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Last C$0.10 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 3:44 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

edge resources inc (EDE) Snapshot

Open
C$0.10
Previous Close
C$0.10
Day High
C$0.10
Day Low
C$0.10
52 Week High
06/9/14 - C$0.28
52 Week Low
01/16/15 - C$0.05
Market Cap
16.4M
Average Volume 10 Days
52.0K
EPS TTM
C$-0.03
Shares Outstanding
163.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EDGE RESOURCES INC (EDE)

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edge resources inc (EDE) Details

Edge Resources Inc. engages in the acquisition, exploration, development, and production of oil and natural gas properties in Alberta and Saskatchewan, Canada. The company has interests in the Eye Hill, Grand Forks, and Edmonton Sands projects. Edge Resources Inc. was incorporated in 1968 and is headquartered in Calgary, Canada.

Founded in 1968

edge resources inc (EDE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$185.0K
Chief Financial Officer
Total Annual Compensation: C$144.0K
Vice President of Operations and Member of Te...
Total Annual Compensation: C$170.0K
Compensation as of Fiscal Year 2014.

edge resources inc (EDE) Key Developments

Edge Resources Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Edge Resources Inc. reported unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported, revenue, net of royalties of CAD 2,087,819 against CAD 1,617,474 a year ago. Loss before income taxes was CAD 4,115,266 against CAD 949,068 a year ago. Loss and comprehensive loss was CAD 4,115,266 or CAD 0.03 per basic and diluted share against CAD 832,991 or CAD 0.01 per basic and diluted share a year ago. Net cash generated from operating activities was CAD 564,085 against CAD 51,269 a year ago. Property, plant and equipment expenditures were CAD 1,566,146 against CAD 2,949,281 a year ago. For the nine months, the company reported, revenue, net of royalties of CAD 7,528,458 against CAD 5,748,333 a year ago. Loss before income taxes was CAD 3,944,777 against CAD 1,194,736 a year ago. Loss and comprehensive loss was CAD 3,944,777 or CAD 0.02 per basic and diluted share against CAD 1,078,659 or CAD 0.01 per basic and diluted share a year ago. Net cash generated from operating activities was CAD 1,805,484 against CAD 900,967 a year ago. Property, plant and equipment expenditures were CAD 2,119,824 against CAD 3,504,714 a year ago.

Edge Resources Inc. Announces Completion of New Facility

Edge Resources Inc. announced that it has completed its 100% owned and operated water and natural gas handling facility and 6,000 meters of natural gas and water pipelines in Eye Hill East. In Eye Hill, the Company has drilled a water disposal well and constructed a 6,000 meter network of natural gas and water gathering pipelines, which transport produced water to a central water disposal facility and natural gas to a sales meter. The Facility will allow the Company to (i) drastically reduce the cost of trucking and disposing of produced water, (ii) produce, capture and sell associated natural gas from the existing and future Eye Hill wells and (iii) fully optimize the producing wells, which have been producing at reduced rates since they were drilled. The completion of the Facility is expected to add at least $1.1 million in cash flow in the first year, which is expected to increase in the future with additional drilling. The Facility is expected to improve near-term cash flow and significantly improve the economics of future drilling programs in Eye Hill.

Edge Resources Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Edge Resources Inc. announced unaudited earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported revenue, net of royalties of CAD 1,967,391 compared to CAD 2,106,156 a year ago. Loss and comprehensive loss for the period was CAD 117,942 compared to CAD 214,990 a year ago. Net cash generated from operating activities was CAD 99,251 compared to net cash used in operating activities of CAD 184,697 a year ago. Property, plant and equipment expenditures were CAD 190,507 compared to CAD 126,381 a year ago. For the six months, the company reported revenue, net of royalties of CAD 4,771,816 compared to CAD 4,069,921 a year ago. Income and comprehensive income for the period was CAD 170,489 compared to loss and comprehensive loss for the period of CAD 245,668 a year ago. Net cash generated from operating activities was CAD 1,241,399 compared to CAD 849,698 a year ago. Property, plant and equipment expenditures were CAD 553,678 compared to CAD 555,433 a year ago.

 

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