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Edge Petroleum Plan Effective

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Edge Petroleum’s First Amended Joint Plan of Reorganization (Modified) is now effective, and the Company has emerged from Chapter 11 protection. As a result, all of the Company’s outstanding common stock and outstanding 5 3/4% Series A Cumulative Convertible Perpetual Preferred Stock have been cancelled. The Company also closed the previously-announced transaction pursuant to which Mariner Energy had agreed to purchase substantially all of the Company’s assets.

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