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

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

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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.