FieldPoint Petroleum Corporation (AMEX:FPP) executed a letter of intent to acquire producing assets in Milam County, Texas from funds of Minerva-Rockdale E&P LLC on December 14, 2016. The assets include current production as well as behind pipe reserves and proved undeveloped opportunities. FieldPoint has an exclusive 60 day right to conduct due diligence and negotiate a definitive agreement to purchase the assets from the Minerva-Rockdale E&P entities. If definitive agreements are ultimately reached, FieldPoint Petroleum will issue to the sellers a number of shares of its common stock that will be mutually agreed upon. The transaction will be subject to review by the New York Stock Exchange, the Securities and Exchange Commission, and any other relevant governing body. Euro Pacific Capital, Inc. acted as financial advisor to FieldPoint Petroleum Corporation. FieldPoint Petroleum Corporation (AMEX:FPP) cancelled the acquisition of producing assets in Milam County, Texas from funds of Minerva-Rockdale E&P LLC on December 14, 2017.