Jed files fourth extension
Canadian player Jed Oil has filed a fourth default status report under Canadian National Policy 12-203, pursuant to which the company announced that its financial statements for the third quarter ended 30 September would not be filed by 14 November.
The company’s deadline for filing its third quarter financial statements is the new CCAA Stay Period, which has been extended to 17 February as previously announced.
Jed reports that since announcing the original notice of default on 5 November and filing its first, second and third default status reports on 19 November and 3 and 17 December 2008, respectively, there have not been any additional material changes to the information given nor has there been any failure by Jed to fulfill its intentions as stated therein, and there are no additional defaults or anticipated defaults subsequent to such announcement.
The company intends to file its next default status report on Wednesday, 13 January.