Exhibit 99.1
金沙赌场公布2007年第四季度及全年业绩
OKLAHOMA CITY (March 12, 2008) Gulfport 能源公司（纳斯达克股票代码：GPOR）今天公布了2007年第四季度和全年的财务和经营业绩.
For the fourth quarter, Gulfport reported net income of $8.2 million, compared to $5.去年同期为400万美元. 第四季度摊薄后每股收益为0美元.21 on revenues of $30.5 million. 本季度EBITDA（定义见下文）为19美元.1 百万美元，而不金沙赌场是大约10美元.6 million in the fourth quarter 2006. 2007年第四季度营运资本变动前的经营活动现金流总计为18美元.500万美元，而不金沙赌场是大约10美元.1 million in fourth quarter 2006.
去年，格尔夫波特报告的净利润为37美元.800万，比2006年增加了36%. 摊薄后每股收益为 $1.01 on revenues of $106 million. 2007年的EBITDA（定义见下文）为71美元.200万，比2006年金沙赌场提高了66%. 2007年营运资本变动前的经营活动现金流量总计69美元.3 million, a 65% increase from 2006.
Production
For the fourth quarter of 2007, net production was 385,200 barrels of oil and 285,100亿立方英尺（Mcf）的天然气, or 432,700 barrels of oil equivalent (“BOE”). Gulfport今年的净产量达到创纪录的1,500,800桶 石油和天然气816,500立方英尺，即1,636,900桶油当量. 与2006年982,500桶油当量的年净产量相比，2007年的产量增加了67%.
Reserves
Total proved reserves were 25.1 million barrels of oil and 24.20亿立方英尺的天然气，或29.2 million BOE at December 31, 2007. This compares with 23.截至2006年12月31日，探明储量为200万桶. 2007年，公司用于勘探、开发和收购的总支出为2.09亿美元. A table detailing reserves and 产生的总成本可以在本版本的末尾找到.
公司所得税前未来净现金流量的现值 按10%的贴现率（PV10）计算，2007年底估计探明储量约为821美元.2 million. 这比2006年增加了106%. 2007年的价值金沙赌场是根据期末92美元的价格确定的.50 per barrel of oil and $6.80 per Mcf for natural gas.
2008 Operation Update
In Southern Louisiana, 该公司在2008年第一季度钻了三口井，并在West Cote和Hackberry投放了驳船钻机. 今年3月，该公司在二叠纪盆地钻了第一口井，并计划在该油田再增加两个钻井平台. The Company
目前，该公司在Bakken地区共开发了17口井，平均收益为1.4%. 在第一季度，公司进行了第二季度 winter drilling season in Canada.
目前合并生产时间为1月1日至3月10日, 2008 was 325,700 BOE or 4,652 BOE per day.
2008 Guidance
Gulfport’s 2008 production guidance is estimated at 1.9 to 2.1 million BOE. 根据目前的油气带定价，我们预计今年的EBITDA为1.1 - 1.2亿美元. 资本支出估计约为9500万美元之前，任何新的面积或 在运营方面，Gulfport计划在WCBB钻10至12口新井. 我们计划在Hackberry钻4到6口新井. 在路易斯安那州南部，我们计划花费大约4000万美元. 在二叠纪盆地，格尔夫波特计划钻探17至20年 22口净井，花费约3500万美元. 我们计划在巴肯地区投入大约1000万美元，在加拿大投入大约1000万美元. 我们的生产和资本支出将在后端加载. 我们的生产指导金沙赌场是基于 估计约为9500万美元，任何新的面积或资产收购都将金沙赌场是增量.
租赁运营费用预计在这个范围内 of $9.00 to $10.2008年每桶石油当量的价格为100美元. 销售、一般和行政费用估计在3美元之间.00 to $4.2008年每桶石油当量的价格为100美元.
Gulfport CEO Jim Palm stated, “巴肯和二叠纪的收益更有吸引力，因此我们计划缓和在南路易斯安那州的活动. 我们希望能够钻探所有这些机会 可用现金流和现有信贷额度，并预期2008年产量和储量均稳定增长.”
Presentation
在发布2008年指导意见的同时，公司网站上也发布了最新的演示文稿. The presentation can be at hdj.hkang100.com 在“投资者关系”页面的“网络广播和演示”部分.
Conference Call
金沙赌场将于今天上午11点召开电话会议.m. 中央时间讨论其第四季度和2007年全年的财务和运营结果. 有兴趣的人可以通过格尔夫波特的网站www收听电话.hkang100.com or by calling 1-866-679-8035. The passcode for the call is 78805415. 该电话的重播将在两周内拨打1-888-286-8010. The replay passcode is 93564353. 网络直播将在公司网站上存档30天.
