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Article: The Wiser Oil Company Announces Property Trade in Northern Alberta
- Article from:
- PR Newswire
- Article date:
- January 6, 1998
CopyrightCOPYRIGHT 1998 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, Jan. 6 /PRNewswire/ -- The Wiser Oil Company (NYSE: WZR) completed an asset exchange with Pembina Resources, by its manager, Talisman Energy Inc. The total value of the trade consisted of Wiser's $5.2 million (U.S.) interest in Grande Prairie Halfway "A" Pool Unit plus cash of $4.4 million (U.S.). In the exchange, Wiser traded its working interest in Grande Prairie for Pembina's working interest in the Evi Project. The effective date of the trade is December 1, 1997.
Wiser oil currently operated the Evi project and the Grande Prairie trade effectively doubles the Company's average working interest in the Evi filed to approximately 40%. The Evi ...