Industry News - Mergers & Acquisitions - JED Oil closes asset swap with Enterra Energy Trust JED Oil closes asset swap with Enterra Energy Trust by: OilOnline Friday, September 29, 2006
JED Oil Inc. has reported that its property swap with Enterra Energy Trust has been consummated. As per the terms of the swap, JED acquired 100% of Enterra’s working interest in the North Ferrier area and approximately 57.5% of Enterra’s interest in the East Ferrier area. In addition, the existing farmouts, joint services and business principles agreements between JED, JMG Exploration, Inc. and Enterra have been terminated.
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