it started to move just bought in on the flow at 35p.
cyril

It is a bad time to come on to the market with so much volatility

Equator Exploration agrees 5 mln usd loan facility with shareholder lenders - AFX


LONDON (Thomson Financial) - Equator Exploration Ltd said it has agreed an unsecured short-term working capital loan facility for 5 mln usd with its shareholder lenders, repayable by Dec 15.

The company said that in return it has agreed to issue 8.375 mln warrants pro rata to the lenders at an exercise price of 30 pence per share.

This may be re-set downwards depending upon market prices during the first 15 days following lifting of the current suspension of trading of its shares, the company said.

The warrants are exercisable over two years and the loan carries an annual interest rate of 6 pct, the company added.

TFN.newsdesk@thomson.com

kal/jfr

Relisted today, news is a not too good, could take a bit of a bashing?
cyril

Down 16p to 25p now. EEL will drop further...SELL


Equator Exploration H1 loss widens sharply; says is a going concern - AFX

LONDON (Thomson Financial) - Equator Exploration Ltd reported a significantly wider loss in what it termed an 'extremely challenging' first half, and said it plans to optimise the value of its exploration assets through a process of farm outs and sales.

The company added it is a going concern with sufficient alternative sources of funding and that a revision of the organisation will be fully implemented by early 2008.

Equator Exploration made a loss of 84.8 mln usd against a restated loss of 3.6 mln usd in the year-ago period, chiefly due to a provision of 70 mln usd against the value of exploration and evaluation assets and a charge of 8.1 mln usd as a revaluation of the warrants issued in 2006.

The company's shares were restored to trading on the AIM following the announcement of the results.

TFN.newsdesk@thomson.com

faj/slm

Who was it who wanted to bet Cynic that it would relist at 100 +

The French Connection and Cynic called this right, cynic said 42 at relist.

my offer of a modest 100 bet still stands, or even up to 500 or 1000 if you wish .... do you have the cojones (am currently in sunny spain!)? .... if so, a stake holder can be found on this site ..... if not, then clearly you are all mouth and trousers
tman100 - 11 May 2007 09:51 - 154 of 188
OK Cynic - I'll take your offer. 1000 that the relist is above 70 pence.

hi aldwickk ..... well i'm off to dubai in the morning, albeit for a few days busy biz, but quite pleasant nevertheless ...... anyway, you seem to have missed something, as sp was relisted at about 24/25 this morning!

Cynic,

Yes, and then they went up to 42, i sold mine long ago some at 340 last at 77.

Watch out for the traffic jams in Dubai [ JCB's, Dumber trucks ect: ] LOL

Got myself some at 16p levels, lets see where the ride goes now :)

Brave man, papalpower.

aldwickk .... that's why i will no longer stay in jumeirah ..... am at 4 Seasons Creek, which is very well placed and of course on the course!

bought at 15p... 3 bagger in a few weeks

To be honest, I can't see EEL going anywhere.

Equator Exploration H1 loss widens sharply UPDATE - AFX

LONDON (Thomson Financial) - Equator Exploration Ltd reported a significantly wider loss in what it termed an 'extremely challenging' first half, and said it plans to focus on securing the value of its assets through a process of farm-outs and sales.

The company assured it is a going concern with sufficient alternative sources of funding, adding that it expects its farm-outs and sales will allow a realignment by early 2008, with a reduction in its operations.

Chief executive Wade Cherwayko said: 'The company's Bilabri Field development continued to suffer from ongoing security issues, including further kidnappings of rig personnel, which resulted in protracted inactivity and culminated in the termination of both the drilling rig and FPSO contract.'

This put the development in significant doubt, and last month the company agreed to transfer the responsibility of completing the project to its partner and block operator, Peak Petroleum Industries, while retaining a smaller interest in future oil and gas production.

In the first half, the company made a loss of 84.8 mln usd against a restated loss of 3.6 mln usd earlier, chiefly due to a 70 mln usd provision against the value of exploration and evaluation assets and a charge of 8.1 mln usd as a revaluation of the warrants issued in 2006.

It also made a provision of 200 mln usd for 2006 due to the uncertainties in recovering its costs.

The company's administrative expenses in the first half of the year shot up to 11.5 mln usd from 6.2 mln usd a year ago.

Looking ahead, Equator Exploration said it has a potentially valuable exploration portfolio in the Gulf of Guinea, offshore West Africa, and that drilling on three deepwater blocks is expected to start in 2009.

'There has been exploration drilling during 2006 and 2007 in the areas surrounding these blocks with encouraging results,' Cherwayko said.

The company's shares, which were restored to trading on the AIM today, fell more than 42 pct by 9.29 am to 24.48 pence.

TFN.newsdesk@thomson.com

Hi folks, I take it they will take the mean price of the shares during the 15 days trading as the warrant price.

maestro ..... does a 3 bagger mean that you think the shares will be worth 5p instead of 15p in just a few weeks? ...... if so, you could well be right for a change, though your timing may be a bit optimistic

Might be time for a bouncey bounce.

