Latest FieldPoint Petroleum Corporation Stories

2011-08-15 17:10:00

AUSTIN, Texas, Aug. 15, 2011 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/AMEX:FPP) announced today its second quarter financial results for the three and six months ended June 30, 2011. Ray Reaves, President and CEO of FieldPoint stated, "During this past quarter, our oil and natural gas revenue increased 9% over the same period last year primarily as a result of much higher oil prices. Net income and earnings per share met our goals for this quarter and we believe that we...

2011-08-10 08:29:00

AUSTIN, Texas, Aug. 10, 2011 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/AMEX: FPP) announced today that drilling has begun on the East Lusk 15 in Lea County, New Mexico. The Company has an operating agreement with Cimarex Energy Co., (NYSE: XEC) www.cimarex.com, to drill two wells that will target the Bone Spring formation. The total cost for each well is expected to be approximately $5,000,000. These horizontal wells are planned to be drilled vertically to a depth of...

2011-08-09 08:26:00

AUSTIN, Texas, Aug. 9, 2011 /PRNewswire/ -- FieldPoint Petroleum Corporation (AMEX: FPP) announced today that it has entered into a hedging agreement that will protect approximately 100% of its daily oil production for the remainder of 2011. Ray Reaves, President and CEO for FieldPoint stated "The Company felt very strongly that oil prices would remain above $90 for the first half of 2011, but we now face increased uncertainty for the second half of the year. Consequently, the board of...

Word of the Day
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'