FieldPoint Petroleum Plans for Second Well in Lea County, New Mexico

FieldPoint Petroleum Corporation

, today announced that the Company plans to move forward with drilling a second well in section 15 of the East Lusk Federal field in Lea County, New Mexico. As with the recently completed well #1 in this section, the Company will have a 43.75% working interest in this well. We believe that this well could be completed in the third quarter of this year, pending permit approvals, weather and other variables outside our control.