Tis bouncing lovely now :)

cynic..the serial loser

???????????? why?????????? .......i am neither long nor short of this stock

and i can truthfully say my portfolio has increased in value by 50% so far in this fiscal year, despite some (inevitable) invalids and disasters ..... can you?

that's strange ..... maestro has gone very quiet ..... i wonder why on earth that should be ...... wonder if the Great Pundit has noticed that a week has now passed and EEL is static to falling?

tosser!

oh dear ..... touched a raw spot have we? ..... perhaps IG and MMs etc have all been ripping you off again .... could not possibly be you making some duff decisions could it by any chance? ...... now don't be shy; you can admit it here .... after all everyone else does

Maestro - how's your three bagger doing? Or is it a de-bagger?

oh dear oh dear oh dear! ..... though to be fair, CSR is about the only substantial gainer today that i have seen

Obviously a divide by three bagger.

EEL is a no-bagger.

Gazprom said targeting Nigerian gas reserves
Sat 05 Jan, 2008 10:24

Are EEL worth buying now ?

NO!

Well, AFR and EEL, it's like the beauty and the beast, when I think that the latter was a stockmarket darling at one time.

been told this will rocket this week..possibly hit 30p

maestro ..... hope you have put lost and lots of money on that statement, and if so, that you have a friendly wife and bank manager and plenty of equity left in your house to allow a remortgage

anyone have anything to add on the newspaper rumour today,I am holding 50k @22p so I need something good to happen

58% rise in 30 mins.

?

hope there's good news to come as I sensed things might be about to happen reading the comments on the other side---I added a few 2 days ago but only have a small amount as it was risky! good luck all holders.

news expected lots of excitement here today----whoosh!! check it out.

Am already in these moneyplus, i do think we will get news soon
Very exciting today to watch em go

The assets that they have is huge in these times of record high oil prices, just one or two problems to sort out first and its off to the racers for us -)

Not the RNS we were looking for but still think longer term we will come good

RNS Number : 3158V
Equator Exploration Limited
27 May 2008






FOR IMMEDIATE RELEASE - 27 May 2008

FOR: EQUATOR EXPLORATION LIMITED

SUBJECT: Share Price Movement







London, 27 May 2008 - Equator Exploration Limited ('Equator' or the 'Company') notes the recent movement in the Company's share price, but is not aware of any corporate developments which could lead to such a substantial movement.

yes I think they are trying to dampen down the sudden rush for shares. If all goes well they were once a 4 share co. and they still have the assets ---who knows???

Nice rise today and loads of interesting posts on the other side. Main excitement being that Evil K has bought in with a target of 1 and tipped it on tIps.com. Happy days!!

Should go back down to 6p soon then!

about to take off again

doing very well it was only 5 p a few wks ago

i bought last week at 15p

Don't think i have ever seen a stock move so fast in less than 1 hour

not quite doubled my money yet in only 3 business days......best pick in ages

always the way wish I'd got in

WOW! I've just got in this is fantastic!

I'm hoping for 20p to buy in. Its not impossible considering that yesterdays rise was huge and the hot money is now slowing down this am.

Typical it jumped 5p whilst typing the last post. Oh well.

what low price do u think it can go before it rockets again.....as farm out news is about to be announced soon.

by the way oily, the hot money is in this morning! check out the volume!!!!

RSI is oversold

Half of yesterdays. 6m bought 4.5m sold, sp opened up 2.5p now up 0.5p. Therefore a drop of 2p on the day, with 1.5m shares to the good. Strange.

MM's always seem to do what they want and slate the price, thats what I'm hoping for.

Moving down again now -0.75p. 25p is on the cards.

Already below that price, I'll wait a bit.

Now at -2.5p all it needs is another 3.5p and I'll have my 20p target price.

it might not go that far oily.....as news immediatelky took it to 20p before suddenly it was 25p. if it goes 23p and then rockets on more news to 40p, dont blame me, lol

WHY 20P

Not to worry if I miss out as there are plenty more fish in the sea.

MM's seem to be enjoying themselves on this one, like a blooming yoyo.

Early days as they havn't started drilling yet and they've only about 40mil in the bank. LOL.

i went to buy at 25p on halifax site and deal was supposed to go through but didnt....i tried again at 26p and same thing happened......this has happened before recently! i'm well pi??ed off with halifax.....sooner we get rid of hornby too the better

i dont think i'll buy more above 26p though until there is more news....if it goes higher, then so be it

I think you've mentioned halifax on line brokerage on other threads before, have you tried ringing them and trading on the phone?

last time they did, they mentioned its cheaper online

to be honest, i'm hacked off with halifax with all sorts of things including people in branches......i'm about to change banks i think

yes, they did it with me on mms.....think news will be out soon on that

12 million trade already! soon be 10% volume today way things r going....by end of day anyway

20 million volume!!!! and still going

who would have thought that

Tempted to buy now but this is such a dire market.

