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' 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