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
- 04 Mar 2013 16:23
- 55 of 101
Up just under 7%
dreamcatcher
- 04 Mar 2013 16:32
- 56 of 101
Edge Resources (LON:EDG)
On Friday, Edge Resources announced its results for the third quarter and the nine months ended 31st December 2012. Revenues for the quarter rose to CAD$2.3m from CAD$1.4m in the previous year. Revenues for the nine month period increased to CAD$6.6m from CAD$3.9m. Pre-tax losses stood at CAD$0.9m down from CAD$1.1m a year ago. But pre-tax losses for the first nine months rose to CAD$3.5m from CAD$1.4m in 2011. On the operational front, the average sales volumes for the quarter were 834 barrels of oil equivalent per day (boe/d), with the increase primarily due to additional production from the Primate asset acquisition. Average sales price for oil was CAD$64.62/barrel (bbl) while average sales price for Natural gas liquids (NGL) was CAD$17.95/bbl. Edge discovered three new significant oil pools in Primate, Saskatchewan (Asset East) through a combination of 2D seismic, drilling and proprietary 3D seismic activity. A multi-well drilling programme is currently ongoing as part of the long-term development of Asset East. In December 2012, the company raised CAD$5m with major UK institutional investors. An additional CAD$1m was raised from Canadian investors following the oversubscribed UK offering. The capital raised is being utilized for the continued exploration and development of acreage in western Canada and for general working capital needs. The stock rose 7.5% on Friday.
dreamcatcher
- 08 Mar 2013 14:54
- 57 of 101
Spuds Horizontal, Conventional Well
RNS
RNS Number : 5563Z
Edge Resources Inc.
08 March 2013
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG March 8, 2013
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Spuds Horizontal, Conventional Well Targeting New Zone
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has spudded the second well of the Company's spring drilling programme in Primate, Saskatchewan. This second well is targeting a new oil horizon approximately 50 meters shallower than previously targeted zones in the area. This shallower zone has produced abundantly in both Alberta and Saskatchewan. Edge will be utilising conventional, horizontal drilling techniques to enhance production and ultimate recovery from this new horizon.
Because of the very high reservoir permeability, the well will not require any stimulation or fracturing techniques; thereby, minimizing capital requirements.
Based on the Company's extensive base of proprietary 3D seismic, this second well is a test into a proven reservoir that (i) is easily identified on 3D seismic, (ii) has previously produced noteworthy, commercial oil volumes from vertical wells less than one hundred meters away and (iii) has successfully produced more than 100,000 barrels of oil per well, when drilled by a major E&P company nearby utilising the same technique.
Brad Nichol, President and CEO of Edge commented, "This is truly an exciting development for Edge. This well, if successful will add more production, more reserves and even more drilling locations to our already-impressive inventory. This shallower zone is prevalent across much of our existing 100% owned land base, as well as on nearby lands. Pursuing this new horizon brings the possibility of even more upside to our largely undeveloped asset base in Primate."
The Company is using a highly efficient "Super Single" rig to drill the well, which is one of the industry's most efficient and cost-effective rigs for horizontal wells at these shallow depths.
If successful, Edge intends to focus the majority of its efforts in Primate extensively on development of this new horizon and on the highly impactful new Asset East project.
The Company has a 100% working interest in 20 sections (12,800 acres) of land in Primate, Saskatchewan
dreamcatcher
- 08 Mar 2013 15:02
- 58 of 101
Looking like a double chance of making money, buy at the bottom sell at the top. :-))
dreamcatcher
- 11 Mar 2013 08:16
- 59 of 101
up just under 10%
dreamcatcher
- 11 Mar 2013 16:56
- 60 of 101
closed up 14.75%
dreamcatcher
- 12 Mar 2013 21:42
- 61 of 101
On Tuesday, Edge Resources Inc (EDG:LSE) closed at 17.75, 62.84% above the post-IPO low of 10.90 set on Jul 05, 2012.
dreamcatcher
- 13 Mar 2013 07:10
- 62 of 101
Completes Horizontal Well in New Formation
RNS
RNS Number : 8808Z
Edge Resources Inc.
