Member Info for smidsy

If Brad is making acquisitions ie buying land, then my guess is this is the reason for the delay. You don't buy land overnight it probably takes a few weeks to complete the purchases. Our focus now is on implementation of our capital programme, which we expect will be conservative and balanced between acquisitions and drilling on our existing property.

Capital programme in the near future. Can't be long now before RNS giving details. Brad Nichol, President and CEO of Edge commented, “We are very pleased to have generated another record-breaking quarter. More revenue, more profit, more reserves and more cash – it couldn’t have been better. Our focus now is on implementation of our capital programme, which we expect will be conservative and balanced between acquisitions and drilling on our existing property.” Nichol added, “These quarterly results demonstrate that we have set ourselves a very high bar in terms of cash generation, capital payback and return on capital; thus, any new projects we undertake must meet those very high hurdles in order to make our short-list. It’s a fantastic problem to have and we look forward to implementing a capital programme in the near future.”

You took the words right out of my mouth. Should have a RNS this week. :)

With regard to Brads ability I suggest you take a close look at his CV and check out his history and the BOD's history. Brad has been a very successful Manager over the years and you may change your mind as to his capabilities once you check him out.

we definitely plan to drill this year. Brads reply is the answer we want.................we definitely plan to drill this year. The drill will be into known reserves. It won't be a duster. Brad knows where the oil is.

We know that Brad is not the greatest in the World when it comes to issuing a RNS, however the last couple of RNS's have been superb. My guess is that with the extra finance facility, proven oil reserves, etc, etc, etc. he wants to make sure that the next steps he takes will be the right ones. He cannot afford any cock ups. We know we will get an update shortly it's a matter of holding on.

No email received yet :(

Sedar Report dated 8th. Sept. Henderson Global Investments Notice to sell.

If Brad has got someone interested in buying out Edge it will have to be at a very good rate. His own friends, staff and engineers bought shares at circa £0.18p nearly two years ago and Brad will want them to have a hansome return.

Sanlam didn't reply to my email. I wonder why?

Buyers are coming back.

Not seen the Sanlam report yet and no email received. Have to go out for a while now but will check on my return.

Our proven reserves alone shove the SP back into the 20p's

AND a Buy

SP Angel today gives 19p

Yesterday Sanlam did what the MM's couldn't do, they caused a big tree shake. No reply yet to my email but I will keep watching.

You will be the first to know. The Broker 'Moyes' made a mess with their figure over on MAGP. We don't want a similar scene here.

Email gone off to Sanlam asking for an explanation as to why they came up with a figure of 12.5p If I get an answer I will let you know.

Sanlam Sec. should be contacted and asked to explain how they came up with this stupid figure.

Do the MM's realise that to carry out a tree shake is a waste of time. They are keeping the SP up despite a few sales. When will they let this go and find it's own level? They can't hold it down forever.