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FieldPoint Petroleum: In The News...

Corporate Update
FieldPoint Petroleum Corporation Announces New Director 02/22/02
FieldPoint Petroleum Corporation Reports Third Quarter and Nine-Month Financial Results on Record Levels of Oil and Natural Gas Production 11/20/01
FieldPoint Petroleum Corporation Expands Oklahoma Operations With Ona West Acquisition 10/22/01
FieldPoint Petroleum Corporation Reports Second Quarter and Six-Month Financial Results on Record Levels of Oil and Natural Gas Production 08/15/01
FieldPoint Petroleum Corporation Reports Year-End 2000 Proved Reserves And Production 04/03/01
FieldPoint Petroleum Corporation Reports Fourth Quarter and 2000 Year-End Financial Results 03/07/01
FieldPoint Petroleum Corporation Announces 85% Production Increase 01/22/01
FieldPoint Petroleum Corporation Acquires Interest in Property; Boosts Production and Earnings Prospects 12/19/00
FieldPoint Petroleum Corporation Reports Third Quarter and Nine Month Financial Results 11/14/00
FieldPoint Petroleum Corporation Announces Acquisition of 33% Interest in Hutt (Wilcox Field) 10/02/00
FieldPoint Petroleum Corporation Reports Second Quarter and Six-Month Financial Results 07/25/00
FieldPoint Petroleum Reports Record First Quarter Revenue and a 648% Increase In First Quarter Profits 05/15/00
Standard & Poor's Approves FPPC for Listing In Market Access Program 03/14/00
FieldPoint Petroleum Year-End Reserves and Production Increase 02/15/00
FieldPoint Petroleum Completes $1.1 Million Stock Placement 10/14/99
Announces New Board of Director 09/08/99
July 1, 1999 proved oil and gas reserves increased 489% 08/19/99
Additional Oklahoma Acquisitions 7/08/99
Completes $1.2 Million Acquisition 6/21/99
Additional Purchases from Pontotoc 05/05/99
Pontotoc Production Acquisition 1/8/99
Oil & Gas Investor feature 12/14/98
Fred Bowman Property Acquisition 2/24/98
BPI Acquisition 1/2/98
Other Sources
Friday, January 2, 9:15 a.m. Eastern

FieldPoint Petroleum Corporation Announces Completion of Bass Petroleum, Inc. Acquisition

AUSTIN, Jan. 2 /PR Newswire

FieldPoint Petroleum Corporation (OTC Bulletin Board: FPPC – News) announced today that it closed the acquisition of Bass Petroleum, Inc. (BPI). The acquisition was effected pursuant to a Plan of Exchange (the "Plan") by and among, FieldPoint Petroleum Corporation (the "Company"), BPI, and the shareholders of BPI effective December 31, 1997, which called for the Company to issue an aggregate of 4,000,000 unregistered shares of Common Stock to the shareholders of BPI, on a pro rata basis, in exchange for an aggregate of 8,655,625 shares of capital stock of BPI. The transaction will be accounted for as an acquisition of FieldPoint Petroleum Corporation by Bass Petroleum, Inc.

Bass Petroleum, Inc. owns producing properties in south central Texas and southeastern Wyoming. Additionally, the BPI properties consist of 75 producing wells of which 55 are operated by BPI. Current net production from the BPI properties is averaging 190 thousand cubic feet of natural gas per day and 75 barrels of oil per day.

FieldPoint Petroleum Corporation is an OTC Bulletin Board listed oil and gas exploration and production company whose principal operations are conducted in Texas and Wyoming oil and gas provinces.

Company Press Release
SOURCE: FieldPoint Petroleum Corporation