FIELDPOINT PETROLEUM REPORTS THIRD QUARTER RESULTS
Monday, November 16th, 2015 and is filed under Financial Updates, Management Updates
AUSTIN, TX – November 16, 2015 - FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today its third quarter financial results for the three months ended September 30, 2015.
Financial Highlights for the Three Months Ended September 30, 2015 Compared to the Three Months Ended September 30, 2014:
- Total revenues decreased to $957,482 from $2,367,593;
- Net Income (Loss) decreased to a Loss of ($276,289) from Income of $139,632;
- Earnings (Loss) per share decreased to a Loss of ($.03) on both basic and fully diluted basis, from an Income of $0.02 on both basic and fully diluted; and
- Adjusted EBITDAX (earnings before interest, taxes, depletion, amortization, exploration expense, non-cash equity compensation expense and the effects of oil hedges) per share decreased to ($0.02) on both basic and fully diluted basis, from $0.12 and $0.11 respectively.