金沙赌场 Provides Operational Update

俄克拉荷马城，十月. 5, 2011 (GLOBE NEWSWIRE) -- 金沙赌场 (Nasdaq:GPOR) ("Gulfport") today provided an operational update.

2012年大宗商品对冲

Gulfport recently entered into an initial 2012 hedging program consisting of fixed price swaps to sell 732,000桶石油. 从1月1日起, 2012年至12月31日, 2012, Gulfport has entered into fixed price swaps for 2,000桶石油 per day at a weighted average price of $108.00, before transportation costs and differentials. Gulfport's 2012 fixed price swaps hedge Brent crude as the underlying index.

阿尔加 湖 项目监管审查完成

灰熊油砂公司（“灰熊”）, a company in which Gulfport holds an approximate 25% interest, recently announced that Alberta's Energy Resources Conservation Board (ERCB) and Ministry of Environment have completed their review of Grizzly's 阿尔加 湖 Project and have prepared their approval documents. A request has been made to the Government of Alberta to provide an Order-in Council authorizing the ERCB to issue the approval to Grizzly. This is a significant milestone for Grizzly and it is expected that the final approval will be received in sufficient time such that field construction will commence as planned at freeze-up, generally late November or early December. Long lead equipment ordered earlier this year is being received and module fabrication of the central plant has commenced. Completion of the entire project is expected by the end of 2012 with first bitumen production in 2013.

银行再决定

In connection with Gulfport's Fall 2011 redetermination, Gulfport's lead lender has provided a commitment letter increasing its borrowing base from $90 million to $125 million, subject to the approval of the other banks within the syndicate.

Additional Acreage Acquired in the Permian Basin

Gulfport recently acquired approximately 600 additional acres in the Permian Basin, increasing its total leasehold position in the play to 15,300净英亩. Gulfport's newly acquired acreage is located in Andrews County with portions offsetting its existing acreage in the county.  

约格尔夫波特

金沙赌场 is an Oklahoma City-based independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast and in the Permian Basin in West Texas. Gulfport has also acquired acreage positions in the Niobrara Formation of Western Colorado and the 尤蒂卡页岩 of Eastern Ohio. 除了, Gulfport holds a sizeable acreage position in the Alberta Oil Sands in Canada through its interest in Grizzly Oil Sands ULC.

前瞻性声明

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, 经修订的（“证券法”）, and Section 21E of the Securities Exchange Act of 1934, 经修订的（“交易法”）. 所有的报表, other than statements of historical facts, included in this press release that address activities, events or developments that Gulfport or Grizzly expect or anticipate will or may occur in the future, including such things as future capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, 竞争优势, 目标, expansion and growth of Gulfport's or Grizzly's business and operations, 计划, 金沙赌场最新网址状况, 提及未来的成功, reference to intentions as to future matters and other such matters are forward-looking statements. These statements are based on certain assumptions and analyses made by Gulfport and Grizzly in light of their experience and perception of historical trends, current conditions and expected future developments as well as other factors they believe are appropriate in the circumstances. 然而, whether actual results and developments will conform with Gulfport's and Grizzly's expectations and predictions is subject to a number of risks and uncertainties, 总体经济, 金沙赌场最新网址, credit or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Gulfport or Grizzly; 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 or Grizzly. Information concerning these and other factors can be found in the Company's filings with the Securities and Exchange Commission, 包括10-K表格, 10-Q和8-K. 因此, all of the forward-looking statements made in this press release are qualified by these cautionary statements and there can be no assurances that the actual results or developments anticipated by Gulfport and Grizzly will be realized, 或者即使实现了, that they will have the expected consequences to or effects on Gulfport, 其业务或运作. 格尔夫波特没有这个打算, 并放弃任何义务, to update or revise any forward-looking statements, 金沙赌场是否金沙赌场是新信息的结果, 未来结果或其他.

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发布于2011年10月5日