Gulfport Energy Corporation Reports 83% Increase in Total Proved Reserves to 1.7 Tcfe, Provides Fourth Quarter 2015 Operational Update
http://www.oilandgas360.com/gulfport-en ... dium=email
GPOR
Re: GPOR
Financial Position and Liquidity
As of December 31, 2015, Gulfport had cash on hand of approximately $113.0 million. In addition, as of December 31, 2015, Gulfport’s revolving credit facility of $700 million was undrawn with outstanding letters of credit totaling $178.6 million.
4th quarter production came in above my forecast. Except for the crappy gas prices in Q4, the operations report was very good.
As of December 31, 2015, Gulfport had cash on hand of approximately $113.0 million. In addition, as of December 31, 2015, Gulfport’s revolving credit facility of $700 million was undrawn with outstanding letters of credit totaling $178.6 million.
4th quarter production came in above my forecast. Except for the crappy gas prices in Q4, the operations report was very good.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group