<HTML>
<!-- Edgar-valid HTML by InstantEDGAR(TM) - Copyright Advanced Computer Innovations, Inc., 2014-2015 - Validation: OK -->
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY>
<DIV style='margin-left:72pt;width:468pt'>
<P align=center style='font:11.5pt Times New Roman;margin:0'>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. &nbsp;20549</P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><B>FORM 8-K</B></FONT></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><B>CURRENT REPORT</B></FONT></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11pt'>Pursuant to Section 13 or 15(d) of </FONT><BR><FONT style='font-size:11pt'>The Securities Exchange Act of 1934</FONT></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11pt;'>&nbsp;</font></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11pt'>Date of Report (Date of earliest event reported): &nbsp;December 1, 2015</FONT></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11pt;'>&nbsp;</font></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:13.5pt'><B><U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;FIELDPOINT PETROLEUM CORPORATION &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</U></B></FONT><BR><FONT style='font-size:11.5pt'>(Exact name of registrant as specified in its charter)</FONT></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=justify style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<TABLE align='center' style='border-collapse:collapse'><TR><TD valign='top' style='width:202.5pt'><P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><B><U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Colorado&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</U></B></FONT></P></TD><TD valign='top' style='width:121.5pt'><P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><B><U>&#160;&#160;&#160;&#160;</U></B></FONT><FONT style='font-size:11.5pt;color:#000000'><B><U>001-32624&#160;&#160;&#160;&#160;&#160;</U></B></FONT></P></TD><TD valign='top' style='width:125.85pt'><P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><B><U>&#160;&#160;&#160;84-0811034&#160;&#160;</U></B></FONT></P></TD></TR>
<TR><TD valign='top' style='width:202.5pt'><P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>(State or other jurisdiction of incorporation or organization)</FONT></P></TD><TD valign='top' style='width:121.5pt'><P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>(Commission file number)</FONT></P></TD><TD valign='top' style='width:125.85pt'><P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>(IRS Employer Identification No.)</FONT></P></TD></TR>
</TABLE><P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><U>609 Castle Road # 335, Austin TX &nbsp;78746</U></FONT></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'> (Address of principal executive offices) &nbsp;&nbsp;&nbsp;(Zip Code)</FONT></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><U>Registrant's telephone number, including area code: &nbsp;</U></FONT><FONT style='font-size:10.5pt'><U>(512) 250-8692</U></FONT></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><U>_________________________________________</U></FONT><BR><FONT style='font-size:11.5pt'>(Former name or former address, if changed since last report)</FONT></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<TABLE style='border-collapse:collapse'><TR><TD valign='top' style='width:41.4pt'><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>___</FONT></P></TD><TD valign='top' style='width:437.4pt'><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>Written communications pursuant to Rule 425 under the Securities Act </FONT></P></TD></TR>
<TR><TD valign='top' style='width:41.4pt'><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>___</FONT></P></TD><TD valign='top' style='width:437.4pt'><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>Soliciting material pursuant to Rule 14a-12 under the Exchange Act</FONT></P></TD></TR>
<TR><TD valign='top' style='width:41.4pt'><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>___</FONT></P></TD><TD valign='top' style='width:437.4pt'><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</FONT></P></TD></TR>
<TR><TD valign='top' style='width:41.4pt'><P align=justify style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>___</FONT></P></TD><TD valign='top' style='width:437.4pt'><P align=justify style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</FONT></P></TD></TR>
</TABLE><P style='font-family:"Times New Roman";margin:0'>&nbsp;</P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<HR style='page-break-after:always' size=5 color='#000000'>