13 March 2013
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG March 13, 2013
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Completes Horizontal Well in New Formation
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has finished drilling the second well of the Company's Spring drilling program in Primate, Saskatchewan. The well was successfully drilled and cased without incident and is now being prepared for production.
The horizontal well was drilled into a new formation and cased with a slotted liner in 495 meters of horizontal pay. Completion and equipping operations will commence immediately and continue during breakup. The rig was released to an all-weather rack site as Spring break-up conditions would not allow the rig to be moved to another drilling location.
Brad Nichol, President and CEO of Edge commented, "We are very pleased that the drilling of our first horizontal well in a new horizon has gone so smoothly and quickly. I must credit our operations and drilling team who utilized their many years of experience and planned this operation meticulously. With continuous oil shows throughout the entire 495 meters of horizontal leg, we are very keen to start producing this well. Given that breakup is almost upon us, we are taking the extra step of building a permanent road so that the well can produce without interruption throughout break-up." Nichol added, "We anticipate that successful production testing will support several additional horizontal drilling locations, specifically targeting the new horizon. We certainly have the undeveloped land-base to support a large program and are eager to get started."
dreamcatcher
- 13 Mar 2013 12:25
- 63 of 101
Edge Resources advances on completion of well in Canada
Wed 13 Mar 2013
LONDON (SHARECAST) - Shares in Edge Resources rose Wednesday after the oil and gas company said it completed drilling at the second well at its programme in Primate, Saskatchewan, Canada.
The horizontal well is being prepared for production after it was drilled and cased without incident.
It was drilled into a new formation and cased with a slotted liner in 495 meters of horizontal pay.
President and Chief Executive Officer, Brad Nichol, said: "We are very pleased that the drilling of our first horizontal well in a new horizon has gone so smoothly and quickly.
"With continuous oil shows throughout the entire 495 meters of horizontal leg, we are very keen to start producing this well.
"Given that breakup is almost upon us, we are taking the extra step of building a permanent road so that the well can produce without interruption throughout break-up."
He said the company expects successful testing will support further horizontal drilling locations, specifically targeting the new horizon.
"We certainly have the undeveloped land-base to support a large program and are eager to get started."
RD
dreamcatcher
- 18 Mar 2013 16:26
- 64 of 101
A repeat of the climb in 2012.
dreamcatcher
- 25 Mar 2013 12:41
- 65 of 101
Pulled back strong from -12% today. Await the news.
dreamcatcher
- 02 Apr 2013 07:10
- 66 of 101
Production Update
RNS
RNS Number : 2307B
Edge Resources Inc.
02 April 2013
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG April 2, 2013
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Provides Production Update
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that the first well of the Company's Spring drilling programme in Asset East (announced February 27, 2013), has been on production for the last thirty days and is producing better than expected.
The well has averaged approximately 50 barrels of oil per day ("bopd") over the majority of the initial production period but has recently increased to over 60 bopd, with production fundamentals indicating further production increases are possible.
The well encountered 8 meters of net pay and is being conservatively production tested using a progressive cavity pump to assist with the production of formation sand alongside the oil. Despite erratic production that is typical and expected of CHOPS wells, the well achieved an average rate of over 50bopd during the first month of production testing.
The current rate is the maximum production rate allowable with the production pump at its current setting. However, the pump rate can be increased at any time the Company chooses, and both pressures and fluid levels indicate further increases are feasible.
In these early stages of production, the Company is choosing not to produce this well at - or near - maximum capacity. The Company is conservatively producing near the low end of the production range, to promote stability and avoid heavy and sudden influxes of sand and/or water.
Brad Nichol, President and CEO of Edge commented, "This is an excellent result, and supports a very large development program in Asset East. The discovery of three new oil pools was a significant development for the Company; however, the continued successful delineation of the pools through our drilling programme is generating an even larger runway of drilling locations and, ultimately, more value for our shareholders."
Edge will utilize the downtime associated with Spring breakup to perform further analysis on Asset East, employing the Company's extensive base of proprietary 3D seismic in conjunction with log and production results. The Edge team will work to better define the size of the large prize in Asset East and continue planning for the large runway of drilling locations on the Company's 100% working interest land-base in Primate, Saskatchewan.
