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

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

A repeat of the climb in 2012.

Pulled back strong from -12% today. Await the news.

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.

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.

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.

Performing well up 17%

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:

Not very good Dream.
Can it fall much further?

I was in this very early on ahoj. Can it fall much further, hmmmm.

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.

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

Q&A : Edge Resources chief expects production to double over next year
By Proactive Investors June 27 2013, 3:10pm 'A year from now we should easily be double our current production.'"A year from now we should easily be double our current production."

Edge Resources, (LON:EDG CVE:EDE) a Canadian oil and gas company, recently announced a significant increase in its reserve and net present value.

Brad Nichol, president and chief executive explains the significance and potential.

Proactive Investors: The latest reserve report prepared by Deloitte’s shows an increase in total proved reserves of 21%, while total proved and probable reserves rose by 37.5%. So what news flow can we expect from the company now in terms of production?

Brad Nichol: The results that we have seen from Deloitte’s reserve report are basically the result of significant drilling in Saskatchewan and some 3D seismic. Stemming from that, we made a heavy oil discovery in Saskatchewan that increased the reserves.

So, going forward, that is clearly going to be the focus for the company. We like that the reserve report does not actually include the huge potential that is already there.

Deloitte’s have been quite conservative with their estimates. I think, in fact, they are only giving us reserves for eight wells, going forward, out of the nearly 100 or up to 100 locations that we think we can go and drill there.

PI: Average production declined in the last quarter; can you tell us what happened?

BN: Well, we had a couple of things. First was an acute issue with one of our wells. That well experienced some significant downtime. It was on and off off actually a couple of quarters, which we see in the financial statements.

But that problem was resolved on January 28th and since then that well has experienced almost zero downtime or only one or two hours of downtime in the last five months, so that problem is behind us.

We have also, temporarily, shut in a little bit of gas production in Saskatchewan.It is a bit of a negotiating tactic actually. We have to send our gas to a third party facility there. It is a small amount of gas and it does not really have a big impact on the company.

But as a negotiating tactic we have shut in that gas, and that of course impacts the production number. But it does not really impact the bottom line or net profit number at all. If anything, it helps it on the positive side.

PI: You have highlighted the company’s low FDNA costs. How did you achieve that? How does it compare to the rest of the industry?

BN: Well, it is remarkable compared to the rest of the industry. We achieved it, essentially, through our discovery in primate Saskatchewan. We have run into a pool, in fact three significant pools, and that is what is in the Reserve Report.

That is what allowed us to really achieve a huge number of reserves, a huge addition to the reserves for very, very little money.

That is what has got us excited about the future. The economics of drilling wells in these new discoveries, in these new pools in primate Saskatchewan, are second to none.

PI: What can people expect in terms of cashflow in the next few months?

BN: Well, one thing we do not see in the financial statements just published are the results of the recent wells that were drilled and the cashflow that those wells have generated.

We do not see that on the production number, we did not see that on the top line and we certainly did not see the results of that on the bottom line.

Since the end of March those wells have come on and increased production and cashflow. Then again, going forward, we have got up to 100 more locations to drill and obviously the impact on cashflow is going to be significant.

PI: So where do you see the company in a year’s time?

BN: A year from now we should have drilled at least a half a dozen more wells. I could not see us drilling fewer than that.

When we are getting results like the current well of near 100 barrels a day, for a C$650 000 investment and a 95% success rate, it is tough to beat.

So, a year from now we should easily be double our current production. We should be generating a significant amount of cashflow, to the point that we may even be able to start drilling some wells just out of that cashflow alone.

1st Quarter Results and Debt Restructuring

RNS


RNS Number : 0623N

Edge Resources Inc.

03 September 2013






FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG 3 September, 2013

EDGE RESOURCES INC. Calgary, Alberta





Edge Resources Inc. Announces First Quarter Results, Debt Restructuring and Production Update



Edge Resources Inc. ("Edge" or the "Company"), is pleased to announce its unaudited first quarter results for the three month period ended 30 June 2013 ("Q1 2013"), which represent a record quarter for the Company. Additionally, the Company is very pleased to announce excellent production results and a significant improvement in terms from one of its lenders.





