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SECURITIES AND EXCHANGE COMMISSIONFORM 8-KCurrent report filingFiling Date: 2009-10-08 Period of Report: 2009-10-08SEC Accession No. 0001193125-09-205233(HTML Version on secdatabase.com)FILERGULFPORT ENERGY CORPCIK:874499 IRS No.: 731521290 State of Incorp.:DE Fiscal Year End: 1231Type: 8-K Act: 34 File No.: 000-19514 Film No.: 091111104SIC: 1311 Crude petroleum & natural gasMailing Address14313 NORTH MAY AVENUESUITE 100OKLAHOMA CITY OK 73134Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This DocumentBusiness Address14313 NORTH MAY AVENUESUITE 100OKLAHOMA CITY OK 731344058488807
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 8-KCURRENT REPORTPursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934Date of report (Date of earliest event reported): October 8, 2009GULFPORT ENERGY CORPORATION(Exact Name of Registrant as Specified in Charter)Delaware000-1951473-1521290(State or other jurisdiction(Commission File Number)(I.R.S. Employerof incorporation)Identification Number)14313 North May Avenue,Suite 100,Oklahoma City, Oklahoma73134(Address of principal executive offices)(Zip code)(405) 848-8807(Registrant s telephone number, including area code)Not Applicable(Former name or former address, if changed since last report)Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of thefollowing provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Item 7.01. Regulation FD Disclosure.Representatives of Gulfport Energy Corporation intend to make a presentation at the 2009 Johnson Rice Energy Conference in NewOrleans, Louisiana on Thursday, October 8, 2009 at 8:00 a.m. Central Time. A copy of such presentation is being furnished as Exhibit 99.1 tothis Current Report on Form 8-K.Item 9.01. Financial Statements and lfport Energy Corporation s presentation at the 2009 Johnson Rice Energy Conference in New Orleans, Louisiana onOctober 8, 2009.Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
SIGNATUREPursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalfby the undersigned thereunto duly authorized.GULFPORT ENERGY CORPORATIONDate: October 8, 2009By:/s/MICHAEL G. MOOREMichael G. MooreChief Financial OfficerCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Exhibit IndexExhibitNumber99.1DescriptionGulfport Energy Corporation s presentation at the 2009 Johnson Rice Energy Conference in New Orleans, Louisiana on October 8,2009.Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Exhibit 99.1Gulfport Energy CorporationJohnson Rice Energy ConferencethOctober 8 , 2009Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Forward-Looking StatementThis presentation includes forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended (the Securities Act ), and Section 21E of the SecuritiesExchange Act of 1934, as amended (the Exchange Act ). All statements, other than statements ofhistorical facts, included in this presentation that address activities, events or developments thatGulfport expects or anticipates will or may occur in the future, including such things as future capitalexpenditures (including the amount and nature thereof), business strategy and measures toimplement strategy, competitive strength, goals, expansion and growth of Gulfport s business andoperations, plans, market conditions, references to future success, reference to intentions as tofuture matters and other such matters are forward-looking statements. These statements are basedon certain assumptions and analyses made by Gulfport in light of its experience and its perception ofhistorical trends, current conditions and expected future developments as well as other factors itbelieves are appropriate in the circumstances. However, whether actual results and developmentswill conform with Gulfport s expectations