Jed Oil Inc.

Jed Oil Inc. has retained CB Securities Inc. to sell its Northern Project Area in northwestern Alberta. The package involves 269 sections of contiguous land in four areas, Steen River, Lessard, Bistcho and Larne, with multiple zone development from Keg River, Slave Point and Sulphur Point trends. Net production is approximately 1,425 barrels of oil per day, consisting of 950 barrels light oil, 2.8 million cubic feet of gas and 17 barrels of liquids. An additional 1 million cubic feet per day of net sales gas is currently shut-in. Upside includes 21 low-risk development locations and numerous workovers, recompletions and tie-ins identified. The bid due date is Sept. 24. The effective date is Sept. 1. Contact Darryl Derouin, 403-781-7041.