FieldPoint Petroleum Updates Well Operations; Shares Unchanged

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FieldPoint Petroleum Corporation ( FPP ) and its drilling partner Cimarex Energy Co., have elected to complete the East Lusk Federal 15 well #2 in the Bone Spring Formation and plan to frac the well within approximately 10 days.

As previously disclosed, the #1 well on this lease has been shut-in because of the DCP midstream gas sales pipeline curtailment. The company anticipates that those repairs will be completed within one week and production will resume at that time.

FPP shares are unchanged at $4.14.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: FPP

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