Guildhall Minerals Ltd.

July 14, 2009 12:50 ET

Guildhall Mobilizes Rig for Drilling Program on Two New Well Licenses

CALGARY, ALBERTA--(Marketwire - July 14, 2009) - Guildhall Minerals Ltd., Operating as Edge Resources (TSX VENTURE:EDE)(PINK SHEETS:GDMHF) ("Edge Resources" or the "Company") is pleased to announce that the Company has been granted drilling licenses for its two new Edmonton Sands wells. Additionally, the Company has obtained the services of an active drilling rig, which is expected to move to the first of the two locations later this week, weather permitting. The Company has served its partners with Independent Operations Notices in connection with the commencement of its anticipated two-well drilling program. The Company continues to seek additional drilling opportunities and licenses for new locations.

The Company's two-well drilling program consists of one well per section, on two sections, to be drilled conventionally and vertically to approximately 1,000 meters, targeting multiple zones in each wellbore. The multiple zone targets are all within the Edmonton Sands group of formations. Due to extensive well control and multiple zone targets, Edmonton Sands wells have a historically high drilling success rate.

The Company's President & CEO Brad Nichol commented, "We are pleased to have secured one of the few rigs in Alberta that has worked since breakup, which will ensure we have a warm, experienced crew and top-notch equipment. We have used these 'Super-Single Automatic Drilling Rigs (ADR)' in the past and the combination of experienced crews with efficient equipment has proven to be a big success on these shallow wells. Additionally, we anticipate taking advantage of drastically decreased rates for services compared to only a few months ago. We continue to negotiate with other companies to add to our existing drilling program and increase our working interest positions on the current program."

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 on pursuing only these highly prospective "five-star" Edmonton Sands prospects.

Visit the company website for more information:

Brad Nichol, President & CEO


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 what are available at

Trading in the securities of Guildhall Minerals Ltd. should be considered highly speculative.

Contact Information