and predictions is subject to a number of risks anduncertainties, general economic, market, business or weather conditions; the opportunities (or lackthereof) that may be presented to and pursued by Gulfport; competitive actions by other oil and gascompanies; changes in laws or regulations; and other factors, many of which are beyond the controlof Gulfport. Information concerning these and other factors can be found in the company s filingswith the Securities and Exchange Commission, including its Forms 10-K, 10-Q and 8-K.Consequently, all of the forward-looking statements made in this presentation are qualified by thesecautionary statements and there can be no assurances that the actual results or developmentsanticipated by Gulfport will be realized, or even if realized, that they will have the expectedconsequences to or effects on Gulfport, its business or operations. We have no intention, anddisclaim any obligation, to update or revise any forward-looking statements, whether as a result ofnew information, future results or otherwise.1Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Gulfport TodayCompany OverviewMap of OperationsTicker:Market Cap¹:Acreage:Canadian Oil Sands127,941 Net AcresBakken ShaleAcreage: 900 Net Acres 342 MM42.67 MM Shares x 8.01 Per ShareThailandAcreage: 4,000,000 Gross AcresReserves: 3.5 Net BcfGas19,000 Net BblsOilPermian BasinAcreage: 6,724 Net AcresReserves: 8.395 MMBoeSouthern LouisianaAcreage: 13,493 Net AcresReserves: 16.259 MMBoeEnterprise Value¹: 400 MMPortfolio Highlights 25.5 MMBOE Net Proved Reserves at YE 08 2009 Forecasted Production of 1.65 to 1.75MMBOE Forecasted YE 09 Reserves of 25.5 MMBOE² 15-Year Reserves to Production Ratio 250 Net Identified Drilling Locations²2 Estimate 1.19 MMBOE produced through 9/20/09 Approximately 97% Oil & Liquids Position in the Canadian Oil Sands ProvidesUpside Beyond Proved Reserves¹ Calculated as of the close of the market on 10/2/09 at a price of 8.01 per share using 2Q 09 shares outstanding, short-term and long-termdebt, and cash and cash equivalents from the company s second quarter 2009 financial statements² 2009 internal reserve estimates based upon current strip pricing held constant and not new SEC pricing regulationsCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Key Investment ConsiderationsGulfport has a diverse portfolio of oil-weighted assetsOILActive in Southern Louisiana and the Permian, two of America smost prolific oil producing basinsLong-term leases in the Canadian Oil Sands provide long-termoptionallity in the largest oil play in the world outside Saudi ArabiaApproximately 97% oil and liquids weighted production profileGulfport s large captured resource and high rate of returnopportunities drive visible growth for the foreseeable futureGrowthMulti-year drilling inventory exploitable from within cash flowFirst oil sands project projected to come online in 2012, with eachsubsequent project bringing the potential for significant reserveand production growthTrack record of opportunistic acquisitions provides additionalupside3Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Balance SheetDeclining Levels of Debt 120ST & LT Debt 100 80 60 95.9 40 70.7 65.0 64.8 55.6 20 009/30/0812/31/083/31/096/30/200942% reduction in debt since 9/30/084Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document9/30/09E
