We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Edge Res | LSE:EDG | London | Ordinary Share | CA27986R1010 | COM SHS NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.175 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.175 | GBX |
Edge Res (EDG) Share Charts1 Year Edge Res Chart |
|
1 Month Edge Res Chart |
Intraday Edge Res Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/1/2018 | 07:26 | Edge Resources - 2014 Onwards | 3,846 |
| 21/2/2016 | 11:14 | edge resources GOT A TIGER BY THE TALE. | 653 |
| 22/10/2014 | 12:07 | Edge Resources | 1,048 |
| 24/6/2009 | 17:15 | Edin.OIL & GAS official thread | 8,820 |
| 26/4/2005 | 20:19 | Edin.OIL & GAS - bored sold out yesterday | 8 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 17/1/2018 23:25 by brasso3 Does not give EDG a mention! I wonder why? |
Posted at 26/4/2016 17:55 by carpadium FOR IMMEDIATE RELEASETSX Venture Exchange Symbol: EDE AIM Exchange Symbol: EDG April 26, 2016 Calgary, Alberta Edge Resources Announces Shut-in of Production, Cessation of Operations, Termination of Officers and Resignation of Directors Edge Resources Inc. (“Edge” or the “Company” The Company has an LMR rating in Alberta of 1.29 which, with low-decline assets, is projected to remain greater than 1.0 for the foreseeable future. The rating in Saskatchewan is currently 3.8. The Company has been actively engaged in attempts to secure financing, asset sales and restructuring processes since May of 2015 and despite pending extant offers for all and/or some of the assets of Edge, the proceeds would be insufficient to satisfy all liabilities of the Company. The cost of operations, including processing and transportation of commodities, field labour and production costs, royalties, and administrative expenses, exceeds gross revenues at recent commodity pricing levels. The Company’s lender has declined to provide further financial support to Edge and, despite Edge’s exhaustive efforts to work with ATB on several bona fide options, there is no other means of financing available to the Company at this time. The directors have determined that Edge’s business is no longer viable, that Edge’s realizable asset value is less than its current debt, that in the present economic environment and in Edge’s present circumstances with its current asset base, Edge cannot refinance or recapitalize its operations and that the Company, therefore, no longer has the financial capability to carry on its operations. As a result, Edge announces that it has now consented to ATB’s appointment of a Receiver over the Saskatchewan-based assets, shut-in its Alberta operations, terminated certain officers of the Company, and that all remaining employees and consultants have been terminated and directors have resigned, effective immediately. As a result of the foregoing, trading of the Company’s common shares on the TSX Venture Exchange will be suspended and the listing will be moved to the NEX Exchange. Separate Note: NEX is a separate board of TSX Venture Exchange. It provides a trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards. Going forward, companies that have low levels of business activity or have ceased to carry on active business will trade on the NEX board, while companies that are actively carrying on business and pursuing growth and shareholder value will remain with the main stock list of TSX Venture Exchange. |
Posted at 12/4/2016 18:03 by andy Edge Resources shareholders approve matters at AGM2016-04-12 08:43 ET - News Release Mr. Brad Nichol reports EDGE RESOURCES ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING Edge Resources Inc. has released results of its annual general and special meeting of shareholders of the company held on Monday, April 11, 2016. The meeting was held, in part, to seek the approval of shareholders for the delisting of the company's common shares on the AIM Exchange. Shareholders approved the delisting from AIM by a 99.92-per-cent majority, and the company's admission to AIM will be cancelled on April 15, 2016. A total of 13,377,953 common shares were represented at the meeting either in person or by proxy, representing approximately 7.86 per cent of the issued and outstanding common shares of the company. All resolutions sought from shareholders in the company's management information circular dated March 11, 2016, distributed to shareholders prior to the meeting, were carried by a positive vote of greater than 99.5 per cent of shares voted at the meeting. The resolutions included the matters as follows, all as further described in the information circular: Fixing the number of directors of the corporation at three; Electing Brad Nichol, Scott Reeves and Chris Cooper as the directors for the ensuing year; Reappointing Collins Barrow Calgary LLP, chartered accountant, as the auditor of the corporation for the ensuing year; Ratifying, adopting and reapproving the stock option plan of the company; Cancelling admission of the company's shares to trading on London's AIM exchange pursuant to Rule 41 of the AIM rules; Approving the consolidation of the company's issued and outstanding common shares on the basis of up to one new common share for 20 existing common shares; Approving the creation of a control person within the meaning of the rules and policies of the TSX Venture Exchange. The company previously announced on April 5, 2016, that its lender, ATB, had provided notice requiring payment in full of Edge's outstanding indebtedness plus interest, costs and fees by Monday, April 11, 2016, at 5 p.m. MST; however, the deadline is now Thursday, April 14, 2016, at 9 a.m. MST. The company is in continued discussions with its subordinated lender and other parties to acquire the debt from ATB. While the company is hopeful and encouraged that a deal will be struck to acquire the debt, which would allow the company to continue operating, there are no guarantees this will happen before the deadline imposed by ATB. If payment is not made, it is expected that ATB will undertake action to enforce its security shortly thereafter, which is a process that could take approximately one week to conclude. We seek Safe Harbor. |
