Energy Prospectus

complete story here---

http://finance.yahoo.com/news/gulfport- ... 08060.html

Gulfport Energy Corporation Reports Fourth Quarter and Year-End 2012 Results
Press Release: Gulfport Energy Corporation

OKLAHOMA CITY, Feb. 26, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (GPOR) today reported financial and operational results for the quarter and year ended December 31, 2012 and provided an update on its 2013 activities.

For the quarter ended December 31, 2012, Gulfport reported net income of $15.9 million on oil and gas revenues of $56.5 million, or $0.28 per diluted share. For the fourth quarter of 2012, EBITDA (as defined below) was $50.8 million and cash flow from operating activities before changes in working capital was $35.5 million.

For the year ended December 31, 2012, Gulfport reported net income of $68.4 million on oil and gas revenues of $248.6 million, or $1.21 per diluted share. For 2012, EBITDA (as defined below) was $191.4 million and cash flow from operating activities before changes in working capital was $178.8 million.

Financial Highlights

•Produced full-year oil and gas sales volumes of 2.57 million barrels of oil equivalent ("BOE") during 2012, a 10% increase over 2011
•Generated $50.8 million of EBITDA in the fourth quarter of 2012, a 19% sequential increase over the third quarter of 2012

Revenues of $56.5 million hit may forecast on the nose. EPS of $0.28 compare to my forecast of $0.22. I will get into the details and update my forecast model tomorrow.

Production in Q1 won't be much higher but then it should take off as MWE gets the Utica Shale gathering system built out. This could be a "game changing" year for GPOR.