AED in talks to sell majority interest in assets

SYDNEY, March 3 (Reuters) - Australia's AED Oil Ltd (AED.AX: Quote, Profile, Research, Stock Buzz), a junior oil and gas producer, said on Monday it has begun negotiations with a major firm to sell a majority interest in AED's assets.

AED said in a statement that it would be able to clear its bank debt and repay creditors on completion of the negotiations.

(Reporting by Fayen Wong)