Summary of EDGE PETROLEUM CORP

Change in Directors or Principal Officers, Other Events, Financial Statements

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Edge Petroleum Corporation (the "Company") has recently determined that Kirsten
A. Hink, the Company's Chief Accounting Officer and Controller, qualifies for the severance agreement applicable to the executive officers of the Company and on April 9, 2009 the Company entered into a Fourth Amended and Restated Severance Agreement with Ms. Hink, which is identical in all respects to the severance agreements applicable to the other executive officers with the exception that Ms. Hink's severance amount will be an amount equal to 1.50 times her compensation.

The foregoing description of the Fourth Amended and Restated Severance Agreement entered into among the Company and Ms. Hink is qualified in its entirety by reference to the Fourth Amended and Restated Severance Agreement, which is filed as an exhibit to this Form 8-K and is incorporated herein by reference.

On April 6, 2009, the Compensation Committee of the Company's Board of Directors approved an increase in Ms. Hink's cash retention bonus amount from $40,000 to $60,000. Ms. Hink's cash retention bonus remains payable upon the earlier of
(i) December 31, 2009 or (ii) the consummation of a merger or sale of the Company.

Item 8.01. Other Events

The Company has determined that it will not declare any dividend on the Company's 5.75% Series A cumulative convertible perpetual preferred stock that otherwise would have been payable on April 15, 2009.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.                                Description

10.1          Fourth Amended and Restated Severance Agreement among Edge Petroleum
              Corporation and Kirsten A. Hink.