| Business Summary | | Gulfport
Energy
Corporation
is
an
independent
oil
and
gas
exploration
and
production
company
with
properties
located
in
the
Louisiana
Gulf
Coast.
Gulfport
is
actively
pursuing
further
development
of
its
properties
in
order
to
fully
exploit
its
reserves.
The
Company
has
a
substantial
portfolio
of
low
risk
developmental
projects
for
the
next
several
years
providing
the
opportunity
to
increase
production
and
cash
flow.
Gulfport's
developmental
program
is
designed
to
reach
the
Company's
high
impact,
higher
potential
rate
of
return
prospects
through
the
penetration
of
several
producing
horizons.
Additionally,
Gulfport
owns
3-D
seismic
data,
which
along
with
the
Company's
technical
expertise,
will
be
used
to
identify
exploratory
prospects
and
test
undrilled
fault
blocks
in
this
existing
fields.
As
of
December
31,
2000,
the
Company
had
in
excess
of
25
MMBOE
(million
barrels
of
oil
equivalent)
in
proved
reserves. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GPOR
owns
and
operates
mature
oil
and
gas
properties
in
the
Louisiana
Gulf
Coast
Area.
For
the
six
months
ended
6/30/01,
revenues
rose
15%
to
$8.4
million.
Net
income
rose
52%
to
$2.6
million.
Revenues
reflect
increased
oil
production
as
a
result
of
the
new
drilling
programs
initiated
during
the
first
quarter
of
2001.
Earnings
also
benefitted
from
decreased
gas
lift
costs
and
lower
interest
exepenses
as
a
result
of
a
reduction
in
average
debt
outstanding. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Mike Liddell, 47 Chairman,
Pres, CEO | $217K | Michael Moore, 44 CFO,
VP | -- | Lisa Holbrook, 30 VP,
Sec., Gen. Counsel | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|