Gulfport Energy Corp fka GPORQ

[OilStockReport]

Thoughts on the Utica Shale play?

Gulfport Energy (GPOR) is a well run independent with operations in several E&P hotspots such as Texas, Louisiana and the Niobrara Shale in Colorado as well as in the Canadian oil sands. Several weeks ago Gulfport did a 3 million share secondary to raise approximately 90 million in large part to fund their Utica Shale initiative. Gulfport’s acreage is all in the prime liquids rich portion of the play i.e., Eastern Ohio. Gulfport will serve as operator of its acreage and has commitments that would bring its acreage position to 110,000 gross (55,000 net) acres.