FieldPoint Petroleum 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 or 15(d) of
Date of Report (Date of earliest event reported): August 2, 2007
FIELDPOINT PETROLEUM CORPORATION
1703 Edelweiss Drive, Cedar Park, Texas 78613
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (512) 250-8692
ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On July 31, 2007, the Company was the successful bidder for the acquisition of a 25.23150% working interest and a 22.077% net revenue interest in the Apache Bromide Unit located in Caddo County, Oklahoma. The interest was purchased from Merit Management Partners I, L.P. (formerly known as Merit Partners, L.P.) The purchase price for the interest was $1,880,611.50, of which $1,000,000 was drawn on the Companys line of credit with Citibank and the balance paid from cash on hand. The final conveyance documents were executed on August 7, 2007.
ITEM 9.01: FINANCIAL STATEMENTS AND EXHIBITS
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.