2009-06-12-2009-02-01-2009-02-01

To acquire assets in Ferrier, Wizard Lake areas.

Jed Oil Inc., Didsbury, Alberta, (NYSE: JDO) has closed the sale of its Alberta and Wyoming oil and gas assets held by the company and its two subsidiaries, Jed Production Inc. and Jed Oil (USA) Inc., in two deals to undisclosed buyers for C$2.8 million in cash and C$1.25 million in stock in a deal valued at C$4.1 million. The Alberta assets are in the Ferrier and Wizard Lake areas and were acquired by a private Alberta-based E&P. The Wyoming assets are in the Pinedale area and were acquired by a U.S.-based limited partnership and operated by an Alberta-based subsidiary. The assets were noncore to Jed and part of the company's reorganization under creditor protection terms.