Cost EnvironmentThe combined effect of increased commodity pricing and reduced drilling andcompletion costs has allowed Gulfport to resume drilling in earnest againSL340 #989(June 2009)Mobilization/DemobilizationDrilling Costs-DayworkMarine Services, TugsDirectional ServicesCement & Cementing ServicesCompletion Rig & Swab UnitSurface Casing5½ Production Casing 10,00019,0003,3006,00060,00012,00019.5010.60per jobper dayper dayper dayper jobper dayper footper footSL340 #981(October 2008) 35,000 per job 34,000 per day 5,200 per day 18,000 per day 100,000 per job 17,500 per day 44.00 per foot 23.00 per foot% Decrease-71%-44%-37%-67%-40%-31%-56%-54%Not only have costs been reduced, but access to quality crews and labor hasalso dramatically improved, reducing the risk for potential cost overruns5Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Valuing GulfportGulfport is highly leveraged to oil and is presently tradingat a discount to its current PV-10 value which assigns novalue to its position in the Canadian Oil SandsAt year-end 2007Gulfport s PV-10value was 821 MMbased on a pricedeck of 92.50 perbarrel WTI and6.80 per MCFHenry HubYear-End 20076Due to pricerevisions at year-end2008, Gulfport lost3.0 MMBOE ofproved reservescausing its PV-10value to be reducedto 126 MM basedon a price deck of 41.00 per barrelWTI and 5.71 perMCF Henry Hub 126 MMYear-End 2008As of mid-year2009 Gulfport sestimates it sPV-10 value tohave increased toOil sandsprovidesignificantupsideand port s OilSands Cost BasisTotals 40 MM 515 MM¹based on thecurrent strip of 75.00 per barrelWTI and 5.35 perMCF Henry HubMid-Year 2009¹ 2009 internal reserve estimates based upon current strip pricing held constant and not new SEC pricing regulationsCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This DocumentProjectedFirstProduction2012
Gulfport in the Scope of Canada s Oil Sands Gulfport holds an interest inapproximately 127,941 netacres¹ of oil sands leases The Canadian oil sands ofAlberta are the world slargest oil play outside ofSaudi Arabia withapproximately 173 billion²barrels of oil proven to berecoverable using today stechnology The Athabasca region of theCanadian oil sands playtotals 10.4 MM acres andGulfport s acreage¹represents approximately1% of the play7¹ Gulfport s position in the Canadian Oil Sands comes by way of its 24.9999% interest in Grizzly Oil Sands, ULC² http://oilsands.alberta.ca/519.cfmCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Unlocking Value in the Canadian Oil Sands On August 31, 2009 Athabasca Oil Sands Crop (AOSC) and PetroChina announced a dealwhereby PetroChina will acquire 60% of AOSC sDover and MacKay River oil sands projects1AOSC - PetroChina Deal180,000 Net Acres@ 9,650 Per Acre 1.74 BillionNO PRODUCTIONCanadian Oil Sands AcreageNet to Gulfport s Interest127,941 Acres²50 Kilometers31.1 MilesA large portion of Gulfport sacreage² is located directlyadjacent or surrounding to theacreage included in theAOSC PetroChina dealAOSC PetroChina Deal Provides Additional Valuation Metrics for Gulfport s Acreage²8¹ AOSC PetroChina acreage shown on map depicts only acreage included in the August 31, 2009 transaction and is only a portion ofAOSC s overall acreage in the Canadian oil sands.² Gulfport s position in the Canadian Oil Sands comes by way of its 24.9999% interest in Grizzly Oil Sands, ULCCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Unlocking Value in the Canadian Oil Sands (cont.)1,2,3 50,000 acres net toGulfport s interest¹arelocated in the directvicinity of theAOSC PetroChinaacreage This portion ofacreage has wellcontrol from: 278 wells on orwithin 1 section ofthe acreage 578 wells on orwithin 3 sections ofthe acreage Internal estimates³ oforiginal oil in place onits acreage in directvicinity of the AOSCPetroChina acreagerepresents 19% of thenet original oil in placesold in the AOSCPetrochina deal9AOSC - PetroChinaAcreageNet Lease Bonuses²Gross Core Holes Drilled by OperatorGross Existing Well Control on AcreageInternal Estimate of Net Original Oil In Place³ /Acre from Precedent AOSC-PetroChina TrasnactionAcreage Value C 111 MM C 16 MM267 Core Holes55 Core Holes140 Wells100 Wells 3.90 Billion Bbls 0.73 Billion Bbls 9,650 1.7 Billion 483 Million¹ Gulfport s position in the Canadian Oil Sands comes by way of its 24.9999% interest in Grizzly Oil Sands, ULC² AOSC PetroChina acreage shown on map depicts only acreage included in the August 31, 2009 transaction³ Grizzly s internal estimate of OOIP net to the AOSC-PetroChina 60% joint venture and Gulfport s 24.9999% proportionate interest.Isopach map and OOIP estimates are the products of Grizzly s internally generated estimates and assumptionsCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This DocumentGulfport Acreage InDirect Vicinity
