Edge Resources Inc. is pleased to provide a production update on the first well of the Company's spring drilling program in Asset East.

As previously reported this vertical well in Asset East was producing over 60 barrels of oil per day (bopd) with production fundamentals indicating further production increases were possible.

Production from this well has now increased to over 90 bopd and it is providing further indications that additional production increases are possible.

The well encountered eight meters of net pay and is being conservatively production tested using a progressive cavity pump to assist with the production of formation sand alongside the oil. Despite some erratic production that is typical and expected of CHOPS wells, the well achieved an average rate of over 50 bopd during the first month of production testing.

Tags: Edge Resources