Equator’s strategy is to identify, acquire and explore high quality prospects with the potential for large oil and gas reserves. The company intends to leverage its financial and industry expertise and experience, as well as its network of contacts, to select attractive exploration opportunities and to secure them on favourable terms. Equator will initially focus its efforts in West Africa. This area was selected because of the past experience of the company’s management team and the excellent prospectivity of the region.

Equator intends to:

• Leverage its experience and contacts to identify possible acquisition and invest-ment opportunities.
  
  
• Apply disciplined financial management in the areas of acquisition evaluation and capital spending.
  
  
• Acquire minority working interests in high reward exploration opportunities alongside major oil companies.
  
  
• Minimize investment and exploration risk on high working interest blocks through farm-outs.
  
  
• Build a diversified asset portfolio of development, appraisal and exploration opportunities in West Africa.

The company will also continue to generate revenue from the marketing and sale of seismic data that it has acquired jointly with PGS Exploration (UK) Limited.