OTCPK:EDEYF - Post by User
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brodanon Sep 12, 2011 9:56am
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Drlling is done NEWS
Drlling is done NEWS Edge Resources completes six wells in Willesden GreenTicker Symbol: C:EDEEdge Resources completes six wells in Willesden GreenEdge Resources Inc (C:EDE)Shares Issued 71,846,408Last Close 9/9/2011
.21Monday September 12 2011 - News ReleaseMr. Brad Nichol reportsEDGE COMPLETES DRILLING PROGRAM AND INITIATES STIMULATION PROGRAMEdge Resources Inc. has released the drilling rig this past weekend after completing a successful six-well drilling program. Additionally, a frac crew and equipment has been secured on a short-term window that will allow the Company to undertake a small hydraulic fracturing ("frac") stimulation program.The Company successfully drilled and cased six wells in the Willesden Green area of Alberta; thus completing the majority of the earning requirement to earn an additional six sections of land. Edge's engineers and geologists will analyze the logs from the wells to determine the best multi- zone intervals within each well to perforate, which fulfills the earning requirement.As is normal in the Edmonton Sands, each wellbore contains multiple channel sands, each of which contribute to production and recoverable reserves, when completed.Additionally, a crew and equipment was secured for a short window to start a small frac program.Edge combines coiled tubing with frac equipment to stimulate each specific zone, of the multiple zones that are identified and perforated, in a wellbore. This combination allows Edge to customize each individual frac for each individual zone in the wellbore.Brad Nichol, President and CEO of Edge commented, "The Ensign ADR (Automatic Drilling Rig) and crew performed very well for us once again and we managed to get through the entire drilling program with only a handful of days waiting on weather. We expect to continue to accumulate land with the drill bit, on exceptional terms, during this low-priced natural gas environment while we simultaneously persist with our acquisition efforts, which we expect to result in additions to the land and production base in the near future." Nichol added, "With the industry getting busier as we approach the winter season, I was pleased that we were able to utilize our industry connections to secure a frac crew and kick-off a stimulation program."We seek Safe Harbor.© 2011 Canjex Publishing Ltd.