Profile: FieldPoint Petroleum Corp (FPP)

FPP on American Stock Exchange

5.17USD
22 Apr 2014
Price Change (% chg)

$-0.13 (-2.45%)
Prev Close
$5.30
Open
$5.35
Day's High
$5.35
Day's Low
$5.00
Volume
45,850
Avg. Vol
19,420
52-wk High
$5.40
52-wk Low
$3.27

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FieldPoint Petroleum Corporation is engaged in the acquisition, operation and development of oil and natural gas properties, which are located in Louisiana, New Mexico, Oklahoma, South-Central Texas and Wyoming. As of December 31, 2011, the Company had ownership interest in 361 gross productive wells (101.52 net) located in five states. It operates 67 of the 361 wells; the other wells are operated by independent operators under contracts. Its properties include Block A-49 and Block 6 Field, Spraberry Trend, Flying M Field, Sulimar Field, Apache Field, North Bilbrey Field, Longwood Field, Lusk Field, Loving North Morrow Field, Chickasha Field, West Allen Field, Giddings Field, Big Muddy Field, Serbin Field and Tuleta West Field.

Block A-49 and Block 6 Field is a producing oil field located in Andrews, Texas. The Company owns a 74%-100% working interest in five producing oil wells and three injection wells producing out of the Devonian and Ellenburger formations at an approximate depth of 7,000 to 9,000 feet. Spraberry Trend is a producing oil and natural gas field located six miles east of Midland, Texas. It owns a 6% to 15% working interest in five oil and natural gas wells producing out of the Spraberry formation at a depth of approximately 7,000 feet. Flying M Field is a producing oil and natural gas field located outside of Hobbs, New Mexico. The Company owns a 39.25% working interest in two oil and natural gas wells producing out of the ABO formation at a depth of approximately 8,300 feet. Sulimar Field is a producing oil field located 35 miles north east of Artesia, New Mexico. The Company has a 100% working interest in one oil well producing out of the Queen formation at a depth of approximately 1,800 feet.

Apache Field is a waterflood project producing from the Viola/Bromide formation. The Apache Bromide Unit is located approximately five miles west of the town of Apache and 25 miles north of Lawton, Oklahoma. The Company has a 25.23% working interest in the unit which consists of 11 producing oil wells and nine water injection wells. North Bilbrey Field is a producing natural gas field located outside of Hobbs, New Mexico. The Company owns a 50% working interest in the North Bilbrey #7 federal well producing out of the Atoka formation at approximately 13,000 feet. Longwood Field s a producing natural gas field located north of Greenwood, Louisiana. The Company owns a 12.22% working interest in two natural gas wells producing out of the Cotton Valley formation at a depth of approximately 7,800 feet. Lusk Field is a producing oil and natural gas field located outside of Hobbs, New Mexico. The Company owns an 87.5%-100% working interest in two oil and natural gas wells producing out of the Bonesprings and Yates formations in section 15 at depth ranging from approximately 3,400 feet to approximately 10,000 feet and a 43.75% working interest in one well drilled and producing out of the Bonesprings formation.

Loving North Morrow Field is a producing natural gas field located two miles west of Loving, New Mexico and 12 miles south east of Carlsbad, New Mexico. The Company owns a 4.3% to 12% working interest in three natural gas wells producing out of the Morrow formation from a depth of approximately 12,300 feet to 12,450 feet. Chickasha Field is a waterflood project producing from the Medrano Sand. The Rush Springs Medrano Unit is located approximately 65 miles southwest of Oklahoma City, Oklahoma. The Company has a 20.64% working interest in the unit, which consists of 21 producing oil and natural gas wells and 11 water injection wells. West Allen Field is producing oil and natural gas field located approximately 100 miles south of Oklahoma City, Oklahoma. The Company has a working interest in 52 leases or a total of 224 wells, the leases have multiple wellbores.

Giddings Field is in the Austin Chalk field located in various counties surrounding the city of Giddings, Texas. The lease has three producing oil and natural gas wells. Oil and natural gas are produced from the Austin chalk formation. Big Muddy Field is a producing oilfield located approximately 30 miles south of Casper, Wyoming. The Company owns a 100% working interest in the Elkhorn and J.C. Kinney lease which consists of three oil wells producing out of the Wallcreek and Dakota formations at depths ranging from approximately 3,200 feet to approximately 4,000 feet. Serbin Field is oil and natural gas field located approximately 50 miles east of Austin and 100 miles west of Houston. The Company has a working interest in 52 producing oil and natural gas wells. Oil and natural gas are produced from the Taylor Sand at depths ranging from approximately 5,300 feet to approximately 5,600 feet. Tuleta West Field is a natural gas field located North of Corpus Christi, Texas. The Company owns a 5% working interest in one natural gas well producing from the Wilcox formation at a depth of approximately 12,000 feet.

Company Address

FieldPoint Petroleum Corp

SUITE 335, 609 CASTLE ROAD
AUSTIN   TX   78746
P: +1512.2508692
F: +1512.3351294

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