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Latest FieldPoint Petroleum Corporation Stories

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...

2011-05-24 07:04:00

AUSTIN, Texas, May 24, 2011 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/AMEX: FPP) announced today that it anticipates drilling will begin on its leasehold in township 19 section 15 in Lea County, New Mexico in the third quarter of this year. Ray Reaves, President and CEO of FieldPoint stated, "This horizontal well project, which was announced originally in 2010, has experienced excessive delays outside of our control. We believe now that we are very close to seeing it...

2011-05-16 08:20:00

AUSTIN, Texas, May 16, 2011 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE AMEX: FPP) announced today its first quarter financial results for the three months ended March 31, 2011. Ray Reaves, President and CEO of FieldPoint stated, "As much of the country suffered lost productivity from extremely harsh winter weather conditions in the first quarter, so did our oil and gas production. During this past quarter total revenues declined 6% as a result of this lower productivity....

2011-03-31 07:57:00

AUSTIN, Texas, March 31, 2011 /PRNewswire/ -- FieldPoint Petroleum Corporation (AMEX: FPP) announced today that its Board of Directors has authorized the Company to continue the repurchase of shares of its Common Stock at a cost not to exceed $250,000. Stock purchases may be made in open market or privately-negotiated transactions, if and when management determines to effect purchases. Repurchases shall occur subject to prevailing market conditions and will be funded from available cash....

2010-12-21 07:45:00

AUSTIN, Texas, Dec. 21, 2010 /PRNewswire-FirstCall/ -- FieldPoint Petroleum Corporation (NYSE Amex: FPP) announced today that the borrowing base available to the company under its bank line of credit has been increased to $10.5 million. This increase was approved following a routine mid-year engineering review of the line by Citibank. Ray Reaves, President and CEO of FieldPoint stated, "We are very pleased that Citibank has recognized the size and quality of our growing asset base. In...

2010-11-24 06:47:00

AUSTIN, Texas, Nov. 24, 2010 /PRNewswire-FirstCall/ -- FieldPoint Petroleum Corporation (NYSE Amex: FPP) announced today that it will continue to buy back its shares in accordance with a plan approved by its Board of Directors earlier this year. Under this plan, management is authorized to make stock purchases in open market or privately-negotiated transactions, subject to prevailing market conditions. All purchases are funded from available cash. Ray Reaves, President and CEO stated,...

2010-11-15 19:00:00

AUSTIN, Texas, Nov. 15, 2010 /PRNewswire-FirstCall/ -- FieldPoint Petroleum Corporation (NYSE Amex: FPP) announced today its quarterly financial results for the three and nine months ended September 30, 2010. Ray Reaves, President and CEO of FieldPoint stated, "During this past quarter our oil and natural gas revenues increased 52% over the same period last year as a result of much higher production and increased oil and natural gas prices. Quarterly net income and earnings per share...

2010-08-12 07:04:00

AUSTIN, Texas, Aug. 12 /PRNewswire-FirstCall/ -- FieldPoint Petroleum Corporation (NYSE Amex: FPP) announced today its second quarter financial results for the three and six months ended June 30, 2010. Ray Reaves, President and CEO of FieldPoint, stated, "Net income and earnings per share met our goals for this quarter and we believe that we will meet our objectives for the year, with a strong emphasis on increasing oil production. As previously stated, we plan to drill two oil and...

2010-07-27 07:36:00

AUSTIN, Texas, July 27 /PRNewswire-FirstCall/ -- FieldPoint Petroleum Corporation (NYSE Amex: FPP) today provided an update of its 2010 operations. As previously announced, FieldPoint and Cimarex Energy Co. (NYSE: XEC) are partnering to drill two wells that will target the Bone Spring formation in section 15 of the East Lusk Federal field in Lea County, New Mexico. Drilling of the first of these wells is expected to begin this fall as planned, possibly early in the fourth quarter....

2009-03-24 07:30:00

DENVER, March 24 /PRNewswire-FirstCall/ -- Basic Earth Science Systems, Inc. (Basic) (OTC Bulletin Board: BSIC) has noted that FieldPoint Petroleum Corporation (Amex: FPP) announced termination of its plans to offer FieldPoint shares for shares of Basic. Ray Singleton, President of Basic, stated, "Basic's Board of Directors, specifically its independent directors, viewed the proposed exchange offer from FieldPoint as coercive and an inadequate offer to gain control of Basic and its assets....


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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