Energy Prospectus

Gulfport recently beat expectations with its fourth quarter and year-end 2012 results, with oil and gas sales volumes of 2.57 million barrels of oil equivalent during 2012, up 10 percent in 2011. Recently, the company has been working to perform even better, adding a third drilling rig in Ultica Shale and improving its transportation chains. Furthermore, Gulfport Energy ended 2012 with total proved reserves of 13.88 million BOE, consisting of 8.25 barrels of oil. Seeing its potential, analysts at SunTrust raised their price target on Gulfport Energy shares from $60 to $62 and reiterated their Buy rating. In the long run, the company's continued investments in the Ultica Shale may pay off and proves encouraging. The Full Research Report on Gulfport Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [ http://www.investors-alliance.com/r/ful ... /87c8_GPOR ]

I spent most of today working on our updated company profile for Gulfport Energy. GPOR is up more than 270% since being added to the Sweet 16 on 1-1-2010. It is going to report incredible production growth this year as they will be completing high volume horizontal Utica Shale wells to sales in bunches. The company's production is expected to double from Q1 to Q2.

I will send out a Flash Alert on GPOR tomorrow. This one has a lot of upside for us.

Dan, Does GPOR have transportation locked up for their coming Alberta production? I read somewhere one such company, not GPOR, had put in rail facilities and contracts prior to production. This same article stated that the savings on Dilbit (sp?) were more than the added costs of rail transportation vs pipeline.

As an aside - does not dilbit count as revenue on the receiving end?

Bob

Go to the Gulfport website and look at their last investor presentation. There are several slides about how they plan to get the Alberta production to market via rail. They are also busy on getting their Utica Shale production to the best markets.

IMO there is nothing in the GPOR share price for the HUGE potential they have in the oil sands. First production late this summer and it will ramp up quickly.

I don't understand your last question. Can you clarify?

I don't understand your last question. Can you clarify?

"This same article stated that the savings on Dilbit (sp?) were more than the added costs of rail transportation vs pipeline.

As an aside - does not dilbit count as revenue on the receiving end?"

My understanding is that if bitumen is to be pipe lined it must be diluted with a lighter hydrocarbon. This diluent is call dilbit.

www.en.wikipedia.org/wiki/Dilbit

This dilbit is a cost on the shipping end. As it is a hydrocarbon - must be a revenue on the sales end. I was curious how the cost vs revenue balance worked out.

Bob

Yes, both the cost of the condensate needed to dilute bitumen and the sales at the end of the pipeline will run through the income statement.

GPOR is hoping to get their condensate from the Utica Shale up to Alberta where it sells at a premium. They discussed this issue in their conference call.