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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 01/02/98
Other Sources
Thursday October 14, 1:26 pm Eastern                      Company Press Release


AUSTIN, Texas, Oct. 14/PRNewswire

FieldPoint Petroleum Corporation (OTC Bulletin Board: FPPC- the "Company") announced today it has completed a private stock placement in the aggregate amount of $1.1 million.

A total of 1,466,666 units were sold at $.75 per unit, each unit consists of one share of the Company's common stock and one warrant to purchase an additional share of common stock at $1.25 per share. The $1.1 million raised was used primarily to purchase certain leaseholds in the state of Oklahoma and for development costs associated with such, as well as $173,000 in debt reduction.

Ray D. Reaves, FieldPoint Petroleum's President and CEO commented, ``The completion of this transaction allowed the Company to close the Oklahoma deal as well as reduce costly debt. This also achieves a milestone for the Company's goal of broadening the shareholder base to create greater value for the shareholders.''

FieldPoint Petroleum Corporation is engaged in oil and gas exploration, production and acquisition primarily in Oklahoma, Texas and Wyoming.

This release may contain certain forward looking statements within the meaning of the Federal securities laws. Such statements are based on assumptions that the Company believes are reasonable, but which are subject to a wide range of uncertainties and business risks. Factors that could cause actual results to differ from those anticipated are discussed in the Company's periodic filings with the Securities and Exchange Commission,, including its Annual Report on Form 10KSB for the year ended December 31, 1998.

Contact: Ray Reaves of FieldPoint Petroleum Corporation, 512-250-8692, web site

SOURCE: FieldPoint Petroleum Corporation