Posted at 06/4/2016 18:03 by andy did everyone miss this RNS yesterday?------- 05 April 2016 TSX Venture Exchange Symbol: EDE AIM Exchange Symbol: EDG April 5, 2016 EDGE RESOURCES INC. Calgary, Alberta Edge Resources Announces Demand by Lender to Repay Outstanding Indebtedness and Notice of Intention to Enforce Security Edge Resources Inc. ("Edge" or the "Company") announces that its lender, Alberta Treasury Branch ("ATB"), has made demand upon Edge for payment in full of Edge's outstanding indebtedness in the aggregate amount of approximately $8.4 million plus interest, costs and fees by Monday, April 11, 2016 at 5:00 p.m. In addition, ATB has provided Edge with a Notice of Intention to Enforce Security pursuant to subsection 244(1) of the Bankruptcy and Insolvency Act (Canada). The Company is in continued discussions with its subordinated lender to acquire the debt from ATB. While the Company is hopeful and encouraged that its subordinated lender will acquire the debt, which would allow the Company to continue operating, there are no guarantees this will happen before the deadline imposed by ATB. As announced on March 4(th) and 15(th) 2016, trading in the Company's shares on AIM is currently suspended as the Company does not have an AIM nominated adviser appointed. The Company's admission to AIM will be cancelled on April 15(th) , 2016, as it does not intend to appoint a new nominated adviser. ------- That all looks a bit terminal, IMHO. let's hope the subordinated lender can come to the rescue! |
Posted at 01/4/2016 18:16 by adverse Oh dear! I'm finding it painful to watch you, mark10101, as you search for reasons to be cheerful about what has just happened. You don't seem to have understood the documents at all.Two things are in the pipeline: consolidation and dilution. Consolidation is irrelevant to your shareholding. If it's 20 to 1 then the price of the share multiplies by 20 but your holding is divided by 20. So no change whatsoever. 20 shares at 1p (say) becomes one share at 20p. Because EDG is currently trading at half a cent ($0.005) the new shares will, assuming no change in market cap, trade initially at twenty times that amount, or ten cents ($0.10). But remember, you are holding twenty times fewer of them! EDG is in serious trouble with debts, but mainly to the tune of $12m to one person. He appears to be exercising his right to swap the debt for equity. So he wants $12m in shares. The new shares are assumed to be worth ten cents, so he wants 120 million new shares. As of now there are 160 million "old" shares in existence. After consolidation, they become 160/20 = 8 million new shares. Those 8 million new shares, which account for the entire company, will be ADDED TO by the 120 million created for the person mentioned above. So your shareholding, your part-ownership of the entire company, which was a fraction of 8 million, at a stroke becomes a fraction of 128 million. Whatever assets the company has now have to be shared out over a MASSIVELY increased number of shares. Your holding has been diluted by 128/8 = 16 times. Except that the company has negative net assets anyway, so there's nothing to share out except more debt. But the oil price may recover, then the assets would be worth something again... |
Posted at 02/12/2015 16:15 by carpadium For those not accessing SEDAR report, below taken from MD&A just released ...OUTLOOK Edge has remained true to its strategy of operating in a conventional, shallow arena with properties that offer exceptionally large economic returns at lower than average risk, regardless of the commodity type. With much industry attention now focused on lower and decreasing oil prices, our dedication to an excellent strategy and the assembly of exceptionally high quality assets will allow Edge to excel during a an industry downturn. Within the context of a tumultuous industry dynamic, Edge has acted very conservatively with respect to capital expenditures and cost management, and will continue to do so while commodity prices remain low and/or unstable. Commodity price swings affect the top line; however, heavy oil producers should consider other important factors, such as managing costs. In the midst of falling WTI oil prices, Edge’s received heavy oil price has had some reprieve, as the “heavy oil discount” to WTI has improved. Additionally, the Canadian dollar has weakened versus the US dollar, resulting in a lower oil pricing impact for Canadian producers. Both of these factors have lessened the impact of falling light oil prices on Canadian heavy oil producers; however, the impacts of low WTI pricing are expected to overshadow profitability in the industry for the next 1-2 years. The Company is unlikely to employ a large drilling program in the near future, given the low oil price. Efforts will be focused more on the acquisition of additional, complimentary assets and/or corporations. These acquisition opportunities are now starting to improve in quality and quantity. Now that acquisition opportunities are improving, Edge expects the new capital partner relationship to finally bear fruit in the relatively near future. The Company has demonstrated a consistent record of highly successful and accretive acquisitions – especially for a junior E&P company in the midst of an illiquid equity market. While the bulk of value has traditionally been created with the drill bit, it is reasonable to expect that opportunities for additional acquisitions will present themselves in the future. In any endeavor we pursue, whether through the drill bit or via acquisition; oil or gas; vertical or horizontal; deep or shallow, at the core of that pursuit will be maintaining the fundamentals that have brought us success in the past: 1. Growth through focusing on exceptional ‘return on capital employed’ projects (good growth vs. growth for growth’s sake) 2. Fast payback on all capital invested (< 12 months) |
