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EEL Equator Exp.

0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Equator Exp. LSE:EEL London Ordinary Share VGG3084F1282 COM SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 20.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 20.50 GBX

Equator Exploration (EEL) Latest News

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Equator Exploration (EEL) Discussions and Chat

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Equator Exploration (EEL) Top Chat Posts

Top Posts
Posted at 03/1/2024 10:41 by riskyinvestor
Put Petrel Resources on your watchlist

My target price for that is £5

Presently 3.40p

Rumours of BLOCK 6
Posted at 06/12/2023 07:54 by riskyinvestor
Have been to AGL and he does not post there

I want the truth known

I have backing of a couple of millionaires to back me up and find how EEL shareholders were robbed bigtime.

EEL share price did peak at £3.50p

It is not over yet

Keep watching this space

I hold 52,000 shares in this
Posted at 04/12/2023 23:51 by geordieduke2
Whatever it was or wasn't, it was 10 years ago, was as real as the oil in EEL and as real as the SLG. You've been scammed, your money was gone the day you donated it.
Posted at 18/11/2023 15:33 by whowants2bamilionare
The penny dropped a long time ago Geordie, as some of the early and genuine long term EEL SLG members, might remember from the replies I received from Mrk and SPP!

You might be frustrated with the EEL SLG's (or what is left of it), lack of response, as many on here no doubt are, but your language doesn't do you any favours.
Posted at 18/11/2023 00:51 by whowants2bamilionare
Cheers Bahamas for post 67897. Indeed interesting and more of these factual posts are needed on this board.

As for Mrk and who ever hides behind this name, it was kind of expected, he would disappear after SPP passed away. He no doubt is posting under another name now.

As far as the EEL SLG is concerned, it all changed back in 2011/2012 when deals seem to have been done with certain key EEL SLG members and the loose lips sink ships nonsense started.

Who knows what deals and with who, were done at the time.
Posted at 01/11/2023 09:45 by digger2779
geordieduke231 Oct '23 - 23:39 - 67884 of 67884

I don't think it was an "ego thing" as you call it. I believe they genuinely wanted to get a result here for all of us and at the time we were all grateful for the glimmer of hope. Pointless slagging people off when things didn't materialise as there are no winners here apart from the BOD and Nigerians.
Why EEL still exists as a company is a big mystery to me as it should have been put into administration by now. Maybe it hasn't, is because the administrators may find some value here and if so maybe, just, perhaps a shareholder distribution would be on the cards? I just don't know, but every company it has been my misfortunate to hold that delisted and went private ultimately went into administration with zilch for the shareholders. I think the "cruel bit" is down to the Nigerians not putting this into administration. Maybe a revenge thing for all those years of being a British colony?
I wrote off my 108k holdings here years ago and don't hold out any hope of a return in what's left of my lifespan however small. No point in carping on about it as what's done is done and unless you have bottomless pockets to launch a legal approach which even if it was successful the Nigerians wouldn't pay up as we have already seen courtesy of Peak.
Posted at 30/8/2023 19:02 by simon follett
Riskyinvestor - Delisting brought about a conflict of interest, whether or not there is further corruption. For example Oando could not have bought shares at 3p if EEL remained listed because the share price would have risen on takeover prospects. After delisting EEL became a private company and cannot raise funds in the public arena and therefore is dependent on Oando. So minority shareholders are being compromised in more ways than one by the delisting.
Posted at 13/8/2023 14:56 by simon follett
Digger - I have not spoken to Philip Dimmock, but he wants to keep his job. If he relists EEL and Oando makes an acceptable offer then he will lose his job. If he relists and rejects a poor offer by Oando then he risks upsetting the funders of EEL's debt.
Peak are inviting a court ruling that will make them bankrupt. It's a matter of time because extentions do not come indefinitely.
The EIA have reported that Peak shale oil shall be this month. The USA has the largest shale fields so effectively it is a global peak which shall cause the oil price to rise indefinitely.
I have noticed the EEL site is no longer accessible, does anyone know why?
Posted at 17/7/2023 16:38 by simon follett
Digger, it is a hefty holding for me, I paid around £66,000 of hard earned money for it. I still have hope for a fair settlement.
What are the chances of EEL relisting? Philip Dimmock is going the way of resolving all issues before a relist. Once EEL is relisted Oando will make an offer for the remaining shares and EEL will more than likely be absorbed into Oando rather than operate as a wholly owned subsidiary. Personally I would like for EEL to relist today whether or not the Peak farm-out is resolved or significant progress is made with the other assets because a low offer can always be rejected. If EEL relisted today with its largest asset no longer in contention, I guess it would go for at least £1 per share. Also, if Peak Shale is occuring now then I would anticipate a significant upward momentum on the oil price for the next 2 or 3 years maybe taking the risked NAV to over $27 per share at around $120 for Brent. This would outweigh the increase in debt over the time by far. There is no substantive reason not to relist even if time (for the moment) is increasing the value of the shares.
Posted at 25/6/2023 09:42 by simon follett
According to my calculations EEL has a risked NAV of around $16 per share. At the moment the Henry Hub gas price of $2.6 renders the gas assets sub-economic but it could rise again over the next few years to above $4 which is needed to be profitable. The oil price has almost doubled since 2009 despite the vast increase in U.S. shale production. The United States shale oil boom looks to have peaked and production will fall just as fast as it rose from 2009 putting upward pressure on the oil price. Conventional oil production peaked globally in 2016 so this will also raise the oil price. The Nigerian oil and gas sector index is close to all-time highs with increased investment interest since what seems to be the bottom of the market in 2020. The floating of the Naira is a move in the right direction which will support growth and encourage investment in Nigeria. All this points to a favourable environment if EEL were to relist in the future.
Equator Exploration share price data is direct from the London Stock Exchange

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