Member Info for smidsy

The guy in the green cap and white robes, he's not stupid, he's wearing 'ear defenders', he's not going home with sore ears. lol :))

and the guy sitting on the right of red beret is sizing up if he should do it to the person in front of him lol

And the guy with the red beret is keeping stum, he's not giving his mate away.

From RNS As with all challenging markets, opportunities exist for nimble and aggressive companies that embrace these changes. Edge is one of those companies and we hope to provide updates on that front in the near future." 'we hope to provide updates on that front in the near future' Ha ha, It's like getting blood from a stone asking Brad to keep us updated, so I won't be holding my breath with that one.

A rather baffling report and sets of figures which only a qualified accountant could decipher and I am not a qualified accountant. Maybe we could get a reaction from someone who does understand. This RNS does not tell us as to Brad's future production programme although he does say that no new Wells have been drilled in the last twelve months and steps have been taken to reduce business costs. I would like to be told what Brad is planning for the foreseeable future even if it is to say that he intends to keep things running on a low key strategy. The company is pumping oil and at a greater volume than last year having let the chokes off a little and the extra daily profit of some $2800 due to better water disposal must be a blessing. So, come on Brad let's be having some information as to your future plans.

The guy with his finger in his ear is the Prime Ministers body guard and he is listening to a secret message on his hidden phone

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=EDG&ArticleCode=vwpl0751&ArticleHeadline=Full_Year_and_Q4_Results

New water disposal plant makes savings of $2800 per day. A potential annual saving of $1,022, 365. Brad Nichol, President and CEO of Edge, commented, "The management and board of Edge are very pleased with our year-end and Q1 accomplishments - especially in light of the oil and gas market dynamics at play in the past year. Most noteworthy to me is the water disposal facility in Eye Hill. While it was only operational for about 60 days of the 90-day quarter, we saw a major decrease in operating costs per barrel and a year-on-year quarterly operating cost savings of almost $170,000. Extrapolation of that $170,000 over 60 operational days would mean $2,800 of daily savings." Nichol added, "I am of course very pleased with the production profile that CHOPS production gives us. We didn't drill a well during the year but our average annual production actually increased. A small amount of this increase was from the additional gas our new Eye Hill facility was able to capture and sell, but we also saw some nice oil production increases during the year from CHOPS wells. As with all challenging markets, opportunities exist for nimble and aggressive companies that embrace these changes. Edge is one of those companies and we hope to provide updates on that front in the near future."

Take a look at the latest Sedar Reports.

Full years accounts

The regular monthly Notice 45 has appeared on the Sedar site.

LONDON (SHARECAST) - A judge in Argentina has ordered the seizure of the assets of five oil companies operating in the Falklands Islands, including those owned by Premier Oil, Falkland Oil and Gas and Rockhopper Exploration. The order, which was made by Tierra del Fuego judge Lilian Herraez, also named Noble Energy and Edison International Spa. The assets, which include boats and other equipment, are worth $156m. The order accuses the companies of "illegal activities of exploration, search and eventual extraction of hydrocarbons in proximity to the Falkland Islands", saying they did not obtain permits issued by "the competent authority in Argentina". A statement released by the prosecutor's office said: "The foreign ministry will be notified of the court order so that by diplomatic means and in compliance with international treaties it can be carried out." None of the five companies are based in Argentina, which has claimed sovereignty of the islands, calling them the Malvinas Islands

'Mother' please be more careful when you lock your son in his bedroom. Yesterday he managed to escape and he went into KOD's room and tried to upset the players there. That's twice now it's happened. Have you ordered the 'straight jacket' yet? We don't want him hurting himself now do we.?

Did he email his photo to you? lol

He certainly knows how to upset a board. He made seven posts on KOD yesterday all negative and he is not a shareholder there. I'm beginning to agree with 'mother' the man must have a screw loose. It's about time he was reported. Two weeks ago he posted on WSG saying that the SP would drop from 20p to 15p He made just the one post and has not been back on there. He will no doubt tell me to filter him. This is his stock answer.

It appears our resident numpty is annoying other boards. Check out KOD. posting from ZATCHA1980 @ 20.08pm yesterday. He just can't help himself. ha ha ha

Brad Nichol, President and CEO of Edge commented, "Despite the headwinds the industry is facing at the moment, our quarterly results were excellent. We generated significant cash from our operations and kept a very tight rein on costs and operational efficiencies. These downturns in our industry allow our team to demonstrate our specialty, which is running a tight, efficient business no matter how hard the wind is blowing in our faces. This quarter, the Company actually achieved production increases, without additional capital expenditure on drilling wells. Additionally, we are looking forward to reaping the savings from our new water disposal facility, which became fully operational in January." Nichol added, "With WTI prices hovering around US$50/bbl, we are unlikely to consume our existing inventory of drilling locations; however, we are keen to acquire production, reserves, land and additional drilling locations when the cost of those acquisitions are expected to be at their lowest in a generation. We expect the competition for assets to be less intense in the heavy and medium oil regimes, where operational expertise is a significant barrier to entry; thus, we intend to remain focused on our heavy and medium oil sandbox where we have already established a clear competitive operational advantage over other potential consolidators." It will be interesting to see how much 'production, reserves, land and additional drilling locations' have been acquired.

The Web site being brought up to date together with the Annual Report.? 'A more comprehensive update will be posted soon.' This has been on the web site since 2011 on the Eye Hill project. The Grand Forks project has the same information since 2011 but with no messages. The Edmonton Sands project again has no up to date information and has not been updated since 2011. Come on Brad get your act together and surprise us. Magnum, you and Brad are best of buddies, any chance of emailing him and asking him why there has been no up date of the Web site in years?

ITYS must think that this is another Quindell and he can short the shares for his own advantage.

A couple of weeks ago ITYS posted on WSG that the share price was going to drop to 15p from 20p. Since then the SP has risen by some 6p. He only posted the one message. At that time I asked him/her what the reasoning was behind the claim that the price on here was going down to 0.35p So far we have no answer. He/she continues to try to rubbish this share so that he can buy in at 0.35p I'm afraid that I can't understand anyone who for months has tried to rubbish the share with the sole intention of buying in when the price has dropped. Sad really.