FieldPoint Petroleum Corporation provided an update on the latest production information from its recently completed East Lusk Federal 15 well #1 in Lea County, New Mexico.

FieldPoint's President and CEO, Ray Reaves stated, "After more than a month since its completion, production from this new well appears to be stabilizing in the range of 600 BOPD for oil and 600 MCFPD for natural gas. Needless to say, we are very pleased with these numbers and hope to see the well continue to perform. The latest production report from yesterday showed 567 BOPD for oil and 804 MCFPD for natural gas. In the future we plan to only report on this well when noteworthy occurrences take place. We will, however, report regularly on the progress made in this field as we move toward the drilling of well #2."

As a reminder, FieldPoint owns a 43.75% working interest in well #1, and will own the same percentage of well #2 and subsequent wells in section 15 of this field.

Tags: FieldPoint Petroleum Corporation