CALGARY, ALBERTA, Sep. 17, 2009 (Marketwire) --
CALGARY, ALBERTA -- (Marketwire) -- 09/17/09 -- Edge Resources Inc. (TSX VENTURE: EDE)(PINK SHEETS: EDGXF) ("Edge Resources" or the "Company") is pleased to announce the appointment of Brad Nichol to the board of directors of the Company.
Mr. Nichol's executive career encompasses significant oil and gas experience in private and public start-ups, takeovers and turnarounds. In these roles, Mr. Nichol has advised the Chief Executive Officers and Chief Financial Officers of Fortune 500 corporations on business and corporate strategies, mergers and acquisitions, and corporate reorganizations, all with a rigorous focus on maximizing shareholder value.
Mr. Nichol joined Schlumberger in 1992 and consequently worked in various technical, marketing and sales roles across North America, South America and Europe. The majority of his efforts focused on reservoir evaluation and enhancement strategies. From 1996 until 1999 Mr. Nichol managed operations and executed projects in Canada and South America, including responsibility for reservoir stimulation and wellbore construction services for BP in Colombia. In 1999, Mr. Nichol moved to the United Kingdom and joined a business unit in the measurement and systems division of Schlumberger. In this role, Mr. Nichol was on the team responsible for the corporate turnaround and eventual sale of that U.K. business. He returned briefly to the United States in 2001 as a technical manager for the eastern U.S. on-shore segment prior to leaving the company in mid-2001.
Following his departure from Schlumberger, Mr. Nichol pursued his MBA at the London Business School in the U.K. where he graduated in 2003 in the top 10 per cent of his class. Mr. Nichol also holds a B.Sc. in Mechanical Engineering from the University of Alberta has been a registered Professional Engineer since 1994. He will remain the President and Chief Executive Officer of Edge Resources Inc.
Darcy Spady, Chairman of the Board commented, "I am pleased to welcome Mr. Nichol to the Board of Edge Resources. I have had various business relationships with Brad for better than a decade, and have rarely met an individual with such energy, foresight and enthusiasm. He understands the full spectrum of our industry from the boardroom to the rig floor, and can easily interact with people and understand key issues. I am sure I speak for the other board members when I say that it is our pleasure to welcome him to the board of Edge Resources."
About the Company:
Edge Resources is focused on the development of natural gas from the Edmonton Sands group of formations, a conventional, shallow gas group of reservoirs located in Central Alberta, Canada.
