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
- 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."
dreamcatcher
- 14 Nov 2012 16:24
- 40 of 101
All buys today, holding up well
dreamcatcher
- 30 Nov 2012 07:06
- 41 of 101
Quarterly and Half Yearly Results
RNS
RNS Number : 3826S
Edge Resources Inc.
30 November 2012
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG November 30, 2012
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Announces Quarterly and Half Yearly Results
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce its unaudited second quarter results for the three month period ended September 30, 2012 ("Q2 2012") and its unaudited half yearly results for the six month period ended September 30, 2012 ("HY 2012").
For the six months ended September 30, 2012:
Period Highlights
· C$4.5 million investment from Henderson Global Investors in March 2012 to fund the initial phase of drilling oil prospects in both Primate and Grand Forks
· Dual listing on AIM of the London Stock Exchange in July 2012
· Sales volumes increased to 693 boe/d in Q1 2012 (307boe/d Q1 2011) and 716 boe/d in H1 2012 (333 boe/d H1 2011);
· Primate, Saskatchewan:
o Successful drilling and completion of two oil wells ahead of schedule;
o Discovery of new heavy oil pool in the McLaren Pool;
o Subsequent proprietary 3D Seismic programme initiated
· Grand Forks, Alberta:
o Acquired 395 acres of mineral land rights, resulting in total acreage of 3,782 net acres (12% increase)
Brad Nichol, President & CEO of Edge, commented, "We are extremely pleased with Edge's performance since our AIM listing in July, which has broadened our investor base and increased liquidity. Edge has remained true to its strategy of focusing on operating in a conventional, shallow arena with properties that offer exceptional economic returns and low risk profile. As commodity prices have demanded, our near-term focus continues to be on oil and the superior returns this commodity currently offers; and thus, the remainder of the 2013 capital program will concentrate on oil assets. The Company expects to drill a number of these conventional oil wells on its existing lands in the coming months. Edge has secured significant debt facilities with a major Canadian bank, recently closed an equity financing and has initiated a relationship with a major institutional capital partner, all of which will allow continual measured growth."
dreamcatcher
- 03 Dec 2012 16:23
- 42 of 101
Edge Resources Inc Discovers Additional Oil Pools
RNS
RNS Number : 5324S
Edge Resources Inc.
03 December 2012
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG December 3, 2012
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Discovers Additional Oil Pools on 3D Seismic Results
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has completed shooting and processing a 3D seismic programme in Primate, Saskatchewan one month ahead of schedule. The Company's initial analysis of the seismic, which incorporated the recently discovered oil pool in what the Company calls Asset East, is that two additional new oil pools and several potential drilling locations have been identified.
Resulting from the discovery well drilled in Asset East earlier this year, the Company shot and evaluated 9.6 square kilometers (3.6 square miles) of 3D seismic (see announcement October 17, 2012), with the expectation of characterizing the newly discovered oil pool and identifying up to six additional potential drilling locations.
The Company's geological and geophysical team has identified more than 20 potential drilling locations within the three pools, based on 40 acre spacing. With additional spacing applications the potential drilling locations could increase fourfold.
The Company has a 100% working interest in the lands covered by the 3D seismic and the newly identified oil pools.
The seismic also suggests that future locations would likely benefit from structurally higher locations than the discovery well, which was originally drilled based on limited 2D seismic lines. As a result of the erratic CHOPS ("Cold Heavy Oil Production with Sand") producing regime, the discovery well realized 60-day estimated production rates ranging from 5 boe/day to 85 boe/day, with an average of 30 boe/day over that time period, while being restricted by surface facilities. The Company is currently evaluating the surface facilities that would be required to incorporate the scale of the potential future drilling locations.
Brad Nichol, President & CEO of Edge, commented, "The 3D seismic results have put us in a position to delineate the scale of a much larger-than-anticipated resource at Asset East. Our geoscience team has already identified drilling locations far in excess of their initial (pre-3D seismic) estimates, which were initially based only on the 2D seismic data. With this new 3D seismic knowledge, we can see several possible drilling locations that offer either a thicker zone, higher geological structure or both. Our next step is to weigh these locations up against the other locations we have in inventory and make the decisions on where to best allocate capital going forward so as to minimize operational, geological, reservoir and capital risks and maximize shareholder returns."
The Company is currently going through all available data to design, evaluate and implement a drilling programme that incorporates these new discoveries and the other corporate drilling opportunities currently in inventory.
dreamcatcher
- 10 Dec 2012 16:20
- 43 of 101
Closes CDN$5 million Placing
RNS
RNS Number : 1097T
Edge Resources Inc.
10 December 2012
FOR IMMEDIATE RELEASE
AIM Exchange Symbol: EDG
TSX Venture Exchange Symbol: EDE
Edge Resources Inc.
December 10, 2012
Calgary, Alberta
Edge Resources Inc. Closes CDN$5 million Placing with Major Institutional Investors
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has closed a European-based placing to raise $5 million (the "Placing") through the issuance of 19,531,250 common shares (the "Placing Shares") with new and existing institutional investors at a price of 16p per share for gross proceeds of $5 million (£3.125 million).
The Placing was done at a 60% premium to the initial AIM admission price in July, 2012, was supported by major institutional investors and was oversubscribed. It was arranged by the Company's nominated adviser and broker, Merchant Securities Limited ("Merchant"), who was paid a fee equal to 5% of the gross proceeds of the Placing. No broker warrants were issued and no warrants were issued as part of the Placing.
The proceeds will be used to further develop the Company's shallow, conventional oil prospects in Western Canada with the intent of simultaneously increasing both production and reserve value.
Specifically, the funds will be used for developing the Company's Primate, Saskatchewan oil prospects with a focus on the 3D seismically-defined discoveries and on "vertical expansion" into additional oil-bearing zones available in the vertical column of formations on the Company's lands. All wells will be drilled in seismically-defined pools. Successful results are anticipated to add additional reserves and oil production through the discovery and delineation of new pools. In addition, the Company may investigate production enhancement opportunities through pressure maintenance of existing pools and will continue to assess potential acquisition opportunities as they arise.
Application will be made to the London Stock Exchange for admission of the Placing Shares to AIM and to the TSX-V, with admission expected to become effective on December 17, 2012. When issued, the Placing Shares will rank pari passu in all respects with the existing common shares. The Placing Shares will represent 15.6% of the Company's issued share capital following admission, when the Company will have 125,460,990 common shares in issue.
Brad Nichol, President & CEO of Edge, commented: "The benefits of our AIM listing are already bearing fruit, as we have now demonstrated an ability to close a placing very quickly, with less cost and less dilution than what would have normally been required in Canada. This placing also allowed us to add some exceptionally large, blue-chip institutional investors to our share register; many of whom normally reserve their investment capital for large-cap companies. This support, in conjunction with Henderson Global Investors' continued backing, gives Edge a critical competitive advantage in a capital-constrained market." Nichol added, "To gratify the need for continued growth, we continue to search for the right opportunities to cost-effectively add production and land to our existing asset base. As well, the proceeds will allow us to kick-start more extensive development of our large inventory of drilling locations, many of which were identified following our recent 3D seismic shoot. We are excited about putting the proceeds to work to create the meaningful growth that our shareholders should, and do, demand."
Additionally, the Company has amended 200,000 options that were previously granted with a strike price of $0.20 per share and due to expire in November, 2013; such that, those same options now have a strike price of $0.30 per share and expire in October, 2017. All other terms and conditions remained unchanged.
dreamcatcher
- 10 Dec 2012 16:32
- 44 of 101
Edge Resources: Merchant Securities reduces target price from 38p to 32p and keeps a buy recommendation.