Tuesday, December 10th, 2013 and is filed under Management Updates
FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today that its Board of Directors has appointed Philip H. Roberson to serve as President.
FieldPoint’s Executive Chairman, Roger Bryant, stated, “Phil’s relationship with FPP goes back several years, and we were very fortunate to have him join the company earlier this year, following the loss of our founder, Ray Reaves. Phil took over the day to day operations of the company at that time, and has worked tirelessly to see that we meet all of our operational objectives. I believe the results of these efforts will be evident at year end. In addition to these operational duties, Phil led the way to our recently announced agreement with Riley Exploration Group that will involve the re-development of an approximate 8,000 acre AMI (Area of Mutual Interest) in the Taylor Serbin Field located in south Texas. This will be the largest project that the company has ever undertaken. I am very confident that the Board of Directors has made the right decision with this appointment. Phil will be a key player in achieving our ongoing objective of building shareholder value.” Read More
Wednesday, November 13th, 2013 and is filed under Management Updates
FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today announced the hiring of Stephens Inc. as a financial advisor. Stephens will provide general and strategic advice to FieldPoint and will help the Company evaluate its strategic alternatives for enhancing shareholder value. Roger Bryant, Executive Chairman for FieldPoint, stated “Stephens is a well established and highly respected 80 year old firm, and I believe they will contribute significantly to our efforts to grow FieldPoint and build greater shareholder value. We are very proud to be able to announce this association.” Read More
Thursday, June 20th, 2013 and is filed under Management Updates
FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today that its Board of Directors has appointed Philip H. Roberson to serve as COO/CFO. FieldPoint’s Executive Chairman, Roger D. Bryant, stated, “For some time, Phil has been collaborating with our founder, Ray Reaves, regarding various drilling projects and field operations. Consequently, he is in an excellent position to see that none of our initiatives lose momentum. Additionally, because of his securities background combined with being a licensed CPA, he is able to take on the added duties of CFO. This should ensure the continued timeliness of our financial reporting and SEC filings. Phil is a great addition and we are very pleased to have him join the team.”
Mr. Roberson added, “I had a great relationship with Ray, and great respect for the company he built. I sincerely appreciate the opportunity to contribute to its future growth.” Read More
Monday, June 10th, 2013 and is filed under Management Updates
FieldPoint Petroleum Corporation (NYSE/MKT:FPP) The Board of Directors sadly announced today the untimely passing of its Founder, President, and CEO, Mr. Ray D. Reaves, who died in an automobile accident in Bastrop County, Texas.
In an emergency meeting of the board called on June 8, action was taken to put in motion a succession plan that was developed several years ago to be used in the event of such an occurrence. As part of the plan, the board elected Mr. Roger D. Bryant to serve as its Chairman, fully authorized with the executive powers necessary to conduct all aspects of the business. Further, the board initiated action to begin the search for a new CEO.
Mr. Bryant stated, “This is a great loss to FieldPoint, and a greater personal loss to every member of our board. Mr. Reaves was widely respected within the industry, and had many friends who will share our loss. Our heartfelt condolences go out to his family.” Read More