Edge Resources Inc. has completed shooting and processing a 3D seismic programme in Primate, Saskatchewan one month ahead of schedule. The Company's initial analysis of the seismic, which incorporated the recently discovered oil pool in what the Company calls Asset East, is that two additional new oil pools and several potential drilling locations have been identified.

Resulting from the discovery well drilled in Asset East earlier this year, the Company shot and evaluated 9.6 square kilometers (3.6 square miles) of 3D seismic (see announcement October 17, 2012), with the expectation of characterizing the newly discovered oil pool and identifying up to six additional potential drilling locations.

The Company's geological and geophysical team has identified more than 20 potential drilling locations within the three pools, based on 40 acre spacing. With additional spacing applications the potential drilling locations could increase fourfold.

Tags: Edge Resources