316736--3/31/2009--FIELDPOINT_PETROLEUM

related topics

{gas, price, oil}

{cost, regulation, environmental}

{interest, director, officer}

A substantial decrease in oil and natural gas prices would have a material impact on us. Our business will depend on transportation facilities owned by others. Market conditions could cause us to incur losses on our transportation contracts. Estimating our reserves future net cash flows is difficult to do with any certainty. Acquiring interests in other properties involves substantial risks. Operational risks in our business are numerous and could materially impact us. We must comply with environmental regulations. Environmental liabilities could adversely affect our business . Competition in the oil and natural gas industry is intense, and we are smaller and have a more limited operating history than many of our competitors. The oil and natural gas industry is highly competitive. Governmental regulations can hinder production. Minority or royalty interest purchases do not allow us to control production completely. Environmental regulations can hinder production. Government regulations could increase our operating costs .

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316736--3/31/2009--FIELDPOINT_PETROLEUM_CORP