Exhibit 99.1
体育平台公布2010年第一季度业绩
OKLAHOMA CITY (May 6, Gulfport能源公司（纳斯达克股票代码：GPOR）今天公布了2010年第一季度的财务和运营业绩 2010.
2010年第一季度，格尔夫波特报告的净收入为10美元.0 million on oil and gas revenues of $27.3 million, or $0.23 per diluted share. 2010年第一季度EBITDA（定义见下文）为18美元.营运资金（定义见下文）变动前的经营活动现金流量为18美元.0 million.
Financial Highlights
| • | Produced oil and gas sales volumes of 444,209 barrels of oil equivalent (“BOE”), or 4,936 barrels of oil equivalent per day (“BOEPD”), in the first quarter of 2010, 按单位计算，比2009年第四季度环比增长2% |
| • | Generated $18.8 million of EBITDA in the first quarter of 2010, 较2009年第四季度环比增长11% |
| • | Recorded net income of $10.2010年第一季度的销售额为6亿美元，较2009年第四季度环比增长9% |
| • | Reported lease operating expense of $4.2 million, or $9.每桶油当量40美元，一般和管理费用为1美元.4 million, or $3.11 per BOE, in the first quarter of 2010 |
Production
For the first quarter of 2010, net production was 415,644 barrels of oil, 84,51.7万立方英尺（“MCF”）的天然气和608,093 天然气液体加仑（“NGL”），或444,209桶油当量. 按地区划分，2010年第一季度净产量为386辆,334 BOE in Southern Louisiana, 49,144 BOE in the Permian Basin and 8,731 BOE in the Bakken.
2010年第一季度包括运输成本在内的实现价格为63美元.18 per barrel of oil, $5.18 per MCF of natural gas and $1.07 每加仑液化天然气的总价格为61美元.56 per BOE. 2010年第一季度的石油实现价格反映了3个固定价格合同的影响,000桶/天，加权平均价格为54美元.81 during January and 2月，每日2300桶，加权平均价格为58美元.24 during March. For the remainder of 2010, Gulfport has fixed price contracts in place for 2,300 barrels per day at $58.24. Gulfport is currently unhedged for 2011.
2010年4月，Gulfport的平均产量约为4,832 BOEPD. 在5月的前5天，产量增加到 大约5520 BOEPD反映了2010年钻井计划的影响.
Gulfport Energy Corporation
Production Schedule
(Unaudited)
| Production Volumes: | 1Q2010 | 1Q2009 | ||||
| Oil (MBbls) |
415.6 | 400.1 | ||||
| Gas (MMcf) |
84.5 | 79.3 | ||||
| NGL (Gal) |
608.1 | 723.1 | ||||
| Oil Equivalents (MBOE) |
444.2 | 430.6 | ||||
| Average Realized Price: |
||||||
| Oil (per Bbl) |
$ | 63.18 | $ | 42.55 | ||
| Gas (per Mcf) |
$ | 5.18 | $ | 4.83 | ||
| NGL (per Gal) |
$ | 1.07 | $ | 0.63 | ||
| Oil Equivalents (BOE) |
$ | 61.56 | $ | 41.48 | ||
Operational Highlights
| • | 目前有四个钻井平台，覆盖了Gulfport的三个核心区域 |
| • | 在南路易斯安那州共钻了7口成功的井，今年迄今在南路易斯安那州的成功率为100% |
| • | Participated in the drilling of five gross (2.迄今为止，在二叠纪盆地共开发了5口井，其中一口井正在钻探中，一台钻井平台正在建造中 moving to the sixth location |
| • | Acquired an aggregate of approximately 2,400 net acres in the Permian in 2010, 将格尔夫波特在该地区的面积增加到10,612 net acres |
Operations
At West Cote Blanche Bay (“WCBB”), 截至2010年，Gulfport已经成功钻完5口井，目前正在继续钻探 在该油田2010年钻探计划的第6口井，深度为7551英尺. 今年到目前为止，Gulfport已经在该油田进行了26次完井. Gulfport目前预计在2010年期间在WCBB总共钻探19至21口井.
At Hackberry, Gulfport目前正在成功完成两口井，目前正在进行7号井的钻探,097 feet on the third well of its 2010 drilling program at the field. 今年到目前为止，Gulfport已经在Hackberry进行了三次重新完井. Gulfport目前计划在Hackberry的第三口井完成后释放钻井平台，进行生产测试 并全面评估其2010年在该油田钻探计划的结果. 积极的迹象表明，钻机将在今年晚些时候返回油田，钻更多的井.
