Member Info for smidsy

A couple of years ago there was 3D Seismic survey carried out that revealed a tremendous amount of oil.

Thanks Robsky.

Anyone care to comment on the trades in the past couple of hours. Why does the SP drop like a stone and now we have the buyers taking up the trades.

good news for a change. Now bring on the financial report with more good news. :))

But someone paid 1.35 what's happening' Each trade pushes up the price of the shares.

so far 2549 signatures

Some interest here today and in Canada. Buys of 173,000 have pushed up the SP by 25%. The question is, why the sudden interest?

Third quarter results have been released in first couple of days in March in the past few years.

Morning all. Someone is showing a little faith with the 116,000 buy. Results out in a couple of weeks and that should show us the way we are proceeding, or not, as the case may be.

The following is an extract from the RNS in January 2015 giving us 6 months figures. We should be expecting another RNS at about the same time next year with the last 6 months figures and if Brad is good to his word we should have a good report. We are only four or five weeks away from the report and I await with interest. Brad Nichol, President & CEO of Edge, commented, "Our industry is facing an enormously challenging macroeconomic environment but we started making the right moves months ago; and thus, we are in a better position than most to capitalize on opportunities that coincide with all major macroeconomic events such as this. I'm referring to our expectation of seeing quality assets coming to the market in stressed situations and we hope to take advantage of those situations as best we can. As demonstrated in the table above, our Eye Hill asset has great economics at $90/bbl, $70/bbl and even $50/bbl, and we will continue to pursue the growth of that asset. However, this is the market in which strong companies should look to acquire heavily discounted assets versus drilling up their inventory." Nichol added, "The colossal decrease in world oil prices will hurt all oil and gas companies. Those that are prepared for the outcomes, as we believe Edge is, should benefit enormously and emerge from this downturn bigger, stronger and more efficient than ever before."

Dear Father Christmas, I am writing to you to ask for a special present this year. I have been a good boy all year, honest, you can ask my mum. She says that you may be able to perform your magic and bring me some good news. I know how busy you and your little elves are on Christmas Eve but I wandered if you could find the time and Rudolph and the rest of the team are up to it you may be able to fly down to Togo in Africa. It's not that far really. I want you to visit the Mining Minister and ask him for our mining permit. It's no big deal and I'm sure he will listen to you. Regards, Smidsy. PS I will leave an extra large glass of sherry and a big plate of mince pies for you as a reward and not forgetting some hay for Rudolph and the team.

Robsky, I don't know where you find these reports but keep up the good work. Below is the last sentence from Beaufort Superb. In light of the bright prospects of the company, we maintain a Speculative Buy rating on the stock. Beaufort Securities acts as corporate broker to Ferrex.

Good post and I recommend it. It shows to us laymen how the system is going to work and with a little patience this will turn out to be a very profitable investment. There is no better advertisement than to see how many shares the Directors have purchased themselves and how confident they are.

Robsky, glad to see you have joined the ferrets. I hope your investment is a moneymaker. I trust that you have checked out one of your other ex-investments ie EDGE, it looks rather interesting at the moment.

The trading in Canada yesterday shows buying of 239,000 shares which is an unusual amount for the Canadian market in one day. agrostis, thanks for the tip regarding the SP on positive news there are only 170 million shares in issue and a good slice of these are being held by the major shareholders and us pi's We have all seen what happens on here when the buying starts.

The survey will be used to finalise an initial, high priority, in-pit grade control drill programme before the end of December 2015 He's not messing about is he? More news soon.

Brad Nichol, President and CEO of Edge, commented, “There is no denying it has been a difficult year for all oil and gas operators, big and small. 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. Notwithstanding the above, we are eager to work with our new capital partner to take advantage of this industry downturn through what is expected to be a favorable and active acquisition market.” Nichol added, “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 dramatically improved during the same period. Additionally, the Canadian dollar has weakened versus the US dollar during this time 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.”

From the MD & A Report in the SEDAR Report The last sentence could be interesting. 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

check out SEDAR report on Edge web site' One of the reports is detailed and informative and not shown in the RNS.

Our posts must have crossed and both of us typing at the same time. We think alike and have been carrying out top ups. The situation has to change and I will be ready for it. :))