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' 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.

up 13% , Need the flow results

Production Update/Proactive Investors Presentation

RNS


RNS Number : 6631X

Edge Resources Inc.

14 January 2014






FOR IMMEDIATE RELEASE

AIM Exchange Symbol: EDG

TSX Venture Exchange Symbol: EDE January 15, 2014

Edge Resources Inc. Calgary, Alberta





Edge Resources Inc. Announces Production Additions and

Intention to Present at Proactive Investors One2One Investor Forum





Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that Brad Nichol, President and CEO of Edge, will present at the Proactive Investors One2One Forum in London on Thursday (January 16, 2014). Ahead of the investor forum, the Company is required to provide a brief update regarding preliminary results of the recent four well drilling programme.

As expected (see December 18, 2013 announcement), the first three wells of the recent drilling programme were put on production test just prior to the year end; the fourth is expected to be brought on production within the next two weeks.

Total combined production from the three new wells is 175 bopd. However, as is usual with Cold Heavy Oil Production with Sand ("CHOPS") wells it can take an extended period of time for these types of wells to clean up and for the combination of sand, oil, water, foam and gas rates to stabilise.

Brad Nichol commented, "We are excited at the prospect of these wells adding to the production and reserves of the Company and are looking forward to getting them cleaned up and fully on-stream."

The Edge presentation will be uploaded to the Proactive Investors and Edge websites following the event.

Edge Resources set for higher rating, says Sanlam

By Jamie Ashcroft

January 31 2014, 11:25am
Edge Resources set for higher rating, says Sanlam

City broker Sanlam began its coverage of Edge Resources (LON:EDG) with a ‘buy’ recommendation, highlighting the firm has transformed itself into a producer of oil, rather than gas.

It is possible that Edge could be producing 1,000 barrels of oil equivalent per day (boepd), 80% of which oil, within 24 months, said Sanlam analyst Charlie Long.

This, he says, will set Edge in a “very different and higher rated category” of junior exploration and production companies.

“Edge’s new oil production is from Eye Hill near Lloydminster, a heavy oil area regarded as one of North America’s most profitable plays,” the analyst said in a note.

“Edge has over forty high-grade well targets plus very significant undeveloped land holdings. Following a drilling campaign in December and the new production it delivered, Edge is now generating sufficient cash to self-fund drilling going forward.”

Sanlam rates the stock as a ‘buy’ with a 10p price target.

demonstrates short journey from drilling to production revenues

By Sarah Lowther

April 11 2014, 3:42pm



Brad Nichol, chief executive officer of Edge Resources (LON:EDG, CVE:EDE), tells Proactive Investors the company in enjoying the fruits of the investment it made following last November's cash raise. Production revenues surpassed C$1mln in February and Nichol is confident that March will be another record month for the Canadian oil & gas company. The company is accumulating cash for future drilling, even as it pays down debt.


http://www.proactiveinvestors.co.uk/companies/stocktube/2699/edge-resources-demonstrates-short-journey-from-drilling-to-production-revenues--2699.html

Reserve Update

http://www.moneyam.com/action/news/showArticle?id=4806494

Listen here: Edge Resources Inc (EDG) - Reserve update

Click here to listen to the webcast

Into double figures with the good rise today.

Edge Resources in "self-funded virtuous cricle" says Sanlam

By Philip Whiterow

May 30 2014, 11:24am
Edge can now fund any further drilling internally.
Edge can now fund any further drilling internally.


Sanlam has raised its price target for Canadian oil group Edge Resources (LON:EDG) after the success of its recent drilling programme and better cashflows.

Edge can now fund any further drilling internally and as a result can commission six wells in the current year, more than previously forecast by the broker.

“Edge has employed an additional G&G [geological and geophysical] team to define drill targets at Eye Hill East. Three pools have been identified and we expect between 25 and 40 targets to be generated. The G&G team is also evaluating the wider Eye Hill property which could generate additional targets.”