Gulfport继续扩大其在二叠纪盆地的地位, acquiring an aggregate of 2,400 net acres in 2010, expanding Gulfport’s total acreage position in the play to 10,612 net acres. 2010年4月底，第二个钻井平台签约在Gulfport钻井
在这一年剩下的时间里，种植面积断断续续地增加. 2010年至今，Gulfport已经参与了5个钻井项目.在二叠纪盆地有5口净井，其中一口体育平台是 目前正在钻井，一台钻机正在向第六个位置移动. Gulfport目前预计在2010年期间将在二叠纪盆地共钻探24至26口总井（12至13口净井）.
正如之前宣布的，灰熊队，格尔夫波特在灰熊队拥有24.该公司已向阿尔伯塔省能源保护委员会提交了申请 （“ECRB”）和艾伯塔省环境部（“AENV”）共同开发了11,每天300桶的阿尔加湖油砂项目. Grizzly希望在提交申请的12到18个月内获得监管部门的批准，随后体育平台是一份报告 预计建设周期为18个月，将导致首次生产. Grizzly目前正在将最近发布的来自偏移运营商的公开核心体育平台整合到其地质模型中, analyzing the results, and planning its 2010/2011 winter drilling program.
2010 Guidance
2009年11月5日发布的Gulfport 2010年指导方针保持不变. Gulfport预计2010年的产量将在 1.85 million to 2.05 million BOE. 2010年的资本支出估计在5600万至6200万美元之间，不包括任何新的面积或资产收购. Gulfport计划在WCBB钻19至21口井， Hackberry的3口井和Permian盆地的24 ~ 26口总井（12 ~ 13口净井）. 2010年，Gulfport项目的租赁运营费用将在8美元左右.00 to $9.每桶油当量50英镑，一般费用和管理费用介于两者之间 $2.50 to $3.50 per BOE, production taxes to be between $7.00 to $8.每桶油当量100美元，折旧、消耗和摊销费用在18美元的范围内.00 to $20.00 per BOE.
Presentation
An updated presentation 于2010年5月6日上午发布在公司网站上. The presentation can be found at xmt.yshcgyjzq.com under the “Webcasts & “投资者关系”页面上的“演讲”部分. 本公司网站上的信息不构成本新闻稿的一部分.
Conference Call
格尔夫波特将于今天下午一点召开电话会议.m. CST将讨论其2010年第一季度的财务和运营结果. Interested parties may listen to the call via Gulfport’s website at xmt.yshcgyjzq.com or by calling 1-800-561-2693. The passcode for the call is 56970788. 该电话的重播将在两周内拨打1-888-286-8010. The replay passcode is 98826351. 该网络直播将在公司网站上存档一年，并可在公司的“投资者关系”页面上访问.
About Gulfport
Gulfport Energy 公司体育平台是一家总部位于俄克拉荷马城的独立石油和天然气勘探和生产公司，其主要生产资产位于路易斯安那州墨西哥湾沿岸和德克萨斯州西部的二叠纪盆地. Gulfport also holds a 通过对Grizzly Oil Sands ULC的投资，在加拿大的Alberta Oil Sands占有相当大的面积.
Forward Looking Statements
本新闻稿包括1933年证券法第27A条所指的“前瞻性陈述”, as amended (the “Securities Act”), 以及1934年证券交易法第21E条, as amended (the “Exchange Act”). All statements, other than statements of historical facts, 包括在本新闻稿中，地址活动, 格尔夫波特预计或预计将来会或可能发生的事件或发展, 包括未来资本支出（包括金额和性质）等事项。, 企业战略和实施战略的措施, competitive strength, goals, 格尔夫波特业务和运营的扩张和增长, plans, market conditions, references to future success, 提及有关未来事项和其他此类事项的意向均为前瞻性陈述. 这些陈述体育平台是基于格尔夫波特根据其经验和对历史趋势的看法所做的某些假设和分析, 目前的情况和预期的未来发展以及它认为的其他因素 appropriate in the circumstances. However, 实际结果和发展体育平台是否符合格尔夫波特的期望和预测，受制于许多风险和不确定性, general economic, market, credit or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Gulfport; competitive actions by other oil and gas companies; changes in laws or regulations; and other factors, many of which are beyond the control of Gulfport. 有关这些和其他因素的信息可以在公司提交给美国证券交易委员会的文件中找到, including its Forms 10-K, 10-Q and 8-K. 因此，本文所作的所有前瞻性陈述 这些警告声明限制了新闻发布，不能保证格尔夫波特预期的实际结果或发展将会实现, or even if realized, 他们会产生预期的后果 effects on Gulfport, its business or operations. Gulfport has no intention, and disclaims any obligation, 更新或修改任何前瞻性陈述, whether as a result of new information, future results or otherwise.