Canadian Oil Sands Historical M&AAnnouncementAcquirorSellerPettrochinaAthabasca Oil SandsNexenOPTI CanadaTargetDateTransaction Working Interest TransactionValueLease SizeValueUS mmAcres /acre60% of Company8/31/2009 1,737180,000 9,65015% Long Lake12/17/2008 73538,880 18,90415% Joslyn Project6/23/2008 500n/an/a& Future DevelopmentsOccidental PetroleumEnerplus ResourcesTotalSynencoSynenco4/28/2008 38150,100 7,605B.P.HuskySunrise J.V.12/5/2007 1,16342,000 27,679Petro Canada /UTS Energy10% of Ft. Hills9/19/2007 7405,982 123,709Western Oil SandsCompany7/31/2007 6,20073,561 84,284Teck ComincoMarathon10MEGParamountSurmont5/31/2007 2817,680 36,536PetrobankMinority Owner16% Whitesands stake5/14/2007 1086,349 16,980StatoilNAOSCCompany4/26/2007 2,000257,200 7,776Teck ComincoUTS Energy50% of Lease 144/19/2007 1773,574 49,559EnerplusKirby Oil Sands Partnership90% of Company3/22/2007 15839,024 4,041ConocoPhillipsEncanaChristina Lake/FosterCreek J.V.10/5/2006 2,800380,000 7,368KNOCNewmontBlackGold7/24/2006 2709,600 28,125Shell CanadaBlackRock VenturesCompany5/8/2006 2,205128,120 17,212TeckComincoUTS Energy15% of Ft. Hills9/6/2005 3586,926 51,722TotalFinaElfDeer CreekCompany8/2/2005 1,25646,771 26,843SinopecSynenco40% interest in NLP5/31/2005 12018,211 6,573CNOOCMEG Energy17% of Company4/12/2005 1225,491 22,145Source: J.S. Herold, company reports and public disclosureCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Developing the Canadian Oil SandsAlgar Lake ProjectAlgar Lake is expected to be the site of Grizzly s¹first oil sands production facilityGrizzly¹ plans to develop Algar Lake employing amethod of in-situ extraction called Steam AssistedGravity Drainage (SAGD) to produce theleaseholdExpected capital requirements and timing: Anticipated capital cost of approximately C 100million, or C 25 net to Gulfport, spread over aperiod of approximately 2 yearsExpect to file regulatory application by year-end2009 and first production by mid-to-late 2012Production and resource potential for first phase:Production potential of approximately 1.8million barrels per year, with approximately 0.45million barrels net to Gulfport²Resource potential of approximately 50 to 100million barrels per facility, with approximately12.5 to 25 million barrels net to Gulfport²attributable to equity investment Expect third-party report to confirmestimates by year-end 2009Why develop Algar Lake first?Low Geologic Risk Will be developing the sametype McMurray Channel sands as found in nearbyJACOS & Connacher producing SAGD projects(Ave. Porosity: 33%, Ave Oil Saturation: 80%)Proximity to Infrastructure Nearby access to theHighway 63 road and pipeline corridor. Existingnatural gas and electric transmission lines withinone mile of initial project area.11¹ Gulfport owns a 24.9999% interest in Grizzly Oil Sands, ULC² Gulfport s position in the Canadian Oil Sands comes by way of its 24.9999% interest in Grizzly Oil Sands, ULC³ Isopach map is the products of Grizzly s internally generated estimates and assumptionsCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Canadian Oil Sands EconomicsGeneric SAGD Facility Economics¹Pre-Tax Net Present Value Sensitivities to the Gross 100% Working Interestfor First Phase SAGD ProjectAssumptions 