For more information, visit the company website: www.edgeres.com or contact:
Brad Nichol - President & CEO
Phone: +1 (403) 767 9905
Sanlam Securities UK Limited (a member of the Sanlam Group) - Nominated Advisor and Broker
Lindsay Mair
Max Bascombe
Katie Shelton
Phone: +44 (0) 20 7628 2200
Buchanan - Financial PR
Louise Mason
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, conventional programs that typically offer 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.
dreamcatcher
- 02 Apr 2013 20:01
- 67 of 101
Edge Resources advances as drill programme produces above expectations
Tue 02 Apr 2013
EDG - EDGE Resources
Edge Resources advances as drill programme produces above expectations LONDON (SHARECAST) - AIM-listed oil development company Edge Resources has reported that the first well in its Spring drilling programme in Asset East has been on production for the last 30 days and is producing 'better than expected'.
The company reported that the well averaged approximately 50 barrels of oil per day (bopd) over the majority of the initial production period but had recently increased to over 60 bopd, with production fundamentals indicating further production increases are possible.
In the early stages of production, the company said it was choosing not to produce the well at, or near, maximum capacity and was conservatively producing near the low end of the production range to promote stability.
Brad Nichol, President and Chief Executive Officer of Edge Resources, commented: "This is an excellent result and supports a very large development program in Asset East. The discovery of three new oil pools was a significant development for the company; however, the continued successful delineation of the pools through our drilling programme is generating an even larger runway of drilling locations and, ultimately, more value for our shareholders."
Edge Resources’ share price was up 9.09% to 15p at 08:37 on Tuesday morning.
dreamcatcher
- 17 Apr 2013 07:08
- 68 of 101
Not in this one for those interested =
Operational Update
RNS
RNS Number : 5185C
Edge Resources Inc.
17 April 2013
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG April 17, 2013
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Provides Operational Update
Edge Resources Inc. ("Edge" or the "Company") is pleased to provide a production update on the first well of the Company's spring drilling program in Asset East.
As previously reported (see April 2, 2013 announcement) this vertical well in Asset East was producing over 60 barrels of oil per day ("bopd") with production fundamentals indicating further production increases were possible.
Production from this well has now increased to over 90 bopd and it is providing further indications that additional production increases are possible.
The well encountered eight meters of net pay and is being conservatively production tested using a progressive cavity pump to assist with the production of formation sand alongside the oil. Despite some erratic production that is typical and expected of CHOPS wells, the well achieved an average rate of over 50 bopd during the first month of production testing.
Brad Nichol, President and CEO of Edge commented, "We are delighted with the early stage production from this well. Other than a couple of minor hiccups early on, we have not experienced many of the typical heavy influxes of sand that normally disrupt the initial few months of a typical CHOPS producer." Nichol added, "Our team has made good progress on the development plan for the three new, large oil pools discovered at Asset East, with detailed geophysical plans existing for 12 of the first 20 drilling locations. We look forward to the large drilling runway ahead of us in Asset East and believe there is a substantial resource to be developed."
Edge will utilize the downtime associated with Spring breakup - a temporary period between Winter and Spring when the local counties restrict the movement of heavy equipment such as drilling rigs - to enhance the Asset East plan, which will utilize the Company's extensive base of proprietary 3D seismic in conjunction with log and production results.
dreamcatcher
- 28 May 2013 08:56
- 69 of 101
Performing well up 17%
dreamcatcher
- 17 Jun 2013 07:04
- 70 of 101
Full Year and Q4 Results
RNS
RNS Number : 1348H
Edge Resources Inc.
17 June 2013
FOR IMMEDIATE RELEASE
TSX Venture Exchange Symbol: EDE
AIM Exchange Symbol: EDG 17 June, 2013
EDGE RESOURCES INC. Calgary, Alberta
Edge Resources Inc. Announces Full Year and Q4 Results
Edge Resources Inc. ("Edge" or the "Company"), is pleased to announce its audited results for the 12 month period ended 31 March 2013 and the three month period ended 31 March 2013 ("Q4 2012").
