On April 20, 2018, Natale Rea sent a letter to the FieldPoint Petroleum Corporation's Board of Directors. In the letter, Natale Rea stated that they view that the primary reason for the Company's persistent poor operational and financial performance and declining stock price is its Management which has demonstrated a lack of both ability and willingness to take the necessary steps to reverse these negative trends. Accordingly, Natale Rea proposed not to renew Management's contracts upon expiration. Further, Natale Rea stated that it would like to engage in an open and constructive dialogue with the Board.