This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:FieldPoint Petroleum Reports Third Quarter Results 2009-11-16 17:10 ET - News Release Production Hits 275 boepd
AUSTIN, Texas -- (Business Wire)
FieldPoint Petroleum Corporation (NYSE AMEX:FPP) announced today its
quarterly financial results for the three and nine months ended
September 30, 2009.
Ray Reaves, President and CEO of FieldPoint stated, “While third quarter
net income and earnings per share improved over the second quarter of
this year, much lower oil and natural gas prices contributed to an
overall decline in revenues as compared to the same period a year ago.
Even after a slight increase in production for this period, revenues
declined 44% from the same quarter in 2008. While this was below our
goal for this quarter, we still believe that we can meet our objectives
for the year. As previously stated, during the past year we
significantly improved our balance sheet and prepared the company for
dealing with lower commodity prices.”
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