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Article: Wiser Oil Signs Letter of Intent for Acquisition
- Article from:
- PR Newswire
- Article date:
- May 15, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, May 15 /PRNewswire/ -- The Wiser Oil Company (NYSE: WZR) announced today that it has entered into a letter of intent to acquire certain oil and gas producing assets and undeveloped leases in South Texas from a privately held firm for total consideration of $15.2 million. Closing is subject to due diligence and Board approval and is expected no later than June, 1997.
Organized in 1905, Wiser is an independent energy company engaged in the exploration, production and strategic acquisition of crude oil and natural gas reserves in the United States and Canada. Wiser's shares trade on the New York Stock Exchange under the symbol WZR.
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