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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