dreamcatcher
- 06 Jul 2012 19:19
http://www.edgeres.com/
Edge Resources starts trading on AIM on the 5th July 2012
Western Canada-focused oil and gas explorer and producer Edge Resources has started trading on AIM. Edge will continue to be listed and traded on the TSX Venture Exchange.Edge Resources is an oil and gas exploration, development & production company currently focusing on exceptionally high reserves-in-place. The Company is focused on shallow, conventional, vertical, low-risk, low-cost formations in Alberta and Saskatchewan, Canada. The Company's strategy is to aggressively add to its land and reserves base when the cost of such additions are extremely favorable.
Projects
http://www.edgeres.com/projects/primate

dreamcatcher
- 12 Jul 2012 18:29
- 11 of 101
All buys no sells, up 5.26% today
dreamcatcher
- 17 Jul 2012 07:21
- 12 of 101
Land Acquisition and Appointment of New Director
RNS
RNS Number : 8101H
Edge Resources Inc.
17 July 2012
AIM Exchange Symbol: EDG
TSX Venture Exchange Symbol: EDE
July 17, 2012
Edge Resources Inc. Adds Strategic Land to Core Heavy Oil Asset and
Appoints New Director
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has increased the size of its core landholdings in the area of Primate, Saskatchewan to 12,800 (net) acres. Edge continues to have a 100% working interest in its Primate asset and controls a large, contiguous, strategic landholding.
Total consideration for the two undeveloped sections (1,280 acres) of crown land included a cash payment of $60,000 ($47/acre or $116/Ha) plus a non-convertible overriding royalty of 3%. A map outlining the Company's existing Primate land base and the new additions can be found at http://www.edgeres.com/projects/primate.
The transaction closed with an effective date of June 1, 2012.
Brad Nichol, President & CEO, commented, "As a result of our continued strategy to methodically add to our existing asset base in Primate, Saskatchewan, we are extremely pleased to have added these two sections in this very active area. These two sections fit perfectly within our existing asset, where we have now created a large, enviable land position. More importantly, they fill a previous gap along the eastern extent of our property, which borders a very actively-drilled area." Nichol added, "Our team is already working on the definition of additional oil locations on this new land; however, we do not expect to add any locations to the first phase of our summer drilling programme, which we hope to kick-off near the beginning of August, weather permitting."
The Company is also very pleased to announce the appointment of Mr. Vishnu Reddy (full name Gogu Vishnu Vardhan Reddy) as a non-executive director. Vishnu, aged 42, is currently the General Counsel of Argos Sibinga Petroleum ("ASP"), a start-up Dutch based E&P company, which is a joint venture between Sibinga Petroleum and the Argos Energy Group from Rotterdam, The Netherlands. ASP's focus is Africa and in particular, West Africa. In addition to the ASP senior mangement oil and gas role, Vishnu's experience has predominantly been focused in the structured finance practices of top tier law firms and working with senior management on strategic and commercial matters at banks. Prior to joining ASP, he was the General Counsel of Capmark Bank Europe and also worked at BNP Paribas. He was a senior associate at Weil Gotshal & Manages and DLA Piper in London and also worked at Clayton Utz in Sydney, Australia. Vishnu brings a wealth of experience in international banking and structured finance in addition to his strong commercial skills.
Vishnu is currently a director of Beyond Advisory Limited and, in the last five years held directorships at Capita Asset Services (UK) Limited, Capmark UK Limited, Hunt Investment Management Europe Limited, Reservoirteam Limited (dissolved), Reservoirteam.com Limited (dissolved), Teknix Technologies Limited (dissolved), There is no further information that is required to be disclosed in accordance with Schedule 2, paragraph (g) of the AIM Rules for Companies.
On Friday, July 13th, the Board also approved the grant of 3,125,000 options to directors, officers, management and consultants of the Company. The options have a strike price of $0.22/share, expire after 5 years and vest according to the schedule of ¼ immediately, ¼ after 12 months, ¼ after 24 months and ¼ after 36 months. Directors have been granted the following options:
· Scott Reeves: 100,000
· Chris Cooper: 100,000
· Vishnu Reddy: 100,000
dreamcatcher
- 23 Jul 2012 07:04
- 13 of 101
Spudded First Well in Primate
RNS
RNS Number : 2309I
Edge Resources Inc.
23 July 2012
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG July 23, 2012
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Moves Drilling Rig and Spuds First Well
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has commenced its summer drilling programme early. The first two wells of Edge's summer drilling programme commenced over the weekend.
The Company opportunistically secured a rig, which was between wells on a separate, nearbyprogramme for another operator.
