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AUSTIN, Texas, Jan. 8, 2018 /PRNewswire/ -- FieldPoint Petroleum Corporation (FPPP) today announced a seventh Amendment to its Loan Agreement with Citibank, which includes a first amendment to the Forbearance Agreement. The terms and conditions of the Forbearance Agreement may be seen in a Form 8-K filed today with the Securities and Exchange Commission. Phillip Roberson, President and CFO of FieldPoint, stated, "Again, we express our appreciation for the cooperation of CitiBank, as we have been able to pay down debt with a minimal effect on cash flow and collateral.
AUSTIN, Texas , Nov. 22, 2017 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today that the NYSE American ("NYSE") will suspend trading of the Company's Common Stock ...
FieldPoint Petroleum Corporation (AMEX:FPP) is a small-cap stock with a market capitalization of USD $4.05M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies,Read More...
AUSTIN, Texas, Oct. 10, 2017 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced that it has completed the sale it's 25.23% working interest in a waterflood project consisting of 23 producing and 9 injection wells in the Apache field in Caddo County Oklahoma to a private Exploration & Production company. Although the sale included some production, the fixed operating costs were extremely high due to the nature of the project. The divestiture wont have a significant effect on cashflow, but will result in a net gain of approximately $729,000 and increases net equity to help us regain compliance with the NYSE American (formerly NYSE MKT). Today's transaction is another step toward regaining compliance with the terms of our bank debt, and with the NYSE American listing requirements.