Past year: ▲ 9900%(0.01c – 1.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Oct 2006debt financing● NeutralMajor
On October 18, 2006 FieldPoint signed a Loan and Security Agreement with Citibank, N.A. for a revolving line of credit of up to the lesser of $50,000,000 or the borrowing base, which starts at $5,000,000 and is adjusted semiannually. It is secured by a first lien on substantially all of the company's oil and gas interests in Louisiana, New Mexico, Oklahoma, Texas and Wyoming, and advances are due in 2010.
19 Sept 2005listing compliance notice▲ GoodMajor
the American Stock Exchange certified FIELDPOINT PETROLEUM CORP's securities for listing, clearing them to begin trading.
26 May 2004asset acquisition disposition● Neutral
This amendment supplies the financial statements deferred in the March 2004 Lusk Field purchase filing. The acquired properties had oil and gas sales of $186,823 and direct operating expenses of $43,812 in 2003. Note the pro forma section says the $850,000 was paid from existing available cash, while the main text of the same filing says it came from the revolving credit facility.
26 Mar 2004asset acquisition disposition▲ GoodMajor
FieldPoint bought working interests of 87.5% to 100% in oil and gas properties in the Lusk Field, Lea County, New Mexico from PXP Gulf Coast, Inc. for $850,000 cash, closing March 11, 2004. The filing says the funds came from its existing revolving credit facility and that it plans to hold the interests for production and development. Audited statements and pro forma figures were deferred to a later amendment.
11 July 2002asset acquisition disposition● NeutralMajor
FieldPoint sold its full 89.96% working interest in the Ona NW Unit to Arena Resources, Inc. for $710,000 cash, closing June 26, 2002. This reverses the October 2001 purchase of the same interest, which cost $733,463.75, so the sale price was slightly below the purchase price. The filing's pro forma figures show cash rising by $710,000 with no change to debt.
28 Dec 2001asset acquisition disposition● Neutral
This amendment adds the financial statements promised in the October 2001 Ona NW Unit purchase filing. The audited summaries show the acquired properties had oil and gas sales of $779,594 and direct operating expenses of $506,417 for the nine months to September 30, 2001. The pro forma balance sheet shows the $733,464 price funded by added long-term debt under the existing bank facility.
26 Oct 2001asset acquisition disposition▲ GoodMajor
FieldPoint bought an 89.96% working interest (73.27% net revenue interest) in the Ona NW Unit in Texas County, Oklahoma from Ensign Oil & Gas for $733,463.75 cash, closing October 17, 2001. The press release says it was funded from cash and the credit facility, that FieldPoint will operate the unit, and that it plans about $400,000 of spending by end of 2002 (management's expectation).
