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
- 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
- 28 Sep 2012 22:54
- 34 of 101
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
dreamcatcher
- 30 Oct 2012 15:10
- 38 of 101
Edge Resources Inc. Adds Two Successful Oil Wells
RNS
RNS Number : 8214P
Edge Resources Inc.
30 October 2012
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG October 30, 2012
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Adds Two Successful Oil Wells
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce the successful drilling, completion and equipping of two oil wells at its Grand Forks, Alberta property. The wells have already been tied-into existing pipelines and are being production-tested utilizing the Company's existing facilities.
The locations were chosen based on extensive analysis of 3D seismic and geological interpretation; and therefore, were considered low-risk drilling candidates.
The two new oil wells were drilled on Edge's Grand Forks property in Southern Alberta, where the Company holds a 97% working interest and is the operator of record. Based on the geological logs from the new wells, which showed better porosity and slightly more reservoir thickness than expected, the Company expects to significantly increase production at Grand Forks.
Prior to the two new wells, the Company's Grand Forks property was producing approximately 100 boe/day and the existing infrastructure is capable of handling more than triple that rate.
Brad Nichol, President and CEO of Edge, commented, "Our entire team is extremely pleased to have kept our 100% drilling success rate intact with these two latest wells. The high profitability associated with the medium grade oil production combined with very low, single-digit decline rates from the Grand Forks pool, should suitably improve our associated cash flow in the immediate and long-term. Additional locations in the pool previously identified will now be fine-tuned, based on the higher porosity and net pay we discovered in these new additions." Nichol added, "Our operational team was exceptional. Production on these two wells was brought on-stream less than a week after drilling was completed. The production is not expected to require an extended length of time to stabilize before results can be announced."
Edge also announces the issuance of 500,000 options to consultants of the Company at a strike price of $0.30/share. The options are vested over three years and expire five years after the date of issuance and are issued pursuant to the stock option plan of the Company.
For more information, visit the company website: www.edgeres.com or contact:
Brad Nichol - President & CEO
Phone: +1 (403) 767 9905
Merchant Securities Limited - Nominated Adviser and Broker
Lindsay Mair
Scott Mathieson
Phone: +44 (0)20 7628 2200
Buchanan - Financial PR
Tim Thompson
Tom Hufton
Phone: +44 (0)20 7466 5000
About Edge Resources Inc.
Edge Resources is focused on developing a balanced portfolio of oil and natural gas assets from properties in Alberta and Saskatchewan, Canada. Management has consistently focused on:
1. Shallow, vertical, conventional programs with reduced capital, operational and geological risks
2. Very high or 100% working interests and fully operated assets
3. Pools and horizons with exceptionally high reserves in place
The management team's very high drilling success rate is based on the safe, efficient deployment of capital and a proven ability to efficiently execute in shallow formations, which gives Edge Resources a sustainable, low-cost, competitive advantage.
This information is provided by RNS
The company news service from the London Stock Exchange
dreamcatcher
- 30 Oct 2012 15:18
- 39 of 101
Edge Resources expects significant increase in production at Grand Forks field
9:05 am by Jamie AshcroftEdge says the existing infrastructure at Grand Forks could handle three times current volume.
Edge Resources (LON:EDG) says it is expecting a significant increase in production at the Grand Forks field in Alberta, Canada.
This comes after Edge completed two additional wells which, according to logs, have encountered better than expected porosity and reservoir thickness.
The two well locations were chosen based on analysis of 3D seismic, and were considered low risk candidates. Before these wells were drilled the field produced at around 100 barrels a day and Edge says the existing infrastructure at Grand Forks could handle three times that volume.
Chief executive Brad Nichol says it will not take ‘an extended length of time’ for the production to stabilise from the two new wells and once it has the flow results will be announced.
"Our entire team is extremely pleased to have kept our 100% drilling success rate intact with these two latest wells.
The high profitability associated with the medium grade oil production combined with very low, single-digit decline rates from the Grand Forks pool, should suitably improve our associated cash flow in the immediate and long-term.
Additional locations in the pool previously identified will now be fine-tuned, based on the higher porosity and net pay we discovered in these new additions."