Extended: Jed Oil increases its bankruptcy protection
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Jed Oil extends bankruptcy cover
Canada’s Jed Oil has received a 90-day extension to its creditor protection under the Canadian Creditor’s Arrangement Act.
The Court of Queen’s Bench of Alberta extended the protection, which was initially granted on 13 August, to 15 December.
The court also granted Jed’s application for an order regarding the creditors’ claims process.
A claims package is to be sent to all of Jed’s known creditors by 30 September and creditors have until 31 October to file any claims.