S&P: Wiser ratings unaffected by agreement

Standard & Poor's said Thursday that Wiser Oil Corp.'s (B/negative/--) ratings would be unaffected by the announced long-term agreement to explore and develop roughly 141,000 acres in western Calcasieu and Beauregard Parishes, La.

S&P said that as operator of the properties, Wiser will gain more control over the timing and extent of its capital expenses, which have been heavily influenced by its joint venture partners. The acquisition should be funded from cash on hand and borrowings from Wiser's revolving credit facility.

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