Edge Resources Inc.

Edge Resources Inc.

December 09, 2010 08:45 ET

Edge Resources Inc.: Operational Update-Infrastructure License Approved and Construction to Commence

CALGARY, ALBERTA--(Marketwire - Dec. 9, 2010) - EDGE RESOURCES INC., ("Edge" or the "Company") (TSX VENTURE:EDE) announces that, further to its November 4, 2010 and November 22, 2010 press releases, the Company has now received full license approval from the ERCB to start construction of its dedicated low-pressure, shallow-gas infrastructure project, which includes a compression facility and more than 15 km of pipeline.

The entire project has been designed to meet the bespoke needs required to optimize low-pressure natural gas production, meaning it (i) is scalable, (ii) requires relatively little capital and (iii) includes design efficiencies and features that allow the Company to keep operating costs below or near $1/mcf. Construction will commence immediately and is expected to take up to 6 weeks to complete, including any lost time for the holiday season.

Brad Nichol commented, "This is a significant step towards generating positive cash flow from our operations. We expect to see production on-line in the next six weeks and we expect to generate positive cash flow from that production because of this infrastructure, which we have designed exclusively for the unique characteristics and low-cost needs of shallow gas from the Edmonton Sands."

About Edge Resources Inc.

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.

Brad Nichol, President & Director


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.

Contact Information

  • Edge Resources Inc.
    Brad Nichol
    President & Director