FieldPoint Petroleum Corporation will
continue to expand its reserve base and increase production and cash
flow through acquiring producing oil and gas properties. Such acquisitions
depend on an analysis of the properties' current cash flow and The Companys
profitability from the acquisition. The Companys ideal acquisition
would include not only oil and gas production, but also leasehold and
other working interest in exploration areas.
The Company also seeks to identify promising areas for
oil and gas exploration through outside consultants and Company expertise.
Identification will include collecting and analyzing exploration area
geological and geophysical data. Once promising properties are identified,
The Company will attempt to acquire the properties, either for drilling
oil and natural gas wells, using independent contractors for drilling
operations, or, for sale to third parties.
The Company recognizes that the ability to implement
its business strategy depends on its ability to raise additional debt
or equity capital to fund future acquisition, exploration, drilling and