| Business Summary | | FieldPoint
Petroleum
Corporation
has
varying
ownership
interest
in
338
gross
productive
wells
(89.77
net)
located
in
three
states.
As
of
December
31,
2000,
the
Company
operated
59
of
the
338
wells;
the
other
wells
are
operated
by
independent
operators
under
contracts
that
are
standard
in
the
industry.
It
is
a
primary
objective
of
the
Company
to
operate
most
of
the
oil
and
gas
properties
in
which
it
has
an
economic
interest.
The
Company
intends
to
sell
all
of
its
production
to
traditional
industry
purchasers,
such
as
pipeline
and
crude
oil
companies,
who
have
facilities
to
transport
the
oil
and
gas
from
the
wellsite. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Fieldpoint
Petroleum
Corp.
is
engaged
in
the
acquisition,
operation
and
development
of
oil
and
gas
properties,
which
are
located
in
Oklahoma,
Texas
and
Wyoming.
For
the
six
months
ended
6/30/01,
revenues
rose
72%
to
$1.3
million.
Net
income
decreased
4%
to
$240
thousand.
Revenues
reflect
an
increase
in
oil
and
gas
production.
Earnings
were
offset
by
reduced
margins,
along
with
increased
depreciation
costs
due
to
higher
capital
expenditures. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Ray Reaves, 38 Chairman,
Pres, CEO | $90K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|