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

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