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FieldPoint Petroleum

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FieldPoint Petroleum Reports Third Quarter Results

Wednesday, November 14th, 2012 and is filed under Financial Updates

FieldPoint Petroleum Corporation (NYSE AMEX:FPP) announced today its financial results for the three and nine months ended September 30, 2012.

Ray Reaves, President and CEO of FieldPoint stated, “During the third quarter, our oil and natural gas revenues increased over the same period last year as a result of higher production, offset somewhat by lower natural gas prices. Even though our nine months net income and earnings per share both increased over the 2011 period, the three months net income and earnings per share were below our expectations for the period. This was due primarily to an unrealized loss on commodity derivatives during the period amounting to $314,000.” Read More