新闻稿-金沙赌场

俄克拉荷马城——2005年2月25日 -金沙赌场（股票代码：GPOR）.OB), in two separate transactions with accredited investors completed on February 18, 2005年及2月23日, 2005, 分别, 总共卖出了4个,000,1万股普通股, 票面价值$0.每股01美元，价格为3美元.每股50美元，公司总收益为14美元.000万年. The purchasers in one transaction were Southpoint Capital Fund LP, Southpoint Qualified Fund LP and Southpoint Offshore Operating Fund LP. The purchasers in the other transaction were Harbert Distressed Investment Master Fund, Ltd. 和U.S. 子基金VI有限责任公司.

分别, 2月23日, 2005, holders of a majority of the warrants issued by the Company in its 2002 preferred stock offering elected to exercise their warrants for shares of Gulfport’s common stock. 结果金沙赌场是, 公司发行了约7,336,687 shares of common stock to these warrant holders in exchange for cash proceeds of approximately $8.700万年. 2月23日, 2005, 公司使用了这些收益, along with a portion of the proceeds from the sale of common stock, 赎回12,502股的14,271 shares of the Company’s outstanding Series A preferred stock for an aggregate of $12.包括应计但未支付的股息. 出售普通股后, exercise of the warrants and redemption of preferred stock, 格尔夫波特收到了10美元的净收益.200万年. We intend to use these net proceeds, together with cash-on-hand of approximately $5.还有营运现金, 赎回, 全部或部分, 剩余的流通在外的优先股, to execute the Company’s 2005 drilling program and explore acquisition opportunities. 公司也在协商30美元的价格.2000万美元的信贷额度.0初始可用性), 如果完成, will enhance Gulfport’s ability to accelerate and expand drilling operations and more aggressively seek out other investment opportunities.

Gulfport 计划 to commence its 2005 drilling program at the West Cote Blanche Bay Field in St. 玛丽教区，路易斯安那州，2005年3月. 格尔夫波特的预算约为25美元.6亿美元，钻大约20到25口井. The wells to be drilled were previously identified by the Company’s reserve engineers as proved undeveloped reserve locations but Gulfport will also explore for possible and probable reservoirs by going deeper and directionally guiding the bit for untapped fault blocks.

Gulfport’s other primary asset is the East Hackberry Field located in Cameron Parish, Louisiana. The Company has completed seismic permitting and received final regulatory approval for a forty-two square mile, three dimensional (3-D) seismic survey with an estimated cost of approximately $4,500,000. Gulfport began the seismic data acquisition during the fourth quarter of 2004 and hopes to have the final processed seismic data during the third quarter 2005. Since this portion of the Hackberry dome has never been included in a 3-D seismic survey, the Company believes the shoot will reveal undrilled fault blocks that will allow Gulfport to drill new wells to both shallow and deep targets in the field. The drilling programs in Hackberry should commence by September of 2005.

迈克·里德尔, 格尔夫波特的首席执行官, commented “Gulfport 计划 to capitalize on rising commodity prices by aggressive drilling programs in both its West Cote Blanche Bay and East Hackberry fields to both exploit the Company’s proved undeveloped prospect inventory and find and develop new previously unidentified reserves. Gulfport is in the fortunate position of being prospect rich in a prospect poor 金沙赌场最新网址. We will also continue our production enhancement operations in our WCBB field. This should allow us to increase our production profiles for 2005.”

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, 经修订的（“证券法”）, 以及1934年证券交易法第21E条, 经修订的（“交易法”）. 除历史事实以外的所有陈述, 包括在这个新闻稿，地址活动, events or developments that 金沙赌场 (“Gulfport” or the “Company”), 特拉华州公司, 期望或预期将来会发生或可能发生的, including such things as future capital expenditures (including the amount and nature thereof), 企业战略和实施战略的措施, 竞争优势, 目标, expansion and growth of Gulfport’s business and operations, 计划, 提及未来的成功, reference to intentions as to future matters and other such matters are forward-looking statements. These statements are based on certain assumptions and analyses made by Gulfport in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. 然而, whether actual results and developments will conform with Gulfport’s expectations and predictions is subject to a number of risks and uncertainties, 总体经济, 金沙赌场最新网址, or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Gulfport; competitive actions by other oil and gas companies; changes in laws or regulations; and other factors, 其中许多都超出了格尔夫波特的控制范围. 因此, all of the forward-looking statements made in this news release are qualified by these cautionary statements and there can be no assurances that the actual results or developments anticipated by Gulfport will be realized, 或者即使实现了, that they will have the expected consequences to or effects on Gulfport, 其业务或运作. 我们无意, 并放弃任何义务, 更新或修改任何前瞻性陈述, 金沙赌场是否金沙赌场是新信息的结果, 未来结果或其他.

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