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

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.'