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11/15/06 9:49 AM

#80816 RE: pappin #80815

Equator Exploration - Unsolicited Offer
Wed Nov 15, 2006 7:01 AM GMT
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RNS Number:0985M
Equator Exploration Limited
15 November 2006


For immediate release 15 November 2006



EQUATOR EXPLORATION LIMITED

Statement Regarding Unsolicited Offer


LONDON, England - Equator Exploration Limited (AIM: EEL) ("Equator" or the
"Company") confirms that it has received an unsolicited proposal regarding a
possible offer for the Company.

The 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 (www.equatorexploration.com) 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 & Principe as
well as in the Joint Development Zone between the two countries.

Additional information can be obtained from the Company's website. The
Company's website can be accessed at www.equatorexploration.com.

For further information please contact:



Wade Cherwayko Bobby Morse/Ben Willey
President and Chief Executive Officer Buchanan Communications
+44 (0)207 235-2555 +44 (0) 207 466 5000