350WTI / NYMEX Gas RatioAECO Gas as % of Henry HubWellhead Bitumen Price as % of WTINameplate Production CapacityTotal CAPEXGas ConsumptionAnnual Non-Fuel Operating CostAnnual Maintenance CAPEXTotal Estimated Recovery15-to-190%70%5,000 Bbls/dC 100 - 125 MM1.6 Mcf/BblC 10 MMC 4 MM 286 300 250 209 200 150 114 100 50 50 75 100West Texas Intermediate (US /BBL)Pre-Tax Internal Rate of Return Sensitivities to the Gross 100% Working Interestfor First Phase SAGD Project50 - 100 MMBbls60%51%50%40%40%30%27%20%10%0% 50 75West Texas Intermediate (US /BBL)12¹ Internal estimatesCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document 100
Permian BasinGross EstimatedUltimate Recovery2009 Activity UpdateGPOR: 110-145 MBOE3PeersCXO: 140-150 MBOEPXD: 120-150 MBOEDVN: 150 MBOE Currently hold 6,724 net acres Acquired an 2,127 net acres during 2Q 09Recently added an additional 287 net acresCurrently shooting seismic on much ofrecently acquired acreageHave identified approximately ten net wellswith up-hole opportunities that couldpotentially add incremental productionPlan to drill approximately one net well inthe Permian during 2009Inventory Net proved reserves of 8.40 MMBOE¹ 6,724 net acres and 136 net identified futuredrilling locations on 40-acre units easehold13100% third party engineeredProduction² Average net production of 619 BOEPDProduces approximately 15% of Gulfport s totalnet production82% oil and NGL weighted production mix¹ 12/31/08² Three months ended 6/30/09³CXO: 140-150 MBOE Gross (Q2 09 Earnings Call); PXD: 120-150 MBOE Gross (September 2009 Presentation, Pg. 22);DVN: 150 MBOE Gross (Q2 09 Earnings Call)Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Permian BasinGeneric Wolfberry Well EconomicsReservesNet Reserves¹OilGas & NGLs90,000 - 110,000 BOE64%36%Drill & Complete Cost WTI / NYMEX Gas Ratio1.2 MM15-to-1Internal Rate of Return SensitivitiesAfter Drill PV-10 Value Sensitivities 4.5200% 4.0175%180% 4.0160% 3.5140% 2.9 3.0 3.3120%120%100%85% 2.5 2.080% 1.8 2.460%40% 1.5 1.520% 1.0 50 75 10030%20%0% 50West Texas Intermediate ( /BBL)90 MBOE Net EUR1460% 75 100West Texas Intermediate ( /BBL)110,000 BOE Net EUR¹ Permian Peer Gross EUR s: CXO: 140-150 MBOE; PXP: 120-130 MBOE; DVN: 150 MBOECopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document90,000 BOE Net EUR110,000 BOE Net EUR
West Cote Blanche Bay2009 Activity Update Began 2009 drilling program on June 5 thPlan to drill approximately 8 to 10 wells atWest Cote during 2009Inventory Net proved reserves of 13.40 MMBOE¹ Estimated YE 09 Reserves of 13.58MMBOE³ West Cote Blanche Bay Production Facilities100% third party engineeredProduction² Well EconomicsAverage net production of 3,052 BOEPDProduces approximately 72% of Gulfport stotal net production 100% oil weighted production mix Priced as high quality HLS crude and soldat a premium to WTI Capital cost of approximately 1.39 MMInternal Rate of Return 55% ( 65.00 Oil, 4.00 Gas)78% ( 75.00 Oil, 5.00 Gas) 100% ( 85.00 Oil, 6.00 Gas)Deep prospective gas opportunities at West Cote Blanche Bay15¹ 12/31/08² Three months ended 6/30/09³ 2009 internal reserve estimateCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Hackberry2009 Activity Update Entered into a joint exploration agreementcovering approximately 3,058 net acresadjacent to the East Hackberry field Represents a significant increase infootprint at Hackberry, growing Gulfport sacreage position by approximately 39%Plan to drill approximately 4 wells atHackberry during 2009Well Cost Capital cost of approximately 1.45 MM per wellInventory 16Production²Proved reserves of 2.86 MMBOE¹13 preliminarily permitted drilling locationsProprietary 42 square mile 3-D seismicsurvey shot in 2005 Average net production of 539 BOEPDProduces approximately 13% of Gulfport stotal