Fieldpoint Petroleum Financing
Fieldpoint Petroleum Corp, Corporation just had published form D announcing $796,108 equity financing. This is a new filing. Fieldpoint Petroleum was able to fundraise $398,054 so far. That is 50.00% of the financing offer. The total financing amount was $796,108. The financing document was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $398,054 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fieldpoint Petroleum is based in Texas. The filler’s business is Oil and Gas. The form D was submitted by Phillip Roberson CEO. The company was incorporated more than five years ago. The filler’s address is: 609 Castle Ridge Road, Suite 335, Austin, Tx, Texas, 78746. Phillip Roberson is the related person in the form and it has address: 609 Castle Ridge Road, Ste. 335, Austin, Tx, Texas, 78746. Link to Fieldpoint Petroleum Filing: 000101103416000253.
Analysis of Fieldpoint Petroleum Offering
On average, firms in the Oil and Gas sector, sell 13.77% of the total offering size. Fieldpoint Petroleum sold 50.00% of the offering. The financing is still open. Could this mean that the trust in Fieldpoint Petroleum is high? The average financing size for companies in the Oil and Gas industry is $227,000. The total amount raised is 75.35% bigger than the average for companies in the Oil and Gas sector. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Fieldpoint Petroleum Also
The Form D signed by Phillip Roberson might help Fieldpoint Petroleum Corp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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