AUSTIN, Texas, December 21, 2010 /PRNewswire/ -- FieldPoint Petroleum Corporation announced today that the borrowing base available to the company under its bank line of credit has been increased to $10.5 million. This increase was approved following a routine mid-year engineering review of the line by Citibank.

Ray Reaves, President and CEO of FieldPoint stated, "We are very pleased that Citibank has recognized the size and quality of our growing asset base. In this weak economy, we consider this to be a strong endorsement from our banking partner."