Thursday, January 10th, 2013 and is filed under Drilling Announcements
FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today that the Company and its partners plan to drill their third well in the East Lusk Section 15 in Lea County New Mexico. Drilling is expected to begin within approximately six months .
FieldPoint’s President and CEO, Ray Reaves, stated, “We are very pleased with the results to date of our two existing wells on this property, both drilled with Cimarex (NYSE:XEC) as our drilling partner. As with those two wells, FieldPoint will own a 43.75% working interest, Cimarex will own 37.5%, and other partners will own the remaining 18.75% working interest in well #3.” Read More