Jadela Oil Corp. filed its Annual on Apr 30, 2013 for the period ending Dec 31, 2012. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Jadela Oil Corp., Annual General Meeting, Jan 31, 2013., at 10:00 US Mountain Standard Time. Location: At the Cardium Room. Agenda: To consider the consolidated financial for fiscal 2011; to fix the number of directors at up to five members; to elect the directors for the ensuing year; to appoint the auditors of the Corporation; to pass an ordinary resolution in the accompanying Management Proxy Circular, ratifying, adopting and re-approving the stock option plan of the Corporation and authorizing the Corporation's board of directors; to consider and if deemed advisable, to pass an ordinary resolution, amending all existing warrant agreements; to pass an ordinary resolution, amending option agreements dated in 2010 and 2011, to re-price the exercise price at $0.30 per common share; to consider and, if deemed advisable, to ratify the amendments to the by-laws of the Corporation, the full text of which is set forth in the accompanying Management Information Circular; and to transact such other business as may properly come before the Meeting.

Jadela Oil Corp. announced that it has entered into a purchase sale and exploration agreement ("PSEA") with an international public oil and gas exploration and production company ("IEPC") to jointly develop, pursuant to the terms of a Joint Operating Agreement, Jadela's Eagle Ford shale mineral rights located in Maverick County, Texas. IEPC has agreed to acquire an undivided 57.5% interest in 20,985 gross acres (15,209 net acres) of leased mineral rights and optioned mineral rights ("Option Assets"), with a further right to increase its interest to an undivided 75% interest. IEPC will also acquire an undivided 15% interest in the 660 net acres and related assets ("660 Acre Assets") that was earned or acquired by Jadela upon drilling the El Indio #1H well. The salient details of the transaction are as follows: Jadela's wholly owned subsidiary, Jadela Oil (US) Operating LLC ("Jadela USA"), will sell a 35% co-ownership interest in the Option Assets for $1,000,000 which amount will be placed in trust pending satisfaction of conditions. From the sale proceeds the sum of $900,000 would be used to pay consideration to acquire certain options. Jadela USA has granted IEPC an option until October 15, 2012 to acquire an additional 17.5% co-ownership interest in the Option Assets for $500,000. IEPC has entered into an agreement to purchase an undivided 22.5% co-ownership interest in the Option Assets plus a 15% co-ownership interest in the 660 Acre Assets from a company related to Jadela. After the transactions close, and if IEPC does not exercise its option to acquire an additional 17.5% interest in the Option Assets, Jadela USA will retain a 42.5% co-ownership interest in the Option Assets and a 65% co-ownership interest in the 660 Acre Assets. IEPC will be the operator of the Option Assets and Jadela USA will remain the operator of the 660 Acre Assets.