Edge Petroleum shareholders to decide merger with Chaparral Energy on Oct. 23

By Lisa Kerner

Charlotte, N.C., Sept. 5 - Edge Petroleum Corp. stockholders will be asked to approve the company's merger agreement with Chaparral Energy, Inc. at Edge's annual meeting on Oct. 23 at 2:30 p.m. ET in Houston.

In July Edge announced it agreed to be acquired by Chaparral in an all-stock transaction that will result in Chaparral becoming a publicly traded company.

Edge common stockholders will receive 0.2511 shares of Chaparral common stock for each share of Edge common stock they own.

Shareholders will also be asked at the annual meeting to elect three directors and to ratify the selection of BDO Seidman, LLP as Edge's independent registered public accounting firm for 2008, according to a form S-4 filed with the Securities and Exchange Commission.

Edge is a Houston-based oil and natural gas company.

Chaparral is an Oklahoma City-based oil and natural gas production and exploitation company.

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