FieldPoint Petroleum Announces Additional Sale Of Assets In New Mexico
Thursday, July 27th, 2017 and is filed under Financial Updates
AUSTIN, Texas, July 20, 2017 /PRNewswire/ — FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced that it has completed the sale of 401 net acres in Lea County, New Mexico, held by multiple East Lusk 15 Federal Com wells (“East Lusk Wells”) and the Jennings Federal Com No. 1 well (“Jennings Well”), to a private E&P company. FieldPoint will retain its 43.75% net working interest in the East Lusk Wells and its 87.50% net working interest in the Jennings Well. Total sales price for the asset was $1,200,000.