Core Viewpoint - Equus Total Return, Inc. has successfully closed a $3 million term loan facility through its subsidiary Morgan E&P, LLC to fund drilling and work-over operations in the Bakken Shale formation, aiming to enhance production and cash flow in the second half of 2025 [1][2][3] Group 1: Financial and Operational Developments - The $3 million loan will be utilized for near-term drilling and work-over operations on two existing non-producing wells in the Bakken Shale [1] - The funding is expected to accelerate development opportunities, focusing on new well completions and optimizing existing assets, which will increase production volumes and enhance cash flow starting in the latter half of 2025 [2] Group 2: Strategic Importance - The Bakken Shale is recognized for its high-quality crude oil production and long-lived reserves, and Morgan E&P's activities are anticipated to strengthen its presence in this prolific oil-producing basin [3] - The operational advancements are part of Equus' broader energy portfolio strategy, aimed at creating immediate value for shareholders [3]