About Gulfport
Gulfport Energy Corporation金沙赌场是一家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还通过对Grizzly Oil Sands ULC的投资，在加拿大Alberta Oil Sands拥有相当大的油田面积. In addition, Gulfport参与了北达科他州Williston盆地Bakken区块的许多井的开发.
Forward Looking Statements
This news release includes 《金沙赌场提高》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, 除了对历史事实的陈述, 包括在这个新闻稿，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, including such things as 未来资本支出（包括金额和性质）, 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, 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. 这些陈述金沙赌场是基于格尔夫波特根据其经验和对历史的看法所做的某些假设和分析 trends, 当前状况和预期的未来发展，以及它认为在环境中适当的其他因素. However, 实际结果和发展金沙赌场是否符合格尔夫波特的期望和预测 受若干风险和不确定因素影响, 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. 有关这些和其他因素的信息可以在公司提交给证券交易委员会的文件中找到, including its Forms 10-KSB, 10-QSB and 8-K. 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，并不能保证格尔夫波特预期的实际结果或发展将金沙赌场是正确的 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, 更新或修改任何前瞻性陈述, whether as a 新信息的结果，未来的结果或其他.
Non-GAAP Financial Measures
EBITDA金沙赌场是非公认会计准则的财务指标，等于净收入, 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. 经营现金流量金沙赌场是非公认会计准则的财务指标，等于资产和负债变动前经营活动产生的现金流量. 公司已提出EBITDA，因为它使用EBITDA作为其内部的一个组成部分 报告以衡量其绩效并评估其高级管理人员的绩效. EBITDA被认为金沙赌场是公司业务运营实力的重要指标. EBITDA消除了不均衡的影响 大量的非现金消耗, 有形资产折旧及部分无形资产摊销. A limitation of this measure, however, 金沙赌场是否没有反映某些资本化有形资产的定期成本 在公司业务中用于产生收入的无形资产. 管理层通过其他财务措施评估这些有形和无形资产的成本以及相关减值的影响, such as capital 支出、投资支出和资本回报. 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. EBITDA和经营性现金流则不金沙赌场是 打算作为业绩衡量标准的，应视为替代, or more meaningful than, 作为经营业绩指标的净收入或作为流动性衡量标准的经营活动的现金流量. In addition, EBITDA和经营现金流不代表可用于股息的资金, 再投资或其他随意用途, 不应孤立地加以考虑，也不应作为业绩衡量标准的替代品
prepared in accordance with GAAP. 本新闻稿中提出的EBITDA和经营EBITDA指标可能无法与类似标题的指标进行比较 presented by other companies, 并可能与公司各项协议中使用的相应措施不相同.
Investor & Media Contact:
John Kilgallon
Director, Investor Relations
jkilgallon@hkang100.com
405-242-4474
GULFPORT ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
| Three Months Ended December 31, | Twelve Months Ended December 31, | |||||||||||||||
| 2007 | 2006 | 2007 | 2006 | |||||||||||||
| Revenues: |
||||||||||||||||
| Gas sales |
$ | 2,050,000 | $ | 776,000 | $ | 6,043,000 | $ | 4,194,000 | ||||||||
| Oil and condensate sales |
28,760,000 | 16,634,000 | 100,120,000 | 56,038,000 | ||||||||||||
| Other income (expense) |
(337,000 | ) | 177,000 | (325,000 | ) | 158,000 | ||||||||||
| 30,473,000 | 17,587,000 | 105,838,000 | 60,390,000 | |||||||||||||
| Costs and expenses: |
||||||||||||||||
| Lease operating expenses |
5,543,000 | 4,111,000 | 16,670,000 | 10,670,000 | ||||||||||||
| Production taxes |
3,650,000 | 1,944,000 | 12,667,000 | 7,366,000 | ||||||||||||
| 折旧、损耗和摊销 |
9,553,000 | 4,428,000 | 29,681,000 | 12,652,000 | ||||||||||||
| General and administrative |
2,375,000 | 1,019,000 | 5,802,000 | 3,251,000 | ||||||||||||
| Accretion expense |
139,000 | 149,000 | 554,000 | 596,000 | ||||||||||||
| 21,260,000 | 11,651,000 | 65,374,000 | 34,535,000 | |||||||||||||
| INCOME FROM OPERATIONS: |
9,213,000 | 5,936,000 | 40,464,000 | 25,855,000 | ||||||||||||
| OTHER (INCOME) EXPENSE: |
||||||||||||||||
| Interest expense |
