Gulfport Energy Update

[dan_s]

If the well holds at 50% of this rate it is a heck of a well. High BTU gas and lots of liquids. - Dan
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OKLAHOMA CITY, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (GPOR) (“Gulfport” or the “Company”) today provided an update on recent SCOOP well results. Key highlights include:

•EJ Craddock 8-28X21H produced at a 24-hour initial peak production rate of 19.7 MMcfe per day, comprised of approximately 55% natural gas, 26% oil, and 19% natural gas liquids.

Gulfport recently turned-to-sales one gross (0.65 net) Woodford well located in the wet gas window in central Grady County, Oklahoma. The EJ Craddock 8-28X21H has a stimulated lateral length of 7,961 feet and a 24-hour initial peak production rate of 12.9 MMcf per day and 857 barrels of oil per day. Based upon the composition analysis, the gas being produced is 1,171 BTU gas and yielding 47.0 barrels of NGLs per MMcf of natural gas and results in a natural gas shrink of 16%. On a three-stream basis, the EJ Craddock 8-28X21H produced at a 24-hour initial production peak rate of 19.7 MMcfe per day, which is comprised of approximately 55% natural gas, 26% oil, and 19% natural gas liquids.