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FieldPoint Petroleum

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FieldPoint Petroleum Provides Update for Well #3 in Lea County, NM

Monday, September 9th, 2013 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE MKT:FPP) today provided an update on the production from its most recently completed well in Lea County, New Mexico.

FieldPoint’s Executive Chairman, Roger Bryant, stated, “Our East Lusk Federal 15 #3, in Lea County, New Mexico, continues to perform very well. For the dates August 21, 2013, through September 7, 2013, the well averaged producing oil at 601 Bopd and natural gas at 604 Mcfpd. That puts this well on a par with, if not better than, our first two wells on this property at this point in production. As previously stated, the decision to drill a fourth well on this property depends in great part upon the success of this well. That decision will be made soon, and the performance of well #3 is very encouraging at this point. As we have done in the past, we will provide periodic updates on this well and our drilling program in this field.” Read More