For the year ended March 31, 2013:
· Operational
Ø Average daily production increased to 681 boe/d from 452 boe/d against previous year
Ø Significant capital activity included;
o Three-dimensional seismic completed in the Primate area
o Drilling, completion, and tie-in/equipping of 6 oil wells; 4 in Primate, and 2 in Grand Forks
o Disposition of one section of undeveloped land in Southern Alberta
· Financial
Ø Raised $9.3 million in equity ($8.8 million net of cash share issuance costs), including $1.0 million in flow-through equity
Ø Incurred an additional $369k cost (which was expensed as general and administrative costs) to complete its listing on AIM in July 2012
Ø Willesden Green natural gas property written down by $1.4 million due to continued weakness of natural gas pricing
Ø Loss after tax of $6.7 million (2012 $2 million) due to lower production netbacks combined with increased interest costs and the above noted write-down
For the three months ended March 31, 2013:
· Operational
Ø Average daily production was 585 boe/d compared to 621 boe/d in the previous quarter; the decrease results primarily from natural declines and operational issues with some Primate wells
Ø Drilled, completed, and equipped 2 oil wells in Primate
· Financial
Ø Operating netbacks decreased from the comparable quarter in the previous year primarily due to increased operating costs associated with the Primate heavy oil property, which only contributed for 2 months in last year's comparable quarter
Brad Nichol, President and CEO of Edge commented,
"The last 12 months has been a transformational period for the Company. Edge's focus will continue to be on conventional, shallow, developmental drilling, with the planned 2013 and 2014 capital program concentrated on oil assets allowing the Company to increase near-term oil production and the associated cash flows. Previous drilling and seismic work uncovered additional and undiscovered oil pools on the Company's 100% owned asset in Primate, Saskatchewan. As of today's date, the Company is currently conducting preliminary field and geological work on a planned multi-well program on those lands to further delineate the pools and exploit the the significant value of the reserves, as defined by our updated reserve report, held in these new pools."
To view Edge Resources' full financial results statements and the Management's Discussion and Analysis, please go to the company website (www.edgeres.com).
For more information, visit the company website: www.edgeres.com or contact:
ahoj
- 17 Jun 2013 09:35
- 71 of 101
Not very good Dream.
Can it fall much further?
dreamcatcher
- 17 Jun 2013 16:01
- 72 of 101
I was in this very early on ahoj. Can it fall much further, hmmmm.
dreamcatcher
- 17 Jun 2013 16:08
- 73 of 101
Shares slump as losses widen at Edge Resource
Mon 17 Jun 2013
Shares slump as losses widen at Edge Resource LONDON (SHARECAST) - Edge Resources said full year losses widened after what the company described as a 'transformational period'.
The aim-listed oil development firm said losses for the year widened to $6.7m for the year to the end of March from $2.0m last time. Revenue, net of royalties, increased to $7m from $5.2m before.
The losses came after additional costs to complete its listing on AIM in July 2012 and after its Willesden Green natural gas property was written down by $1.4m due to continued weakness of natural gas pricing, the group explained.
Edge Resource said average production increased to 681 barrels of oil equivalent per day compared to 452 boepd last time.
President and chief executive Brad Nichol said: "The last 12 months has been a transformational period for the company. Edge's focus will continue to be on conventional, shallow, developmental drilling, with the planned 2013 and 2014 capital programme concentrated on oil assets allowing the company to increase near-term oil production and the associated cash flows."
"Previous drilling and seismic work uncovered additional and undiscovered oil pools on the company's 100% owned asset in Primate, Saskatchewan.
The company is currently conducting preliminary field and geological work on a planned multi-well programme on those lands to further delineate the pools and exploit the significant value of the reserves, as defined by our updated reserve report, held in these new pools."
Shares of the group fell 14.95% to 11.38p at 09:30 in London.
dreamcatcher
- 22 Jun 2013 17:27
- 74 of 101
Edge Resources' Nichol says recent reserves report was 'conservative'
By Charlotte Kan June 19 2013, 3:53pm
Brad Nichol, CEO and President of Edge Resources (LON:EDG CVE:EDE), the Canadian oil and gas company, says the recent reserves report by Deloitte was 'conservative with estimates' and says the company's low FD&A costs are 'quite remarkable' compared to the rest of industry.
http://www.proactiveinvestors.co.uk/companies/stocktube/2055/edge-resources-nichol-says-recent-reserves-report-was-conservative--2055.html