Canada

July 16, 2002
Wiser Oil Co., Dallas, said its Canadian operating base is expanding with drill bit success in Alberta.

By OGJ editors

HOUSTON, July 16 -- Wiser Oil Co., Dallas, said its Canadian operating base is expanding with drill bit success in Alberta.

Wiser completed and tested two drilled wells, the 12-21 and 8-29, and recompleted the 2-32 well. All these wells are in township 57-24W5 in the Wild River prospect area.

The most recent two wells were drilled to 9,800 ft, and all three wells encountered one or more natural gas pay zones. The gross combined test rate of these wells was 15 MMcfd. Wiser operates the Wild River prospect area and owns 50% interest.

Currently, pipelines and a new compression facility are being installed to accommodate production from the wells at these tested rates. First production is anticipated in August.