Sp could be 12p or 40p in a few days, who knows.
I certainly don't!

i bought at 24p....so halifax thing saved me a few bob in the end.

there will be news of farm in very soon.........this will go to 50p within next month or so imho

23 Oily what you think getting in yet ?

Still too early to get in...

what about 15p.....i got in then as well....i just topped up at 24p

IMO think it might drop first thing in the am then it will be a good short term trade.

That's the theory anyway!

u might be right dealer.....but dont think it will drop much more....its at 23.25p.....it could drop a penny or 2 max but will last a short time as u say inter day.......anyway if i hold a month i'm sure this sp will be long gone

even at 23.25p though, its still 24p to buy which is what i got already

hhhmm dropped a bit just a now lets see 15p not bad entry point

it came from 15p which was the 2nd spike up.....this is 3rd spike up on graph.

more buys than sells....just.....even so, sp down down to mm games.....lets see where sp is in a months time

if it keeps punging, it will be back where it came from yesterday with the news.....

plunging

I'll use it for my blocked sink then ..

problem is there is nothing else to go by on the chart

well it spiked ysterday from 14p up to 26p....and it started up this morning morning to 34p.......so thats a 20p spike......if you take 2/3 of that gives about 12.5p hence 21.5p should be lowest we see........i thought half way down to 24p would be enough but obviously not

It did say in the statement the warrants had been granted at 8p which suggests the company believes the sp is well over bought.

After saying that, IMO it won't retrace much more.

so worth a punt at these prices then ?

also, lowering price as it has in last 15 mins or so means more and more and buying hence making the volume totally mental!!!

at this rate all the shares will be traded, lol

From looking at the chart RSI is overbought on that basis i think we may see a drop before a rise up.... still not convinced to buy at these levels going to sit back and watch very closely

I agree, I think EEL will go back to 15p

well EK has a target of 1 on this

Yes, 15-18p I reckon will be a buy tomorrow.

All IMO of course.

Why all of a sudden the price drops and every on thinks,just because they lost not to buy at 15p,same can happen again,its been sea of red on most stocks today,tomorrow is a new day and who knows this could go the other way,like it did yesterday evening which is up,people might not even see 15p again and might end up paying more than they hoped for,its a funny old game this share dealing.
Smiles one day than if down the next all kinds of speculation starts to pour in.

cant see it hitting 15p again......18p would be the bottom if it reaches that......however, i got a big stash ready if it hits 18p like i did at 15p......and also most people know the news now so if mm's drop it to 18p, expect them to be swamped with tens of millions of buys from around the country.......might get to 50 million trade volume tomorrow if that happens!

I'm expecting it to drop first thing to scare out weak holders. I don't know how soon or by how much the next rise will be, but there will be one that will be deliberately overdone so that sp can retrace for the mm's to make their corn.

I considered selling some TAIH this am to buy in and at that time I could have purchased 4300 EEL for every 10000 TAIH. I'm glad I held off as TAIH was up 12% and EEL down by 5p per share. The same deal now would be 6600 EEL for every 10000 TAIH. If we have a similar day tommorrow it could be 1 for 1 or 10000 EEL for every 10000 TAIH. As TAIH are entering their results period I am expecting them to almost double this month so I am not too worried about EEL's sp at the moment, however I shall keep watching and if the opportunity presents itself, I'll be in.

The sp movements on EEL make it tradeable on a daily basis at the moment, so with constant tooing and froing of price there is always a chance to get in cheap. Good luck all. IMHO DYOR.

Precisely oily.

Very few shares are tradable atm. This is one so I for one have to take the chance. Nothing certain of course.

there is news by middle of june.....AT THE LATEST!! that means week next friday at latest so only 6 days max for mm's to p?ss about. the arbitration has to be done or peak forfeit their stuff worth tcf......so thats more than 60 million quid to add onto sp.......sp will be min of 50p by end of next week

i'm going buy another 100,000 if they go to 18 or 19p

Too many being bought at the same price, sujests an overhang or large seller in the background. Could be down again at end of day.

The initial surge came to nothing. Still think it will drop and then they'll be a buying opportunity. That is of course if there are any buyers or indeed people left interested in the SM.

The trouble is that at the moment there are too many day traders invested in EEL. All the profit taking is stopping sp from rising much further. Once sp settles and more long term investors replace the day traders, then sp will continue to rise. IMHO.

Scotinvestor, I'd prefer you to spend your money on 120,000 TAIH shares if you can get them.

THIS IS ME RAMPING AS I HAVE BEEN INVESTED FOR OVER A YEAR AND NEED TO TOP SLICE BUT HAVE TO WAIT FOR RESULTS.

Seriously though, I'm not too sure about this one at the moment, risen too quickly for my liking. Although I do believe that they have enough to justify a re-rating.

very quite.

or 'quiet' even.

Tis so quiet I can actually here my money crying out to me in my loss making stocks.

'Come and save me' they're shouting 'before we disappear in rights issues ..'

your 18p is seeming far away!!!

Yes it's typical of this market.

You aim for a price to get in and the sp does the opposite.

