Thursday, May 17th, 2018 and is filed under Financial Updates
AUSTIN, TX – May 15, 2018 – FieldPoint Petroleum Corporation (OTCBB: FPPP) today announced financial results for its first fiscal quarter ended March 31, 2018.
Phillip Roberson, President and CFO, said, “After this long period of depressed commodity pricing, we are finally seeing some relief. Pricing toward the end of our first quarter reached a manageable level, and if this recovery is sustainable, we expect to be able to further reduce our debt and return to our plan of growth for the company in the near term. Again, we want to express appreciation to all our shareholders who have supported us during this difficult time.”
Monday, August 21st, 2017 and is filed under Financial Updates
AUSTIN, TX –August 14, 2017– FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today announced financial results for the second quarter ended June 30, 2017.
Phillip Roberson, President and CFO, said, “I am pleased to report this significant progress toward regaining full compliance with both our lender and the New York Stock Exchange listing requirements. This is due in great part to the previously announced sale of non-core assets in New Mexico, but also aided by our improved operating performance. We plan to continue with the current strategy, and expect to meet our objectives by early November.”
Monday, August 11th, 2014 and is filed under Management Updates
AUSTIN, TX – (PRNEWSWIRE) – August 11, 2014 – FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today announced that it will release Second Quarter 2014 Earnings on Wednesday, August 13, 2014 by filing Form 10-Q with the SEC, and will conduct an earnings conference call after the market closes. With the earnings release, the Company will also provide updates on drilling activities.
Thursday, July 31st, 2014 and is filed under Drilling and Production Update
AUSTIN, TX – (PRNEWSWIRE) – July 31, 2014 – FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided an update on recent activity. Phillip Roberson, FieldPoint President and CFO, stated, “As the Ranger Project continues, we have now completed the third and fourth horizontal Taylor Sand wells in the Serbin Field with our drilling partner, Riley Exploration Group, LLC. The first Ranger well, the 8A-1H, was completed in the 1st quarter of this year to a total vertical depth of 5,269’ and a total measured depth of 11,500’ with an initial production rate of 167 barrels of oil per day (BOPD). We are pleased with the performance of the well, but believe we have a blockage in the lower perforations and plan to work over the well later in the year with expectations of increasing production. The second Ranger well, the 11A-1H, was completed in May to a total vertical depth of 5,679’ and a total measured depth of 9,500’ with an initial production rate of 231 BOPD. This well had a much shorter lateral than the first well, but as we continue to improve our completion plan, we believe the wells will continue to improve. The third and fourth Ranger wells, the 8A-2H and 8A3-3H, were recently completed utilizing the same pad and production facilities used for the 8A-1H. These two recent wells are currently flowing back, and from results to date, we believe they will perform as well or better than the first two wells.” Read More