<P style='font:11.5pt Times New Roman;margin:0;text-indent:-72pt;margin-left:72pt'><kbd style='width:72pt;float:left;margin-bottom:-3px;font-family:"Times New Roman"'><B><U>ITEM 2.04</U></B></kbd><B><U>TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION</U></B></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>On December 1, 2015, &nbsp;FieldPoint Petroleum Corporation (the &#8220;Company&#8221;) received written notification (the &#8220;Notice&#8221;) from Citibank, N.A. (&#8220;Citibank&#8221;) under its Loan and Security Agreement dated as of October 18, 2008 (&#8220;Loan Agreement&#8221;). &nbsp;Pursuant to the Notice, Citibank reduced the Company&#8217;s Credit Borrowing Base, as defined in the Loan Agreement, from $11 million to $5.5 million.</FONT></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>As a result of the redetermination of the Credit Borrowing Base, the Company has a Borrowing Base Deficiency in the amount of $1.55 million (the &#8220;Deficiency&#8221;). &nbsp;As an election under the Loan Agreement, the Company plans to pay and cure the Deficiency in three (3) equal monthly installments of $516,666.67 each due on December 31, 2015, January 31, 2016 and February 28, 2016. These payments will have an adverse impact upon the Company&#8217;s working capital. </FONT></P>
<P align=center style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P align=center style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><B>SIGNATURE</B></FONT></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;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.</FONT></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P>
<TABLE style='border-collapse:collapse'><TR style='height:14.85pt'><TD valign='top' style='width:203.4pt'><P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P></TD><TD valign='top' style='width:265.5pt'><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'><B>FIELDPOINT PETROLEUM CORPORATION</B></FONT></P></TD></TR>
<TR><TD valign='top' style='width:203.4pt'><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>Date: December 16, 2015.</FONT></P></TD><TD rowspan='2' valign='top' style='width:265.5pt'><P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>By_<U><I>/s/ Phillip Roberson____________</I></U></FONT></P><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phillip Roberson, &nbsp;President</FONT></P><P style='font-family:"Times New Roman";margin:0'><FONT style='font-size:11.5pt'>&#160;&#160;</FONT></P></TD></TR>
<TR><TD valign='top' style='width:203.4pt'><P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='top' style='width:203.4pt'><P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P></TD><TD valign='top' style='width:265.5pt'><P style='font-family:"Times New Roman";margin:0'><font style='font-size:11.5pt;'>&nbsp;</font></P></TD></TR>
</TABLE><P style='font-family:"Times New Roman";margin:0'>&nbsp;</P>
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "fp_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 11283}]
{"company-data": {"conformed-name": "FIELDPOINT PETROLEUM CORP", "cik": "0000316736", "assigned-sic": "1311", "irs-number": "840811034", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32624", "film-number": "151290803"}, "business-address": {"street1": "609 CASTLE ROAD", "street2": "SUITE 335", "city": "AUSTIN", "state": "TX", "zip": "78746", "phone": "5122508692"}, "mail-address": {"street1": "609 CASTLE ROAD", "street2": "SUITE 335", "city": "AUSTIN", "state": "TX", "zip": "78746"}}
Form 8-K
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):  December 1, 2015
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.)
609 Castle Road # 335, Austin TX  78746
(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 2.04
TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION
On December 1, 2015,  FieldPoint Petroleum Corporation (the "Company") received written notification (the "Notice") from Citibank, N.A. ("Citibank") under its Loan and Security Agreement dated as of October 18, 2008 ("Loan Agreement").  Pursuant to the Notice, Citibank reduced the Company's Credit Borrowing Base, as defined in the Loan Agreement, from $11 million to $5.5 million.
As a result of the redetermination of the Credit Borrowing Base, the Company has a Borrowing Base Deficiency in the amount of $1.55 million (the "Deficiency").  As an election under the Loan Agreement, the Company plans to pay and cure the Deficiency in three (3) equal monthly installments of $516,666.67 each due on December 31, 2015, January 31, 2016 and February 28, 2016. These payments will have an adverse impact upon the Company's working capital.
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: December 16, 2015.
By_
/s/ Phillip Roberson____________
Phillip Roberson,  President