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JED Oil Inc. Completes the Sale of Non-Core Properties in East Ferrier.


CALGARY, Alberta -- JED JED Journal of Electronic Defense
JED Jeddah, Saudi Arabia - Jeddah International (Airport Code)
JED Juntas Electorales Departamentales (Guatemala)
JED Japan Engineer District
JED Joint Exercise Division
 Oil Inc. (AMEX AMEX

See: American Stock Exchange
: JDO) ("JED") today announced that it has completed the sale of its working interests in the East Ferrier area of Alberta for CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network.  $27,500,000. As previously announced, JED viewed East Ferrier as a non-core asset due to its limited drilling upside. The East Ferrier working interests that were sold by JED, produced approximately 480 boe/d and were obtained through a larger property swap and debt repayment with Enterra Energy Trust (NYSE NYSE

See: New York Stock Exchange
: ENT ENT ears, nose, and throat (otorhinolaryngology).

ENT
abbr.
ear, nose, and throat



ENT

ear, nose and throat.

ENT Ears, nose & throat; formally, otorhinolaryngology
) in September 2006.

Boe's, or barrels of oil equivalent, may be misleading if used in isolation. A boe conversion ratio of 6 mcf to 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

About JED Oil Inc.

Established in September 2003, JED Oil Inc. is an oil and natural gas company that commenced operations in the second quarter of 2004 and develops and operates oil and natural gas properties principally in western Canada and the United States.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Nov 16, 2006
Words:175
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