February (C$1.1m) and March (C$1.2m) were record months for revenues while flow rates from the new wells were better than Sanlam expected.

An added kicker has come from the very strong heavy oil price while gas prices have also been high at an average C5.5/mcf recently.

Sanlam has raised its revenue and operating profit numbers for this year and the next to C$10.2 mln and C$2.3mln and C14.1mln and C$4.3mln respectively.

Earlier this month, Edge revealed a sharp rise in its reserves, most which was in the proved reserve category and that rose 72% year-on-year to 7.6mln barrels equivalent. Half of the incrae was attributable to the core assets at Eye Hill, Saskatchewan. Total proved reserve value was estimated at C$69.2mln, or around 23p a share.

'Buy' remains Sanlam's stance with a 14p price target.

Shares today were up 8% at 12p and have risen 48% this year so far.

Seems to be rerating. Good rise today

Shares - In a nut shell, the holly grail for oil and gas companies is to fund their activities out of the cashflow from existing production and Edge appears to be at this point. A competent persons report, essentially an independent audit released in May indicates the scope for further upside. It reveals a 44% increase in the estimated value of the £24 million cap's proved and probable reserves to £70million or 43p a share.

Edge Resources Inc. Full Year and Q4 Results

RNS


RNS Number : 4491K

Edge Resources Inc.

25 June 2014




FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG June 25, 2014

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 2014 and the three month period ended 31 March 2014 ("Q4"), highlights of which are set out below.



· Record annual revenue of $10.0 million up 19% versus $8.4 million last year and record quarterly revenue of $3.19 million for Q4 up 76% versus $1.81 million on the same period last year



· Record total field netback of $4.3 million for the year and $1.36 million for Q4 versus $1.98 million and $0.34 million respectively for the previous year



· Total field netbacks increased to $21.22/boe for the year and $24.38/boe for Q4 versus $7.96/boe and $6.37/boe respectively for the previous year. Oil field netbacks for the year were $38.18/bbl and $35.79/bbl for Q4 versus $19.97/bbl and $17.09/bbl respectively for the previous year



· Net loss of $1.7 million for the year and $0.63 million for Q4 versus $6.7 million and $3.22 million respectively for the previous year



· Average daily Oil & NGL production of 291 bbls for the year and 350 bbls for Q4 versus 282 bbls and 243 bbls respectively for the previous year. The daily oil production rate exiting the year was 376 bopd



· Average daily Natural Gas production of 1,587 mcf for the year and 1,608 mcf for Q4 versus 2,390 mcf and 2,052 mcf respectively for the previous year, reflecting natural declines and the Company's focus on oil



· Record year-end Proved reserve value, with a 72% year-on-year increase to $69.2 million (equivalent to 23.5p per share)



· Record year-end Proved + Probable reserve value, which increased 44% from $89.4 million to $129.0 million (equivalent to 43p per share)



· The Company raised $3.6 million gross in equity in November 2013, allowing the company to conduct an accelerated capital programme in Eye Hill, which resulted in the drilling, completion, and tie-in/equipping of 4 gross (4 net) oil wells in Eye Hill



Brad Nichol, President and CEO of Edge, commented, "The last year has been an exceptional period for the company with oil production leading to record revenue levels as a result of a very successful drilling programme that utilised the proceeds from our over-subscribed November 2013 share offering. The decision taken in 2012 to focus on increasing oil exploration and production is paying dividends - and it is a direction and policy we intend to follow with increasing vigour going forward. On that note, and following on from my May 8th comments, a healthy rise in oil production combined with favourable market conditions has enabled us to continue to generate record levels of cash, which we intend to put to good use through the drill bit."



Detailed operating and financial results are presented in Edge's financial statements and related Management Discussion & Analysis ("MD&A"), which can be accessed on the Company's website (www.edgeres.com) and on SEDAR (www.sedar.com).