By OGJ editors
HOUSTON, Mar. 13 -- JED Oil Inc., Calgary, has signed a letter of intent to acquire JMG Exploration Inc., an affiliate incorporated in Nevada, with stock.
A wholly owned US subsidiary of JED will merge JMG, which was formed in late 2004 and taken public last year.
JED has concentrated on development drilling and JMG on exploration in western Canada and the US, both working closely with Enterra Energy Trust, an oil and gas income trust set up in 2003.