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

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!

Half Yearly Results

RNS


RNS Number : 1271Y

Edge Resources Inc.

27 November 2014






FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG November 27, 2014

EDGE RESOURCES INC. Calgary, Alberta





Edge Resources Inc. Announces Half Year Results



Edge Resources Inc. ("Edge" or the "Company") is pleased to report its operating and financial results, for the second quarter and half year ended September 30, 2014 ("Q2 2015" and "H1 2015").

Detailed operating and financial results are presented in Edge's unaudited 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). The unaudited results for the three and six month periods ended September 30, 2014 are highlighted and summarised below.



Highlights for the three and six month periods, ending September 30, 2014:



· Oil and Natural Gas Sales for H1 2015 amounted to $5,831,131 versus $4,887,341 for the same period last year (19% increase).

· Cash generated from operating activities continued its trend and increased to $1,241,000 in H1 2015 from $850,000 one year ago (46% increase). It increased to $99,000 for Q2 2015, compared to a loss of $185,000 for the same quarter one year ago.

· Net income of $170,000 in H1 2015 versus a net loss of $246,000 for the same period last year.

· Half yearly Operating Costs for oil decreased to $18.52/bbl from $20.42/bbl and oil Netbacks increased to $45.37/bbl from $44.42/bbl. Oil-based half year Netbacks increased to $2,547,000 compared to $2,065,000 one year earlier (23% increase).

· Continued focus on controlling costs resulted in a 5% and 9% decrease in G&A Costs for the quarter and half year periods, respectively.



Brad Nichol, President & CEO of Edge, commented, "We are very pleased with our half-yearly results, as we held our own despite a falling oil price - which started the quarter at $105/bbl and ended the quarter at $91/bbl - and a temporary production issue that occurred and was resolved during the second quarter. Even with these challenges, we exited the first half of our financial year with a Netback above $40/bbl and with more cash and a higher production rate than when we started the quarter. This success was aided by a much-improved heavy oil discount to WTI and a weaker Canadian dollar, both of which appear to be holding steady into the future." Nichol added, "In hindsight, we made excellent capital choices, having chosen to conserve cash in the midst of deteriorating oil prices and take a 'wait and see' approach to our capital plans. While this tact did not provide a multitude of drilling activity and announcements, we are still very excited about the significant number of wells we can, and will, drill in Eye Hill. This view has been reassured by the robust production from the wells we drilled last year and that are still producing at roughly the same - or better - levels than almost one year ago. Additionally, having just generated sales of $1.1 million from October production when the average WTI oil price was $84/bbl, we have nothing but confidence in the path forward. Finally, we are planning to construct a water disposal facility in Eye Hill East, which will provide a level of water handling capacity, capability and cost control that is necessary when considering a large-scale, long-term drilling programme, which is an important step in the bigger blueprint for Eye Hill East. We anticipate that this new facility will enable us to increase production from existing wells whilst at the same time reduce production costs for existing and upcoming wells. Our bank has agreed to fund this facility, which nicely complements our confidence in the long-term strategy and while oil prices are unstable, bringing down operating costs is what I believe all oil companies should be focused on."

27 Nov SP Angel 16.00 Buy
27 Nov Sanlam... 10.00 Buy

Edge Resources chief has "nothing but confidence" despite lower oil prices

By Jamie Ashcroft

November 27 2014, 1:57pm
Edge Resources chief has 'nothing but confidence' despite lower oil prices

Onshore Canadian oil firm Edge Resources (LON:EDG) revealed a 19% rise in first half oil and gas sales, bringing in $5.8mln in the six months to September 30.

Despite the falling oil price, Edge chief executive Brad Nichol told investors the company has "nothing but confidence in the path forward."

In this morning's interim results statement, he said: "We are very pleased with our half-yearly results, as we held our own despite a falling oil price - which started the quarter at $105/bbl and ended the quarter at $91/bbl - and a temporary production issue that occurred and was resolved during the second quarter.

"Even with these challenges, we exited the first half of our financial year with a Netback above $40/bbl and with more cash and a higher production rate than when we started the quarter."

Nichol added that, in hindsight, the group's "wait and see" approach to capital spending was an excellent choice even if it meant less drilling activity.

Nevertheless, he says the company remains very excited about the significant number of wells that can be drilled at the flagship Eye Hill project.

"This view has been reassured by the robust production from the wells we drilled last year and that are still producing at roughly the same -or better - levels than almost one year ago."

Among the group's forward plans will be the construction of a water disposal facility which will enable a scaling up of longer term drilling, it will also allow an increase in production from existing wells. The programme is described as an important step in establishing a "bigger blueprint" for Eye Hill. The work will be funded through an agreed bank facility.

Edge told investors it generated $1.24mln of cash from operating activities in the six month reporting period, up from $850,000 in the same period of 2013.

It banked a net income of $170,000 versus a $246,000 net loss last year.

Operating costs were down to US$18.52 per barrel versus $20.42 in 2013, whilst at the same time net back from oil sales increased to $45.37 per barrel from $44.42 - it received $2.54mln in H1 2014 versus $2.06mln last year.

"With oil prices at current levels, a supportive credit provider, the company’s focus on cost control and higher return drilling programmes means that Edge is better able to face the next period," said Zac Philips, analyst at SP Angel.

The City broker repeated a 'buy' recommendation, but reduced the target price to 16p from 19p - current price: 6.2p.

Completion of New Facility & Operational Update

http://www.moneyam.com/action/news/showArticle?id=4966280
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28 Jan SP Angel 12.00 Buy