Printer Friendly

FieldPoint Petroleum completes sale of 401 net acres in New Mexico to private E&P company.

International Resource News-July 21, 2017--FieldPoint Petroleum completes sale of 401 net acres in New Mexico to private E&P company

(C)1994-2017 ENPublishing - http://www.enpublishing.co.uk

International Resource News - 21 July 2017

United States-based FieldPoint Petroleum Corporation (NYSE/MKT:FPP) has completed the sale of 401 net acres in Lea County, New Mexico, held by multiple East Lusk 15 Federal Com wells and the Jennings Federal Com No. 1 well, to a private E&P company.

FieldPoint will retain its 43.75 percent net working interest in the East Lusk Wells and its 87.50 percent net working interest in the Jennings Well.

Total sales price for the asset was USD1,200,000.

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:International Resource News (IRN)
Geographic Code:1U8NM
Date:Jul 21, 2017
Words:136
Previous Article:Zion Oil & Gas to continue active drilling operations at Megiddo-Jezreel #1 well in Israel.
Next Article:Katadyn Group to acquire Hydro-Photon's assets.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters