Welcome to Morgan E&P

Morgan E&P (“MEP”) is an exploration and production company formed in 2023 to responsibly develop upstream opportunities targeting the prolific Bakken formation of the Williston Basin. MEP is a wholly-owned subsidiary of Equus Total Return, Inc. (NYSE:EQS).

Commitment

We are committed to protecting the environment

We have a strong commitment to minimizing our impact on the environment.

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About Morgan E&P

Morgan E&P (“MEP”) is an exploration and production company formed in 2023 to responsibly develop upstream opportunities targeting the prolific Bakken formation of the Williston Basin. MEP is a wholly-owned subsidiary of Equus Total Return, Inc. (NYSE:EQS).

BAKKEN FORMATION IN THE WILLISTON BASIN

The Bakken formation in the Williston Basin is a vast sedimentary rock unit covering approximately 200,000 square miles, with the majority situated in North Dakota. The United States Geological Survey (USGS) estimates that the Bakken formation holds recoverable reserves of up to 7.4 billion barrels of oil and 6.7 trillion cubic feet of natural gas, making it one of the most promising regions for energy production.

John A. Hardy

Chief Executive Officer

Brian M. McNiell, CFA

President

J. Carlo Limchuatuan

Chief Operating Officer

More of what matters

CORPORATE RESPONSIBILITY

Sustainability

We are committed to sustainable practices, for the long-term economic and social benefits they bring.

Environmental

We aim to make a positive impact on the environment and promote sustainable practices in all aspects of our business operations.

Health & Safety

We are dedicated to fostering a culture of safety that prioritizes the empowerment and well-being of all our employees and contractors.

Governance

Our governance approach is rooted in the belief that transparency, accountability, and ethical practices are essential to maintaining the trust of our stakeholders.

John A. Hardy

Chief Executive Officer

John Hardy serves as Chief Executive Officer of Morgan E&P.  Mr. Hardy has over 40 years of experience in mergers and acquisitions, litigation and resolution of multi-jurisdictional disputes in a variety of industries including oil and gas, insurance and the finance and banking sectors, among others.  Mr. Hardy was also an adjunct Professor lecturing in insurance law at the University of British Columbia from 1984-2000.

Brian M. McNiell, CFA

President

Brian McNiell serves as President of Morgan E&P.  Mr. McNiell has over 25 years of experience focused on investing and operating energy related entities.  He has held senior management positions at operating companies, advisory firms and investment banks and has participated in over $10 billion of transactions involving capital raises, mergers, acquisitions and divestitures.  Mr. McNiell has been involved in the start-up and funding of multiple private upstream energy companies.  The latest one sold for over $800 million to a publicly traded entity.

J. Carlo Limchuatuan

Chief Operating Officer

Carlo Limchuatuan serves as Chief Operating Officer of Morgan E&P.  Mr. Limchuatuan has over 25 years of experience focused on investing, advising and operations in a variety of industries, primarily related to the energy value chain.  His experience includes time at global public accounting firms as an auditor and in transaction services performing financial due diligence for private equity firms and Fortune 500 companies.  He also has extensive experience in mergers, acquisitions, dispositions and capital raising with an integrated, publicly traded global oil and gas company, investment banks and a single-family office.  He previously served as Chief Financial Officer of a family of operating companies in energy industry, helping it grow over 5x in revenues and 10x in EBITDA within two years.