Equator Exploration Share Discussion Threads

[simon follett] 24/1/2025 13:34

Funny. US LNG exports hit record highs recently and is set to continue until the US gas price normalises with the rest of the world. Trump thinks both gas production and LNG exports will increase and prices to remain low, however the opposite of prices is true.

[geordieduke2] 23/1/2025 23:31

Beyond deluded

[d1nga] 23/1/2025 18:38

Deluded

Its gone 🙁

[simon follett] 23/1/2025 18:12

We are overdue an update from EEL, but they remain delisted. The longer it takes to relist the more valuable EEL becomes. If Oando want to buy the remaining shares it is best to do it sooner. US shale gas peaked in 2024 and is currently on a plateau, while global oil will peak in around 2028, hence prices will rise significantly once the peaks have been reached. BTW "peak demand" is nonsense and will never happen. Trumps "drill baby drill" programme will have limited bearing on the geological peaks of gas and oil.

[gopisharma] 23/1/2025 14:39

What is the current state of EEL ? Anyone knows what happened to it's shares?

[simon follett] 21/1/2025 13:51

I think that was $150 million IPO. I may be wrong.

[jibba jabber] 20/1/2025 19:07

250mln ipo was back in 2005/2006 wasn't it?

[bahamasoil] 11/1/2025 13:23

I think relisting as EEL is off the table.
More likely is an attempt to list Oando Energy Resources Inc as a separate entity and in the process attempt to reduce the EEL content below the current percentage.

This will be determined as the future ownership/licences of OML 122 and the OPLs are clarified.

[simon follett] 11/1/2025 11:16

Well the Equator web site did say, before it was replaced with an error message, that there would be a £250 million IPO this year. It is unlikely to be a mistake, so I believe it will happen. Also, the exchange rate between USD and Pounds is headed towards parity again, who knows, maybe it will reach it this time. The closer to parity the more Pounds we get from the conversion.

[10009504] 11/1/2025 07:59

is this likely to relist?

[simon follett] 11/1/2025 04:24

In 2008/9 we saw the gas price go down with EEL's share price as US shale gas production took off, now we are seeing the reverse. The gas price is rising as consumption outstrips shale gas production, increasing EEL's valuation. We could see the Henry hub gas price climb past $10 within a year and an increasing oil price won't be far behind as shale oil production starts to firmly plateau. Yesterday gas hit $4 again and Brent oil hit $80.

[fatfish] 01/1/2025 17:22

Can't ever see EEL relisting myself, it is corrupt, like most shares on aim.

[jeaniehow] 01/1/2025 15:46

Hi Simon, your reporting of the situation in Nigeria and EEL is much appreciated and I'm more hopeful now that it will relist after all these years.

[simon follett] 01/1/2025 15:09

Happy new year. The Nigerian oil and gas sector is hitting new highs again. The market is favouring these stocks suggesting the idea of corruption is losing ground spectacularly. Of course we are hopefully expecting EEL to relist this year making it an extra good year. There is still room to see further gains in various markets including the brent oil price.

[simon follett] 31/12/2024 13:18

The Henry Hub natural gas spot price touched $4.2 before retracing. The more above $4 the more profit EEL make on the sale of their gas.

[luckyswimmer] 27/12/2024 14:27

"Drill or Drop" I guess that means a bit of pressure to strike z deal before the licence is lost. Thanks Bahamas, my worry is IOCs have lost interest in Nigeria now that the tax goal posts were moved before the IOCs received their return on capital. Personally I would prefer to invest in offshore Namibia rather thsn Nigeria.

[bahamasoil] 27/12/2024 13:43

Drill or drop

About bloody time,

[bahamasoil] 13/12/2024 08:48

The Company have access to a share register at ComputerShare, although with time it will have become obsolete.
When a value is finally attributed, it will be distributed. Without access to a share certificate, as in your position I would suggest you contact the Company or confirm that you are listed with ComputerShare.

[fatfish] 13/12/2024 07:58

Did they close your account or did you.
You should have been given a share certificate which you would have had to pay a small amount for.
Other than that, i have no idea.
When I closed my account I asked for the share certificate.

[martym] 12/12/2024 23:40

Question please I had lots of these shares in accounts that have now been closed by tdwatethousr and city index. In the event that value it realised here can it be recovered thanks

[geordieduke2] 11/12/2024 12:17

Have I slagged off MrK? I said he had the balls to do something and if that paid off for him then good luck to him. Was he trying to get something back? Maybe. I'm skeptical and cynical, when a special group declare themselves special, tell everyone that they are the special liaison group, there for their benefit. The recipients believe this false hope, lap it up, fawn over them, it's sad and if you question or challenge it, then you're ostracized for it. Like MtK, this scam is long gone and whatever happened it's gone forever so it doesn't matter.