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EX-99 - FIELDPOINT PETROLEUM CORPprbuyback033111.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549



FORM 8-K


CURRENT REPORT



Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):  March 31, 2011


               FIELDPOINT PETROLEUM CORPORATION                
(Exact name of registrant as specified in its charter)



           Colorado           

    001-32624     

   84-0811034  

(State or other jurisdiction of incorporation or organization)

(Commission file number)

(IRS Employer Identification No.)


   1703 Edelweiss Drive, Cedar Park, Texas  78613   
(Address of principal executive offices)    (Zip Code)


Registrant's telephone number, including area code:  (512) 250-8692


_____________________________________________________
(Former name or former address, if changed since last report)



___

Written communications pursuant to Rule 425 under the Securities Act

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act






ITEM 7.01        REGULATION FD DISCLOSURE

ITEM 8.01

OTHER EVENTS


          On March 31, 2011, FieldPoint Petroleum Corporation (the “Company”) issued a press release announcing that its Board of Directors authorized the Company to continue the repurchase of shares of its Common Stock at an aggregate cost not to exceed $250,000.  Stock purchases may be made in open market or privately-negotiated transactions, if and when management determines to effect purchases.  Repurchases shall occur subject to prevailing market conditions and will be funded from available cash.  Repurchases will also be subject to compliance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.




ITEM 9.01:      FINANCIAL STATEMENTS AND EXHIBITS


 

(a)

Exhibit

    
 

Item

Title

   
 

99.1

Press Release dated March 31, 2011.






SIGNATURE


        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



 

FIELDPOINT PETROLEUM CORPORATION

Date:  March 31, 2011

By: _/s/ Ray Reaves _____________

    Ray Reaves, President