FieldPoint believes that the field offers an attractive opportunity for drilling additional wells, and that the proved producing reserves will increase when and if addition successful wells are drilled.

Ray Reaves, president and CEO of FieldPoint, said: "We are excited to control operations of this field, which produces all oil and should increase our daily oil production by approximately 35%.

"On a barrel of oil equivalent basis, this is expected to increase our overall daily production for oil and natural gas combined by approximately 25%. Those figures make this a very important acquisition for FieldPoint."

A service of YellowBrix, Inc.