Equator Exploration Losses Narrow

Wednesday, September 27, 2006

According to Equator Exploration Ltd. its losses are on the downslide. The company said that it is now well positioned to add shareholder value by maturing its asset base, as it announced a narrowing of its interim losses for the six months to June to $2.3 million from $3.1 million.

The company said it has made progress in its drilling activities during the first half, including at the Bilabri Field in Nigeria, where it expects production to start in the third quarter of 2007.

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