Jon (MoneyAM)
- 02 Jun 2005 16:06
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
aldwickk
- 08 Dec 2005 07:37
- 13 of 370
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
TheFrenchConnection
- 08 Dec 2005 17:59
- 14 of 370
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 .. ... .
elrico
- 08 Dec 2005 18:21
- 15 of 370
"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
aldwickk
- 19 Dec 2005 17:05
- 16 of 370
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
TheFrenchConnection
- 30 Dec 2005 19:48
- 17 of 370
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
TheFrenchConnection
- 30 Dec 2005 19:57
- 18 of 370
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 . ...
TheFrenchConnection
- 30 Dec 2005 23:14
- 19 of 370
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
aldwickk
- 31 Dec 2005 13:38
- 20 of 370
@ 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.
TheFrenchConnection
- 31 Dec 2005 20:00
- 21 of 370
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
aldwickk
- 06 Jan 2006 16:42
- 22 of 370
Price now past 300p, 300 --- 302, drill results next week ?
TheFrenchConnection
- 06 Jan 2006 16:44
- 23 of 370
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
TheFrenchConnection
- 06 Jan 2006 16:57
- 24 of 370
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
TheFrenchConnection
- 09 Jan 2006 09:31
- 25 of 370
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 !!
aldwickk
- 09 Jan 2006 10:00
- 26 of 370
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.
TheFrenchConnection
- 09 Jan 2006 16:55
- 27 of 370
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 ,,, ,,,,,@+
TheFrenchConnection
- 10 Jan 2006 12:09
- 28 of 370
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 ....
aldwickk
- 10 Jan 2006 12:31
- 29 of 370
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
LIcom
- 10 Jan 2006 21:47
- 30 of 370
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.
TheFrenchConnection
- 10 Jan 2006 21:50
- 31 of 370
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.
TheFrenchConnection
- 10 Jan 2006 21:59
- 32 of 370
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 !!!