Exhibit 12.1

EDGE PETROLEUM CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

|                                                                                 |                                      | For the Year Ended December 31, 2007      |             | For the Year ended December 31, 2007 |            
|-------------------------------------------------------------------------------- | ------------------------------------ | ----------------------------------------- | ----------- | ------------------------------------ | -----------
|
|RATIO OF EARNINGS TO FIXED CHARGES                                               |                                      |                                           | 0.68        |                                      |            
|
|EARNINGS AS DEFINED IN REGULATION S-K 229.305(d)(1)(C):                          |                                      |                                           |             |                                      |            
|+ Pre-tax income (loss) from continuing operations                               |                                      | $                                         | 10,304,793  |                                      | $          
|+ Fixed Charges                                                                  |                                      |                                           | 32,447,351  |                                      |            
|+ Amortization of capitalized interest                                           |                                      |                                           |            |                                      |            
|                                                                                 |                                      |                                           |             |                                      |            
|                                                                                 | Sub-total                            |                                           |             | 42,752,144                           |            
|- Interest capitalized                                                           |                                      |                                           | (7,882,521  | )                                    |            
|- Preference security dividend requirements                                      |                                      |                                           | (12,716,346 | )                                    |            
|                                                                                 |                                      |                                           |             |                                      |            
|                                                                                 | EARNINGS AVAILABLE FOR FIXED CHARGES |                                           | $           | 22,153,277                           |            
|                                                                                 |                                      |                                           |             |                                      |            
|FIXED CHARGES AS DEFINED IN REGULATION S-K 220.305(d)(1)(A):                     |                                      |                                           |             |                                      |            
|+ Interest expensed                                                              |                                      | $                                         | 10,588,577  |                                      | $          
|+ Interest capitalized                                                           |                                      |                                           | 7,882,521   |                                      |            
|+ Amortized premiums, discounts and capitalized expenses related to indebtedness |                                      |                                           | 977,356     |                                      |            
|+ an estimate of the interest within rental expense                              |                                      |                                           | 282,551     |                                      |            
|+ preference security dividend requirements (see note below)                     |                                      |                                           | 12,716,346  |                                      |            
|                                                                                 |                                      |                                           |             |                                      |            
|                                                                                 | TOTAL FIXED CHARGES                  |                                           | $           | 32,447,351                           |            
|                                                                                 |                                      |                                           |             |                                      |            
|                                                                                 |                                      |                                           | (10,294,074 | )                                    |            
|Calculation of Estimated Interest Within Rental Expense:                         |                                      |                                           |             |                                      |            
|                                                                                 | Rental expense                       |                                           |             | 941,835                              |            
|                                                                                 | Factor                               |                                           |             | 30                                   | %          
|                                                                                 |                                      |                                           |             |                                      |            
|                                                                                 |                                      | Interest on rental expense                |             |                                      | 282,551    
|                                                                                 |                                      |                                           |             |                                      |            
|Impairment                                                                       |                                      |                                           |             |                                      |            
|Unrealized Non-Cash Derivative Gains (Losses)                                    |                                      |                                           |             |                                      |            
|Calculation of Preference Security Dividend Requirement:                         |                                      |                                           |             |                                      |            
|                                                                                 | Shares Issued                        |                                           |             | 2,875,000                            |            
|                                                                                 | Price per Share                      |                                           | $           | 50.00                                |            
|                                                                                 |                                      | Value of Shares Issued                    |             | $                                    | 143,750,000
|                                                                                 | Dividend Rate                        |                                           |             | 5.75                                 | %          
|                                                                                 |                                      | Amount of Dividend Annual                 |             |                                      | 8,265,625  
|                                                                                 |                                      | Divide by 365 days                        |             |                                      | 365        
|                                                                                 |                                      | Times number of days in period            |             |                                      | 365        
|                                                                                 |                                      |                                           | 8,265,625   |                                      |            
|                                                                                 |                                      | Divided 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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EDGE PETROLEUM CORPORATION Exhibit 12.1
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

|                                                                                 |                                      | For the Years Ended December 31, |           
|-------------------------------------------------------------------------------- | ------------------------------------ | -------------------------------- | ----------
|
|
|RATIO OF EARNINGS TO FIXED CHARGES                                               |                                      |                                  | 3.92      
|EARNINGS AS DEFINED IN REGULATION S-K 229.305(d)(1)(C):                          |                                      |                                  |           
|+ Pre-tax income (loss) from continuing operations                               |                                      | $                                | 29,075,129
|+ Fixed Charges                                                                  |                                      |                                  | 8,146,129 
|+ Amortization of capitalized interest                                           |                                      |                                  |          
|                                                                                 |                                      |                                  |           
|                                                                                 | Sub-total                            |                                  |           
|- Interest capitalized                                                           |                                      |                                  | (5,260,949
|- Preference security dividend requirements                                      |                                      |                                  |          
|                                                                                 |                                      |                                  |           
|                                                                                 | EARNINGS AVAILABLE FOR FIXED CHARGES |                                  | $         
|                                                                                 |                                      |                                  |           
|FIXED CHARGES AS DEFINED IN REGULATION S-K 220.305(d)(1)(A):                     |                                      |                                  |           
|+ Interest expensed                                                              |                                      | $                                | 2,499,735 
|+ Interest capitalized                                                           |                                      |                                  | 5,260,949 
|+ Amortized premiums, discounts and capitalized expenses related to indebtedness |                                      |                                  | 165,211   
|+ an estimate of the interest within rental expense                              |                                      |                                  | 220,234   
|+ preference security dividend requirements (see note below)                     |                                      |                                  |          
|                                                                                 |                                      |                                  |           
|                                                                                 | TOTAL FIXED CHARGES                  |                                  | $         
|                                                                                 |                                      |                                  |           
|Calculation of Estimated Interest Within Rental Expense:                         |                                      |                                  |           
|                                                                                 | Rental expense                       |                                  |           
|                                                                                 | Factor                               |                                  |           
|                                                                                 |                                      |                                  |           
|                                                                                 |                                      | Interest on rental expense       |           
|                                                                                 |                                      |                                  |           
|Unrealized Non-Cash Derivative Gains (Losses)                                    |                                      |                                  | 5,031,425 

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