Period Highlights





· Financial



Ø Revenue of C$2.3m for the three months to 30 June 2013 (2012: C$2.2m) - a record quarter for the Company



Ø Cash generated from operating activities of C$1.0m for the three months to 30 June 2013 - also a record quarter



Ø Netbacks on oil production improved by 120 per cent. from the previous quarter to C$37.46/bbl



Ø Netbacks on natural gas production improved from C$0.00/mcf in the previous quarter to C$0.92/mcf in Q1 2013



Ø Approaching breakeven with a small net loss for the period of C$0.03m (2012: C$0.11m)



Ø Average daily production remained flat of 577 boe/d compared to 585 boe/d in the previous quarter





Operational



Ø Vertical oil well drilled in late March 2013 at Eye Hill (formerly known as Primate) is producing over 100 boe/d (up to 114 boe/d)



Ø Water to oil ratios are below 50 per cent. which is significantly lower than the average for the area and much better than the Company's initial expectations



Ø Production capacity is currently being restricted to maximize reservoir life and maintain lower water to oil ratios





· Balance Sheet



Ø Subsequent to the Quarter end, the Company substantially reduced its working capital deficit by renegotiating the terms of the $8 million shareholder loan - in view of the fact that the Canadian bank lending environment is tightening the Company thought it would be prudent to improve the terms of the shareholder loan in order to reduce reliance on its overdraft facility



Ø Accordingly, the Company has agreed with the lender that the term of the loan be extended by more than three years, to January 2017 and the rate of interest be reduced from 12 per cent. to 10 per cent. per annum



Ø Neither the interest nor the principal are payable until the end of the term and the Company has the option to pay out the loan, or a portion thereof, at any time, without penalty



Ø The restructuring of the shareholder loan has strengthened the Company's balance sheet and reduced its annual interest cost; the Company is appreciative of the lender's ongoing support to the Company





· Reserves



Ø As previously announced, the Company's updated reserves report, prepared in June 2013 by Deloitte with an effective date of March 31st 2013, showed a major increase in reserves and net present value



Ø In the Company's core area of Eye Hill, the net present value of Proved (NPV10%) reserves increased by 225 per cent. to C$24.15 million



Ø In the Company's core area of Eye Hill, the net present value of Proved + Probable (NPV10%) reserves increased by 173 per cent. to C$60.1 million



Ø In total the net present value of the Company's Proved + Probable (NPV10%) reserves increased 37 per cent. to C$89.4m





Brad Nichol, President and CEO of Edge commented, "We are extremely pleased to have produced a record quarter for the Company. The record quarter, combined with excellent production results and very significant reserves increase in Eye Hill has verified our intentions to finance and drill the first 25 of up to 100 wells in Eye Hill. The runway is tremendous and we own 100% of the rights, with no partners, and we have 3D seismic coverage on the entire property." Nichol added, "During the production test, the vertical well we drilled in March, 2013 produced up to 114 bopd and is now comfortably above 100 bopd, still with plenty of room for improvement. Also in Eye Hill, a 225 per cent. increase in Proved Reserves and a 173 per cent. increase in Proved Plus Probable Reserves demonstrates the confidence of Deloitte, our reserve evaluation engineers. We're obviously very excited about moving ahead with development of this project."

Edge Resources to follow up Eye Hill success with winter drilling
By Jamie Ashcroft October 29 2013, 7:47am Edge is planning winter drilling in at least two locations, both of which will be in close proximity to the recent expectation beating wells.Edge is planning winter drilling in at least two locations, both of which will be in close proximity to the recent expectation beating wells.

Edge Resources (LON:EDG) is planning a winter drilling programme in the Eye Hill area after a prior well continues to please.

Production from a vertical well in the Eye Hill area has now averaged 130 barrels a day, peaking at 150 barrels, over the past month. This represents a continued improvement, as it was previously operating at 60-90 barrels per day.

The company says the water-to-oil ratio for this well is very low and it has continued to decrease, at the same time the well pressure is steadily increasing – compared with the start-up period it has improved 300% in the last month.

Now Edge is planning winter drilling in at least two locations, both of which will be in close proximity to the recent expectation beating wells.

