Field Point Petrolem (FPP)
FieldPoint Petroleum Corporation will continue to expand its reserve base and increase production and cash flow through acquiring producing oil and gas properties. Such acquisitions depend on an analysis of the properties’ current cash flow and The Company’s profitability from the acquisition. The Company’s ideal acquisition would include not only oil and gas production, but also leasehold and other working interest in exploration areas.
The Company also seeks to identify promising areas for oil and gas exploration through outside consultants and Company expertise. Identification will include collecting and analyzing exploration area geological and geophysical data. Once promising properties are identified, The Company will attempt to acquire the properties, either for drilling oil and natural gas wells, using independent contractors for drilling operations, or, for sale to third parties.
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