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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (8134)	4/15/2005 2:59:48 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

FPPC looks better than yer other earl. Not a sector I follow too closely. Guessing its fate tied to oil, which should rebound. DFNS .69 armor play tanked or tank armored, which is it? Looks like it barely trades, except on today's sell-off You would know more about it than I. Who and why the selling, which looks unrelated to market?

To: rrufff who wrote (8134)	4/19/2005 3:31:31 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

Nice move on FPPC And here I thought the oil problem was all fixed Oil Leaps Over $52 on Refinery Worries 1 hour, 22 minutes ago Business - Reuters NEW YORK (Reuters) - Oil prices vaulted over $52 a barrel on Tuesday, breaking a two-week slump from record highs as refinery problems in the United States, the world's largest energy consumer, reignited supply worries. Related Quotes DJIA NASDAQ S&P 500 10125.42 1928.17 1151.71 +54.17 +15.25 +5.73 Delayed Data Providers - Disclaimer U.S. light crude climbed $1.73, or about 3 percent to $52.10 a barrel, down from an all-time record $58.28 struck on April 4, but around $8 up from prices at the end of 2004. London's Brent crude rose $2.06 to $52.84 a barrel. The jolt higher on the back of a rally in gasoline ended a two-week slide triggered by rising crude inventories in the United States, additional OPEC supply and signs that strong demand growth, especially in China, is easing. "More and more people are becoming convinced that oil above $55 is not sustainable in the long term. But a lot of people are willing to come back into the market when prices go below $50," said David Thurtell, a Sydney-based commodities strategist at Commonwealth Bank of Australia. A jump in U.S. gasoline prices drove the gains, with May gasoline on the New York Mercantile Exchange up 7.06 cents at $1.5650 a gallon. Refinery problems in Kansas, Louisiana, and Texas fueled the rise. "It looks like troubles at refineries are behind the surge in gasoline and this is pushing up the market," said Phil Flynn, an analyst at Alaron Trading in Chicago. Analysts are predicting that U.S. crude inventories will rise for the 10th week in a row when the government Energy Information Administration releases fresh data on Wednesday. U.S. crude stocks are at the highest level since June, 2002, and a preliminary Reuters survey of nine analysts forecasts inventories increasing by another 1.8 million barrels in the week to April 15. The head of OPEC said on Monday the producers' cartel would pump near 25-year highs next month although it would postpone any formal increase in output limits until a June meeting. President Sheikh Ahmad al-Fahd al-Sabah, also Kuwait's energy minister, said OPEC output would add 500,000 barrels per day to output in May to prepare for a surge in demand later in the year ahead of the northern hemisphere winter. Top exporter Saudi Arabia has already told customers to expect more oil in May.

To: rrufff who wrote (8134)	4/19/2005 3:33:17 PM
From: Smiling Bob	Respond to of 19256

Geez Rufff, this almost sounds dirty FieldPoint Petroleum Corporation Completes Korczak Federal #1 in Lea County, New Mexico Tuesday April 19, 1:44 pm ET Completion in the Middle Morrow indicates 2.6 Million flow rate AUSTIN, Texas--(BUSINESS WIRE)--April 19, 2005-- FieldPoint Petroleum Corporation (OTCBB:FPPC - News) announced today that it has completed the Korczak Federal#1 in the middle Morrow and on a short test the well flowed 2.6 mmcfed on a 28/64 choke at 500psi. There was very little to no flow from the lower Morrow. The Company will leave the upper Morrow and the Wolfcamp behind pipe for now. Of the three intervals in the Morrow formation, the logs indicate the upper Morrow appears to have the potential to offer the most upside. We perforated the middle Morrow at 13,169 to 13,185 and this time there was no further stimulation necessary. We will keep an eye on the flowing pressures and flow rates to determine if a frac will be required to maintain or increase production. At this time, we cannot predict sustained future flow rates. The next step will be a hook-up to the gas sales line which should be accomplished in a few days, when we will begin selling gas to Duke Energy. FieldPoint has a 14.0625 working interest in the Korczak Federal #1 carried to casing point and will have to pay its share of the completion cost. At this time, the Company estimates this net cost to FieldPoint to be $28,000.00, but this does not include the cost of further stimulation or completing other zones. FieldPoint's President and CEO, Ray D. Reaves said, "We are excited to have this successful completion and look forward to initiating gas sales within the next 48 hours. I believe the results at this time bode well for us to drill a second well on the prospect, a Korczak Federal #2, and a drilling permit application could be filed soon. Our goal is to continue to increase revenue, earnings and reserves as well as continuing to explore other opportunities like our recently announced acreage in the Palo Duro Basin in Texas." About FieldPoint Petroleum Corp. (www.fppcorp.com) FieldPoint Petroleum Corporation is engaged in oil and gas exploration, production and acquisition, primarily in New Mexico, Oklahoma, Texas and Wyoming. This press release may contain projection and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Any such projections or statement reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and that actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ from those projected, such as decreases in oil and gas prices and unexpected decreases in oil and gas production is included in the company's periodic reports filed with the Securities and Exchange Commission (at www.sec.gov). Contact: FieldPoint Petroleum Corporation, Austin Ray D. Reaves, 512-250-8692 fppc@ix.netcom.com or Elite Financial Communications Group Andrea Strittmatter, 407-585-1080