12:43AM Equus II Inc disposes of interest in ConGlobal for $5.25 mln in cash (EQS) 2.13 : Co announced that in exchange for $5.25 mln in cash, it has sold to ConGlobal Industries Holding, the Fund's 34.2% equity interest in ConGlobal, together with the Fund's promissory note issued by ConGlobal and all interest as accrued. The transaction closed today, and Equus has received the funds. As a result of the transaction, the Fund's net asset value will decline $0.25 per share from the Fund's most recently reported net asset value per share of $3.56 as of March 31, 2012. Based on cash and cash equivalents of $16.8 mln held by Equus at March 31, 2012, combined with the proceeds from the sale of its interest in ConGlobal, the Fund's cash increased to $22.1 mln, or $2.09 of cash per share.
12:39AM Samson Oil & Gas provides update on its Sprit of America well; currently tripping for a bit at a depth of 10,053 feet (SSN) 1.74 : Co provides advice on its Sprit of America which is currently tripping for a bit at a depth of 10,053 feet, having previously set intermediate seven inch casing at a depth of 9,130 feet, The Permian section was intersected at 9,287 feet and subsequently 10 individual, unconsolidated sandstone intervals have been drilled from which significant amounts of free oil have been recovered. Based on the mud log data, a total of 220 feet of prospective reservoir rock with oil shows have been intersected. The forward plan is to drill ahead to a total depth of ~10,700 feet after which a comprehensive geophysical logging suite will be run.
12:34AM Chevron provides statement on Ecuador judgment enforcement action (CVX) 97.63 : In response to media reports that the Lago Agrio plaintiffs' lawyers have initiated recognition and enforcement actions of their fraudulent judgment in Canada, co issued the following statement: "The Ecuador judgment is a product of bribery, fraud, and it is illegitimate. The company does not believe that the Ecuador judgment is enforceable in any court that observes the rule of law. If the plaintiffs' lawyers believed in the integrity of their judgment, they would be seeking enforcement in the United States - where Chevron Corporation resides. In the U.S., however, the plaintiffs' lawyers would be confronted by the fact that seven federal courts have already made findings under the crime/fraud doctrine about this scheme. Chevron will vigorously defend against any enforcement action..."