6:04AM Gulfport Energy launches common stock offering of 4 mln shares by co and one of its stock holders (GPOR) 31.36 : CO announces it has commenced an underwritten public offering of 4 mln shares of its common stock, subject to market and other conditions, of which 2 mln shares will be sold by co and 2 mln shares will be sold by one of its stockholders. Co intends to use its net proceeds from this offering to fund its pending Utica Shale acquisition and for general corporate purposes, which may include expenditures associated with co's 2011 drilling programs. Co will not receive any proceeds from the sale of shares of its common stock by the selling stockholder.
