Edge Resources : Announces Half Year Results (AIM)

Edge Resources Inc. ("Edge" or the "Company") is pleased to report its operating and financial results, for the second quarter and half year ended September 30, 2014 ("Q2 2015" and "H1 2015").

Detailed operating and financial results are presented in Edge's unaudited financial statements and related Management Discussion & Analysis ("MD&A"), which can be accessed on the Company's website (www.edgeres.com) and on SEDAR (www.sedar.com). The unaudited results for the three and six month periods ended September 30, 2014 are highlighted and summarised below.

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. 

Brad Nichol, President & CEO of Edge, commented, "We are very pleased with our half-yearly results, as we held our own despite a falling oil price - which started the quarter at $105/bbl and ended the quarter at $91/bbl - and a temporary production issue that occurred and was resolved during the second quarter.  Even with these challenges, we exited the first half of our financial year with a Netback above $40/bbl and with more cash and a higher production rate than when we started the quarter.  This success was aided by a much-improved heavy oil discount to WTI and a weaker Canadian dollar, both of which appear to be holding steady into the future."  Nichol added, "In hindsight, we made excellent capital choices, having chosen to conserve cash in the midst of deteriorating oil prices and take a 'wait and see' approach to our capital plans.  While this tact did not provide a multitude of drilling activity and announcements, we are still very excited about the significant number of wells we can, and will, drill in Eye Hill.  This view has been reassured by the robust production from the wells we drilled last year and that are still producing at roughly the same - or better - levels than almost one year ago.  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.  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."

To view the Company's full financial statements and MD&A, please go to the Company website www.edgeres.com or to www.sedar.com.

For more information, visit the company website: www.edgeres.com or contact:

Brad Nichol, President and CEO                                     Phone: [phone]

Sanlam Securities UK Limited                                         Phone: [phone]

Simon Clements / James Thomas / Max Bascombe

SP Angel Corporate Finance LLP                                   Phone: [phone]

John MacKay / Richard Hail / Stuart Gledhill / Zac Phillips (Research)

About Edge Resources Inc.

Edge Resources is focused on developing a balanced portfolio of oil and natural gas assets from properties in Alberta and Saskatchewan, Canada. Management has consistently focused on:

1.                  Shallow, vertical, conventional programs with reduced capital, operational and geological risks

2.                  Very high or 100% working interests and fully operated assets

3.                  Pools and horizons with exceptionally high reserves in place

The management team's very high drilling success rate is based on the safe, efficient deployment of capital and a proven ability to efficiently execute in shallow formations, which gives Edge Resources a sustainable, low-cost, competitive advantage.

Competent Person's Statement

The preparation of the technical information contained herein was supervised by Brad Nichol, President and CEO of Edge Resources, who is recognized as a Qualified Person for the purposes of National Instrument 51­101, and who has reviewed and approved the findings in this press release