Equator Acknowledges Unsolicited Offer

Equator Exploration Limited confirmed Wednesday that it has received an unsolicited proposal regarding a possible offer for the company.

Equator's board is in the process of considering the merits of the offer and will give an update to shareholders in due course.

Equator Exploration Limited engages in the exploration and development of oil and gas projects in highly prospective West Africa. Equator's objective is to build a diversified portfolio of exploration, appraisal and production assets in the region. The Company has exploration interests in the territorial waters of Nigeria and of Sao Tome & Príncipe as well as in the Joint Development Zone between the two countries.

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