1,112,000 | 644,000 | 3,091,000 | 1,956,000 | ||||||||||||
| 业务中断保险赔偿 |
— | — | — | (3,601,000 | ) | |||||||||||
| Interest income |
(180,000 | ) | (112,000 | ) | (523,000 | ) | (308,000 | ) | ||||||||
| 932,000 | 532,000 | 2,568,000 | (1,953,000 | ) | ||||||||||||
| INCOME BEFORE INCOME TAXES |
8,281,000 | 5,404,000 | 37,896,000 | 27,808,000 | ||||||||||||
| INCOME TAX EXPENSE: |
64,000 | — | 121,000 | — | ||||||||||||
| NET INCOME |
$ | 8,217,000 | $ | 5,404,000 | $ | 37,775,000 | $ | 27,808,000 | ||||||||
| Basic |
$ | 0.21 | $ | 0.16 | $ | 1.03 | $ | 0.85 | ||||||||
| Diluted |
$ | 0.21 | $ | 0.16 | $ | 1.01 | $ | 0.82 | ||||||||
| 基本加权平均流通股 |
38,928,001 | 33,254,620 | 36,774,163 | 32,789,280 | ||||||||||||
| 摊薄加权平均流通股 |
39,603,819 | 34,268,329 | 37,451,098 | 33,936,074 | ||||||||||||
GULFPORT ENERGY CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)
| December 31, 2007 |
December 31, 2006 |
|||||||
| Assets |
||||||||
| Current assets: |
||||||||
| Cash and cash equivalents |
$ | 2,764,000 | $ | 6,627,000 | ||||
| Accounts receivable—oil and gas |
10,510,000 | 7,585,000 | ||||||
| Insurance settlement receivables |
— | 541,000 | ||||||
| Accounts receivable—related parties |
2,208,000 | 4,202,000 | ||||||
| 预付费用及其他流动资产 |
1,346,000 | 972,000 | ||||||
| Total current assets |
16,828,000 | 19,927,000 | ||||||
| Property and equipment: |
||||||||
| 石油和天然气资产，全成本会计， |
484,487,000 | 250,838,000 | ||||||
| Other property and equipment |
7,108,000 | 6,651,000 | ||||||
| 累积损耗、折旧及摊销 |
(129,496,000 | ) | (99,815,000 | ) | ||||
| Property and equipment, net |
362,099,000 | 157,674,000 | ||||||
| Other assets: |
||||||||
| Equity investments |
33,822,000 | 14,363,000 | ||||||
| Other assets |
6,388,000 | 3,187,000 | ||||||
| Total other assets |
40,210,000 | 17,550,000 | ||||||
| Total assets |
$ | 419,137,000 | $ | 195,151,000 | ||||
| Liabilities and Stockholders’ Equity |
||||||||
| Current liabilities: |
||||||||
| 应付帐款及应计负债 |
$ | 39,848,000 | $ | 24,793,000 | ||||
| Asset retirement obligation—current |
480,000 | 480,000 | ||||||
| Current maturities of long-term debt |
808,000 | 835,000 | ||||||
| Total current liabilities |
41,136,000 | 26,108,000 | ||||||
| Asset retirement obligation—long-term |
8,154,000 | 8,378,000 | ||||||
| 长期债务，扣除当前到期债务 |
65,725,000 | 36,856,000 | ||||||
| Total liabilities |
115,015,000 | 71,342,000 | ||||||
| Commitments and contingencies |
||||||||
| Preferred stock, $.01 par value; 5,000,000 authorized, 30,授权赎回12%的累积优先股, Series A; 0 issued and outstanding |
— | — | ||||||
| Stockholders’ equity: |
||||||||
| Common stock—$.01 par value, 55,000,000 authorized, 42,453,2007年发行和未偿还的有587件，33件,659,759 in 2006 |
424,000 | 337,000 | ||||||
| Paid-in capital |
271,807,000 | 131,610,000 | ||||||
| 累计其他综合收益 |
2,254,000 | — | ||||||
| 留存收益（累计亏损） |
29,637,000 | (8,138,000 | ) | |||||
| Total stockholders’ equity |
304,122,000 | 123,809,000 | ||||||
| 总负债和股东权益 |
$ | 419,137,000 | $ | 195,151,000 | ||||
Gulfport Energy Corporation
Reconcilation of EBITDA and Cash Flow
(unaudited)
| Three Months Ended | Twelve Months Ended | |||||||||||||
| December 31, 2007 | December 31, 2006 | December 31, 2007 | December 31, 2006 | |||||||||||
