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FieldPoint Plans To Drill Third Bone Spring Well

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Business Wire
June 26, 2013

FieldPoint Petroleum Corp. (NYSE: FPP) reports that drilling is well underway on the East Lusk 15 Federal #3 in Lea County, N.M.

The company has an operating agreement with Cimarex Energy Co. (NYSE: XEC) to drill this well that will target the Bone Spring formation.

As with the company’s two other wells on this property, this horizontal well is planned to be drilled vertically to a depth of 9,500 feet, to the Bone Spring formation, and 4,000 to 5,000 feet laterally within the formation to the bottomhole location. Drilling has ...

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