The problem is I have an awful lot of money tied up in shares which I'm not getting back as most sp are static. Now only want to put on when fairly certain of good return which means you lose a few opportunities.

Will this be 30-40p next week?

Who the hell knows.

yes dealer, i have a fair few shares that i'd like to get rid of but sp aint doing too well in them so will be medium hold i think.

read last rns dealer.......there will be 123$ given to eel.....latest by middle of june, ie. next friday at latest but i expect a few days before that.
also, farm in will be announced later in month worth 75$.....with another farm in to follow soon after.

even 123 plus 75 gives about 200million $ ie, 100 million quid which is at least 53p for eel......but other farm in and other info on other blocks!!!! this will be 1 quid min .....not sure when though

Yes I did read it when it came out and missed the huge rise cause I had little money left!!

You could argue some of it is priced in.

The thing about the SM though is you have to go with the trend whether it makes any sense or not. EEL is very popular atm so it is silly to miss out on the fun!

if u bought at end of next day at 21p, u wouldnt have missed the rise too much as it only surged from 15p the previous day up to 34p at start of next day.

i dont agree what i say is priced in......with 2 bits of news coming this month, this will be min of 53p....plus other farm in will take it to >70p.....also, they have other blocks which should be a bit of a cash cow.

this is a no brainer so not sure why u r quibbling over a few pence.....and whether u buy on a wed or a fri.....hold for a month.....or medium term and i'm sure u will be laughing

fair point although I'm not laughing about some of the shares I hold!

Did make some money on XTA this am.

buys stuffing the sells today......surprised to see sp up!

haha, mm's must be getting submerged with these buys.....theres much more to come too

Announcement on cnn last night but no rns out--eel have 9% of a field estimated to contain 263 billion !! barrels when this is out properly I expect the sp to continue up to the sky. check out the other side lots of excitement. difficult to buy at the moment.

If that is so then explains the sp increase today

yes i read it on iii last night from an informed investor.

that plus award of 123 million plus 2 confirmed farm ins soon plus other blocks......expect to hit 1 this year and maybe much more.

how much would about 250 million barrels add to sp? any guesses.

sp was affected initially by the unemployment data.

suggest that now fall is due to a lack of rns

dealer, r u a novice on shares?

companies dont give out rns every day!

the info about billions of barrels the market doesnt know about yet.
sp is just on speculation.....hence once award goes in, up she goes, then farm in, up again and so on

have u got the picture now?

Please don't take the p*** my friend.

You wouldn't like me when I'm annoyed! lol

What I've said is correct like it or not.

The sp shot up cause people thought the rns was coming. Cause it's Friday and it appears it is not coming people are now selling off for the weekend.

simple really.

You must be able to understand that up there surely.
Mind you ....

..which might make it a buying op now ....

Woaded One .... just because you have not been able to target me of late, please try to resist the temptation of venting your spleen at others

would the share price hit a new high next week,any one.

scotinvestor whats your take on this stock please,also i have recently followed ceryls posts and have noticed all the feed back about certain stocks have been spot on ,and i thank you both for your valued analysis.

there should be another rns this week IMHO.....this will confirm the award of 123 million......

for some reason, the market boys aint reacted to it properly.....also farm in of 75 million will be announced very soon by end of june thereabouts......that alone will take sp to well in excess of 50p......also another farm in will be coming shortly after all this.

plus they have 9% of reserves of about 2.5 billion barrels which market doesnt seem to know about!!!!!! is that enough for u

hold this share until end of june and i'm sure 30p wont be seen ever again

if thats the case i will hold on,which ever way it goes your analysis are again appreciated.but hey keep up the good work at least i know for a fact by these posts its not a ramp.thankyou.

Evil K tipped this one last week to go to at least 1---he remains supportive and has added. All his followers must have added but they can move on any time as we all know to our cost!!

evil knieval added MORE TODAY....from tips diaries....he is quoted as saying that STOCK MARKET HAS NOT TAKEN NOTICE OF APPENDING AWARD PLUS ALL THE OTHER FORTHCOMING NEWS.

he tips it today to go min of a quid but probably more....and all this within a few months.

lets say sep or oct maximum and this will be a multi bagger

Unless this company comes out with an RNS, IMHO I don't care what anyboby says, sp is going down. Long term up yes, but short term ...

an rns should be out this week......thats at least 3 times i have stated this!!

what do u class as long term.......i doubt your long term is what is long term......i hold some shares for 5 years plus which is long term

I thought you'd bite! You sound like my mother! lol

Not interested in 5 years. Far too long for potential problems.

I think you're right in that 2-6 mnths it will be up but as a short term trader I'm looking at quick in and out. If it keeps falling, IMO it will be a good buy.

... because nothing ever goes up in a straight line. There is always a pull back even if it is only a minor one.

go and trade then instead of your inane comments on this thread.....its boring hoping to see useful comments when it turns out to be yours with no added info apart from the blindingly obvious. u last comment sounds like cynic recently....and no, thats not a compliment, lol

At least he knows what he's doing.

