FieldPoint Petroleum plans fourth New Mexico well

|About: FieldPoint Petroleum Corpor... (FPP)|By:, SA News Editor

FieldPoint Petroleum Corporation (FPP) says preparations have been completed to file the application to permit the drilling of a fourth well in the East Lusk Federal Section 15 of Lea County, New Mexico.

As with the existing three wells, FPP will own a 43.75% working interest, Cimarex Energy (XEC) will own 37.5%, and other partners will own the remaining 18.75%.