Brad Nichol, President & CEO, commented, "I'm proud of our operational team, who moved very quickly when we learned of this rig's availability for a short two well window. This allows us to get the first two wells drilled earlier than planned and start production testing while we continue preparations on the remainder of the programme."
The first well is being drilled in an eastern section ("Asset East") of the Company's Primate, Saskatchewan property. This section is a non-producing section that immediately offsets a very actively-drilled area. As this section did not contain any producing wells, it was previously allocated zero value in the Company's reserve report and balance sheet.
Brad Nichol added, "With the majority of our reserve value in Primate currently being allocated from producing wells or producing sections, this first well represents a major opportunity for us to generate shareholder value from a non-producing section. Beyond this first summer programme, we look forward to taking advantage of our large, undeveloped land-base, which is now almost double the size of our nearest active competitor in the area. Our strategy to grow through both acquisition and drilling is continuing, and we look forward to updating our shareholders with the results of both when they are available in the future."
dreamcatcher
- 23 Jul 2012 16:15
- 14 of 101
15% up
dreamcatcher
- 06 Aug 2012 16:16
- 15 of 101
UP 12% today
dreamcatcher
- 10 Aug 2012 14:40
- 16 of 101
on the rise
dreamcatcher
- 10 Aug 2012 15:29
- 17 of 101
13.85% up
dreamcatcher
- 10 Aug 2012 16:18
- 18 of 101
20% up
Gerponville18
- 10 Aug 2012 16:38
- 19 of 101
You must be quids in......Well done you.
dreamcatcher
- 10 Aug 2012 16:45
- 20 of 101
:-))
dreamcatcher
- 13 Aug 2012 16:23
- 21 of 101
Operations Update
RNS
RNS Number : 8345J
Edge Resources Inc.
13 August 2012
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG August 13, 2012
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Successfully Completes First Two Wells and Discovers New Oil Pool
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that after commencing the first phase of its summer drilling programme early, it has successfully drilled, cased and completed two wells in Primate, Saskatchewan, one of which has resulted in the discovery of a new pool. Both wells will commence production testing and pressure buildup analysis simultaneously. Additionally, the Company acquired 100% of the land it posted at a recent Crown land sale; adding 395 net acres of contiguous property to its existing Grand Forks oil asset.
In Primate, the Company had opportunistically secured the drilling rig, which was between wells on a nearby programme for another operator, on a short-term window. This allowed the Company to commence drilling earlier than it had planned.
The wells were successfully drilled to the primary target, the McLaren formation, at less than 850 meters, having passed through several other potentially hydrocarbon-bearing sandstones. On-site geological analysis and logs indicate no less than 12 meters of McLaren formation sands were encountered in both wells.
The Company is now equipping the wells for pressure buildup analysis and production. Production testing will commence immediately and will likely require four weeks, but possibly up to three months, before a stabilized production regime can be established, as is normal with all CHOPS ("Cold Heavy Oil Production with Sand") wells.
Brad Nichol, President & CEO, commented, "We are very happy with the initial geological results from these wells. We are especially pleased with the well drilled in the eastern section, which was previously given zero value on our reserve report.Our Primate asset continues to represent a wonderful opportunity to increase both oil production (and associated cash flow) and asset value. It was nice to drill the first two wells early and establish production in eastern section before drilling the rest of the programme."
The first well was drilled in an eastern section ("Asset East") of the Company's Primate, Saskatchewan property. This section is a non-producing section that immediately offsets a very actively-drilled area. As this section did not contain any producing wells, it was previously allocated zero value in the Company's reserve report and balance sheet. This new pool, described as a mid-Mannville heavy oil accumulation is offsetting a similar, but separate, pool to the east, which is believed to be currently producing over 2,000 bopd (barrels of oil per day).
The second well was drilled into the Company's existing, producing pool and encountered approximately 15 meters of net pay. This was the southernmost location into the existing pool to-date, which helped to further delineate and define a relatively undrilled area of the existing pool. After being perforated, this well was shut-in to commence a multi-day pressure buildup. Production testing will commence after several days of collecting pressure data.
Nichol added, "Given this initial success, we have already commenced a plan to shoot 3D seismic over the sections in Asset East. This will help us delineate this oil pool and assist us in choosing locations for additional wells. We hope to commence a seismic programme in Q4 of this year, after the crops are off the fields."
Additionally, the Company acquired 395 net acres of mineral land rights at a crown land sale, which increased the Company's land position in Grand Forks, Alberta, where the next phase of this summer's drilling programme is expected to commence.
dreamcatcher
- 13 Aug 2012 16:24
- 22 of 101
Edge Resources makes fresh discovery in Saskatchewan
StockMarketWire.com
Edge Resources has announced that after commencing the first phase of its summer drilling programme early, it has successfully drilled, cased and completed two wells in Primate, Saskatchewan, one of which has resulted in the discovery of a new pool.