net production94% oil weighted production mix¹ 12/31/08² Three months ended 6/30/09Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Appendix17Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Hedged ProductionGulfport Energy CorporationFixed Price Contracts¹2009Gulfport Energy CorporationFixed Price Contracts¹2010MonthWeighted AverageDaily PriceBarrels er-09December-09 55.17 55.17 54.81 54.81 54.81 54.813,0003,0003,0003,0003,0003,000MonthWeighted AverageDaily PriceBarrels er-10December-10 54.81 54.81 58.24 58.24 58.24 58.24 58.24 58.24 58.24 58.24 58.24 2,3002,3002,3002009Q1Fixed Price ContractsVolume (Bbl)Weighted Average Price (Bbl) Q2- 273,00055.17Q3 276,00055.05Q4 276,00054.81Total 825,00055.012010880,800 57.55Hedges represent a potential mark-to-market hedging loss of approximately 14.7 million¹18¹ Hedges structured as physical contracts in place directly with Gulfport s crude oil purchaser² Hedges marked-to-market based upon 9/25/09 strip pricingCopyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Bakken Shale Bakken Shale 900 net acresLocated in Montana, North Dakota, SouthDakota and Saskatchewan, the Bakkenformation covers over 200,000 square milesof the subsurface of the Williston Basin In April 2008, the USGS released a reportestimating there to be 3.0 to 4.3 billion barrels ofundiscovered, technically recoverable oil in theBakken formation Based upon the identified geologic trends,Gulfport began actively pursuing acreageearly in the play s development, effectivelyachieving first mover advantagesNew technology is key to field development In 1H 09, Gulfport monetized 12,270 netacres of leases in the Bakken for 13.0million Extensive vertical faulting combined with theapplication of horizontal drilling techniques andadvancements in fracturing technology havehelped drive development 6,740 net acres remained, kept interests in 4gross wells, and retained up to a 7.5% ORRI inthe acreage sold, proportionately reduced toGulfport s ownership interest after delivering80% NRI to the purchaserIn 2H 09, Gulfport monetized 5,721 netacres of leases in the Bakken for 5.75million Retained 900 net acres, interests in 4 grosswells, and up to a 2.5% ORRI in the acreagesold, proportionately reduced to Gulfport sownership interest after delivering 81% NRI tothe purchaser19Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
ThailandThrough an indirect equity investment in APICO,Gulfport has gained exposure to a natural gas play innortheast Thailand Third party engineers Gaffney Cline credit wells producing inthe Phu Horm gas field with approximately ½ TCF¹ ofreservesNet to Gulfport s interest, total proved reserves areestimated to be 3.5 Bcf of natural gas and 19,000barrels of oilExploratory potential of four concession blockstotaling approximately 4 MM acres providessignificant upside APICO has identified several high-quality exploration targetsGross production in the Phu Horm gas field, of whichGulfport indirectly owns 0.7%, averaged 83 MMcf perday of natural gas and 433 Bbls per day of oil in 2008Long-term gas sales contract in place with Thaigovernment in place, locking in favorable pricing Pricing tied to Singapore Medium Sulfur Fuel Oil (MSFOShoot a 3-D seismic survey of Blocks L27/43 and L16/50 (shown as thelower brown and yellow blocks on the map)20¹ Third party report issued on 12/31/07Copyright 2012 www.secdatabase.com. All Rights Reserved.Please Consider the Environment Before Printing This Document
Representatives of Gulfport Energy Corporation intend to make a presentation at the 2009 Johnson Rice Energy Conference in New Orleans, Louisiana on Thursday, October8, 2009 at 8:00 a.m. Central Time. A copy of such presentation is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Item 9.01. Financial Statements and Exhibits.
