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Gulfport Energy Provides Operational Update; Shares Dip 5%

Posted
2/6/2013 10:38:00 AM
By: MT Newswires
Referenced Stocks:GPOR

Gulfport Energy Corp. ( GPOR ) today provided an operational update for its Q4 2012.

For Q4 2012, net production was 540,558 barrels of oil, 366,258 thousand cubic feet of natural gas and 289,728 gallons of natural gas liquids, or 608,499 BOE.

GPOR reported year-end 2012 total proved reserves of 13.88 million BOE, consisting of 8.25 million barrels of oil and 33.77 billion cubic feet of natural gas. At year-end 2012, 59.8% of the company's proved reserves were classified as proved developed reserves.

GPOR is slated to release its Q4 and full-year 2012 results Tuesday, February 26.

GPOR is down 5.0% at $40.17, pulling back from a day's high near the top of the stock's 52-week range of $15.79 - $42.75.