Lusk Field, Lea County, New Mexico is a producing oil and gas field located outside of Hobbs, New Mexico. The company owns an 87.5%-100% working interest in two oil and gas wells producing out of the Bonesprings, and Yates formations at depth ranging from approximately 3,400 feet to approximately 10,000 feet. The company also owns an 87.5% working interest in one water disposal well.

Chickasha Field, Grady County, Oklahoma is a waterflood project producing from the Medrano Sand. The Rush Springs Medrano Unit is located approximately sixty-five miles southwest of Oklahoma City, Oklahoma. The Company has a 20.64% working interest in the unit which consist of 21 producing oil and gas wells and 11 water injection wells.

Giddings Field, Fayette County, Texas is the prolific Austin Chalk field located in various counties surrounding the city of Giddings, Texas. In February 1998, the company acquired a 97.9% working interest in the Shade lease. The lease currently has 3 producing oil and gas wells, with a daily production rate of approximately 140 McfE net to the Company. Oil and Gas are produced from the Austin Chalk formation; the Company will evaluate whether additional reserves can be developed by use of horizontal well technology.

Big Muddy Field, Converse County, Wyoming is a producing oilfield located approximately 30 miles south of Casper, Wyoming. FieldPoint Petroleum owns a 100% working interest in the Elkhorn and J.C. Kinney lease, which consists of 3 oil wells, producing out of the Wallcreek and Dakota formations at depth ranging in general from approximately 3,200 feet to approximately 4,000 feet. The Company acquired this interest in September 1996, and has plans to re-enter or drill more wells.

Serbin Lee Field and Bastrop Counties, Texas is an oil and gas field located approximately 50 miles east of Austin and 100 miles west of Houston. The Company has a working interest in 74 producing oil and gas wells, with a production rate of approximately 100 barrels of oil equivalent ("BOED") net to the Company. Oil and gas are produced from the Taylor Sand at depths ranging from approximately 5,300 feet to approximately 5,600 feet; it is a 46-gravity oil sand. The Company acquired this interest in the years of 1994-1996.

West Allen Field, Pontotoc County, Oklahoma is a producing oil and gas field located approximately 100 miles south of Oklahoma City, Oklahoma. The Company has a working interest in 52 leases or a total of 225 wells, the leases have multiple wellbores which The Company has plans to participate in the recompletion of behind pipe zones.