Edge Resources Inc.

Edge Resources Inc.

September 28, 2009 09:01 ET

Edge Corporate Update-Focus on Production and Land Additions

CALGARY, ALBERTA--(Marketwire - Sept. 28, 2009) - Edge Resources Inc. (TSX VENTURE:EDE)(PINK SHEETS:EDGXF) ("Edge Resources" or the "Company") provides the following corporate update.

Since the Company's activation on the TSX Venture Exchange as a Tier 2 oil and gas issuer on May 27, 2009, the Company has experienced significant growth and has accumulated varied working interests in 11 sections of highly prospective Edmonton Sands properties. AJM Petroleum Consultants ("AJM") estimated 1,126,000 BOE of proved and probable reserves resulted from the seven section acquisition that occurred in June. To date, the reserves and associated value, which do not account for any additions from the four recently-drilled wells, has been acquired for a total capital cost of approximately $2.2 million, or $1.95/BOE.

The Company currently has no debt and estimates that it has approximately 500 BOE/day of net production "behind pipe".

Edge Resources is a very low-cost operator and is comfortable tying-in its wells with the current natural gas price. Management is now working through various processes with industry, partners and landowners on plans to complete and tie-in all of the Company's wells.

The Company is also in negotiations with several other producers to increase its landholdings through farm-ins or acquisitions. Overall, the Company's M&A efforts are focused on the acquisition of Edmonton Sands prospects; however, the efforts also include deeper oil and gas production that offer high-quality up-hole Edmonton Sands potential.

Brad Nichol, President & CEO said, "We are very excited about what we have accomplished with the capital we have available. We are excited about taking the Company to the next phase, in which we are focusing on bringing wells on production, undertaking additional drilling and adding to the land-base. Our competitive position is strengthened as a low-cost producer in a low-priced market, as we are able to pursue opportunities that many other firms cannot."

The Company's management team has been strengthened with the addition of Brad Nichol as Director, President & CEO of the Company, as well as Hugh Loney, Miles Johnson and more recently Jesse Griffith, who rounded out the team of Edmonton Sands, shallow-gas experts. The team has a strong history of working together to produce excellent results in the Edmonton Sands.

About the Company:

Edge Resources is focused on the development of natural gas from the Edmonton Sands group of formations, a conventional, shallow gas group of reservoirs located in Central Alberta, Canada. The Management Team's very high success rate is based on the safe, efficient deployment of capital and a proven ability to efficiently execute in shallow gas, specifically the Edmonton Sands, which gives Edge Resources a sustainable, low-cost, competitive advantage.

The Alberta Government estimates that there is 44 trillion cubic feet ("TCF") of non-producing, shallow natural gas in Alberta. Edge Resources' Management Team has evaluated over 20,000 sections of land and has identified over 200 "five-star" sections. The Company's development program focuses primarily on pursuing these highly prospective opportunities.

Visit the company website for more information: www.edgeres.com.

The term barrels of oil equivalent ("BOE") may be misleading, particularly if used in isolation. In accordance with NI 51-101, a BOE conversion ratio of six thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All BOE conversions herein are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings which are available at www.sedar.com.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Trading in the securities of Edge Resources Inc. should be considered highly speculative.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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