Business
FieldPoint Petroleum Corporation Reports Unauthorized Promotional Activity
FieldPoint Petroleum Corporation Reports Unauthorized Promotional Activity.
About this update from Fieldpoint Petroleum Corp
[{"type":"text","content":"\n\n\n\nFieldPoint Petroleum Corporation Reports Unauthorized Promotional Activity\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFieldPoint Petroleum Corporation Reports Unauthorized Promotional Activity\nPR Newswire\nAUSTIN, Texas, July 26, 2019\n\n\n\nAUSTIN, Texas, July 26, 2019 /PRNewswire/ -- FieldPoint Petroleum Corporation (OTC: FPPP) today announced that it was made aware of promotional activity in relation to the Company's common stock.  As required by the OTCQB Policy on Stock Promotion the Company announces that:\n\n \n \n\n \n1.a)   The Company became aware of  the promotional activity when they were contacted by the OTCQB on July 24, 2019.\n1.b)   As a result of the promotional activities the trading price of the Company's common stock has risen from $0.035 to $0.1544 with a high of $0.23.\n1.c)   The promotion was in the form of a mass e-mail stock pick recommendations from Penny Stock Finders, Penny Stock Scholar and Secret Stock Promotor on July 24, 2019.\n2.)   The Company and its officers had no knowledge of, were not involved, directly or indirectly, with the creation, distribution, or payment of promotional activities.\n3.)   The Company has reviewed the statements in the promotional material and confirm they are materially correct with the following exceptions:\nThe statement made in relation to \"FPPP States Critical Business Strategy Could Lead to Big Moves.  Going forward, we expect to continue to largely rely on experienced drilling and operating partners for these projects such as what we have done with Cimarex in the Lusk Field and Riley Exploration in the Ranger project.\"  We do not have any current plans for development with either of those operators or in either of the associated fields.\nThe statement made in relation to the number of gross wells the company participates in as \"480 gross producing wells.\"  The correct number of gross wells is 386.\n4.   After an investigation by management, the Company confirms that to its knowledge none of its di...