Fieldpoint Petroleum Corp. reported the drilling of the Ranger Unit 8A #1H with Riley Exploration Group of Blanchard, OK. Completion and fracking of the well is to begin this week.

The Ranger Project will primarily focus on drilling horizontal Taylor Sand wells in the Serbin Field, located in Lee and Bastrop Counties, Texas. The project plan calls for up to twelve horizontal wells to be drilled in 2014, and also includes a revitalization of existing vertical wells, which could result in significant increases in production. The total number of horizontal wells to be drilled over the life of the agreement is yet to be determined.