GPOR beats

[setliff]

6:09AM Gulfport Energy beats by $0.03, beats on revs (GPOR) 36.14 : Reports Q4 (Dec) earnings of $0.59 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.56; revenues rose 80.0% year/year to $67.5 mln vs the $59.57 mln consensus. For the fourth quarter of 2011, net production was 617,932 barrels of oil, 186,296 thousand cubic feet of natural gas and 535,354 gallons of natural gas liquids, or 661,728 BOE. estimates 2012 production to be in the range of 3.0-3.2 mln BOE. Capital expenditures for drilling activities and infrastructure projects during 2012 are estimated to be in the range of $215-225 mln.

[setliff]

so where are the negatives that mkt apparently sees???

[dan_s]

I will take a hard look at GPOR tomorrow after our luncheon. I promise to have an updated forecast model by Saturday.

[adamlloyd]

The negative is disappointing results from Thailand, where the TEW-E well may be non-commercial.

Adam