Reading some of your posts you sound like an deranged amoeba.

oh yes....cynic buys tan at 108p or around that price.....that was a great move! he bought lead or some other crap whose sp collapsed....theres more of thiose but i dont really care.

and personal insults is another trait of his similar to you.....maybe u r the same person....siamese twins....or just sexual partners, lol

if u wanted a pull back u could have done it before last major spike up....i bought at 15p but inter day before spike up it went as low as 13p....when couple of days prev it was 16p

good buying opportunity for u now dealer perhaps? its 27p

scotinvestor keep it going,and please avoid any arguments because they are not worth it.i wish luck to every one,i am holding until it reaches at least 60p.

me too ateeq.

have a nice day

Tis on the way down .......only an RNS will save it.
You'd better hope you're right scot otherwise you've let the profit slip away.

Umm .. a bit like a Scottich goalie really lol

u must be really old to say that......in fact english goalies are the laughing stock up here......against croatia both games in qualifiers.....robinson and carson r dreadful.

scotland have have good goalies in last 25 years with leighton, goram and gordon....and we have allan mcgregor waiting too right now who is at glasgow rangers. any decent goalies in england r foreign right now, a bit like the managers. actually a bit like every worker, lol.

i said it fell to 27p....i dont know if u took the plunge but i cant see it going much lower as share has had almost full week to go up and down and its been in 26-30p range for last few days

anyway, i hope u have a good day dealer, whatever u decide.

doesn't take much to push your buttons does it ;-)
I thought I was on the football thread for a minute!

If you read the last statement, Peak 'intends to satisfy in full, the terms of the BSA at the latest by the middle of June 2008'. So whilst I agree there may be a RNS this week, I feel it is more likely to be next week. By then I will be sunning myself on a Turkish beach with a scotch in one hand and a beautiful woman in the other (well fairly beautiful anyway). I very much doubt I shall care by then lol

Good luck for both.

Thank you

make sure u get a good whisky....although not sure if u r in turkey....highland park whisky i like

have a good trip anyway......make sure u put some suncream on too

have a good day

single malt. I shall have to take one.

a lot of shares down today....even though ftse down about 30 or so

Stick to your plan scotinvestor a healthy retrace is good for us, we have come along way since 6p
Mr Rand is getting this company back on its feet, a long journey to go yet don't get drawn into the small retraces -)

the drop today reminds me before last spike up.....then rns was made.....just need to wait a bit.

right i'm away out now to do some shopping.....if rns comes, give us a phone keith, lol.

have a pint on me :-)

and me too if the rns is positive.

i can feel an rns coming......come on ateeq, post that rns

Wish i could,any way i wish you all the best for the rns.which i am hoping will be positive.

These small blips up and down today tells me something is going to be announced today perhaps.getting ready for lift off like last time.

theres rumours that peak have coughed up the cash.....not sure when rns will come though, it could be monday next week

So what does that mean,overall sell or hold.

In this market I believe along with many others, short term trading is the only way to go. Any positive RNS from this company will shoot the sp to the stars. The only way to really gain is to buy beforehand but then you run the risk of the RNS not being positive and the sp bombing even if only temporary.

Golden rule in this market is make your profit and get out.

well i am waiting to be in profit as i bought at 27p,so long way to go yet,but the moment it might go to50s i will sell regardless.

EK tipped these again yesterday on his site--bought shedloads at 30p his 3rd purchase. It's very unusual for him to go long but there is a need to be wary as he can sell and short very quickly!

yes i saw that too about ek buying more......if he does short, it wont be at 30p or less though! and he also said it will be within few months to reach a quid or MORE. mmmmmm

i think it just needs to be out of this range of 26p-29p,once crossed i think we could be in the late 30s.

Mondaycould be the day,have waited since the last rise,and hope for the same fingers crossed.

EK is not very good in going long.

who is apart from warren buffett!!! and he is in usa

show us one of your many graphs....which we can all see from ourselves by typing in a company epic anyway

A little movement this morning lots of buys coming in now

todays movement of bringing sp down early on and then gradually moving up is exact same as last big spike when news came out during the day.

can we be getting news today? hmmm

ps: peak have signed an agreement for an fpso before end of year for bilabari field

Maybe a step nearer getting our money from peak and some oil and gas later this year

mm's playing games....sp dropped 1.5p

or is there something going on

Looks to me only m/m shaking scotinvestor, from the last RNS possible news this week hopefully

Not an easy ride but rewards later, a little resistance just shy of 30p but the journey is still on track

i have never held on to a stock that long,but with this one,one way or the other i will wait,its been a bit volatile today to say the least,hopefully news should be out soon.

the mm's for last few days put sp up to 29 or 30p every day and by end of day its 27p or 27.5p.....they like all the trades to earn their dough, more than 3 million traded which is a lot for a basic day.

also remember the 2 fARM INS....i should be announced this month....maybe eel will announve both award and 1st farm-in at same time....if that happens, sp should be at least 55p

dont forget the 9% reserves of block 2 of 2.5 billion barrels

SP119 on the other side gives a very detailed post on the value of eel assets the main point of excitement being his very conservative estimate of 378 barrels daily from approx end of 2008 until late 2011 or roughly 45k daily in eel's pot!!! not allowing for their gas potential and other deals. I don't think I'll sleep tonight!!!

i actually bought this hoping to hold for 2 or 3 months until award, 2 farm-ins and possible other farm-ins.

now cos of research into reserves etc and fact that fpso will be available this year, i might have this as medium term hold

i agree this will be i quid min

what a wait for the rns.still holding but patience is running out.