Both wells will commence production testing and pressure buildup analysis simultaneously.
Additionally, the company acquired 100% of the land it posted at a recent Crown land sale; adding 395 net acres of contiguous property to its existing Grand Forks oil asset.
In Primate, Edge had opportunistically secured the drilling rig, which was between wells on a nearby programme for another operator, on a short-term window. This allowed the company to commence drilling earlier than it had planned.
The wells were successfully drilled to the primary target, the McLaren formation, at less than 850 metres, having passed through several other potentially hydrocarbon-bearing sandstones. On-site geological analysis and logs indicate no less than 12 metres of McLaren formation sands were encountered in both wells.
The company is now equipping the wells for pressure buildup analysis and production. Production testing will commence immediately and will likely require four weeks, but possibly up to three months, before a stabilised production regime can be established, as is normal with all CHOPS ("Cold Heavy Oil Production with Sand") wells.
Brad Nichol, President & CEO, commented: "We are very happy with the initial geological results from these wells. We are especially pleased with the well drilled in the eastern section, which was previously given zero value on our reserve report. Our Primate asset continues to represent a wonderful opportunity to increase both oil production (and associated cash flow) and asset value. It was nice to drill the first two wells early and establish production in eastern section before drilling the rest of the programme."
The first well was drilled in an eastern section ("Asset East") of the Company's Primate, Saskatchewan property. This section is a non-producing section that immediately offsets a very actively-drilled area. As this section did not contain any producing wells, it was previously allocated zero value in the company's reserve report and balance sheet. This new pool, described as a mid-Mannville heavy oil accumulation is offsetting a similar, but separate, pool to the east, which is believed to be currently producing over 2,000 bopd (barrels of oil per day).
The second well was drilled into Edge's existing, producing pool and encountered approximately 15 meters of net pay. This was the southernmost location into the existing pool to-date, which helped to further delineate and define a relatively undrilled area of the existing pool. After being perforated, this well was shut-in to commence a multi-day pressure buildup. Production testing will commence after several days of collecting pressure data.
Mr Nichol commented: "Given this initial success, we have already commenced a plan to shoot 3D seismic over the sections in Asset East. This will help us delineate this oil pool and assist us in choosing locations for additional wells. We hope to commence a seismic programme in Q4 of this year, after the crops are off the fields."
The 395 net acres of mineral land rights at a Crown land sale increased the company's land position in Grand Forks, Alberta, where the next phase of this summer's drilling programme is expected to begin.
At 8:40am: (LON:EDG) Edinburgh Oil & Gas share price was +2.5p at 22p
dreamcatcher
- 13 Aug 2012 16:24
- 23 of 101
up 8%
dreamcatcher
- 13 Aug 2012 16:53
- 24 of 101
Hit 24.80 pence today.
dreamcatcher
- 13 Aug 2012 16:56
- 25 of 101
Edge jumped 28 percent to 25 pence after releasing a strong operating update from Canada.
One of the two wells drilled by Edge in Primate, Saskatchewan since starting its summer programme early has discovered a new pool.
Both wells will begin production testing and pressure buildup analysis simultaneously.
Production testing will start immediately and will likely take four weeks, but possibly up to three months before stabilised production can be established.
Additionally, Edge has bought 100 percent of the land is posted at a recent Crown land sale, adding 395 net acres of contiguous property to its existing Grand Forks oil asset.
“We are very happy with the initial geological results from these wells,” said president and CEO of Edge Brad Nichol.
“Our Primate asset continues to represent a wonderful opportunity to increase both oil production (and associated cash flow) and asset value.
“It was nice to drill the first two wells early and establish production in eastern section before drilling the rest of the programme.”
http://money.msn.com/business-news/article.aspx?feed=MW&Date=20120813&ID=15443409&industry=IND_ENERGY&isub=
dreamcatcher
- 23 Aug 2012 11:23
- 26 of 101
Starting to drift down, but a welcome 6% rise today.
dreamcatcher
- 31 Aug 2012 22:39
- 27 of 101
Executive interview Brad Nichol, president and CEO, Edge Resources pages 16-19
http://www.oilcouncil.com/downloads/DandDAugust2012.pdf
dreamcatcher
- 07 Sep 2012 15:11
- 28 of 101
Good to see a rise, await news.
dreamcatcher
- 07 Sep 2012 15:11
- 29 of 101
Good to see a rise, await news.
dreamcatcher
- 14 Sep 2012 15:18
- 30 of 101
Good volume and rise today, good to see this one holding up between news.