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

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).

UPDATE - Edge Resources boosted by significant debt refinancing

By Jamie Ashcroft

July 24 2014, 2:48pm
The new improved funding boosts plans to accelerate drill programmes, Brad Nichol said
The new improved funding boosts plans to accelerate drill programmes, Brad Nichol said


-ADDS BROKER COVERAGE-

Junior Canadian oil producer Edge Resources (LON:EDG, CVE:EDE) advanced nearly 10% after unveiling a significant debt refinancing which will boost its growth plans.

Edge has agreed a new $17mln revolving loan with ATB Corporate Financial Services, which replaces a facility with National Bank of Canada

Not only does it reduce annual interest costs - it now pays the Canadian prime rate plus 1.75% rather than plus 3% - the size of the facility also more than doubles from $8mln.

"This is a significant development for Edge and vastly improves our financial flexibility,” chief executive Brad Nichol said.

“This is a tremendous show of confidence from one of the biggest lenders to Canadian Junior Oil and Gas companies.

“The new facility also drastically reduces our cost of capital and provides us with a much larger pool of funds with which to fund new projects such as the acceleration of our drilling programme in Eye Hill, infrastructure projects that aim to lower our operating costs and/or short-fuse, opportunistic acquisitions."

After refinancing, $6.3mln of the new facility has been drawn dawn which leaves significant remaining ‘headroom’, Edge said.

The loan facility is secured against the group’s assets and the available borrowing base is determined by independent assessment of all material hydrocarbon interests, including royalty interests.

ATB also demands commercial covenants including the requirement that Edge maintains a working capital ratio of no less than 1:1, and that senior debt to cash-flow is no more than 3:1.

The refinancing comes as Edge ramps up its operations in Saskatchewan, Canada.

City broker Sanlam today said: “We note that Edge has been generating cash since the beginning of 2014 and is unlikely to increase its net debt position very significantly (e.g. above $10m) but the lower cost and additional flexibility is most welcome.”

Commenting on Nichol’s reference to "short-fuse, opportunistic acquisitions", Sanlam adds: “Potential acquisitions are highly likely to be low cost and nearby i.e. sympathetic to current operations and not a diversion in strategy.

“We do not expect Edge to make use of the whole C$17m facility and we will be updating our numbers, primarily to reflect the lower interest charges.”

In production update last month revealed the company is reaping the rewards of a successful drill programme at the Eye Hill project.

Four commercial wells were successfully drilled in December, and were brought online during the fourth quarter.

The wells provided a significant boost to production and due to the success of the programme the company has decided to re-invest in more drilling to further enhance this incremental revenue growth.

Edge revealed a 76% rise in fourth quarter revenues resulting from the investment in the new wells.

It generated US$3.19mln of revenue in the fourth quarter, compared with US$1.8mln in the same period of 2013. Full year revenues consequently rose 19% to a company record of US$10mln, up from US$8.4mln the year before.

On AIM this afternoon Edge shares were up 0.88p, 9.2%, trading at 10.38p.

Edge Resources' first quarter results "couldn't have been better", says Nichol

By Giles Gwinnett

September 01 2014, 9:41am
The firm generated C$1.1 million in cash from operations in the three months and of that C$360,000 was reinvested in capital programmes and $750,000 was used to pay down bank debt
The firm generated C$1.1 million in cash from operations in the three months and of that C$360,000 was reinvested in capital programmes and $750,000 was used to pay down bank debt


Junior oil producer Edge Resources (LON:EDG, CVE:EDE) has unveiled another record-breaking quarter, posting a net income of C$288,431 in the first quarter compared to a loss of C$30,678 in 2013.

Sales in the three months to end June were C$3.5mln compared to C$2.3 million in 2013.

The firm generated C$1.1 million in cash from operations in the three months and of that C$360,000 was reinvested in capital programmes and C$750,000 was used to pay down bank debt.

Quarterly oil net-backs improved 37% compared to the previous quarter to $C49.14 per barrel.

President and chief executive Brad Nichol was delighted: "We are very pleased to have generated another record-breaking quarter.

"More revenue, more profit, more reserves and more cash - it couldn't have been better. Our focus now is on implementation of our capital programme, which we expect will be conservative and balanced between acquisitions and drilling on our existing property."

Nichol added: "These quarterly results demonstrate that we have set ourselves a very high bar in terms of cash generation, capital payback and return on capital; thus, any new projects we undertake must meet those very high hurdles in order to make our short-list.

"It's a fantastic problem to have and we look forward to implementing a capital programme in the near future."

Shares rose 4.08% to stand at 12.75p.
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1 Sep Sanlam... 14.00 Buy

Broker spotlight - Edge Resources (LON:EDG) has continued to make headway, but the real progress for FY’15 will start with the drilling programme in October/November (2014) says Sp Angel.

The broker applauds the start of the drilling programme, cash management and the focus on debt reduction but has kept its 19p (C$0.35) target price.

This could easy be 20p a share by end of this year,just checked through the last
figures issued and they look very impressive indeed.Quite a turnaround story here
in the making and growing fast.Also very high netbacks per barrel means those
reserves they have are worth a fair bit.Cant believe this not on the radar!