Edge Petroleum Announces Preferred Dividend
28 Março 2007 - 4:53PM
PR Newswire (US)
HOUSTON, March 28 /PRNewswire-FirstCall/ -- Edge Petroleum
Corporation (NASDAQ:EPEX) announced the declaration of a dividend
on its 5.75% Series A Cumulative Convertible Perpetual Preferred
Stock ("Preferred Stock"). The Board of Directors declared a cash
dividend of $0.59896 per share, or $1,722,010.00, on the
outstanding Preferred Stock, payable April 15, 2007, to
stockholders of record at the close of business on April 1, 2007.
The first dividend for the Company's Preferred Stock represents the
partial period from the original issuance date through April 15,
2007. Edge Petroleum Corporation is a Houston-based independent
energy company that focuses its exploration, production and
marketing activities in selected onshore basins of the United
States. Edge common stock and preferred stock are listed on the
NASDAQ Global Select Market under the symbols "EPEX" and "EPEXP,"
respectively. Statements regarding production volumes, drilling
activity, price weakness, hedging levels, increased production,
future and continuing growth, cash flow, funding of capital needs,
production rates, future oil and gas prices, debt levels,
production and earnings, and other statements that are not
historical facts contain predictions, estimates and other
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Although the Company believes that its expectations
are based on reasonable assumptions, it can give no assurance that
its goals will be achieved. Important factors that could cause
actual results to differ materially from those included in the
forward-looking statements include the timing and extent of changes
in commodity prices for oil and gas, the need to develop and
replace reserves, environmental risks, drilling and operating
risks, risks related to exploration and development, uncertainties
about the estimates of reserves, competition, increased costs and
delays attributable to oilfield services and equipment, government
regulation, effects and risks of acquisitions, and the ability of
the company to meet its stated business goals. DATASOURCE: Edge
Petroleum Corporation CONTACT: Michael G. Long, Chief Financial
Officer of Edge Petroleum Corporation, +1-713-654-8960 Web site:
http://www.edgepet.com/
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