Referenced Stocks

Gulfport Energy Reports Production Results for Ryser 1-25H and Groh 1-12H Wells; Shares Leap 3.5%

By MT Newswires,  October 31, 2012, 12:44:58 PM EDT

Gulfport Energy Corp. ( GPOR ) is up 3.5% and has touched a day high of $33.10 after announcing production results on its Ryser 1-25H and Groh 1-12H wells in the Utica Shale.

GPOR's Ryser 1-25H tested at a peak rate of 1,488 barrels of condensate per day, 5.9 million cubic feet per day of natural gas, and 649 barrels of natural gas liquids per day assuming full ethane recovery and a natural gas shrink of 21%, or 2,914 barrels of oil equivalent per day.

GPOR's Groh 1-12H tested at a peak rate of 1,186 barrels of condensate per day, 2.8 MMCF per day of natural gas, and 367 barrels of NGLs per day assuming full ethane recovery and a natural gas shrink of 18%, or 1,935 BOE per day.

GPOR is trading in a 52-week range of $15.79 - $37.80.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: GPOR



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