Exhibit 12.1

EDGE PETROLEUM CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Years Ended December 31,For the Year Ended December 31, 2008

For the Year Ended December 31, 20072006

2005

2004

2003

2002Fixed Charges
and Preferred
Dividends

Fixed
Charges

Fixed Charges
and Preferred
Dividends

Fixed
ChargesFixed ChargesRATIO OF EARNINGS TO FIXED CHARGES


(11.62
)(a)

(20.77
)(b)

0.68
(c)

1.22
(d)

(7.36
)(e)

22.59


18.22


7.81


1.59EARNINGS AS DEFINED IN REGULATION S-K 229.305(d)(1)(C):+

Pre-tax income (loss) from continuing operations

$
(348,668,226
)
$
(348,668,226
)
$
10,304,793

$
10,304,793

$
(62,835,793
)
$
51,436,188

$
23,384,275

$
7,439,007

$
1,222,805+

Fixed Charges


28,849,791


16,133,445


32,447,351


17,618,167


8,146,129


2,292,708


1,317,478


1,056,118


1,021,182+

Amortization of capitalized interest


























Sub-total


(319,818,435
)

(332,534,781
)

42,752,144


27,922,960


(54,689,664
)

53,728,896


24,701,753


8,495,125


2,243,987-

Interest capitalized


(2,609,170
)

(2,609,170
)

(7,882,521
)

(5,769,683
)

(5,260,949
)

(1,943,335
)

(701,654
)

(244,503
)

(623,413
)-

Preference security dividend requirements


(12,716,346
)




(12,716,346
)
















EARNINGS AVAILABLE FOR FIXED CHARGES

$
(335,143,951
)
$
(335,143,951
)
$
22,153,277

$
22,153,277

$
(59,950,613
)
$
51,785,561

$
24,000,099

$
8,250,622

$
1,620,574FIXED CHARGES AS DEFINED IN REGULATION S-K 220.305(d)(1)(A):+

Interest expensed

$
11,787,391

$
11,787,391

$
10,588,577

$
10,588,577

$
2,499,735

$


$
331,399

$
678,805

$
143,280+

Interest capitalized


2,609,170


2,609,170


7,882,521


5,769,683


5,260,949


1,943,335


701,654


244,503


623,413+

Amortized premiums, discounts and capitalized expenses related to indebtedness


1,402,992


1,402,992


977,356


977,356


165,211


152,723


142,135





84,479+

an estimate of the interest within rental expense


333,892


333,892


282,551


282,551


220,234


196,650


142,290


132,810


170,010+

preference security dividend requirements (see note below)


12,716,346





12,716,346

















TOTAL FIXED CHARGES

$
28,849,791

$
16,133,445

$
32,447,351

$
17,618,167

$
8,146,129

$
2,292,708

$
1,317,478

$
1,056,118

$
1,021,182Calculation of Estimated Interest Within Rental Expense:Rental expense


1,112,974


1,112,974


941,835


941,835


734,114


655,500


474,300


442,700


566,700Factor


30%


30%


30%


30%


30%


30%


30%


30%


30%Interest on rental expense


333,892


333,892


282,551


282,551


220,234


196,650


142,290


132,810


170,010ImpairmentUnrealized Non-Cash Derivative Gains (Losses)Calculation of Preference Security Dividend Requirement:Shares Issued


2,875,000Price per Share

$
50.00Value of Shares Issued

$
143,750,000Dividend Rate


5.75%Amount of Dividend Annual


8,265,625Divide by 366 days


366Times number of days in period


3668,265,625Divided by 1 minus the effective tax rate


12,716,346


Note: Preference security dividend is defined as the amount of pre-tax earnings that is required to pay the dividends on outstanding
preference securities. The dividend requirement must be computed as the amount of the dividend divided by (1 minus the effective income tax rate applicable to continuing
operations).

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