FieldPoint Petroleum Corporation reported the drilling of the Ranger Unit 8A #1H with Riley Exploration Group of Blanchard, OK. Completion and fracking of the well is to begin this week.
FieldPoint President, Phillip Roberson, stated, "Although our Joint Exploration Agreement only became effective on January 1, 2014, and we are both still finishing our final due diligence and title work, our partner drilled this well in December and has invited us to participate under the terms of the agreement. We have elected to participate, and will have a 25% working interest in this well, as with all wells drilled under this agreement. We appreciate that Riley has chosen to use this well as an early launch of our joint drilling program, which is being referred to as the Ranger Project."