Gulfport Energy Prices Secondary Public Offering

Oklahoma-based Gulfport Energy Corporation today announced that it has priced a public offering of 1 million shares of its common stock at $22.00 per share to the public.

Gulfport intends to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its revolving credit facility with Bank of America, N.A. Gulfport intends to continue to borrow under this credit facility to fund its recently expanded 2007 drilling program and for general corporate purposes.

The offering is expected to close on July 25, 2007, subject to customary closing conditions.



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