Edge may sell or merge;holds 102 Bcfe onshore

摘要

Edge Petroleum Corp.,Houston,(Nasdaq:EPEX) plans to seek strategic alternatives that may include a sale or merger.At year-end 2006,total net proved reserves were 102.1 billion cu.ft.equivalent (86% gas) in South Texas (70%),Mississippi (14%),New Mexico (8%),and southern Louisiana,Michigan,Alabama and Arkansas (8%).Approximately 77% of total proved reserves were developed.2006 production was 17.3 billion cu.ft.equivalent.