Member Info for smidsy

Why drill more Wells and sell at the current low prices when the existing Wells can be upgraded to produce more. $1.1 million was banked in October with the existing facilities. We anticipate that this new facility will enable us to increase production from existing wells whilst at the same time reduce production costs for existing and up coming wells.

Finally, we are planning to construct a water disposal facility in Eye Hill East, which will provide a level of water handling capacity, capability and cost control that is necessary when considering a large-scale, long-term drilling programme, which is an important step in the bigger blueprint for Eye Hill East. We anticipate that this new facility will enable us to increase production from existing wells whilst at the same time reduce production costs for existing and upcoming wells. Our bank has agreed to fund this facility, which nicely complements our confidence in the long-term strategy and while oil prices are unstable, bringing down operating costs is what I believe all oil companies should be focused on."

Highlights for the three and six month periods, ending September 30, 2014: · Oil and Natural Gas Sales for H1 2015 amounted to $5,831,131 versus $4,887,341 for the same period last year (19% increase). · Cash generated from operating activities continued its trend and increased to $1,241,000 in H1 2015 from $850,000 one year ago (46% increase). It increased to $99,000 for Q2 2015, compared to a loss of $185,000 for the same quarter one year ago. · Net income of $170,000 in H1 2015 versus a net loss of $246,000 for the same period last year. · Half yearly Operating Costs for oil decreased to $18.52/bbl from $20.42/bbl and oil Netbacks increased to $45.37/bbl from $44.42/bbl. Oil-based half year Netbacks increased to $2,547,000 compared to $2,065,000 one year earlier (23% increase). · Continued focus on controlling costs resulted in a 5% and 9% decrease in G&A Costs for the quarter and half year periods, respectively.

Additionally, having just generated sales of $1.1 million from October production when the average WTI oil price was $84/bbl, we have nothing but confidence in the path forward.

Anyone thinking of buying these shares get in now while they are so cheap. They have started to tick up already.

Looks like someone has just helped themselves to 100 thousand. Robsky, you could be right. RNS tomorrow.???????

Think of a number between 1 and 20, double it, add 5, add the date of the month, take away the price of a mars bar, add the square root of your first number then when you give your answer to a MM he will use it to give you the current price of the SP 6.9125p just paid. You couldn't make it up. Four decimal places of a penny. I'm going back to watch the grass grow. LOL

The past week has been taken over by Repsol and EDGE. We have seen several amounts of 250k @ 6.5p posted after close of trade. Can someone who has experience in these matters give an opinion as to what the SP will be if and when Edge is sold.

Your share is worth 43p Don't sell out cheaply. This is what Brad has as a great bargaining tool for would be buyers. Year End Reserves The value of Edge's Proved + Probable ("P+P") reserves increased by 44% to CDN$129.0 million as at March 31 2014 (approximately 43p/share or CDN$0.79/share) from CDN$89.4 million, one year earlier. The majority of growth came in the form of Proved reserve value (72% year-­on-­year growth) versus Probable reserve value (22% year-­on-­year growth).

Iv'e just had a call from the P.A. to the CEO at Repsol. She wanted to know how much I would sell my shares for. So I told her 43p and she replied " that sounds a good price to me, the boss is considering that amount to offer Brad" (That's 43p each and not for the lot.) She promised to ring back. LOL

just paid,

Ask now 8.0p up from 7.5p The pressure is on.

Now two buys @ 7.7p 64,811 and 6,000 SP creeping up nicely

Last two trades on ISDX. 103,426 @ 7.24p.......................................74,827 @ 7.24p

We are on the 'top risers' board for AIM shares.

Looks like we are in for an interesting day.

If Repsol or another Company decided to buy out Edge am I right in thinking that any announcement would state that the new share price would be from a date preceding the announcement by several days. This would be to stop the last minute investors buying into low priced stock. If I can persuade Mrs. Smidsy to buy more then I'm definitely going to top up.( Isn't avarice a sin?) We are getting closer and closer to a RNS

This is what Brad has as a great bargaining tool for would be buyers. Year End Reserves The value of Edge's Proved + Probable ("P+P") reserves increased by 44% to CDN$129.0 million as at March 31 2014 (approximately 43p/share or CDN$0.79/share) from CDN$89.4 million, one year earlier. The majority of growth came in the form of Proved reserve value (72% year-­on-­year growth) versus Probable reserve value (22% year-­on-­year growth).

No trades since 10.0am and no trades since 09.19am on ISDX ( 7 all buys)

Don't forget only a small number of shares available. Those taking advantage of the price at the moment, well done. With a RNS expected any day with good news will have a tremendous result on the SP. Here is another thought, Brad has not told us of any drilling taking place in the past several months which would mean to me that the company is not spending much money other than on overheads. He told us earlier this year that he was putting in excess of CD$ 1 million per month into the bank. By now I would have thought that the bank balance was looking a lot healthier than a few months ago. This to me would be a strong bargaining tool to take to any potential talks with a buyer. ( ie Repsol). Add this to all of our other assets and bingo.