Referenced Stocks

Fieldpoint Petroleum to Begin Drilling on East Lusk 15; Shares Slip 4%

By Midnight Trader,  June 25, 2012, 02:08:16 PM EDT

FieldPoint Petroleum Corporation ( FPP ) announced that drilling is expected to begin on the East Lusk 15 Federal #2 well in Lea County, New Mexico in July.

The company has an operating agreement with Cimarex Energy Co, ( XEC ), to drill this well that targets the Bone Spring formation.

The total cost for this well is expected to be approximately $7 million, with net cost to FieldPoint of approximately $3.1 million.

FPP shares are down 4% to $3.75.

XEC shares are down 4.24% to $47.15, flirting with their 52-week bottom of $46.67.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: FPP, XEC



Latest News Video

Damage Extensive Near Warren Theatre in Moore, Okla.
Damage Extensive Near Warren Theatr...
Catastrophic Tornado Moves Through Moore, Okla.
Catastrophic Tornado Moves Through ...
Woman Describes Damage Near Plaza Elementary in Moore, Okla.
Woman Describes Damage Near Plaza E...
Burma Seeks Investment and Jobs
Burma Seeks Investment and Jobs     


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.51 0.08  0.60%
RAD $ 2.80 0.01  0.36%
CSCO $ 23.94 0.30  1.24%
MSFT $ 35.06 0.19  0.54%
WCRX $ 19.60 0.39  2.03%
SIRI $ 3.49 0.01  0.29%
FB $ 25.76 0.49  1.87%
S $ 7.29 0.03  0.41%