What is this??? Very big drop today.

Should the market jitters re latest RNS unduly concern holders? Ie how much does this company depend on Peak's financing.
would it be a complete disater if it didn't come off. ie the oil is still in the ground one would just have to wait longer[until refinancing sorted] to get it out.
Alex
I dont hold but thinking about it. [i nearly bought in this morning but was waiting to trade another stock first to finance purchase. a lucky escape by all accounts or an opportunity to buy more for the same money!]

i don't follow this stock thank goodness, for it has a bad track record .... any whiff of litigation (and in that bastion of probity of Nigeria), which would seem to very much on the cards per the latest RNS, is never going to encourage other than sellers

could go back to sub 10p

A bounce back from yesterdays lows at one point about 15p but now into the low 20s
Apart from the dispute with peak oil we have other things going on, the farm out of OPL323 with British Gas, a possible farm out of OPL321
We have interest in JDZ block 2 and the option of 2 blocks in EEZ

Am happy for Mr Rand to do his job and step by step to put this company back on its feet i guess we will all have to wait and see

EEL's shares suspended....that's not looking good.....just when I was thinking of getting in !.

last time they were suspended, it was several months and returned worth about 50% of previous

the chart is positively grotesque ...

a bit like u then cynic

maybe 50% down could still be a winner considering the battering today on markets plus rest of july coming up

rumours circulating on the iii thread that this has gone bust due to high debts and no cash - probably what peak was hoping for if that is the case...

If you listen to the rampers on advfn, this suspension is a good thing!

unbelievable!

sp can't fall while suspended!

lol......true

anyway its too depressing esp last 2 months checking out most shares these days......if a share goes up, u can bet others u have are way down....or some of the nick up a bit and the one that went up gets battered.
that and shorters stealing shares.....i see italy and germany r hoping to stop shorting soon.

shorting ..... i would very much doubt your story, not least because both countries are in EU and assuredly any move would foul of legislation ..... in any case, for A to short, B must be willing to offer the stock ..... hence, there are occasions, when shorting is impossible - Eurotunnel was a good example 2/3 years ago

RNS Number : 8658C
Equator Exploration Limited
05 September 2008






FOR IMMEDIATE RELEASE - 5 September 2008

FOR: EQUATOR EXPLORATION LIMITED

('Equator'or the 'Company')

SUBJECT: Settlement with BW Offshore and update on suspension of share trading





London, 5 September 2008 Equator hereby makes the following announcement to provide details of a settlement of one of the Companys outstanding contingent liabilities and an update on the current suspension of share trading.

Contingent Liabilities

Equator and a number of its wholly-owned subsidiaries have entered into an agreement (the Settlement Agreement) with BW Peace Limited, a subsidiary of BW Offshore AS (BW), to settle all outstanding amounts resulting from the termination of a contract for the provision of an FPSO for the Bilabri oil development in OML122, offshore Nigeria. This Settlement Agreement has now become unconditional and as a result, the contingent liability of US$52million for early termination noted in our most recent financial reports is reduced by US$10million. In addition, if payment is made before 31 December 2008, there will be a further reduction of US$12million, resulting in a net settlement of US$30million plus interest instead of the original potential of US$52 million.

The Company has already paid US$20million, as guarantor under the FPSO Contract. Therefore if payment is made prior to 31 December 2008, a termination payment of US$10.6 million plus interest will satisfy in full all claims from BW. The Company has arranged for the settlement amount to be assigned from the cash proceeds receivable under the farm-out agreement on OPL323 with BG Exploration and Production Nigeria Limited announced on 17 August 2007.

In addition, the Settlement Agreement requires that the Company pays for variation orders under the FPSO Contract. The amount due for one variation order is still under negotiation with a third party but the total is expected to be no more than US$8.2 million, excluding any interest which may be due. Provision has been made under the Settlement Agreement for the variation orders to be funded from the cash proceeds of any farm-out of the Companys interest in OPL321. However, provision has also been made within the Bilabri Settlement Agreement, dated 13 September 2007 (BSA), for amounts due under the FPSO Contract to be paid from the proceeds of the financing of the Bilabri oil development being arranged by Peak Petroleum Industries Nigeria Limited. The status of this financing will be addressed in a separate news release.



