Exhibit 99.1

 

Gulfport Energy Corporation

  FOR IMMEDIATE RELEASE

14313 N. May Avenue, Suite 100

 

Oklahoma City, OK 73134

 

Phone: (405) 848-8807

 

Fax: (405) 848-8816

 

For Further Information

 

Contact: Jim Palm

 

(405) 848-8807, Ext. 179

 

金沙赌场报告了钻井计划和飓风丽塔影响的最新情况

OKLAHOMA CITY, Feb. 17, 2006 — Gulfport Energy Corporation (OTC Bulletin Board: GPOR), reports update on Drilling Program and Effects of Hurricane Rita.

Hurricane Rita / Facilities Update

On September 26, 2005, Gulfport能源公司(“Gulfport”)宣布其位于Cameron Parish的Hackberry油田遭到破坏, Louisiana and its WCBB field located in St. Mary Parish, Louisiana as a result of Hurricane Rita, a Category 5 hurricane which hit land on September 24, 2005. 2005年9月21日,为了应对飓风,格尔夫波特的两个油田都关闭了. On February 5, 2006年,格尔夫波特开始将其部分WCBB生产重新上线. 格尔夫波特公司认为,其保险范围将充分覆盖其设施和平台的损失.

At Hackberry, 在飓风丽塔关闭之前的产量约为282净桶油当量/天(“BOEPD”)。. Production was reestablished in November 2005, and during January 2006 这些井的平均净BOEPD约为238,只有一个小设施仍需要维修. 在飓风丽塔关闭之前,WCBB的产量约为2144净BOEPD. Repairs have been made to our main tank battery and the 该油田57口活动井中有11口目前正在生产. Gulfport已经完成了对处理公司约50%产量的设施的维修,预计剩余的 Gulfport的生产设施将于2006年第二季度投产. As a result of the hurricane damage to the production facilities, 2005年至2006年期间钻探的9口井尚未完工. Production 这些井已经下了套管,Gulfport预计将在第二季度完成完井并投产.

West Cote Blanche Bay Field Drilling Program

Gulfport owns a 100% gross working interest (“GWI”) and 79.West Cote Blanche Bay(“WCBB”)在其5年内的44%净收入权益(“NRI”),522英亩州租约340从所有生产区间到基地 13,900’ Sand and a 40.4% GWI and 29.95% NRI below the 13,900’ Sand. 自1940年发现以来,WCBB已生产了约2.3亿桶油当量(BOE).

2005年,Gulfport在WCBB钻了17口井,并重新完成了9口现有井. 在2005年钻探的17口井中,有9口井已完成生产 approximately 1,283 feet of apparent net pay, 由于飓风“丽塔”的影响,目前有6个井正在等待完工,其表观净产层约为640英尺, one is waiting on side-tracking, and one, a shallow wildcat drilled to hold acreage, was unsuccessful. Gulfport目前预计2006年将在WCBB钻22口井,再完井18次. 迄今为止,Gulfport已经在WCBB钻了3口深井和1口浅井. Gulfport expects the three deeper wells (total depth 8,927’ to 9400英尺)的储层将具有生产力,表观净产层约为262英尺. The fourth well, a shallow (2,500’) test well, was dry. 2006年要钻的井大部分金沙赌场是油井,预计也会有产量 associated gas, and have a measured drilling depth of


approximately 9,500’ or less. During the Summer 2006,, Gulfport anticipates drilling a wildcat 12,000’ test targeting the higher-pressure gas zones in the field at a total anticipated well cost of approximately $5.5 million assuming no problems. 如果成功,预计将在2007年进行更深的测试,然后进行更多的深钻.

East Hackberry 2006 Drilling Program

Gulfport owns a 100% GWI and an approximate 78.7% NRI interest in about 3,该油田占地150英亩,拥有30多个生产层,自1927年发现以来已生产了约1.2亿桶油当量. During 2005, Gulfport在Hackberry进行了一项42平方英里的3d地震勘探,总成本约为6美元.0 million. 考虑到Hackberry油田的生产金沙赌场是在没有现代地震信息的情况下进行的, Gulfport 新获得的三维金沙赌场将显著金沙赌场提高钻井成功率,我们对此持乐观态度. 新处理的三维地震金沙赌场显示了一些钻井位置, with six locations currently scheduled to be drilled during 2006年,在测量深度约13000英尺处使用定向钻井技术. 三维地震金沙赌场也表明了深层天然气生产和开采的可能性, as a result, Gulfport intends to drill a deep wildcat well during 2007 at a total anticipated well cost of approximately $4.0 million. If productive, multiple offset locations could be drilled.

2006 Guidance

On September 16, 2005, Gulfport announced its guidance for 2006. As a result of the damage and interruption caused by 格尔夫波特飓风丽塔提供以下2006年最新预报:

 

    2006 production estimate of 1,300,000 to 1,400,000 BOE with production increasing during the year, as compared with its previous estimate of 1,450,000 to 1,600,000 BOE. This change 主要与飓风“丽塔”造成的2006年第一季度产量低于预期有关

 

    2006年的资本支出维持在4500万至6000万美元之间. Gulfport has spent $4.8 million in capital expenditures year-to-date.

 

    Lease operating expenditures of $6.00 to $7.00 per BOE for 2006, up from the previously expected $5.50 to $6.00 per BOE mainly related to lower than expected production for the first quarter of 2006 as a result of Hurricane Rita

 

    Selling, general and administrative expense of $1.40 to $1.60 per BOE for 2006 remains unchanged

Liquidity

Gulfport intends to fund its 2006 drilling activity with current cash of approximately $2.0 million, cash flows from operations and borrowings under its $30.0 million credit facility with Bank of America. As of this date, Gulfport has outstanding borrowings of $12.5 million under the credit facility.

About Gulfport

Gulfport金沙赌场是一家独立的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. Gulfport seeks to achieve revenue growth and increase cash flow by undertaking drilling programs each year. The Gulfport website is hdj.hkang100.com.

This news release includes “forward-looking 1933年《金沙赌场》第27A条含义内的声明, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical facts, included in this news release that address activities, events or developments that Gulfport, expects or anticipates 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, competitive


strength, goals, expansion and growth of Gulfport’s business and operations, plans, references to future success, reference to intentions as to future matters and other such matters are forward-looking statements. 这些陈述金沙赌场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, current conditions and expected future 事态发展,以及它认为在具体情况下适当的其他因素. However, 实际的结果和发展金沙赌场是否符合格尔夫波特的期望和预测受到许多风险和 uncertainties, general economic, market 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. Consequently, 本新闻稿中所作的所有前瞻性陈述均受这些警示性陈述的约束,并不能保证实际结果或预期结果 developments anticipated by Gulfport will be realized, or even if realized, 他们会对格尔夫波特产生预期的后果或影响, its business or operations. We have no intention, and disclaim any obligation, to update or revise 任何前瞻性陈述,无论金沙赌场是基于新信息、未来结果还金沙赌场是其他.