"We are extremely pleased with these production results, especially in comparison to other pools in the area and particularly given the large number of similar drilling locations remaining on Edge's 100% owned lands,” said chief executive Brad Nichol.

“In the tight capital markets we're experiencing today, projects like the Eye Hill East discovery that typically generate three to four times the initial invested capital with a payback of less than six months, are critical to generating shareholder value.

“With up to an additional 100 potential wells to drill at Eye Hill, the company anticipates being able to fund future wells by recycling the surplus cash generated by newly drilled wells."

He adds: "Our intent is to minimise typical developmental risks in order to duplicate the results we've seen in Eye Hill to date. Our 3D seismic and the previously-drilled wells lead us to believe that future drilling opportunities in Eye Hill should provide us with similar well results.”

Edge also told investors of changes to its banking facilities.

An C$8mln revolving debt facility has been agreed with the National Bank of Canada, replacing a prior C$12mln facility. Interest rates have increased – to the bank’s premium rate plus 3%, versus plus 0.75% in the prior arrangement.

These changes reflect the current lending environment in Canada, where lending models and practices are being revised.

It has also cancelled a US$6.5mln line of credit for acquisition and development, as it says using such a facility is not justified in the current market.

Drilling Programme Update


http://www.moneyam.com/action/news/showArticle?id=4718152

Drilling Update

RNS


RNS Number : 8070V

Edge Resources Inc.

18 December 2013






FOR IMMEDIATE RELEASE

AIM Exchange Symbol: EDG

TSX Venture Exchange Symbol: EDE December 18, 2013

Edge Resources Inc. Calgary, Alberta





Edge Resources Inc. Drills and Cases Four Successful Wells in Eye Hill, Saskatchewan

Edge Resources Inc. ("Edge" or the "Company") is very pleased to announce that it has successfully drilled and cased four additional wells in Eye Hill, Saskatchewan, with all four wells expected to produce commercial levels of oil. Completion activities have already commenced and the wells are expected to be put on production test before Christmas.

After previously announcing the Company's intent to drill a minimum of three wells (see December 4, 2013 announcement), the Company was pleased to have moved very quickly to have constructed the necessary roads and locations, achieved the necessary regulatory approvals and secured the rig for all four wells in a very short period of time.

Increasing production and associated cash flow was the primary objective of the drilling programme, with three of the four wells being drilled, at most, 760 meters away from Eye Hill East's producing well (was last reported on October 29, 2013 to be producing at up to 151 bopd). One of those wells was not previously assigned any reserves on the Company's March, 2013 Competent Person's Report and two of those three wells were only assigned probable reserves.

The fourth location was drilled 2,900 meters from the producing well and was not previously assigned any reserves on the Company's March, 2013 Competent Person's Report.

The Company is very pleased with the logs from these four wells, two of which have demonstrated clear superiority to even the existing producer. Edge expects to see reserve additions and production contribution from all locations, which should lead to significant cash flow and asset value improvements.

All wells were drilled on or under budget, despite the sudden drop in temperatures to more than 30 degrees Celsius below freezing for most of the duration of the programme.

Brad Nichol, President & CEO of Edge, commented, "I could not be more pleased with the log results from these wells. The complete re-evaluation of our field data carried out this summer appears to have paid off and Mother Nature even rewarded us with a couple of nice surprises. Equally impressive was the operational team's ability to move quickly and execute the programme flawlessly. I am excited about the prospect of getting these wells on line to increase our production as well as updating our reserve report in the Spring. It is nice to have finally accomplished what we have been talking about doing for such a long time." Nichol added, "We have already commenced the completion and equipping operations and we expect to get at least three of the wells producing before the end of the year. The fourth may have to wait until the New Year to start producing oil, as the rig is now racked on our location and probably won't be moved off until after the Christmas break."

Competent Person's Statement

The preparation of the technical information contained herein was supervised by Brad Nichol, President and CEO of Edge Resources who is registered as a Professional Engineer and is recognised as a Qualified Person. Mr. Nichol has consented to the inclusion of the technical information in this release in the form and context in which it appears.

On the move.

up 20%

Solid buying today.