Posted at 29/10/2015 12:55 by lazarus2010 Mark, sorry, you cannot compare EDG with LGO. LGO hit 6p and had a market cap of well north of £100mln and it was all based on hope and expectation. NR has done a terrible job of managing the share price He worded rns' very carefully so as to try and fool the market into expecting more than 2,000bopd. The 5,000 bopd tanks were a sign to pi's that production would be on the up and NR never tried to damp down pi's expectations. The share price was also based upon 100% success with the drill bit and wells far exceeding initial forecasts. Against this backdrop of a failed well, high decline rates there has also been the issue of the PoO dropping.LGO share price was also based on hope of finding elephants, however they don't have the cash to go huntig them down. They have also vastly increased their staffing levels and now have to support high G&A costs. Add to this DL's high consultancy fees, they have a huge drain on resources and could even be in danger of going bust if they can't manage their costs and production continues to decline. BN has issued news when appropriate. He cannot invent news. As Sleveen rightly states, in the current market the focus is cost control not wasting money on risky drilling. If the strategy of acquiring new assets works, then I would expect that in time we shall see a significant re-rating in the sp, assuming we manage to buy decent producing assets at firesale prices which are immediately earnings accretive. If this strategy fails then it is just a case of hoping that the PoO rises and things turn around eventually, so staying in the game is a priority. I note that Hawk issued an rns today and they still plan on drilling 2 more wells and spending $3mln, plus the $1.5mln they just spent on a failed well. With $4.5mln they would have been better off to acquire some producing assets and holding back with the drill bit. Two companies have had success recently, panr and sqz and their share price have rocketed by comparison to most E&P's on aim. However they have yet to prove that their wells will be profitable and hence commercially viable in the current market. When I wrote to BN I did of course mention the fact that if his strategy of building a large E&P company plays out, then he should be promoting this strategy in Canada and getting more investors on board. Time will tell... |
Posted at 29/10/2015 12:05 by mark10101 I love that sort of comment. If Brad was successfully running the company we would not be 1/10 of many of our entry point and the share price would not need managing. His lack of comunication to the market means we have no momentum and little interest at a time where things are tough anyway. A few hundred thousand shares can add or wipe out 20% of share price value.You are a big fan of LGO, I was in them in the early days and they showed exactly why managing the share price is a key part of life on AIM. They have managed to raise millions due to the strength of their share price and although things are tricky there ATM it has been invaluable to them, their market cap was defying the weak poo for a long while until there were technical issues. A huge following kept them strong while many oilers like EDG suffered in this tough climate, EDG IMHO has very similar prospects to what LGO had last year when they implement their strong drill campaign. Two similar companies one with excellent PR one with none. EDG should be doing much better even in the current climate. |
Posted at 28/10/2015 18:51 by mark10101 Brad may find that given his terrible management of EDG's share price performance is now putting us into a category he said he would be taking advantage of.....On paper EDG's current share price even at this level of POO is a back the truck up opertunity but due to Brad's ability for promoting the share we are just not attracting interest. Bonkers share price but when you have a bonkers manager that is what you get. His arrogance at $100 oil was inappropriate given his ability to deliver for shareholders at $45 he is looking a fool. |
Posted at 13/5/2015 12:46 by carpadium On the subject of hedging I enquired back in late Jan as to what, if any, hedging plans would be April onwards. This is the reply I received;We have just under 20% of our oil production hedged until the end of March at US$91.40 WTI per barrel until the end of March. We (or others) are unlikely to hedge production at these prices but we all have the option to purchase a floor, so to speak. The lower the floor price, the cheaper the option. We’re examining the economics of purchasing that type of insurance (my term). On hedging in general, we do not (and in my opinion, almost everyone should not) hedge to try and secure a “good price” or the “right price” with the hopes of hitting a high price, we hedge simply to protect a capital plan or to ensure the production coming in the door will fund the specific project/item it is intended for. If, for example, we wanted to ensure that we could drill 2 wells in Q4 2015, then prior to initiating that project, we might hedge a certain amount of production (the amount of production is what we control) at the price being offered by the futures. In our case, we are not intending to embark on a drilling program in the near future so we do not have the requirement at the moment to hedge an amount of production to protect those specific future capital plans (because they don’t exist right now). Great to see we're off and running once more, per ardua ad astra! Hopefully a May update prior to June finals will keep momentum rolling. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