Non-GAAP Financial Measures
EBITDA is a non-GAAP financial measure equal to net income, 最直接可比较的GAAP财务指标, plus interest expense, income tax expense, accretion expense and depreciation, depletion and amortization. Cash flow from operating activities 经营性资产和负债变动前体育平台是一项非公认会计准则财务指标，等于经营性资产和负债变动前经营活动产生的现金流量. 该公司已提出EBITDA，因为它使用EBITDA作为一个 作为其内部报告的组成部分，用以衡量其绩效并评估其高级管理人员的绩效. EBITDA被认为体育平台是公司业务运营实力的重要指标. EBITDA eliminates 大量非现金消耗造成的不均衡影响, 有形资产折旧及部分无形资产摊销. 然而，这一措施的一个限制体育平台是，它没有反映某些项目的定期成本 capitalized tangible and
在公司业务中用于产生收入的无形资产. 管理层通过下列方式评估这些有形和无形资产的成本以及相关减值的影响 其他财务指标，如资本支出、投资支出和资本回报率. Therefore, 公司认为，EBITDA为其投资者提供了有关其业绩和整体运营结果的有用信息. 经营资产和负债变动前的EBITDA和经营活动的现金流量不应被视为业绩指标，应被视为替代, or more meaningful than, either net income as an indicator of 经营业绩或将经营活动产生的现金流量作为流动性的衡量标准. In addition, 在经营资产和负债变动之前，EBITDA和经营活动产生的现金流量不代表可用资金 for dividends, reinvestment or other discretionary uses, 不应单独考虑或作为根据公认会计准则编制的业绩衡量标准的替代品. 变动前的EBITDA和经营活动现金流 本新闻稿中提出的经营资产和负债可能无法与其他公司提出的类似标题的措施进行比较, 并可能与公司各项协议中使用的相应措施不相同.
Investor & Media Contact:
Paul K. Heerwagen
Investor Relations
pheerwagen@yshcgyjzq.com
405-242-4888
GULFPORT ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
| Three Months Ended March 31, | ||||||||
| 2010 | 2009 | |||||||
| Revenues: |
||||||||
| Oil and condensate sales |
$ | 26,260,000 | $ | 17,025,000 | ||||
| Gas sales |
438,000 | 383,000 | ||||||
| Natural gas liquids sales |
648,000 | 452,000 | ||||||
| Other income (expense) |
9,000 | (76,000 | ) | |||||
| 27,355,000 | 17,784,000 | |||||||
| Costs and expenses: |
||||||||
| Lease operating expenses |
4,176,000 | 4,987,000 | ||||||
| Production taxes |
3,192,000 | 1,885,000 | ||||||
| Depreciation, depletion, and amortization |
7,925,000 | 7,420,000 | ||||||
| General and administrative |
1,382,000 | 1,136,000 | ||||||
| Accretion expense |
154,000 | 142,000 | ||||||
| 16,829,000 | 15,570,000 | |||||||
| INCOME FROM OPERATIONS: |
10,526,000 | 2,214,000 | ||||||
| OTHER (INCOME) EXPENSE: |
||||||||
| Interest expense |
718,000 | 633,000 | ||||||
| Insurance proceeds |
— | (1,050,000 | ) | |||||
| Interest income |
(173,000 | ) | (102,000 | ) | ||||
| 545,000 | (519,000 | ) | ||||||
| INCOME BEFORE INCOME TAXES |
9,981,000 | 2,733,000 | ||||||
| INCOME TAX EXPENSE: |
— | — | ||||||
| NET INCOME |
$ | 9,981,000 | $ | 2,733,000 | ||||
| NET INCOME PER COMMON SHARE: |
||||||||
| Basic |
$ | 0.23 | $ | 0.06 | ||||
| Diluted |
$ | 0.23 | $ | 0.06 | ||||
| Basic weighted average shares outstanding |
42,699,116 | 42,645,877 | ||||||
| Diluted weighted average shares outstanding |
43,118,210 | 42,957,791 | ||||||
Gulfport Energy Corporation
Reconciliation of EBITDA and Cash Flow
(Unaudited)
| Three Months Ended | |||||||
| March 31, 2010 | March 31, 2009 | ||||||
| Net Income |
$ | 9,981,000 | $ | 2,733,000 | |||
| Interest expense |
718,000 | 633,000 | |||||
| Income tax expense |
— | — | |||||
| Accretion expense |
154,000 | 142,000 | |||||
| Depreciation, depletion, and amortization |
7,925,000 | 7,420,000 | |||||
| EBITDA |
$ | 18,778,000 | $ | 10,928,000 | |||
| Three Months Ended | |||||||
| March 31, 2010 | March 31, 2009 | ||||||
| Cash provided by operating activity |
$ | 14,967,000 | $ | 13,832,000 | |||
| Adjustments: |
|||||||
| Changes in operating assets and liabilities |
3,020,000 | (3,414,000 | ) | ||||
| Operating Cash Flow |
$ | 17,987,000 | $ | 10,418,000 | |||