An unknown buyer acquired 401 net acres in Lea County, New Mexico from FieldPoint Petroleum Corporation (AMEX:FPP) for $1.2 million on July 2017. FieldPoint will retain its 43.75% net working interest in the East Lusk Wells and its 87.50% net working interest in the Jennings Well. FieldPoint Petroleum used $1 million of the proceeds to reduce credit line with Citibank to $3.4 million and the additional $0.2 million was reserved for general corporate purposes. An unknown buyer completed the acquisition of 401 net acres in Lea County, New Mexico from FieldPoint Petroleum Corporation (AMEX:FPP) on July 20, 2017.