FieldPoint Petroleum Corporation is engaged in the acquisition, operation and development of oil and natural gas properties, which are located in Louisiana, New Mexico, Oklahoma, South-Central Texas and Wyoming. As of December 31, 2011, the Company had ownership interest in 361 gross productive wells (101.52 net) located in five states. It operates 67 of the 361 wells; the other wells are operated by independent operators under contracts. Its properties include Block A-49 and Block 6 Field, Spraberry Trend, Flying M Field, Sulimar Field, Apache Field, North Bilbrey Field, Longwood Field, Lusk Field, Loving North Morrow Field, Chickasha Field, West Allen Field, Giddings Field, Big Muddy Field, Serbin Field and Tuleta West Field. The Company owns a 74%-100% working interest in five producing oil wells and three injection wells producing out of the Devonian and Ellenburger formations at an approximate depth of 7,000 to 9,000 feet.