Termination Agreement for Technical Services Agreement between JMG Exploration, Inc. and JED Oil Inc.

Summary

JMG Exploration, Inc. and JED Oil Inc. have agreed to terminate their Technical Services Agreement, originally effective January 1, 2004. This termination takes effect as of January 1, 2006. Both parties acknowledge receipt of consideration and agree that the termination is binding on them and their successors or permitted assigns.

EX-10.15 2 o30978exv10w15.htm EXHIBIT 10.15 Exhibit 10.15

Exhibit 10.15

TERMINATION AGREEMENT

(Technical Services Agreement)

THIS AGREEMENT made effective as of the 1^stday of January, 2006

AMONG:


		JMG EXPLORATION, INC., a corporation having an office in Calgary, Alberta (“JMG”)

OF THE FIRST PART

- and -


		JED OIL INC., a corporation having an office in Calgary, Alberta (“JED”)

OF THE SECOND PART

WHEREAS:

A.		The parties are the parties to the Technical Services Agreement dated effective January 1, 2004 between JMG and JED; and

B.		the parties desire to enter into this Termination Agreement to provide for the termination of such agreement;

NOW THEREFORE for consideration of $10.00 paid by each party to each other party and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

Termination of Agreement

JMG and JED hereby agree that the Technical Services Agreement dated effective January 1, 2004 be terminated effective January 1, 2006.

Enurement

This Agreement shall enure to the benefit of and be binding upon the parties hereto, their respective successors at law and permitted assigns.

IN WITNESS WHEREOF the parties have executed and delivered this Agreement effective as of the date first written above.


	JMG EXPLORATION, INC.		JED OIL INC.

Per:	/s/ Herman S. Hartley	Per:	/s/ Thomas J. Jacobsen
	Herman S. Hartley, President/CEO		Thomas J. Jacobsen, CEO

Per:	/s/ Joanne R. Finnerty	Per:	/s/ Bruce A. Stewart
	Joanne R. Finnerty, CFO		Bruce A. Stewart, Secretary/CFO