Equus Energy Sells Working Interest in Haley Field
Equus Total Return, Inc. (EQS)
US:NYSE Investor Relations:
equuscap.com/investor.htm
Company Research
Source: GlobeNewswire
HOUSTON, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Equus Total Return, Inc. (NYSE: EQS) (“Equus” or the “Fund”) announced that Equus Energy, LLC, a wholly-owned subsidiary of the Fund (“Equus Energy”), has sold a portion of its working interest in the Haley Field in Loving County, Texas for $600,000. Equus Energy’s working interest in the Haley Field consists of a 11.25% working interest in three gas wells and 1,440 undeveloped acres located in the Permian Basin in west Texas. The present sale encompasses one gas well and 640 undeveloped acres, with Equus Energy retaining the remainder of its working interest in the field. In December 2016 and August 2018, Equus Energy sold its working interests in the Dewey Lake and Worsham-Bayer Fields, respectively, each also located in the Permian Basin. These interests, which encompassed an aggregate of 280 undeveloped acres, collectively sold for $450,000. Equus Energy is continuing to explore the possible sale of some of its other oil and gas in
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