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Edge Resources (EDG)     

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



Chart.aspx?Provider=EODIntra&Code=EDG&SiChart.aspx?Provider=EODIntra&Code=EDG&Si

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.

dreamcatcher - 17 Sep 2012 16:21 - 31 of 101

All buys today, no sells.

dreamcatcher - 24 Sep 2012 12:07 - 32 of 101

All buys and an all time high

dreamcatcher - 28 Sep 2012 22:43 - 33 of 101

Been about 6 weeks now that the rns was given stating - 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. Good to see the sp hold up, news must be soon.

dreamcatcher - 16 Oct 2012 13:49 - 35 of 101

Update On Operations
RNS
RNS Number : 7679O
Edge Resources Inc.
16 October 2012



FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG October 16, 2012

EDGE RESOURCES INC. Calgary, Alberta



Edge Resources Inc. Spuds Oil Well, Shoots 3D Seismic and Renews Banking Facilities

Edge Resources Inc. ("Edge" or the "Company") is pleased to provide the following update on Operations in Grand Forks, Alberta and Primate, Saskatchewan, and an update on the Company's borrowing facilities with the National Bank of Canada ("National Bank"). The Company recently drilled two oil wells in Primate, Saskatchewan (see announcement August 13, 2012), and has now spudded the first of two oil wells in Grand Forks, Alberta. Based on the early successful production results in Primate, the Company has also undertaken a 3D seismic programme in order to fine-tune the multitude of additional drilling locations in the newly discovered Primate oil pool. As well, the National Bank recently completed its regular interim review, resulting in no changes to any of the terms or conditions of the Company's existing borrowing facilities.

The Company recently spudded the first of two wells in Grand Forks, where Edge is a 97% working interest holder and sole operator of the wells and facilities in the area. These low-risk infill wells will utilize existing flow-lines and the Company's oil gathering system and oil battery. Both wells will be drilled directionally off existing, producing sites to allow for (i) a more efficient tie-in to existing infrastructure, (ii) reduced operational and capital costs and (iii) a reduced environmental footprint. The Company currently produces approximately 100 boe/day of highly profitable medium grade oil in Grand Forks.

Based on the early production results from Primate, Edge has undertaken a 3D seismic programme. The Company expects to shoot and evaluate approximately 10 square kilometers (3.7 square miles) of 3D seismic, which will add to the Company's impressive 65 square kilometers (25 square miles) of existing, proprietary 3D seismic assets in Saskatchewan. The focus of this programme is to further characterize the drilling locations in the recently discovered oil pool known as Asset East. However, the seismic extends beyond the new pool onto Edge's neighboring 100% owned, contiguous lands, where it may reveal additional drilling opportunities.

Brad Nichol, President and CEO of Edge commented, "We were sufficiently pleased with the initial results from the two wells in Primate to shoot 3D seismic and hone the additional locations on our existing lands. The results in Primate have exceeded our expectations on many levels and production rates are getting closer to stabilizing and are continually increasing." Nichol added, "We're also very keen on the Grand Forks locations, which are being drilled into a well-understood, seismically-defined reservoir. We expect production to be on-stream within a few days after these wells are completed."

The Company is also pleased to have completed the regular interim review of its borrowing facilities with the National Bank of Canada. The Credit Facilities include a demand revolving facility with a limit of $12,000,000, a demand development/acquisition facility with a limit of $6,500,000, and a risk management facility. The revolving facility and development/acquisition facility each bear annual interest at the bank's prime rate plus 0.75% and 1.25%, respectively. The Credit Facilities are secured in first position against the assets of the Company.

The National Bank's prime rate was 3.00% as of October 15, 2012.

Nichol commented, "National Bank continues to be our preferred lender and they continue to show a great deal of support for Edge. Their support and low-cost-lending continues to be a great tool in our kit to maximize return for our shareholders. The effective date of National Bank's review was in early September; and thus, they were not able to incorporate our latest production results."


dreamcatcher - 16 Oct 2012 13:51 - 36 of 101

Edge Resources spuds Alberta well
StockMarketWire.com
Edge Resources has confirmed the spudding of the the first of two oil wells in Grand Forks, Alberta.

The company said these low-risk infill wells will utilise existing flow-lines and its oil gathering system and oil battery.

Both wells will be drilled directionally off existing, producing sites to allow for:

* a more efficient tie-in to existing infrastructure

* reduced operational and capital costs a

* a reduced environmental footprint.

The company also says that based on the early successful production results from two wells in Primate, Saskatchewan, the company has undertaken a 3D seismic programme in order to fine-tune the multitude of additional drilling locations.

The company expects to shoot and evaluate approximately 10 square kilometres (3.7 square miles) of 3D seismic, which will add to the the 65 square kilometres (25 square miles) of existing, proprietary 3D seismic assets in Saskatchewan.

At 9:27am: (LON:EDG) Edinburgh Oil & Gas share price was +1p at 20.5p


Story provided by StockMarketWire.com

dreamcatcher - 16 Oct 2012 15:04 - 37 of 101

Edge Resources: Merchant Securities maintains buy rating and 38p target
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