Equus subsidiary morgan e&p provides update on reserves

Houston, feb. 14, 2024 (globe newswire) -- equus total return, inc. (nyse: eqs) ("equus") today announced that its wholly-owned subsidiary morgan e&p, llc ("morgan"), has received from cawley, gillespie & associates, inc. (“cg&a”) an updated reserve estimate as of january 1, 2024. morgan continues to acquire mineral rights in the bakken/three forks formation in the williston basin of north dakota, and on december 18, 2023, announced an increase in its acreage in this area from 4,747.52 net acres to 5,976.84 net acres, an increase of 1,229.32 net acres, or approximately 25.9%.
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