2007 Annual Report and Accounts

The Companys shares were suspended from trading at the end of June because the 2007 financials had not been published within the required period of 6 months from the end of 2007. This was due to complications resulting from the implementation of International Financial Reporting Standards and their effect on the accounting treatment of the loans and warrants issued by the Company and of their subsequent re-pricings and repayment deferrals. The treatment has now been agreed with our auditors, PricewaterhouseCoopers, and the financial statements have been submitted to them for their final review. The Board of Directors will publish the 2007 Annual Report and Accounts as soon as it has approved the financial statements. Once published, the Companys share suspension is expected to be lifted and share trading should therefore re-commence.

An update covering other current issues will be distributed in due course.




Enquiries:




Equator
+44 (0)207 235 2555

Philip Rand



Chief Executive Officer








Beaumont Cornish Limited (Nominated Adviser to Equator)
+44 (0)207 628 3396

Roland Cornish








Fox-Davies Capital Limited (Nominated Broker to Equator)
+44 (0)207 936 5234

Richard Hail








Buchanan Communications
+44 (0)207 466 5000

Bobby Morse/Ben Willey












Information on Equator




Equator Exploration Limited engages in the exploration and development of oil and gas projects in highly prospective West Africa. Equator's objective is to build a diversified portfolio of exploration, appraisal and production assets in the region. The Company has exploration interests in the territorial waters of Nigeria and of S Tome Prcipe as well as in the Joint Development Zone between the two countries.







Additional information regarding the Company can be obtained from the Company's website at www.equatorexploration.com.


This information is provided by RNS
The company news service from the London Stock Exchange

END


MSCILFLVAEIEIIT

Thanks for that. Don't own but this used to be 'THE' trading share so it will be good to get it back into action.

Not quite dead yet.......

FOR IMMEDIATE RELEASE 6 July 2009
FOR: EQUATOR EXPLORATION LIMITED
SUBJECT: Shareholder Update

London, 6 July 2009 Equator Exploration Limited (The Company or Equator)
wishes to update shareholders on recent events.

OPL321 and OPL323

The awards of the Production Sharing Contracts (PSCs) for OPL 321 and OPL 323,
in which Equator has a 30 per cent share, have been the subject of a number of
inquiries culminating, in January 2009, with the voiding of the award to the operator,
the Korean National Oil Corporation (KNOC). The voiding of the award is now the
subject of a High Court hearing in Nigeria with KNOC as the plaintiff seeking
restitution of its interests in the blocks. There have been a number of sessions at the
High Court but as yet there has not been any conclusion to the case. An interim
injunction prevents an award of the blocks to the ONGC consortium, which includes
Equator, while the current High Court hearing continues. The next hearing is
scheduled for 8 July 2009.

Despite the uncertainty in the eventual judgement of the hearing, the Company has
confidence that the value of its investment of US$180 million in the two blocks will be
preserved. Whether the blocks are taken over by the ONGC consortium or kept by
KNOC, the farm out of a 20% interest in OPL 323 to BG could still be completed. If
neither of these happens, the Company is entitled to receive a refund of the signature
bonuses. However, the timing of any such outcome remains unpredictable.

JDZ Block 2

On JDZ Block 2, a cost-effective option has become available for the drilling of the
Bomu-1 exploration well in 3Q 2009, enabling the one well obligation of the Phase 1
Exploration Period of the PSC to be fulfilled on time. If the option is taken, significant
funding will immediately be required for the Companys share of the cost of the well.

Financial Position

The Company has debt from loans and unpaid interest, which has grown to more than
US$100 million, drawn down mostly to fund the aborted development of the Bilabri
Field. During the period from January 2008 until May 2009 borrowings increased by
only US$6.3 million as the Company reduced costs and continued to maintain its
interests in the exploration assets by paying cash calls of US$3.4mm.


NEWS RELEASE
The Board has been evaluating ways of ensuring that the Companys assets are not
lost and value is retained for shareholders, lenders and suppliers. The current
absence of availability of funds from the capital markets for exploration companies
with no production, compounded with the Companys de-listing from AIM and the high
debt, has made it impossible to raise funds through traditional routes.

The Company is in the process of finalising a complex financing which will, when
completed, extend the maturity of debt and provide some interim funding to ward off
immediate pressure from creditors. It is intended that the arrangement will also
provide an opportunity for additional funding in the future.

Further details will be announced as soon as possible.

--------------------------------------------------------------------------------
Rodders