| Net Income |
$ | 8,217,000 | $ | 5,404,000 | $ | 37,775,000 | $ | 27,808,000 | ||||||
| Interest expense |
1,112,000 | 644,000 | 3,091,000 | 1,956,000 | ||||||||||
| Income tax expense |
64,000 | — | 121,000 | — | ||||||||||
| Accretion expense |
139,000 | 149,000 | 554,000 | 596,000 | ||||||||||
| 折旧、损耗和摊销 |
9,553,000 | 4,428,000 | 29,681,000 | 12,652,000 | ||||||||||
| EBITDA |
$ | 19,085,000 | $ | 10,625,000 | $ | 71,222,000 | $ | 43,012,000 | ||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||
| December 31, 2007 | December 31, 2006 | December 31, 2007 | December 31, 2006 | |||||||||||
| Cash provided by operating activity |
$ | 21,669,000 | $ | 11,587,000 | $ | 68,902,000 | $ | 39,523,000 | ||||||
| Adjustments: |
||||||||||||||
| Changes in assets and liabilities |
(3,184,000 | ) | (1,533,000 | ) | 430,000 | 2,372,000 | ||||||||
| Operating Cash Flow |
$ | 18,485,000 | $ | 10,054,000 | $ | 69,332,000 | $ | 41,895,000 | ||||||
Gulfport Energy Corporation
石油和天然气勘探和生产活动补充资料
March 12, 2008
Unaudited
| 石油和天然气探明总储量 |
(M BOE | ) | ||
| Proved Reserves |
||||
| December 31, 2006 |
23,159 | |||
| Purchases in place |
6,630 | |||
| Revisions |
(416 | ) | ||
| 扩展、发现和其他补充 |
1,422 | |||
| Sales in place |
— | |||
| Production |
(1,637 | ) | ||
| December 31, 2007 |
29,158 | |||
| 石油和天然气资产收购和开发活动所产生的成本 |
($) | |||
| 2007 | ||||
| Acquisition |
$ | 85,247,000 | ||
| 开发已证实未开发的物业 |
55,930,000 | |||
| Exploratory |
57,668,000 | |||
| Recompletions |
9,875,000 | |||
| 资本化资产退休义务 |
500,000 | |||
| Total |
$ | 209,220,000 | ||
Gulfport Energy Corporation
Production Schedule
(Unaudited)
| 4Q2007 | 4Q2006 | 2007 | 2006 | |||||||||
| Production Volumes: |
||||||||||||
| Oil (MBbls) |
385.2 | 270.3 | 1,500.8 | 869.7 | ||||||||
| Gas (MMcf) |
285.0 | 124.4 | 816.5 | 676.8 | ||||||||
| Oil Equivalents (MBOE) |
432.7 | 291.0 | 1,636.9 | 982.5 | ||||||||
| Average Realized Price: |
||||||||||||
| Oil (per Bbl) |
$ | 74.66 | $ | 61.53 | $ | 66.71 | $ | 64.43 | ||||
| Gas (per Mcf) |
$ | 7.19 | $ | 6.24 | $ | 7.40 | $ | 6.20 | ||||
| Oil Equivalents (BOE) |
$ | 71.20 | $ | 59.82 | $ | 64.86 | $ | 61.30 | ||||
Gulfport Energy Corporation
Forward Sales Contracts
As of March 12, 2008
| Month |
Average Weighted Price |
Barrels | |||
| January-08 |
$ | 70.29 | 3500 | ||
| February-08 |
$ | 70.29 | 3500 | ||
| March-08 |
$ | 70.29 | 3500 | ||
| April-08 |
$ | 70.29 | 3500 | ||
| May-08 |
$ | 70.29 | 3500 | ||
| June-08 |
$ | 71.69 | 3500 | ||
| July-08 |
$ | 81.37 | 3000 | ||
| August-08 |
$ | 82.44 | 3000 | ||
| September-08 |
$ | 82.20 | 3000 | ||
| October-08 |
$ | 82.20 | 3000 | ||
| November-08 |
$ | 82.20 | 3000 | ||
| December-08 |
$ | 82.20 | 3000 | ||
| January-09 |
$ | 84.62 | 2500 | ||
| February-09 |
$ | 84.62 | 2500 | ||
| March-09 |
$ | 84.62 | 2500 | ||
| April-09 |
$ | 84.62 | 2500 | ||
| May-09 |
$ | 84.62 | 2500 | ||
| June-09 |
$ | 84.62 | 2500 | ||
| July-09 |
$ | 84.62 | 2500 | ||
| August-09 |
$ | 84.62 | 2500 | ||
| September-09 |
$ | 84.62 | 2500 | ||
| October-09 |
$ | 84.62 | 2500 | ||
| November-09 |
$ | 84.62 | 2500 | ||
| December-09 |
$ | 84.62 | 2500 | ||