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FieldPoint Petroleum 8-K 2007

Documents found in this filing:

  1. 8-K
  2. 8-K
SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549



FORM 8-K


CURRENT REPORT



Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):  August 2, 2007



               FIELDPOINT PETROLEUM CORPORATION                
(Exact name of registrant as specified in its charter)



           Colorado           

    001-32624     

   84-0811034  

(State or other jurisdiction of

 incorporation or organization)

(Commission file

 number)

(IRS Employer

 Identification No.)


   1703 Edelweiss Drive, Cedar Park, Texas  78613

(Address of principal executive offices)    (Zip Code)


Registrant's telephone number, including area code:  (512) 250-8692


_____________________________________________________
(Former name or former address, if changed since last report)



___

Written communications pursuant to Rule 425 under the Securities Act

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act






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 Company’s 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


 

(a)

Financial Statements

    
  

Registrant has determined that audited financial statements will not be required under Item 3.10 of Regulation S-B arising out of this acquisition.

   
 

(b)

Pro Forma Financial Information

   
  

Registrant has determined that pro forma financial information is not required under Item 3.10 of Regulation S-B arising out of this acquisition.

   
 

(c)

Exhibits

   
 

Item

Title

   
 

99.1

 






SIGNATURE


        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.



 

FIELDPOINT PETROLEUM CORPORATION

Date:  August 8, 2007

By: /s/ Ray Reaves_______________ 
    Ray Reaves, President

 




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