London, 9 July 2009 Equator Exploration Limited (The Company or Equator) hereby announces that it has concluded an interim financing with Vicuna Holdings Limited (the Lender), a private investment company, which will help to secure the Company and its assets. As indicated in the News Release on 6 July 2009, Equator has been in a very difficult situation for the past two years. The uncertainties surrounding OPL321 and OPL323 and the burden of debt have made financing for the drilling in JDZ Block 2 and for the acquisition of our option blocks in the Exclusive Economic Zone of S Tome Prcipe extremely difficult. Over the past two years, the Board has worked tirelessly on evaluating ways of ensuring that the Company does not lose all of its assets because of lack of funding and leave the creditors and shareholders with nothing. The capital markets, for pure exploration companies, have remained at rock-bottom during the past year. The loss of the listing on AIM, which was a direct consequence of the uncertainty surrounding the value of the interests in OPL321 and OPL323, combined with the existing high debt has made it impossible to raise funds in the current environment through traditional routes. Procuring immediate funding and securing the ability to continue to pay cash calls on the Companys major assets have been the main drivers for the interim financing. The Board is in agreement that this transaction is in the best interests of all stakeholders. Features of Financing Structure The financing involves the advance of up to US$17.55 million by the Lender, secured on certain of the Groups assets. - The advances are repayable by 31 December 2009 and are convertible at the lenders option in whole or in part into shares at 5 US cents per share; - The lender has the right to appoint two additional directors to the board of the Company;- Advances bear interest at 8 per cent per annum; and- Completion was subject to finalising settlement agreements with certain creditors which has utilized US$12.55 million of the total facility amount. In associated arrangements, other lenders have agreed to the extension of their existing loans totaling US$110 million, including unpaid interest, as follows: - US$88 million plus interest to 31 December 2009 at 8% interest- US$5.6 million plus interest to 30 September 2009 at 18% interest In consideration for these extensions and variation to the interest rates, these loans have become convertible into ordinary shares in the Company also at the price of 5 US cents per share. Drawings and Conversion The Company has to date drawn in total $5.02 million under the new facility; According to the terms of the financing, a total of approximately US$4 million was committed to payments under creditor settlements and payment for overdue cash calls. The lender has exercised its right to convert the advances into shares in the Company at a conversion price of 5 cents per share. The Company will therefore issue 100,450,340 new Common Shares of no par value ranking pari passu with existing shares, representing approximately 34.9% of the enlarged issued share capital. Summary Equator is pleased to have secured these financing arrangements as they: - secure working capital at a time when capital markets are very difficult for pure exploration companies;- avoid being put into liquidation by large creditors;- provide security for the cost of exploration well Bomu-1 on JDZ Block 2 which could spud in July/August 2009;- provide time to maintain the Companys interests in its deep water assets irrespective of whether there is to be a cash refund or a continued allocation in each PSC; and- provide a way to ensure that value is secured for projects that had drained significant value from the Company. Enquiries: Equator +44 (0)207 235 2555Philip Rand CEO/CFO Philip Dimmock COO

well Philip Rand could have walked away so despite the dilution at least we're still alive and can hope to eventually get our money back---or even some rewards!!

EEL is well chosen

Equator Exploration Limited - Announcement of Update on Financing, Share Issue & Board Changes‏

London, 12 August 2009 Equator Exploration Limited (The Company or Equator) hereby provides an update on financing activities, share transactions and changes to the Board of Directors. Financing and Share Activities On 9 July 2009, the Company announced that it had entered into financing arrangements with Vicuna Holdings Limited (Vicuna) to provide up to US$ 17.55 million in loans. In addition to the terms described then, it can additionally be announced that: - The financing facility between Equator and Vicuna was assignable to Oando Plc (Oando), a vertically-integrated oil and gas company listed in Nigeria and South Africa; and - As a condition of the extension to the term of the US$ 65 million secured bridge facility, the lenders have been granted a right, yet to be exercised, to appoint two additional directors to the Board of Equator. Since the execution of the financing agreement with Vicuna, the following has occurred: - The Company has drawn down US$ 2.2 million, in order to pay outstanding cash calls for JDZ Block 2 and to provide working capital.- It has also drawn down US$ 2.82 million which it has paid to major creditors as part of agreed settlements. - Oando has declared that it has purchased 53,444,578 common shares in Equator.- Vicuna has assigned all of its rights and obligations in the financing arrangements to Oando, including the 100,450,369 common shares it gained from conversion of loans made to date into shares. - As a result, there are now 287,941,930 shares in issue, of which 153,894,918, or 53.45%, will be owned by Oando.- Oando has provided a corporate guarantee of US$ 5.4 million as adequate security, required under the joint operating agreement, for Equators share of the costs of the planned JDZ Bomu-1 well in Block 2.- Oando has provided a second corporate guarantee of US$ 2.8 million to secure replacement performance bonds required by the Joint Development Authority for Equators share of the minimum commitment work programme for Block 2. This will release US$ 2.8 million held as collateral for the current performance bonds. Oando is willing to purchase further shares from shareholders who are interested in selling. They are advised to contact Fox-Davies Capital Limited, who are acting for Oando. Changes to the Board of Directors The Company announces the resignation from the Board of Philip Rand and Ted Giletti. Philip Rand has also resigned from the combined position of Chief Executive Officer and Chief Financial Officer. The Board would like to thank Philip and Ted for the contribution that they have made to the Company. Philip Rand has agreed to remain with the Company in an advisory capacity for a period of time. Enquiries: EquatorPhilip Dimmock+44 (0)207 297 42921st Floor50 Curzon StreetLondon W1J 7UW Additional information regarding the Company can be obtained from the Company's website. The Company's website can be accessed at www.equatorexploration.com.