Jed Oil Inc.

Jed Oil Inc., Didsbury, Alberta, (Amex: JDO) has retained CB Securities Inc. to sell certain assets in the Steen River area of northern Alberta. The properties produce approximately 1,400 barrels of oil equivalent per day (60 barrels of oil). AJM Petroleum Consultants has estimated 3.87 million barrels equivalent proved plus probable reserves representing a 7.6 year reserve life index. The bid due date is in mid-September. Contact Darryl Derouin, 403-781-7041.