05/07/2012 The London Stock Exchange welcomes Edge Resources Inc. to AIM
The London Stock Exchange is pleased to welcome Edge Resources Inc. to AIM this morning, Thursday 5 July. Edge is already listed on the Canadian TSX Venture Exchange (under the symbol EDE).
Edge is an established oil and gas exploration and production company with operated, producing assets in Western Canada. The company’s reserves are located in the Primate area of Saskatchewan (oil), the Grand Forks area of Alberta (oil) and the Gilby/Willesden Green area of Alberta (natural gas).
It is currently producing at a rate of 850 boepd and is cash flow positive on a monthly basis. The company has created a reserve base of both oil and gas assets with an estimated value (NPV10) of CDN$63.2 million for its 2P reserves. Earlier this year, Edge raised CDN$4.5 million in equity from Henderson Global Investors Limited to assist in expanding production from its reserve base.
Brad Nichol, President and CEO, commented:
“We are delighted to have completed our London listing which we believe will give us access to new sources of capital to fund our future growth and also benefit our existing Europe-based shareholders.”
Merchant Securities Limited is acting as Nominated Adviser and Broker to the company, and Buchanan as its financial PR company.